ETH is showing clearer signs of bullish momentum across the market.
Stablecoin platform Agora has secured $50 million in a Series A funding round led by crypto venture firm Paradigm, with additional support from Dragonfly Capital. Key Takeaways: Agora raised $50 million in a Series A round led by Paradigm to expand its stablecoin platform. The funding arrives as US regulators advance stablecoin legislation with the recent passage of the GENIUS Act. Agora’s AUSD stablecoin operates across multiple blockchains and serves major clients. The fresh capital aims to accelerate the rollout of Agora’s all-in-one system for issuing and managing stablecoins, as well as to launch a new white-label product that allows enterprises to create branded stablecoins without handling the underlying infrastructure. “This milestone enables us to accelerate the development of Agora’s full-stack platform for stablecoin infrastructure, purpose-built to support the next generation of digital finance applications,” the firm wrote on X . Agora Stablecoin Funding Arrives as US Regulatory Momentum Builds The funding announcement comes amid growing regulatory momentum in the United States. In June, the Senate passed the GENIUS Act , which establishes a framework for the issuance and trading of stablecoins, signaling a potential path to broader adoption in the country. Agora was co-founded by Nick van Eck, son of renowned fund manager Jan van Eck, alongside crypto veterans Drake Evans and Joe McGrady. The latest round follows a $12 million seed raise in April 2024. Agora’s native stablecoin, AUSD, is already live across multiple blockchains including Ethereum, Solana, Polygon, Avalanche, and Arbitrum. The platform’s clientele includes firms like Nonco, Flowdesk, VanEck, Conduit, and Plume Network. Backed by cash, U.S. Treasury bills, and repurchase agreements, AUSD has yet to launch for U.S. customers but has gained traction internationally. The platform offers developers and institutions programmable digital dollars, enabling greater flexibility in stablecoin issuance and management. We are thrilled to announce that Agora has raised a $50 million Series A round, led by @paradigm and with additional participation from @dragonfly_xyz . This milestone enables us to accelerate the development of Agora’s full-stack platform for stablecoin infrastructure,… pic.twitter.com/AtC4po2iSN — Agora (@withAUSD) July 10, 2025 Amid renewed interest from major financial firms such as Visa, Mastercard, Stripe, and PayPal, stablecoins are gaining attention as key tools for blockchain-based payments and settlements. Stablecoin Market to Hit $2 Trillion in Coming Years On Wednesday, Ripple CEO Brad Garlinghouse said the stablecoin sector is poised for explosive growth, projecting the market could balloon from its current $250 billion capitalization to as much as $2 trillion in the near future. “Many people think it will reach $1 to $2 trillion in a handful of years,” Garlinghouse said, adding that Ripple is positioned to benefit from that trajectory. Stablecoins have emerged as one of crypto’s rare success stories, capturing the attention of corporations and regulators alike. Recent reports that Amazon, Walmart, and other major companies are exploring stablecoin payments sent ripples through traditional finance, briefly pushing stablecoin transaction volumes ahead of Visa’s in 2024. Frank Combay of Next Generation said regulatory clarity , especially Europe’s MiCA framework, has unlocked stablecoins’ growth potential by removing the biggest barrier: uncertainty. He believes stablecoin ecosystems can reduce transaction costs by over 90% and are becoming increasingly attractive to both consumers and corporations. The post Agora Raises $50M Series A Led by Paradigm to Expand Stablecoin Platform appeared first on Cryptonews .
Summary Ethereum has underperformed Bitcoin significantly since the launch of spot ETH ETFs in the US, declining 22% versus Bitcoin's 64% gain. Despite Ethereum's lagging price action, some investors and companies, like Bit Digital, are making sizable bets on ETH over BTC. There is some merit to the recent hype surrounding ETH given stablecoin footprint, stablecoin transfer volume, and tokenized asset trends. The Fidelity Ethereum ETF is my preferred ETH-proxy due to its reasonable fee and custody self-reliance. As we approach a full year with spot Ethereum ( ETH-USD ) ETFs in the United States, the price performance of the underlying asset has utterly disappointed against that of Bitcoin ( BTC-USD ). Data by YCharts In fact, since the launch of spot ETH funds in the US, Ethereum has actually declined by nearly 22% while Bitcoin has grown by close to 64% and just made yet another all time high mark just under $114k per coin. In spite of that, with the 'Bitcoin Treasury' narrative in the public markets getting increasingly crowded and competitive, big bets are being made on Ethereum - most notably from SharpLink Gaming ( SBET ) back in May as well as from Bit Digital ( BTBT ) more recently; the latter being a company that I hold and have covered roughly a dozen times through the years. Is the Ethereum Treasury flavor of 2025's crypto capital raise bonanza warranted on any fundamental justification? This article covering the Fidelity Ethereum ETF ( FETH ) will aim to assess if it's finally time to long ETH and its many proxies rather than the Bitcoin-adjacent products and equities that have done so well year to date. Year To Date Capital Flows Versus ETH Market Dominance 2025 has been good for Digital Asset investment products. The asset class is running on twelve consecutive weeks of positive net flows and is coming in at just under $19 billion in net investment demand year to date: Asset (mil$) MTD Flows YTD Flows AUM Bitcoin $719 $15,719 $164,182 Ethereum $202 $3,086 $15,864 Multi-asset -$10.7 $60 $4,103 Solana ( SOL-USD ) $21.6 $113 $1,436 XRP ( XRP-USD ) $10.6 $335 $1,409 Total $947 $18,962 $188,156 BTC Dominance 75.9% 82.9% 87.3% ETH Dominance 21.3% 16.3% 8.4% Source: CoinShares/Bloomberg, as of July 4th Ethereum's share of this net flow is interesting. While BTC is still clearly driving the bus in the industry, ETH has started to take a larger share this year and this summer. Of the total $188.2 billion in AUM, ETH claims just an 8.4% share of the market. ETH Dominance (CoinMarketCap) This is somewhat in line with the 9% share of total digital asset market capitalization shown in the chart above. Yet, there is a clear change happening. Year to date, ETH is pulling in 16.3% of net flow and 21.3% through the first few days of July. That's a small sample size, to be sure, but similar to the 23% share exhibited during the month of June. The point is, digital asset investors and corporate treasury stewards are increasingly betting on ETH. Why? Is There Justification For ETH Excitement? From a raw activity standpoint, Ethereum is still far from what I'd call irrational exuberance. Metrics like daily active addresses or monthly transactions show generally positive trends over the last year. That said, fees are a big part of this ecosystem, and Ethereum generated $39.1 million in monthly fees in June. While that was actually ahead of Solana for the first time since December, June fees were still well below the highs of last year and not even remotely close to the highs from the prior bull cycle. Monthly Fee Trend By Chain (Artemis) That said, Ethereum is still seeing growth in key areas. For instance, in the all-important stablecoin segment of the market, Ethereum has the largest share of any blockchain network and continues to see growth in monthly transfer volume: Monthly Ethereum Stablecoin Transfer Volume (Artemis) June marked the fourth consecutive month where Ethereum processed at least $1 trillion in stablecoin transfers. Though Base ( COIN ) actually beat Ethereum in the metric during the month, Ethereum beat Solana, Base, and Tron ( TRX-USD ) in stablecoin transfer volume in 3 of the last 4 months. Asset tokenization is an area that has been generating some headlines lately with Hester Peirce of the SEC recently insinuating that tokenized stocks are indeed still securities. Ethereum does not have a large share of the $427 million tokenized stocks market cap, but it is crushing the competition in tokenized treasuries: Tokenized Treasuries (RWA.xyz) As of article submission, the total market cap of tokenized treasury products across all blockchains is $7.5 billion. Of that number, Ethereum has a commanding 77% share of the market and is by far the largest recipient of BlackRock's ( BLK ) Institutional Digital Liquidity Fund (BUIDL-USD) with $2.6 billion of that $2.8 billion product. My personal view is we are still in the early stages of asset tokenization. It's something that I wrote about specifically pertaining to Ethereum exactly two years ago, and it's terrific to see the thesis beginning to take shape. FETH Is Still A Solid Choice For ETH Exposure I wrote about the Fidelity Ethereum ETF back when it launched in 2024 and have not updated my view since. I still like this fund, and it's my primary vector for ETH exposure at this point in time. Fund Details Ticker FETH Inception 07/22/2024 Expense Ratio 0.25% AUM $1.45B Source: Grayscale Fidelity's ETH product is not the cheapest at 0.25%, though it is very much in line with the market. It isn't the largest fund by AUM at $1.45 billion. But it is the only fund that self-manages the ETH assets rather than relying on Coinbase ( COIN ) for custody services. This minimizes third-party risk and potentially keeps fees lower longer term should Coinbase ever decide to raise the price on custody. Most importantly, the fund performs in line with the market. Data by YCharts I don't see much of a downside in picking FETH over something like ETHA, despite the large AUM disparity. If anything, I think giving away a couple bps is worth the third-party risk minimization. Risks To FETH and ETH In many ways, what we're witnessing in the market today could be a sign of very late-cycle behavior. Not just for equities but for digital assets as well. The proliferation of public companies looking to raise capital with the promise of scaling digital asset treasuries could certainly be viewed as an alarming trend. The masters of this craft over in Tysons Corner, Virginia, are actually experiencing compression in mNAV: MSTR mNAV 1yr (StrategyTracker) Strategy ( MSTR ) currently has an mNAV multiple of 1.9x. This is closer to a 1 year low than a 1 year high and perhaps an indication that the appetite for any and all equity premiums over digital asset values isn't actually limitless after all. Just because buying Bitcoin at any price has worked so well for the MSTR, it does not mean every company that buys BTC, ETH, or SOL will be able to generate the same positive flywheel that Strategy just pulled off over the last 28 months. So if one is buying ETH under the assumption that an ETH-based Strategy-type actor will emerge and pump everyone's bags, I wouldn't hold my breath. Final Takeaways Despite what I view to be fairly obvious risks, longing Ethereum and products like FETH could well provide long-term gains in an environment where tokenization takes a larger share of global assets. Ethereum is the top network for stablecoins and tokenized treasuries. It's still home to several of the top protocols in DeFi, like AAVE ( AAVE-USD ) and Uniswap ( UNI-USD ). And it could certainly benefit from taking a larger share of tokenized stocks should Ethereum prove to be the winning network as far as TradFi actors like Blackrock are concerned. Until there is a viable staking ETF in the US market, FETH is still my preferred long-ETH product for long-term investors.
ETF Flows: 10 Jul 2025 Bitcoin ETFs: $1175.6M net inflows Ethereum ETFs: $383.1M net inflows $BTC #Bitcoin $ETH #Ethereum
Bitcoin maintains a robust position above $111,000, exhibiting no immediate chart resistance and signaling the potential onset of a new bull market. Trading volume has surged by over 35%, reinforcing
Bitcoin surged to a record high of $116,664 on Thursday, lifted by accelerating institutional demand, surging ETF inflows and renewed political tailwinds from the Trump administration. The latest rally caught traders off guard and triggered the highest wave of liquidations in years, signaling a powerful shift in momentum. As of 11:15pm ET, Bitcoin had broken past the earlier high of $113,734 set just hours prior. The world’s largest cryptocurrency is now up roughly 24% year-to-date, with analysts eyeing $130,000 as the next key level. The latest price spike came as market structure turned decisively bullish, according to 10X Research. Traders Rush to Reposition After Quiet Volatility Triggers Bullish Setup In a note to clients, the firm said a short-term breakout signal had been triggered, historically followed by median gains of 20%. That would imply a price target near $133,000 by September. The Crypto Fear & Greed Index is now in the "Greed" zone after $BTC hit a new ATH earlier today. Where do you stand on the scale? pic.twitter.com/c4LkrLF1fH — CoinGecko (@coingecko) July 11, 2025 “Our trading signals indicate that this short-term breakout carries a 60% probability of further upside over the next two months,” Markus Thielen, founder of 10X, told Cryptonews. Behind the scenes, the landscape has been quietly shifting. Implied volatility recently hit its lowest levels in months, giving traders cheap access to upside bets. At the same time, many had been underexposed following June’s options expiry, leading to a scramble to reposition. Over $1B in Short Positions Liquidated as Bitcoin Blasts Higher Adding fuel to the rally, over $1.14b in leveraged positions were liquidated in the past 24 hours alone, according to data from CoinGlass . Of that, nearly $1.02b came from short traders. BREAKING: OVER $1 BILLION WORTH OF SHORTS ON CRYPTO LIQUIDATED IN THE PAST 24 HOURS pic.twitter.com/jlLixbWanA — DEGEN NEWS (@DegenerateNews) July 11, 2025 Bitcoin accounted for more than half of the total carnage, with $591m in liquidations. Ethereum saw $241m wiped out, while smaller tokens like Hyperliquid, Solana and XRP also saw heavy losses. Trump Policies, $15B in ETF Buys Add Fuel to Bitcoin’s Fire This new wave of volatility comes as Trump’s crypto-friendly policies gain traction. In March, the president signed an executive order to establish a national crypto reserve. His administration has since appointed pro-crypto voices to key positions, including SEC’s Paul Atkins and AI policy lead David Sacks. Meanwhile, Trump-linked businesses are deepening their involvement. Trump Media & Technology Group recently filed to launch a crypto ETF that would hold multiple tokens, including Bitcoin. With steady ETF demand, easing macro conditions and regulatory tailwinds, many traders now see this breakout as the start of a broader uptrend. “Bitcoin may be transitioning into a higher trading range,” said Thielen. “Since mid-April, Bitcoin ETFs have bought $15b worth of BTC and they are causing prices to rally.” As crypto markets heat up once again, all eyes are on next week’s US CPI print and the start of “Crypto Week” in Washington, both of which could offer fresh catalysts, or risks, for the world’s most closely watched digital asset. The post Bitcoin Soars to Fresh Record at $116K, Forecasts Hint at $130K by Fall appeared first on Cryptonews .
The crypto market is showing extremely bullish signals today, with the total crypto market cap rising 1.2%. Bitcoin is up over 5% over the past 24 hours, currently trading just above $116,500 at an all-time high. Ethereum has continiued its positive momentum today as it trades around $3,000, up 7%. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for July 11, 2025 – Bitcoin Races Towards $120K, ETH Nears $3K Amid Bullish Frenzy appeared first on Cryptonews .
Crypto memecoin platform Pump.fun has made a strategic move by acquiring Kolscan, a wallet-tracking tool, ahead of its ambitious $1 billion ICO launch. This acquisition aims to enhance Pump.fun’s ecosystem
On July 11, Gate Alpha’s official data revealed that the leading cryptocurrencies by daily trading volume on July 10 were MRBEAST, VELVET, and MANYU. This highlights the growing market interest
In a rare but potentially telling market shift, Ethereum futures volume overtook Bitcoin’s over a 24-hour period, recording $62.1 billion compared to BTC’s $61.7 billion on July 10. This reversal, highlighted by market analytics platform Glassnode, may suggest a subtle but meaningful rotation in trader sentiment. While the OG cryptocurrency remains the market leader in price and dominance, Ethereum’s uptick could point to growing confidence in its ecosystem. Catalysts Driving the Ethereum Surge Several converging factors could explain this sudden dominance, including growing institutional confidence in the second-largest crypto by market cap, as evidenced by Bit Digital’s recent move to convert its entire $173 million BTC treasury into Ethereum. We also recently saw deep-pocketed investors scoop up 200,000 ETH worth more than half a billion dollars over a two-day period. Not only did they boost their collective holdings to 22% of ETH’s supply, but they also indicated their long-term conviction in the asset. Additionally, there’s anticipation building around potential approvals by the U.S. Securities and Exchange Commission (SEC) of staking within spot Ethereum ETFs. According to K33 Research, this could push up the price of ETH far more significantly than has been done by technical upgrades to the network. And while Bitcoin may have reached a new all-time high (ATH) past $113,000, the flip arrived just as ETH recorded a sizable uptick of its own, hitting $2,810 at one point, to move closer to a key resistance level not breached since February. Analysts like Daan Crypto Trades argue that a break above $2,800 could trigger liquidations that would ignite “a lot of momentum,” which might see Ethereum reach $3,000 and beyond. Market Mechanics Interestingly, during BTC’s run to the new ATH, Glassnode observed a curious shift in the structure of the futures market. In late June, rising Bitcoin prices were met with declining open interest, possibly indicating short squeezes; however, this time, open interest went up alongside BTC’s price, suggesting fresh long positions were entering the market. Despite Ethereum’s strong showing, caution remains warranted. Bitcoin still commands a greater share of institutional products and remains the macro barometer for crypto. The post Rare Flip: Ethereum’s $62.1B Futures Volume Tops Bitcoin’s $61.7B appeared first on CryptoPotato .