Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
Markets
BlackRock’s Spot Bitcoin ETF Records Biggest Inflows Since April as BTC Hovers at $70K
Bitcoin spot ETFs in the U.S. have seen net inflows of over $1.4 billion in the past week after a timid first half of the month.
Ether Market Cap Adds Close to an Entire Solana Blockchain in a Single Day
SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be.
Donald Trump-Themed Meme Coins Breed Crypto Millionaires as MAGA Token Surged
Analysis by Nansen shows that early TRUMP holders made an ROI of over 1,600% from the PoliFi token.
Ether Rally Prompts Over $300 Million ETH Inflow to Crypto Exchanges: Nansen
The fast move likely signals short-term profit taking after ether’s rapid 30% rally, one observer noted.
MOG, PEPE Rocket as Traders Search for Ether Beta Bets
Meme coins have been increasingly seen as a way to bet on the growth of the underlying network they are issued on.
Ether ETF Hopes Drive Futures Open Interest to Record $14B
The notional open interest, or the dollar value locked in the number of active ether futures contracts, surged by 25% in a single day.
Bitcoin Surges Over $71K as Ether ETF Hopes Lead to $260M in Short Liquidations
Some traders expect ether prices to reach as high as $4,000 in the coming days, with odds of an ether ETF approval raised to 75%.
Ether Surges 17%, Polymarket Approval Chances Rocket as ETF Makes Regulatory Progress
The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed.
Ether Jumps 10% to $3.4K After Bloomberg Ups Odds of Spot ETF Approval
Markets previously had mostly priced in SEC rejections of the proposed funds beginning this week.