The US-based Ethereum ETFs (exchange-traded funds) have had a mixed performance over the past week. The crypto-linked products continued a woeful start to the month of August with consecutive withdrawals at the beginning of this week. However, US Ethereum ETFs haven’t taken much longer to turn their fortunes around and return to the path of positive inflows. This shift in investor sentiment can be associated with a recent executive order signed by United States President Donald Trump, allowing crypto investments in retirement (401 (k)) plans. Four-Day Inflow Streak Changes Ethereum ETFs’ Week According to the latest market data, the US Ethereum ETF market saw a total net inflow of $222.34 million on Friday, August 8. This positive performance for the crypto investment products confirmed a return of an optimistic sentiment amongst the US ETF investors. SoSoValue data shows that BlackRock’s iShares Ethereum Trust (with the ticker ETHA) witnessed the largest influx on the day, adding $254.73 million in value on Friday. This round of inflows further stretches the fund’s dominance as the largest ETH ETF, with net assets of $12.35 billion under management. Fidelity Ethereum Fund (FETH) and Grayscale Ethereum Mini Trust (ETH) followed ETHA, with $132.36 and $38.25 million total net inflow, respectively, on Friday. Grayscale ETH Trust (ETHE) is the only other Ethereum ETF with at least eight-figure capital inflows ($26.84 million) to close the week. Bitwise’s exchange-traded fund (ETHW) and Invesco’s ETH fund (QETH) were the other Ethereum ETFs that posted a positive inflow day ($7.83 million and $1.22 million, respectively) on Friday. In contrast, the others recorded no significant activity on the day. This $222-million performance marked the fourth consecutive day of net inflows for the exchange-traded funds . While the Ethereum ETFs registered massive investor withdrawals at the start of the week, totaling $465 million on Monday, August 4, the four-day inflow streak was enough to push the weekly record into positive territory. According to market data, the ETH exchange-traded funds saw $326.83 million in net inflows in the past week. Ethereum Price Breaches $4,200 The strong relationship between the performance of the spot crypto ETFs and prices was on display again this week, as the ETH price reclaimed the $4,000 level while the Ethereum ETFs resumed capital inflows. This shift in momentum came on the back of Trump’s executive order on retirement plans . As of this writing, the price of ETH has surpassed $4,200, reflecting an almost 9% increase in the past 24 hours. Meanwhile, the altcoin is up by more than 21% in the last seven days.
Supporters of the cryptocurrencies zano (ZANO) and freedom dollar (fUSD) donated $100,000 to honor Dr. Ron Paul’s 90th birthday, bolstering the ongoing Ron Paul Money Bomb initiative. Zano-Based Freedom Dollar Group Backs Ron Paul With $100K The donation celebrates Ron Paul’s lifelong advocacy for sound money and individual liberty. Paul, a former U.S. congressman and
Over the past weeks, the altcoins’ season (or the altseason) seems to be the biggest narrative in the digital asset market, leading virtually all conversations amongst the crypto crowd. This narrative is beginning to feel even more organic due to the strong performances of the largest altcoins, ETH and XRP, in recent weeks. Ethereum, the “king of altcoins,” has been on a relatively significant run in the last two months, reclaiming the $4,000 mark for the first time since December 2024. Meanwhile, the price of XRP has returned above $3, surging by more than 10% in the past week. However, the latest on-chain observation points that the altcoin season might only just be warming up and has not kicked in full gear just yet. The altseason, a period when mid/small-cap altcoins outperform BTC, is often marked by capital rotation from the largest cryptocurrency to the rest of the market. Last True Altcoin Season Was In Early 2024: Analyst In a recent post on the X platform, an on-chain analyst with the pseudonym Darkfost postulated that the altseason “has not really started yet.” This hypothesis comes despite the relatively improved performance of the altcoin market over the past few months, with various non-BTC assets leading the sector in gains. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction The rationale behind this Darkfost’s theory is based on the performance of various asset classes relative to Bitcoin over the last few months. The analyst compared the market cap growth of Bitcoin, large-cap altcoins (the top 20 largest altcoins), and mid-to-small-cap altcoins by calculating the difference between their 365-day and the 30-day moving average (MAs). Typically, the difference between the 365-day moving average and the 30-day moving average can be considered an indicator of growth momentum. Rapid market cap growth is witnessed when the short-term moving average (30-day MA) rises faster than the long-term moving average (365-day MA), while a lagging 30-day moving average indicates slow growth momentum. In their post on X, Darkfost noted that the altcoin market is having its weakest performance in this cycle relative to the premier cryptocurrency. As shown in the highlighted chart, the Bitcoin market capitalization currently outpaces the top 20 largest altcoins and the other mid-to-small-cap assets. According to the crypto analyst, this similar performance pattern was seen earlier in the year before the general market experienced a severe downturn. Nevertheless, Darkfost noted that the strongest action, which resembled a “true” altseason, happened back in the first quarter of 2024. Altcoin Market Capitalization As of this writing, the altcoin market is valued at over $1.55 trillion, reflecting an over 12% increase in the past seven days. Related Reading: Here’s Why The $4,000 Level Is Important For Ethereum From An Options Point Of View Featured image from Shutterstock, chart from TradingView
After Bitcoin and XRP, it’s now Ethereum’s turn to take center stage in what appears to be the start of its next major rally. $ETH has surged 15% in just the past three days . This move has propelled it past the $4K mark, a key psychological and technical milestone. So, why is $ETH rallying? Alongside its strong fundamentals, two recent developments have effectively hit Ethereum’s nitrous switch, sending it rocketing up the charts. Keep reading to discover what these developments are, how far $ETH could climb in its current rally, and how investing in Best Wallet Token ($BEST) , a utility-driven presale altcoin, can help you maximize gains from Ethereum’s surge. What’s Behind Ethereum’s Recent Surge: Two Major Catalysts First, on August 7, President Trump signed an executive order allowing 401(k) plans to include cryptocurrencies and other alternative assets. This move is being considered as a major step toward mainstream crypto adoption, as it gives everyday investors tax-advantaged exposure to one of the fastest-growing asset classes. Ira Auerbach, former head of digital assets at Nasdaq, noted that if implemented well, this could finally bridge traditional retirement savings with blockchain technology. Secondly, public $ETH treasury firm Fundamental Global filed a $5B shelf registration with the SEC , signaling strong institutional confidence in the asset. In simple words, it’s a regulatory approval that allows the company to quickly sell securities over time without seeking separate approval for each sale. The company aims to use the proceeds to acquire a significant position in Ethereum, one that would far exceed the size of current public $ETH holdings like SharpLink Gaming and Ether Machine. $ETH’s Surge Set to Ignite Altcoin Rally Michaël van de Poppe, co-founder of MN Trading Capital, recently expressed his bullish outlook on altcoins, stating that he remains “all-in” on them. This optimism is driven by the anticipation of an upcoming altcoin season that could deliver gains between 200% and 500% , fueled by Ethereum’s recent breakout and increased institutional interest. All in all, with Ethereum set to usher in a new dawn for altcoins, utility-driven tokens that actively contribute to crypto’s growth could be the biggest winners. And with over $14.5M in early investor funding, whale attention and hype are clearly pointing towards Best Wallet Token ($BEST) as the top contender. What is Best Wallet Token? $BEST is the native cryptocurrency of Best Wallet , a non-custodial crypto wallet designed to give first-time wallet holders – in an industry growing at a CAGR of 31.9% – the ideal gateway to crypto security while keeping things simple and intuitive for beginners. Best Wallet takes security to the highest level, leaving no stone unturned. For starters, it’s self-custodial, meaning you retain full control over your private keys – and, by extension, complete ownership of your assets without relying on third parties. On top of that, it offers an exhaustive suite of security features designed to protect your funds and data at every step. This includes safeguards against hacks, scams, and phishing sites, cutting-edge encryption techniques, and advanced multi-factor authentication options, including biometric login. Seamless & Beginner-Friendly From setting up your first wallet to swapping tokens across multiple blockchains, Best Wallet is designed from the ground up for ease of use. It even lets you create multiple Ethereum wallets so you can manage your crypto portfolio your way – for example, using one wallet for long-term holdings, another for DeFi trading, a third for NFTs, and a fourth for staking. Best Wallet’s standout feature, however, is its Presale Aggregator, which lets you buy the best meme coins on presale from directly within the app. So, unlike other free crypto wallets , you don’t have to head over to external presale sites, connect your wallet there, and then return to your wallet to authorize the transaction. With Best Wallet, the entire process is seamless, fast, and secure, with the internal team vetting each token before it’s listed to protect users from scams and rug pulls. Buy $BEST While It’s in Presale for Maximum Gains Best Wallet Token hasn’t yet launched on exchanges, meaning prices are still near their lowest. Backed by over $14.5M in early investor funding so far, each token is currently priced at just $0.025455. According to our $BEST price prediction , the token could climb as much as 2,300% by 2026, potentially reaching $0.62. This bullish outlook stems largely from Best Wallet’s aggressive growth plans, as it aims to capture more than 40% of the non-custodial crypto wallet market by 2027. Even better? Buying $BEST unlocks a host of exclusive in-platform perks, including: Reduced trading and gas fees Voting rights on key platform decisions Early-bird access to new meme coins on presale Staking rewards, currently yielding 92% APY Visit $BEST’s official presale website for more information. Wrapping Up Ethereum’s recent surge past $4K is being hailed as a clear sign that the altcoin market could be nearing an explosion. And Best Wallet Token ($BEST) , thanks to its utility-driven approach and massive presale interest, is perfectly positioned to ride this wave to potentially massive gains. That said, please keep in mind that the crypto market is highly volatile, and investments in it are risky. None of the above is financial advice, so kindly do your own research before investing.
ETH open interest on Binance surged by $681 million in just 24 hours, indicating strong trader positioning around the $4,136 price level, suggesting potential market volatility. Binance recorded a $681
Jeffrey Wilcke, one of the co-founders of Ethereum and a primary developer of the Go Ethereum (Geth) client, transferred 9,840 ETH ($9.22 million) to the Kraken exchange about an hour ago. Wilcke transferred 105,737 ETH to eight new wallets three months ago and currently holds 95,897 ETH ($401.6 million). According to on-chain data, Wilcke's other known wallet also holds 268,732 ETH ($1.13 million), 1.13 million Status (SNT) tokens ($32,920), and 951,264 Ethereum Name Service (ENS) tokens ($27,940). Related News: Big Mistake by BitMEX Founder Arthur Hayes: Lost Millions of Dollars in Ethereum Wilcke, who founded Ethereum in 2014, played a critical role in the development of ETH's core technology and was particularly prominent in the development of the Go Ethereum (Geth) software. This client is known as one of the most widely used software accessing the ETH blockchain. The price of ETH has been the subject of much debate recently due to its recent surge. The largest altcoin, which has surged 21% in a week, is trading at $4,217 at the time of writing. *This is not investment advice. Continue Reading: Ethereum Begins Major Rally, One of Its Founders Sells Again – Here Are the Details
El Salvador’s new Investment Banking Law allows investment banks to hold Bitcoin, enhancing the country’s appeal as a crypto hub for sophisticated investors. Investment banks can now offer crypto services
The new law will allow investment banks, which can underwrite companies, issue securities, and are institutionally focused, to hold BTC.
This comes as circulating supply finally hits the $121 million mark.
The crypto market is buzzing with big moves and exciting opportunities. Tron (TRX) is holding steady near $0.33 as whale buyers add over 1.3 billion coins, sparking hope for a price jump above $0.34. Meanwhile, XRP has faced a sharp drop below $2.92 after massive liquidations wiped out $358 million, leaving traders cautious. Amid this, Cold Wallet (CWT) is stealing the spotlight. Its presale has raised over $5.8 million, with prices climbing 34.5% so far and a potential return of more than 3,700% on the horizon. Cold Wallet offers a secure way to store crypto while rewarding users, making it one of the most talked-about projects right now. If someone is looking for fresh crypto opportunities, Cold Wallet is worth a close look. Tron TRX Forecast Hovers At $0.33 With 1.3B Whale Buys Tron (TRX) continues to stay near $0.33 even as the market shows signs of slowing. Whale wallets have picked up more than 1.3 billion TRX recently, and this has brought back some positive outlook for the Tron TRX forecast. Traders are watching closely as the price tries to break past the $0.34 mark. If momentum picks up, it could open the door to $0.40 and even $0.48. Still, not everything looks strong. The Money Flow Index and other signals suggest that buying power hasn’t fully caught up yet. Right now, the outlook depends on TRX holding steady above $0.32. A strong weekly close could give bulls the push they need to aim higher and reach new price levels in the coming days. XRP Drops Below $2. 92 After $358M Liquidations In A Day XRP fell sharply this week as leveraged trades were wiped out in one quick move. The XRP price drop came after long positions were forced to close, sending the price down nearly 3% in just one day. XRP fell past support and hit $2.80 before a small bounce, only to slide again by 4% the next day. It now stays below $2.92. This drop came after an extreme 7,676% gap between long and short positions. More than $358 million was cleared out from the market. While XRP did touch its 50-day EMA during the fall, indicators like RSI and MACD show that buyers are still not ready to return in full. The short-term picture remains uncertain for XRP. Cold Wallet Presale Raises $5.8M With 3,700% ROI Potential Cold Wallet has quickly become a standout in the market. It is not just gaining attention; it is pulling in serious numbers. Over $5.8 million has already been raised, and the project is moving fast through its presale stages. Stage 17 is now live, and the price has reached $0.00998, up from just $0.007 in Stage 1. That is a solid 34.5% increase, but the potential for more remains strong. What sets Cold Wallet apart is its launch price target. The listing is expected at $0.3517, which gives a clear path to a projected 3,700% return. Those entering at $0.00998 could see nearly 3,700% ROI, based on current price and future listing estimates. 643.72 million coins have already been sold, and each new presale stage sees even more traction. The idea behind Cold Wallet is both clear and useful. It stores digital assets securely, but it also rewards users through cashback on swaps, gas fees, and even fiat use. All rewards come in CWT, the core asset of the ecosystem. It is a structure that gives something back instead of taking it away. As more people buy in, the available upside becomes smaller. Cold Wallet stands out as one of the rare options where the price is still low, the utility is real, and the growth potential is not yet gone. Conclusion Caution continues to shape the current crypto landscape. Tron (TRX) has managed to hold above $0.33 while whales gather over 1.3 billion coins. However, stronger price moves still need a solid weekly close, and momentum remains soft. XRP has seen even more pain with a 3% drop and $358 million in liquidations pushing it under $2.92. Weak signals make traders hesitant. In contrast, Cold Wallet is gaining fast. Over $5.8 million has already been raised, 643.72 million coins sold, and the price has jumped by 34.5% since launch. With a possible 3,700% ROI still on the table, Cold Wallet has become one of the most followed crypto stories right now, and for many, it is the one to watch. Explore Cold Wallet Now: Presale: https://purchase.coldwallet.com/ Website: https://coldwallet.com/ X: https://x.com/coldwalletapp Telegram: https://t.me/ColdWalletAppOfficial The post Cold Wallet’s $5.8M Surge Sparks Hype Amid Tron Whale Buys And XRP’s $358M Liquidation Storm appeared first on TheCoinrise.com .