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Ethereum / US Dollar

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Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

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Bitcoin is expected to reach a new all-time high by the weekend, according to Geoff Kendrick, Head of FX Research and Digital Assets Research at Standard Chartered. The potential approval of spot ether ETFs is also seen as a factor that could further legitimize the cryptocurrency sector. Recent inflows into spot Bitcoin ETFs have reached a new all-time high of $12.9 billion. The SEC's request for updates to filings for spot Ethereum ETFs has increased the chances of approval from 25% to 75%.

Portfolio Pulse from Benzinga Neuro

May 22, 2024 | 3:40 am

Pepe and Floki lead a memecoin rally with double-digit gains, surpassing Dogecoin and Shiba Inu in trading volumes. Pepe hit a fresh all-time high and became the 21st largest cryptocurrency by market cap. Both coins saw significant large transaction volumes and increased daily active addresses, although a market correction is anticipated.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 2:33 am

The cryptocurrency market saw mixed movements with Bitcoin retracing and Ethereum and Dogecoin inching higher. Ethereum's positive momentum is driven by rumors of an upcoming spot ETF approval. Bitcoin experienced a dip due to profit-taking. The stock market also edged higher, with notable gains for the Nasdaq Composite and S&P 500, driven by bullish prospects for NVIDIA's upcoming earnings report.

Portfolio Pulse from Aniket Verma

May 22, 2024 | 1:56 am

Former President Donald Trump is now accepting cryptocurrency donations for his presidential campaign, making it the first major party campaign to do so. The campaign will accept various cryptocurrencies through Coinbase Commerce, including Bitcoin, Ethereum, and Dogecoin. This move aims to attract the crypto community, contrasting with the anti-crypto stance of President Joe Biden and other Democratic leaders.

Portfolio Pulse from Chris Katje

May 21, 2024 | 9:11 pm

Cryptocurrency markets remain buoyant with Ethereum futures peaking at an all-time high of $15.1 billion, driven by speculation of an imminent spot Ethereum ETF approval. Bitcoin retraces slightly, while Ethereum and Dogecoin continue their rallies.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 8:15 pm

10x Research predicts Bitcoin could approach $80,000 by June, citing strong buy signals and institutional inflows. Bitcoin ETFs saw a $1 billion increase in purchases, and futures leverage climbed significantly. The Bitcoin Greed & Fear Index turned bullish, and a key milestone is Bitcoin staying above $71,000 for three days.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 7:22 pm

British economist Philip Pilkington warns that the next U.S. recession could lead to a significant decline in American living standards due to private foreign investors dumping U.S. Treasuries. The article also mentions the iShares Silver Trust (SLV) and Ethereum (ETH) making new highs.

Portfolio Pulse from David Pinsen

May 21, 2024 | 6:53 pm

The SEC is reportedly leaning towards approving spot Ethereum ETFs, with potential approvals as soon as this week. This news has led to a surge in Ethereum's price. The initial deadline for proposed spot ether ETFs is May 23, with VanEck's proposal being the first in line. Other firms with similar filings include Ark Invest, 21Shares, Grayscale Investments, Fidelity, BlackRock, and Franklin Resources.

Portfolio Pulse from Murtuza Merchant

May 21, 2024 | 6:06 pm

Former President Donald Trump leads President Joe Biden by 15 points in a 2024 presidential election prediction market on Polymarket. Trump's chances have increased to 55%, while Biden's stand at 40%. The market has seen $130 million traded, with Trump and Biden outcomes accounting for $15 million each. Polymarket recently raised $70 million in a Series B round. The news comes amid a potential policy shift towards the cryptocurrency industry, with Trump advocating for pro-crypto policies.

Portfolio Pulse from Ivan Crnogatić

May 21, 2024 | 5:55 pm

Iris Energy Limited (NASDAQ:IREN) shares are trading higher due to increased interest in cryptocurrency-related stocks. Ethereum's price spike and optimism about spot Ethereum ETFs have contributed to this interest. Iris Energy reported mining 1,003 Bitcoin in Q1, with revenue of $53.4 million. The stock is trading above its 50-day moving average and has a 1-year price target of $9.85.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 5:52 pm

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