Ethereum News

CEO Brian Armstrong suggested that other states, including California, Wisconsin, New Jersey, and Maryland, should also reconsider their legal challenges and regulatory barriers to allow staking services.

The research firm also critiqued Tom Lee’s leadership, stating that he has “proven to be an underwhelming meme lord.”

The service helps institutions meet regulatory and operational requirements for storing, trading, and managing digital assets.

The company said the latest purchase was funded with net proceeds from a recently completed $150 million convertible note offering.

Meme token Dogecoin saw the steepest decline among the top 10 cryptocurrencies, falling 4.3% in the last 24 hours.

Bitcoin prices slipped to $121,336.94 after hitting an all-time high of $126,198.07 earlier this week. Ethereum prices dropped sharply to $4,439.67, while XRP found support at $2.85.

With a market capitalization of about $180 billion, BNB now ranks ahead of XRP, whose value stands at roughly $178 billion.

The apex cryptocurrency stood at $123,714.58 per coin at the time of writing, and Ethereum eased to $4,677.89, and XRP prices steadied at $2.97, according to CoinMarketCap data.

Retail sentiment on Stocktwits trended in ‘extremely bullish’ territory amid ‘high’ levels of chatter.

The company said its Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF are the first U.S.-listed spot crypto ETPs to enable staking.

With the launch of its new product, Galaxy will now be competing against the likes of Robinhood and eToro.

Spot market volumes have rebounded amid Bitcoin’s rally, according to on-chain analytics firm Glassnode.

The apex cryptocurrency was down 0.8% at $123,767.47 per coin, while Ethereum was down 0.2% to $4,563.86, and XRP prices fell 1.4% to $2.99.

According to a report by CNBC, the integration is likely to allow users to convert their crypto holdings into cash for spending at Walmart stores or for paying card balances.

The apex cryptocurrency was up nearly 1% at $119,763, but below the higher peaks scaled on Thursday, according to CoinGecko data.

According to data from Coinglass, the cryptocurrency market saw around $623 million in liquidations over the past 24 hours as major tokens staged a rebound.

A shutdown would freeze congressional work, including Senate consideration of the digital asset market structure bill.

According to SoSoValue data, Bitcoin spot ETFs saw net inflows of $521.95 million on Monday, the biggest increase since Sept. 12.

Ethereum spot exchange-traded funds experienced outflows of $795.6 million last week, marking the worst performance since their launch.

The pullback comes ahead of the August release of the Personal Consumption Expenditures price index, due later this Friday.

Ethereum led the declines, slipping 0.3% to $4,033.24, according to CoinGecko data, while Bitcoin was down 0.6% at $111,832.

The SEC filing indicates that the ETF would weight companies based on market capitalization and crypto holdings and allocate up to 15% to PIPEs within liquidity constraints.

Initial investments will target BTC, ETH, and BNB, with any expansion beyond these assets subject to Board approval.

Glassnode reported U.S. spot bitcoin ETF flows turned mildly negative after strong September inflows, signaling a pause in institutional demand.

Bitcoin prices were down 0.2% at $112,707, Ethereum was down 0.7% at $4,175.78, and XRP fell 0.8% to $2.85, according to Coingecko data.

The company’s 50,000 ETH stake is valued at roughly $210 million, based on Ethereum’s price of $4,200.

Bitcoin’s fall to $113,000 pushed futures open interest down to $42.8 billion, which Glassnode called a “healthy reset” that could stabilize derivatives markets and reduce liquidation risk.

Ethereum suffered the steepest losses, with approximately $5.6 million in leveraged positions erased, followed by Bitcoin, which lost $2.3 million.

The fund allocates about 70% to Bitcoin, 20% to Ethereum and the remaining 10% between XRP, Solana and Cardano.

Lawmakers are set to meet with 18 industry leaders, including Strategy’s Executive Chairman Michael Saylor, Executive Chairman of Bitmine Immersion Tom Lee, and others, to discuss President Donald Trump’s proposed Strategic Bitcoin Reserve later on Tuesday.

According to Shiba Inu developer Kaal Dhairya, Shibarium suffered a $2.4 million flash loan exploit on Sunday after an attacker briefly gained control of its validator system.

In August, Ethereum’s price hit a record high of $4,955, but it has not been able to break past the $5,000 threshold since then.

Galaxy Digital purchased more than two million tokens over the past 24 hours, following CEO Mike Novogratz’s declaration that it was ‘Solana Season.’

If the rally holds through the close, it would mark Mogu stock’s biggest single-day gain in more than five years.

Novogratz stated that Bitcoin’s price is likely to see a renewed rally towards the end of the year.

Bloomberg Intelligence analyst Eric Balchunas told Cointelegraph that new crypto ETFs from REX and Osprey, including a Dogecoin ETF, cleared the SEC’s 75-day review window and are expected to begin trading by Friday.

Solana’s gains come as the token registered a new all-time high of $12.31 billion in total value locked over the last 24 hours on Thursday.

Nasdaq has reportedly struck a strategic partnership with Gemini, the crypto exchange founded by the Winklevoss twins, to tap its custody and staking services.

Michael Saylor-backed Strategy announced on Monday that it bought around 1,955 BTC for around $217 million.

The S&P 500 hit a record high after the markets opened on Friday, and gold prices surged to a record high of $3,591 per ounce.

Traders are eyeing Friday’s employment report for clues on how it may shape the Federal Reserve’s monetary policy decisions later this month.

According to Glassnode, Bitcoin’s price is consolidating in between $104,000 and $116,000 as futures and ETF flows show cooling demand.

September hasn’t given Bitcoin a strong lift, but neither has it lived up to the month’s reputation as one of Bitcoin’s weakest periods either.

The personal consumption expenditure (PCE) data will provide more clues on the inflation trajectory and how the Federal Reserve may approach managing interest rates in September.

According to an ongoing Stocktwits poll, most retail traders don’t think Ethereum will be able to flip Bitcoin, even in another five years.

Despite the cryptocurrency market’s recovery, crypto-linked equities continued to trade in the red during early morning hours.

The continued selloff in the crypto market led to more than $759 million in liquidations over the past 24 hours, according to Coinglass data.

In the past week, BitMine increased its crypto and cash holdings by $2.2 billion to $8.8 billion.

The selloff in the crypto market led to more than $840 million in liquidations over the past 24 hours, according to Coinglass data.

In addition to Fed commentary, industry watchers are also concerned over network decentralization after it was reported that two mining pools now control more than half of Bitcoin’s hashrate.