Category: ether

‘Nowhere near a top’: Framework’s Vance Spencer on institutional adoption and the memecoin mania

‘Nowhere near a top’: Framework’s Vance Spencer on institutional adoption and the memecoin mania

In Vance Spencer’s view, the market is completely undercounting the amount of capital that’s about to move into the crypto world from institutional investor circles.  The co-founder of the $1 billion-plus investment firm Framework Ventures would have a good sense of that trajectory, considering how Framework wrapped up a $100 million fundraise for a new […]

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Huobi regroups investment arms to Huobi Ventures with $100 million allocation

Huobi regroups investment arms to Huobi Ventures with $100 million allocation

Crypto exchange Huobi has regrouped its investment arms into Huobi Ventures, with $100 million as starting capital. The exchange group said in an announcement on Thursday that it has consolidated Huobi Eco Fund, Huobi Capital and Huobi DeFi Labs into one that is spearheaded by its new chief financial officer Zhang Li, who joined the […]

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Ether should be worth 75% lower based on network activities – JPMorgan analysts

Based on mining activities and the number of unique active addresses on the Ethereum network, the Ether price should be trading around $1000, said the analysts. They also estimated that growing institutional interest and upcoming network changes have caused investors to get ahead of themselves. JPMorgan analysts have claimed that the recent market boom has […]

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Ethereum Skyrockets Past $4K Tapping a New ATH, Ether Dominance Jumps to 20%

The price of ethereum, the second-largest crypto asset in terms of market valuation, touched an all-time high (ATH) on Monday, capturing $4,246 per unit. Ethereum has been on a tear during the last year against the U.S. dollar, gaining a whopping 2,129% in 12 months. Ethereum Captures Fresh Price Highs, ‘Flippening’ Begins to Trend Ethereum […]

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Analyst Explains Why Ethereum Is Rallying, Hitting All-Time Highs

Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment Management, also known as Ark Invest, published a research note last […]

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Asian Auction House Phillips Will Accept Crypto at Auction for a Physical Piece of Banksy Art

The well-known Phillips Auction House has announced the company plans to accept cryptocurrency for the first time in a physical art auction set for June 7-8. Phillips will be auctioning a world-famous piece of artwork called the “Laugh Now Panel” created by the anonymous street artist Banksy. ‘Laugh Now’- Phillips to Accept Cryptocurrency at a […]

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‘Once in a While You Get Shown the Light’— Jerry Garcia Art to be Auctioned as an NFT for $1 Million

The now-deceased and former lead guitarist for the Grateful Dead, Jerry Garcia, will have a rare piece of his artwork sold as a non-fungible token (NFT) collectible asset. The NFT is a digital piece called “Gift” and is being sold by the Jerry Garcia Foundation, a nonprofit that supports “environmental, artistic and humanitarian causes through […]

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ETH Futures set a new Daily Trading Volume Record of $90 Billion Amid Surging Spot Price

Ether ($ETH), the second-largest cryptocurrency by market cap had quite an eventful past couple of weeks where it recorded a new ATH every other day and breezed past the key resistance of $3,000 to set a new ATH of $3,523. While the spot market continues to thrive, the rising demand is now started to reflect […]

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Mogo Adds 146 ETH to Firm’s Balance Sheet, Plans to Turn 5% of Its Portfolio Into Crypto Assets

On Tuesday, the Nasdaq-listed Canadian company Mogo revealed the firm has purchased 146 ether at an average price of $2,780. The move follows the firm’s corporate investment in bitcoin, as well as offering bitcoin rewards for the company’s mortgage and card clients. The company plans to keep 5% of its balance sheet assets in digital […]

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