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Ether

Ether (ETH) News: ETFs Suffer Outflows

by admin September 5, 2025

Ether exchange-traded funds (ETFs) have recorded four consecutive days of outflows, marking a sharp turn in sentiment after a month of heavy inflows that saw them outperform their bitcoin BTC$111,292.17 counterparts.

Over the past four trading sessions, spot ether ETFs shed a combined $505.4 million, according to data compiled by Farside Investors. By contrast, bitcoin ETFs brought in $283.7 million during the same period. This reversal follows a striking August performance when ether ETFs saw more than $4 billion in inflows, compared to just $629 million for bitcoin funds.

The shift appears tied to price action. Ether dropped to $4,209 on Monday, marking its lowest level since mid-August. This is similar to past observations which have also seen ETH ETF outflows following sizable price declines.

This behavior suggests investors often move to the sidelines rather than buy the dip. That behavior may reflect either a loss of confidence in short-term upside or a reluctance to hold through potential further declines.

Read more: Ether Leads Crumbling Crypto Prices in Shocking Reversal From Early Rally

The current divergence in flows between the two largest crypto assets points to a cooling of ether-specific enthusiasm, even as bitcoin manages to attract fresh capital.

Still, past performance suggests the pendulum could swing back again. If ether’s price stabilizes or climbs, ETF flows may follow.

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September 5, 2025 0 comments

NFT Gaming

Attackers Are Now Using Ether Smart Contracts to Mask Malware

by admin September 4, 2025

Ethereum has become the latest front for software supply chain attacks.

Researchers at ReversingLabs earlier this week uncovered two malicious NPM packages that used Ethereum smart contracts to conceal harmful code, allowing the malware to bypass traditional security checks.

NPM is a package manager for the runtime environment Node.js and is considered the world’s largest software registry, where developers can access and share code that contributes to millions of software programs.

The packages, “colortoolsv2” and “mimelib2,” were uploaded to the widely used Node Package Manager repository in July. They appeared to be simple utilities at first glance, but in practice, they tapped Ethereum’s blockchain to fetch hidden URLs that directed compromised systems to download second-stage malware.

By embedding these commands within a smart contract, attackers disguised their activity as legitimate blockchain traffic, making detection more difficult.

“This is something we haven’t seen previously,” ReversingLabs researcher Lucija Valentić said in their report. “It highlights the fast evolution of detection evasion strategies by malicious actors who are trolling open source repositories and developers.”

The technique builds on an old playbook. Past attacks have used trusted services like GitHub Gists, Google Drive, or OneDrive to host malicious links. By leveraging Ethereum smart contracts instead, attackers added a crypto-flavored twist to an already dangerous supply chain tactic.

The incident is part of a broader campaign. ReversingLabs discovered the packages tied to fake GitHub repositories that posed as cryptocurrency trading bots. These repos were padded with fabricated commits, bogus user accounts, and inflated star counts to look legitimate.

Developers who pulled the code risked importing malware without being aware of it.

Supply chain risks in open-source crypto tooling are not new. Last year, researchers flagged more than 20 malicious campaigns targeting developers through repositories such as npm and PyPI.

Many were aimed at stealing wallet credentials or installing crypto miners. But the use of Ethereum smart contracts as a delivery mechanism shows adversaries are adapting quickly to blend into blockchain ecosystems.

A takeaway for developers is that popular commits or active maintainers can be faked, and even seemingly innocuous packages may carry hidden payloads.

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September 4, 2025 0 comments

Five-year ETH-USD chart on Coinbase showing a decisive break above the Nov. 2021 all-time high into price discovery

GameFi Guides

Ether Machine (ETHM) Secures $654M in ETH From Blockchains’ Jeffrey Berns

by admin September 2, 2025

The Ether Machine (ETHM), a crypto investment vehicle preparing to go public through a merger with Dynamix Corporation, said on Tuesday it has secured an additional 150,000 ether (ETH), worth about $654 million, from Jeffrey Berns, the founder of Blockchains.

The latest commitment brings the company’s total ETH owned or pledged to 495,362 ETH, valued at about $2.16 billion, the press release said.

The firm also has up to $367.1 million reserved for further purchases, assuming Dynamix shareholders don’t redeem their shares before the merger closes.

Berns, who has backed Ethereum as a platform for digital identity and internet infrastructure, is expected to join The Ether Machine’s board once the transaction finalizes later this year. His investment follows a prior anchor commitment of 169,984 ETH ($741 million) from The Ether Machine’s co-founder and chairman Andrew Keys.

The firm also plans to pursue a third fundraising round of at least $500 million with Citibank leading the effort, Keys said in an interview with Reuters.

The Ether Machine is part of a growing roster of public firms pursuing a strategy to acquire ETH, the second-largest cryptocurrency. ETH treasury companies, led by BitMine and SharpLink Gaming, has already bought up nearly 4% of the token’s supply, a dashboard by strategicethreserve.xyz shows.

Read more: BitMine Immersion Boosts Ether Holdings to $8.1B, With $623M in Cash for More Purchases

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September 2, 2025 0 comments

NFT Gaming

Ether (ETH) May Outperform Bitcoin (BTC) If PCE Inflation Report Is Soft: Crypto Daybook Americas

by admin August 29, 2025

Crypto Daybook Americas will not be published on Monday due to the Labor Day holiday. It will return on Tuesday.

By Omkar Godbole (All times ET unless indicated otherwise)

Bitcoin BTC$110,163.05 has dropped nearly 3% to $109,800 in the past 24 hours, pulling the broader market, including ether (ETH), down with it. But those losses are nothing out of the ordinary, meaning major tokens are trading near recent valuations.

What’s new today is that BTC’s volatility is bouncing from recent multiyear lows (See Chart of the Day). The 30-day implied volatility, as represented by Volmex’s BVIV and Deribit’s DVOL indices, has surged above the 100-day simple moving average for the first time since mid-June. Perhaps the price turbulence that some traders predicted for August may unfold in September.

The increase could be noteworthy for stock traders as an early indicator of a potential uptick in Wall Street’s VIX. The VIX is inversely correlated with stocks, suggesting there’s of a rough day ahead on Wall Street, a possibility underlined by fiat liquidity dynamics.

“Market liquidity pressures are mounting as reserve balances decline and large Treasury settlements approach, leaving equities vulnerable despite lower volatility,” Michael Kramer, the founder of Mott Capital Management, wrote in the latest edition of the firm’s markets update.

One piece of data to keep an eye on is the U.S. core PCE release, due later today.

“This PCE release will shape the Fed’s future easing path rather than the September decision itself,” analysts from crypto exchange Bitunix wrote in an email. “If data comes in at or below expectations, risk sentiment can hold; but if significantly hotter, the Fed’s forward guidance may shift toward a ‘one-and-wait’ stance. Investors should focus on core services and wage trends, alongside U.S. Treasury yields and the DXY as key drivers of risk appetite.”

In the event of a soft CPI, ether may outperform because traders have been increasingly focusing on Ethereum’s native token. That’s evident from the ETF flows. This week, the U.S.-listed ETH ETFs have registered a net inflow of over $1 billion, SoSoValue data show. That’s close to double the $567 million entering the bitcoin ETFs.

In traditional markets, the spread between the U.S. 10- and two-year Treasury yields has risen to the highest since September 2022. The so-called curve steepening supports the bullish case in gold and bitcoin. Stay alert!

What to Watch

Crypto
- Aug. 29, 2 p.m.: The Stellar Development Foundation will host a livestream on X to discuss how NEAR Intents will enable new DeFi use cases on the Stellar blockchain.
- Aug. 30: Conflux (CFX), a layer-1 blockchain focused on high throughput and Ethereum compatibility, will activate its v3.0.1 hard fork network upgrade at epoch 129,680,000 introducing 8 enhancements to improve EVM compatibility, fix bugs and optimize performance. Node operators must upgrade before Sept. 1 to ensure network compatibility.
- Sept. 1: Starknet (STRK), a layer-2 scaling product for Ethereum, will introduce its v0.14.0 mainnet upgrade featuring decentralized sequencing, subsecond transaction pre-confirmations and an EIP-1559 fee market to improve speed and decentralization.
- Sept. 3, 10:15 a.m.: Tellor (TRB), a decentralized oracle network that operates as an Ethereum layer-2 blockchain, will upgrade its mainnet to version 5.1.1. The upgrade improves network performance and node operation, enhancing Tellor’s role in providing off-chain data to Ethereum smart contracts.
- Sept. 4: Polygon will switch its mainnet token to POL from MATIC. Holders of MATIC on Ethereum, Polygon zkEVM or centralized exchanges may need to take action.
Macro
- Aug. 29, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases July consumer income and expenditure data.
  - Core PCE Price Index MoM Est. 0.3% vs. Prev. 0.3%
  - Core PCE Price Index YoY Est. 2.9% vs. Prev. 2.8%
  - PCE Price Index MoM Est. 0.2% vs. Prev. 0.3%
  - PCE Price Index YoY Est. 2.6% vs. Prev. 2.6%
  - Personal Income MoM Est. 0.4% vs. Prev. 0.3%
  - Personal Spending MoM Est. 0.5% vs. Prev. 0.3%
- Aug. 29, 11 a.m.: Colombia’s National Administrative Department of Statistics (DANE) releases July unemployment rate data.
  - Unemployment Rate Est. 8.9% vs. Prev. 8.6%
- Aug. 30 – Sept. 1: The Shanghai Cooperation Organization (SCO) — a Eurasian intergovernmental alliance focused on regional security, economic cooperation, and political coordination — holds its 25th annual summit in Tianjin, China.
- Sept. 1, 9 a.m.: S&P Global releases August Brazil data on manufacturing and services activity.
  - Manufacturing PMI Prev. 48.2
- Sept. 1, 11 a.m.: S&P Global releases August Mexico data on manufacturing and services activity.
  - Manufacturing PMI Prev. 49.10
- Sept. 1, 11 a.m.: Peru’s National Institute of Statistics and Informatics releases August consumer price inflation data.
  - Inflation Rate MoM Prev. 0.23%
  - Inflation Rate YoY Prev. 1.69%
Earnings (Estimates based on FactSet data)

Token Events

Governance votes & calls
Unlocks
- Sept. 1: Sui SUI$3.3094 to release 1.25% of its circulating supply worth $153.1 million.
- Sept. 2: Ethena ENA$0.6470 to release 0.64% of its circulating supply worth $25.64 million.
- Sept. 5: Immutable (IMX) to unlock 1.27% of its circulating supply worth $13.26 million.
- Sept. 11: Aptos APT$4.2801 to unlock 2.2% of its circulating supply worth $48.18 million.
Token Launches
- Aug. 29: CeluvPlay (CELB) to list on KuCoin, Gate and MEXC.
- Aug. 29: Camp Network (CAMP) to list on Bithumb.
- Aug. 29: Kori (KORI) to list on KuCoin.

Conferences

The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB15 for 15% off your registration through Sept. 1.

Token Talk

By Shaurya Malwa

Solana (SOL) posted a 44% drop in second-quarter application revenue, sliding to to $576.4 million from $1 billion in the first quarter even as its DeFi sector expanded, according to Messari.
The downturn reflects weaker profitability across key decentralized apps. Pump.fun (PUMP) still led with $156.9 million, but was still down 44% as memecoin frenzy cooled.
Axiom was the outlier, surging 641% to $126.6 million, showing how fast protocol-specific growth can offset broader ecosystem weakness. Jupiter JUP$0.5124 earned $66.4 million (–16%), while Phantom and Photon were hit hardest with declines of 65% and 72%, respectively.
Despite revenue losses, DeFi TVL on Solana climbed 30% to $8.6 billion in the quarter and has since crossed $11 billion, cementing the chain as the largest DeFi network behind Ethereum.
Kamino Finance drove TVL growth, up 34% to $2.1 billion after introducing Kamino Lend V2, which attracted $200 million in deposits and $80 million in loans within three weeks. Kamino now controls 25% of Solana’s market share.
Raydium staged a strong comeback, rising 54% to $1.8 billion in TVL, reclaiming second place from Jupiter. It now commands 21% share versus Jupiter’s 19%.
Trading activity, however, told a different story: Average daily spot DEX volume fell 45% to $2.5 billion, reflecting a fading of the memecoin momentum that had fueled the previous quarter’s records.

Derivatives Positioning

Open interest (OI) in futures tied to the top 20 coins, excluding SOL, has decreased in the past 24 hours, indicating broad-based capital outflows.
SOL’s open interest, however, hit a record high 63.84 million, alongside a rally in the token’s price to $217, a level last seen in February.
The eight-hour funding rates for ether, tron and BNB flipped slightly negative, indicating a bias for bearish bets on a drop in prices. Funding rates for other major tokens were steady at around zero, indicating neutral sentiment.
OI in the CME bitcoin futures slipped to 135.72K BTC, the lowest since April, while ether OI remained elevated at record highs near 2.10 million ETH. The divergence suggests a continued preference among investors for ETH over BTC.
On Deribit, downside bias in BTC options has strengthened across all tenors, with puts trading at a five volatility premium to calls at the front end. ETH options display similar dynamics, marking a shift from bullish positioning early this week.
On Paradigm, block flows featured call selling and put rolling strategies in BTC and ETH. Market maker Wintermute pointed to demand for call spreads in the December expiry BTC options.

Market Movements

BTC is down 1.87% from 4 p.m. ET Thursday at $109,828.05 (24hrs: +1.95%)
ETH is down 2.66% at $4,013.41 (24hrs: -5.69%)
CoinDesk 20 is down 2.52% at 4,168.55 (24hrs: -3.73%)
Ether CESR Composite Staking Rate is up 2 bps at 2.92%
BTC funding rate is at 0.0056% (6.0992% annualized) on Binance

DXY is up 0.14% at 97.95
Gold futures are down 0.18% at $3,467.90
Silver futures are down 0.54% at $39.49
Nikkei 225 closed down 0.26% at 42,718.47
Hang Seng closed up 0.32% at 25,077.62
FTSE is down 0.27% at 9,192.27
Euro Stoxx 50 is down 0.52% at 5,368.49
DJIA closed on Thursday up 0.16% at 45,636.90
S&P 500 closed up 0.32% at 6,501.86
Nasdaq Composite closed up 0.53% at 21,705.16
S&P/TSX Composite closed unchanged at 28,434.80
S&P 40 Latin America closed up 1.07% at 2,770.74
U.S. 10-Year Treasury rate is up 1.8 bps at 4.225%
E-mini S&P 500 futures are down 0.32% at 6,496.75
E-mini Nasdaq-100 futures are down 0.47% at 23,657.75
E-mini Dow Jones Industrial Average Index are down 0.34% at 45,551.00

Bitcoin Stats

BTC Dominance: 58.41% (+0.25%)
Ether-bitcoin ratio: 0.03954 (-1.35%)
Hashrate (seven-day moving average): 978 EH/s
Hashprice (spot): $53.73
Total fees: 3.3 BTC / $371,906
CME Futures Open Interest: 135,720 BTC
BTC priced in gold: 32.2 oz.
BTC vs gold market cap: 9.11%

Technical Analysis

XRP’s daily chart. (TradingView/CoinDesk)

The chart shows XRP’s price is stuck within the Ichimoku cloud, indicating a clear directional bias in the market.
A move below the cloud would confirm a bearish trend shift, opening the way for a deeper decline.
The price has already established a downtrend since peaking at $3.65 in July.

Crypto Equities

Coinbase Global (COIN): closed on Thursday at $308.47 (-0.16%), -1.53% at $303.75 in pre-market
Circle (CRCL): closed at $130.94 (+2.78%), -0.69% at $130.04
Galaxy Digital (GLXY): closed at $24.51 (+0.41%), -2.08% at $24
Bullish (BLSH): closed at $64.43 (+0.7%), -2.5% at $62.82
MARA Holdings (MARA): closed at $15.96 (+0.69%), -2.26% at $15.60
Riot Platforms (RIOT): closed at $13.8 (+1.84%), -1.88% at $13.54
Core Scientific (CORZ): closed at $14.35 (+1.06%), -1.74% at $14.10
CleanSpark (CLSK): closed at $9.55 (-0.31%), -1.26% at $9.43
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $29.67 (+1.23%), +0.78% at $29.90
Exodus Movement (EXOD): closed at $26.16 (-4%), unchanged in pre-market

Crypto Treasury Companies

Strategy (MSTR): closed at $338.84 (-0.94%), -1.84% at $332.60
Semler Scientific (SMLR): closed at $30.63 (+0.23%), -0.2% at $30.57
SharpLink Gaming (SBET): closed at $18.46 (-4.2%), -3.14% at $17.88
Upexi (UPXI): closed at $8.09 (-1.58%), -5.32% at $7.66
Mei Pharma (MEIP): closed at $5.2 (+0.78%)

ETF Flows

Spot BTC ETFs

Daily net flows: $178.9 million
Cumulative net flows: $54.34 billion
Total BTC holdings ~1.29 million

Spot ETH ETFs

Daily net flows: $39.1 million
Cumulative net flows: $13.7 billion
Total ETH holdings ~6.6 million

Source: Farside Investors

Chart of the Day

BVIV. (TradingView/CoinDesk)

Volmex’s BVIV index, which represents bitcoin’s 30-day implied volatility, has risen above the 100-day simple moving average for the first time since April.
The uptick could be an early indicator of an impending rise in Wall Street’s so-called fear gauge, the VIX index.

While You Were Sleeping

China Says Stronger Ties With India Is in Interest of Both Sides (Bloomberg): China’s Foreign Ministry said Xi’s 2024 meeting with Modi restarted relations, stressing there was no “secret diplomacy” and that both sides are resuming dialogue while seeking a long-term strategic framework.
Stand Up to Trump on Big Tech, Says EU Antitrust Chief (Financial Times): The European Commission’s executive vice president said Brussels may walk away from a new trade deal if Trump demands weakening of the bloc’s Digital Services Act and Digital Markets Act.
Bitcoin Bull Market May End Early, Warns Key Indicator, But Flows Continue to Lean Bullish (CoinDesk): RSI, a key momentum gauge, suggests bitcoin’s rally may be running out of steam, but large trades in options markets suggest many investors are still betting on gains into year-end.
Bitcoin Headed to $190K on Institutional Wave, Research Firm Says (CoinDesk): Tiger Research argues record liquidity, ETF accumulation and Trump’s 401(k) order give bitcoin its strongest institutional setup in years, though weak retail activity and on-chain signals show risks remain.
IREN Posts First Full-Year Profit on AI Cloud Growth, Mining Expansion; Shares Climb (CoinDesk): The company reported a $86.9 million profit on record $501 million revenue, with bitcoin mining generating $1 billion annually and the AI cloud unit set to reach $250 million in annualized revenue by year-end.
A Tariff Loophole on Cheap Imports Has Closed. How Will It Affect Shoppers? (The New York Times): From today, individuals and businesses in the U.S. can no longer receive packages under $800 tariff-free from abroad, a change set to raise shopping costs and disrupt supply chains.

In the Ether

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August 29, 2025 0 comments

GameFi Guides

BTC Loses 100-Day Average as XRP, Ether and Solana Hold Ground

by admin August 26, 2025

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin’s (BTC) technical outlook has deteriorated over the past 24 hours, with prices dropping below a key moving average for the first time since April. This breakdown has left BTC at a disadvantage compared to major tokens such as Ether (ETH), XRP, and Solana SOL$188.41.

BTC loses 100-day SMA

BTC has dropped over 1% in the past 24 hours, hitting a low of $109,172 at one point.

In the process, the cryptocurrency has convincingly dipped below the 100-day simple moving average (SMA), a widely tracked momentum indicator and support/resistance line, for the first time since April 22.

Further, prices have crossed below the Ichimoku cloud, indicating a bearish shift in momentum.

The dual breakdown has bolstered the bearish technical outlook suggested by the recent violation of the upward-sloping trendline from the April lows and the consecutive negative prints on the longer-duration MACD histogram. Taken together, the recent pattern looks similar to the February breakdown that set the stage for a deeper sell-off to $75K.

BTC’s daily chart. (TradingView/CoinDesk)

The next key level to watch out for is $105,390, which is the 38.2% Fibonacci retracement of the April-July rally, followed by the 200-day SMA at $100,928.

The bulls need to overcome the lower high of $117,416 created on Aug. 22 to negate the bearish technical setup.

Resistance: $111,592, $117,416, $120,000
Support: $105,390, $100,928, $100,000.

XRP, ETH and SOL hold ground

While bitcoin has suffered the dual breakdown, XRP continues to trade above its 100-day SMA. However, prices are “stuck in the Ichimoku cloud,” whichmeans the token is trading within a zone of uncertainty and consolidation where neither bulls nor bears are willing to lead the price action. It suggests indecision and lack of a strong trend.

Meanwhile, ether and SOL continue to trade above their respective 100-day SMAs and Ichimoku clouds. Therefore, a potential risk-on could see both ETH and SOL outperform BTC and XRP.

ETH, SOL, XRP daily charts. (TradingView/CoinDesk)

Read more: Massive $14.6B Bitcoin and Ether Options Expiry Shows Bias for Bitcoin Protection

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August 26, 2025 0 comments

NFT Gaming

ETHZilla Authorizes $250M Buyback, Expands Ether (ETH) Treasury to $489M

by admin August 25, 2025

ETHZilla (ETHZ) has authorized a $250 million stock repurchase program as the company doubles down on its ether-focused treasury strategy, the firm said in a press release Monday.

The Florida-based firm said its board approved the buyback effective immediately, with the program set to run until June 30, 2026, or until the full $250 million allocation is exhausted.

Alongside the move, The Nasdaq-listed company disclosed that it now holds 102,237 ETH, acquired at an average price of $3,948.72.

At current market valuations, the stash is worth approximately $489 million. The company also reported holding roughly $215 million in U.S. dollar cash equivalents.

“As we continue to scale our ETH reserves and pursue differentiated yield opportunities, we believe an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders,” said McAndrew Rudisill, executive chairman of ETHZilla, in the release.

ETHZilla also introduced its proprietary Electric Asset Protocol, which it says will be used to generate higher yields on its crypto holdings.

As of August 24, 2025, the company reported 102,237 ETH valued at about $489 million, $215 million in cash equivalents, and 165,478,655 shares outstanding, as of August 22.

The buyback adds another layer to ETHZilla’s strategy of aggressively building ether reserves while leveraging new yield protocols to bolster returns.

ETHZilla shares tumbled nearly 30% on Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares. The stock was was trading 4.5% lower, around $3.15, at publication time.

Read more: ETHZilla Shares Plunge Almost 30% as Dilution Fears Overshadow $349M Ether Treasury

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August 25, 2025 0 comments

Crypto Trends

Spot Crypto ETFs See $1.4B Outflows As Bitcoin, Ether Slump

by admin August 25, 2025

Cryptocurrency investment products reversed an emerging inflow trend, with significant outflows last week as Bitcoin and Ether prices declined.

Global crypto exchange-traded products (ETPs) saw $1.43 billion of outflows last week, ending a two-week inflow run that brought in $4.3 billion, CoinShares reported on Monday.

The outflows came amid Bitcoin (BTC) dipping from above $116,000 on Aug.18 to $112,000 by the end of the trading week, while Ether (ETH) tumbled below $4,100 on Tuesday after starting the week at around $4,250, according to CoinGecko.

Last week’s losses marked the second-biggest outflows on record for spot Ether exchange-traded funds (ETFs), with almost $430 million withdrawn on Tuesday alone, according to SoSoValue.

Largest outflows since March

According to CoinShares’ head of research, James Butterfill, the $1.4 billion in outflows from crypto funds were the biggest losses since March 2025.

Butterfill attributed the sell-off to “increasingly polarized” investor sentiment over US monetary policy, with pessimism around the Federal Reserve’s stance driving $2 billion outflows early in the week.

Daily flows in spot Bitcoin ETFs versus spot Ether ETFs. Source: SoSoValue

“However, sentiment shifted later in the week following Jerome Powell’s address at the Jackson Hole Symposium, which was widely interpreted as more dovish than expected, sparking inflows of $594 million,” he added.

Shift in tone reflected in Ethereum

Butterfill said the shift in tone was more strongly reflected in Ether, which saw a sharp mid-week recovery, resulting in $440 million of outflows.

Bitcoin ETPs saw significantly bigger outflows, totaling more than $1 billion.

Crypto ETP flows by asset as of Friday (in millions of US dollars). Source: CoinShares

The analyst emphasized a notable change in investor sentiment toward Bitcoin and Ether given the month-to-date inflows, where Bitcoin has experienced $1 billion outflows versus Ether’s $2.5 billion of inflows.

Related: Bitcoin ETFs hit 5-day losing streak, but Pomp says BTC is oversold

“Inflows year-to-date for Ethereum represent 26% of total assets under management compared to just 11% for Bitcoin,” Butterfill added.

In the meantime, altcoin flows were mixed, with XRP (XRP) seeing $25 million in inflows, Solana (SOL) posting $12 million gains, while Sui (SUI) and Toncoin (TON) saw outflows of $13 million and $1.5 million, respectively.

Magazine: ETH ‘god candle,’ $6K next? Coinbase tightens security: Hodler’s Digest, Aug. 17 – 23

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August 25, 2025 0 comments

GameFi Guides

‘No Reason to Buy Bitcoin’: Ether Supporters Celebrating ATH

by admin August 23, 2025

Ethereum (ETH) price hits ATH, community celebrates
Ethereum’s (ETH) next step: Price discovery ahead?

Yesterday, on Aug. 22, 2025, Ethereum (ETH), the second-largest cryptocurrency, finally hit an ATH over $4,885 on major spot exchanges. The Ethereum (ETH) community in CT is mocking its opponents and guessing the potential targets of ETH’s price rally.

Ethereum (ETH) price hits ATH, community celebrates

With Ethereum (ETH) smashing through its 2021 high, there’s no reason to buy Bitcoin (BTC) any longer. Ethereum (ETH) is at the same time more decentralized and represents a better store of value, long-term ETH proponent Anthony Sassano says on X.

There is no reason to buy BTC instead of ETH.

Ethereum is more decentralized than Bitcoin and ETH is a much better store of value than BTC.

You either accept this now, or be forced to accept it when ETH flips BTC.

The choice is yours.

— sassal.eth/acc 🦇🔊 (@sassal0x) August 23, 2025

According to him, cryptocurrency community members should either accept it now or when Ethereum (ETH) finally flips Bitcoin (BTC).

Meanwhile, the ETH/BTC ratio surged from 0.017 to 0.041 in just four months. Ethereum (ETH) outperformed Bitcoin (BTC) by more than 2.5x since.

Mocking Ethereum (ETH) bears is another hot topic on X today. With $468 million in liquidated short positions, yesterday’s session was the most brutal for Ethereum (ETH) bears in weeks.

ETH bears with short positions liquidated at ATH frantically pulling up the validator exit queue chart to hold on to one last piece of FUD and seeing that it has peaked & started decreasing. pic.twitter.com/YUtpbielOf

— Jrag.eth (@Jrag0x) August 22, 2025

After peaking on Aug. 20, Ethereum (ETH) unstaking queue started clearing. The period of unstaking dropped below 15 days for the first time in weeks. Normally, this is also a signal of growing interest in Ethereum.

Ethereum’s (ETH) next step: Price discovery ahead?

Ethereum (ETH) supporters are sure that after revisiting the previous ATH, Ether is set to start a price discovery period.

Fundstrat’s Tom Lee, one of the vocal Ethereum (ETH) proponents in this cycle, is sure that Ethereum (ETH) has all chances to surpass Bitcoin (BTC) by market cap.

As covered by U.Today earlier today, Raoul Pal, a seasoned economist and investor, expects the altcoin season to peak by mid-2026.

Bitcoin News Today: Ether (ETH) Likely to Top $5K, BTC Eyes Record High as Powell Sparks Rally; Watch for DAT Deal Risks: Asset Managers

by admin August 23, 2025

Cryptocurrencies surged late Friday after Federal Reserve President Jerome Powell struck a dovish tone at the Jackson Hole economic symposium, defying market expectations for a more hawkish stance. That has prompted asset managers to call for new all-time highs for bitcoin BTC$115,790.79, ether (ETH) and select altcoins.

What Powell said?

In one of his most important speeches, Powell suggested that the labor market could benefit from lower borrowing costs, having held the benchmark interest rate steady at 4.25% for eight months.

“Downside risks to employment are rising,” Powell said in prepared remarks for his keynote speech at the Jackson Hole Symposium, adding that the possibility of President Donald Trump’s tariffs having only a short-lived effect on inflation is “reasonable.”

“With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” he noted.

Cryptocurrencies and stocks soared, and the probability of the September Fed rate cut jumped to 90% following the speech. Most analysts expect the momentum to continue in the days ahead.

Analysts see new highs for BTC and ETH above $5K

Analysts at Monarq Asset Management anticipate that ether’s price will rise above $5,000 in the coming days.

“We maintain our overall bullish stance. Market internals remain constructive, with few signs of overheating and, as you point out, a clear path to new all-time highs in both BTC and ETH,” Sam Gaer, chief investment officer of Monarq Asset Management’s Directional Fund, told CoinDesk.

“Our house view is that Powell’s dovish pivot has cleared the way for $5,000+ in the near term (also not the hardest call to make). Demand from treasury vehicles should increase into the fall as many of the deals announced this summer close or de-SPAC, in addition to ongoing institutional and retail inflows,” Gaer added.

Ethereum’s native token ether has already gained nearly 10% in 24 hours, hitting record highs above $4,800. As of writing, it changed hands at $4,700, according to CoinDesk data. Meanwhile, market leader bitcoin traded near $115,600, slightly down from the overnight high of $117,400.

Data from Deribit-listed options shows that ether’s rally has sparked renewed demand for upside bets, or call options. At press time, risk reversals were positive across all tenors, implying relative richness of calls. The sentiment wasn’t so bullish in BTC options.

Gaer stated that over-the-counter desks and market makers are experiencing stronger demand for ETH compared to BTC, suggesting that ether may outperform ahead.

That said, BTC looked strong on its own too. “The BTC pullback from ATH was ~9.6%—far less than earlier drawdowns this year—indicating strong demand, as evidenced by whale wallet accumulation around the $113k level,” Gaer said.

Spencer Yang, managing partner at BlockSpaceForce, a crypto treasury advisory firm, said more rate cuts could happen after September, ensuring the momentum extends well into the year-end.

“We’re now fully expecting rate cuts to happen in September. It will be the first cut since Trump became President this year. This is significant, and many more will come,” Yang said, calling new highs in the crypto market.

“The major 5 that we pay attention to: BTC, ETH, BNB, SOL, LINK. These will do well given the various parts of the crypto industry they impact,” Yang added.

Focus on ETF flows

Steve Lee, co-founder and managing partner at Neoclassic Capital and investor in BlockTower Capital, called Powell’s dovish turn a short-term constructive development for cryptocurrencies while stressing the importance of continued inflows into bitcoin and ether spot ETFs.

“I see this as constructive in the short term, and it may help reverse this week’s sell-off. The key question is whether this momentum holds beyond the low-liquidity weekend. Since BTC and ETH price action is increasingly institutionally driven, spot ETF flows today and Monday will be a strong indicator of whether we are set for another leg higher,” Lee told CoinDesk.

Lee highlighted Base, Monad, Story, and SUI as key projects of interest that he is closely monitoring in his capacity as an early-stage venture capitalist.

Gaer, meanwhile, favored Solana and the SOL ecosystem, including high-beta SOL tokens such as JITO and JUP. Raydium and PUMP on both a “fundamental and forward-demand basis.”

Potential headwinds

While Powell’s dovish stance has set the stage for a rally, traders should remain cautious about potential pitfalls from corporate treasury cryptocurrency adoption and volatility in equity markets.

“Digital asset treasuries (DAT) are an innovative vehicle for public market investors to gain exposure to the digital asset space. However, we have started to see the quality of DAT deals – from banking relationships, compliance, management team, and deal structure perspectives — dropping, which shows early signs of a ‘bubble,” Lee said.

Naqsdaq-listed Strategy started this trend of corporate BTC adoption in 2020. Since then, more than 100 publicly-listed firms have accumulated a total of 984,971 BTC, according to data source Bitcoin Treasuries.

“The trend may continue, but it is obvious that the risks associated with this are not ignorable,” Lee added.

Gaer called for closely tracking risks from an overheated equity market and “potential for macro or geopolitical shocks.”

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August 23, 2025 0 comments

Crypto Trends

ETHZilla (ETHZ) Shares Plunge Nearly 30% as Dilution Fears Overshadow $349M Ether (ETH) Treasury

by admin August 23, 2025

Shares of ETHZilla (ETHZ), formerly known as biotech firm 180 Life Science, fell nearly 30% Friday after the company disclosed that shareholders filed to offer up to 74.8 million convertible shares.

The offering sparked concerns about dilution, a process where existing shareholders’ stakes lose value as more stock enters the market. For investors, it means their ownership slice shrinks, even if the company’s overall value doesn’t change.

After the issuance of new shares, the outstanding shares of the company will rise by about 46% to 239.3 million from 164.4 million, according to the filing. The company won’t receive any proceeds from the shareholders selling their converted shares.

ETHZilla rebranded earlier this month into a crypto treasury company and disclosed that it holds 82,186 ether, worth about $349 million at current prices, alongside $238 million in cash equivalents. The ether was acquired at an average price of $3,806.71 per token. News of the pivot and the size of the holdings sent shares surging on Aug. 11, lifting the stock 80% year-to-date before Friday’s sharp reversal.

The strategic shift has also drawn heavyweight backers.

Peter Thiel, who has publicly supported Ethereum, holds a 7.5% stake in ETHZ through his Founders Fund. The fund also owns 9.1% of Bitmine Immersion Technologies, which recently raised $250 million to build its own ether reserves. Thiel’s involvement highlights a broader bet by influential investors that Ethereum could anchor the next generation of financial infrastructure.

Ether itself has regained momentum in 2025 after lagging behind other altcoins last year. The token is up 38% year-to-date, outpacing bitcoin’s 24% rise and the CoinDesk 20 Index’s 17% gain. For context, bitcoin climbed 121% in 2024 while ether added just 31%. The turnaround coincides with regulatory clarity in the U.S. that has prompted Wall Street institutions to adopt Ethereum as a base layer for launching new financial products and services.

Despite the surge in price and interest from investors, ETHZ shares moved against the broader trend on Friday. The Nasdaq, S&P 500 and Dow were all higher after remarks from Federal Reserve Chair Jerome Powell, while ether itself gained 9% in the past 24 hours.

The selloff underscores the tension between ETHZ’s promise as a large publicly traded ether treasury and investor unease about near-term dilution. While the company’s balance sheet puts it among the biggest ether holders in the corporate world, shareholders are weighing whether that promise can outweigh the risks of being cut into smaller pieces.

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August 23, 2025 0 comments