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U.S. Ethereum exchange-traded funds (ETFs) ended the week with a sharp rebound, reversing early August losses as investor sentiment turned positive. Data from SoSoValue show Ethereum ETFs recorded $222.34 million in net inflows on Aug. 8. BlackRock’s iShares Ethereum Trust (ETHA) led with $254.73 million, boosting assets under management to $12.35 billion. Fidelity’s Ethereum Fund…

Visa’s head of crypto, Cuy Sheffield, predicts the future will combine traditional and crypto payments as the stablecoin market reaches $269 billion, growing 62% over the past year with potential to expand to $2 trillion within three years. The payments giant has surpassed $200 million in cumulative stablecoin settlement volume while positioning itself as a…

The Public Utility Commission (PUC) of Texas has taken the unusual step of suing state Attorney General Ken Paxton in an effort to block the release of cryptocurrency mining data, arguing that public disclosure could endanger the state’s energy grid. Key Takeaways: Texas’s utility regulator is suing the state attorney general to block the release…

MicroStrategy (NASDAQ: MSTR) remains Bitcoin’s largest corporate holder, driving its stellar performance. Yet while BTC tests all-time highs, MSTR trails 20% below its peak – creating a compelling divergence.. In today’s article, we explore MSTR’s Elliott Wave blueprint and outline the bullish paths that may unfold next. The Correlation Divergence MSTR typically outperforms Bitcoin’s moves, offering traders…

Clearpool, a decentralized capital markets ecosystem, has partnered with on-chain credit risk management company Cicada in a move to institutionalize PayFi lending with improved risk management. In an announcement shared with Cryptonews on Monday, the partnership will boost Clearpool’s credibility and risk management in PayFi lending. Cicada will structure and underwrite PayFi lending opportunities and…

Wisconsin legislators are making a renewed push to rein in cryptocurrency kiosks, filing a second bill in two weeks aimed at curbing fraud tied to the machines. Key Takeaways: Wisconsin lawmakers have introduced twin bills to regulate the state’s 582 crypto kiosks. FinCEN reported a 99% surge in kiosk-related scams in 2024, with losses reaching…

FTX creditors have filed an updated class action lawsuit against Silicon Valley law firm Fenwick & West, alleging the firm was a “key” participant in the $8 billion fraud that led to the crypto exchange’s collapse. The complaint accuses Fenwick of having actual knowledge of the fraud while providing substantial assistance in its perpetration, including…

Ethereum (ETH) took the spotlight in the crypto market in July, as corporate holdings logged their largest monthly increase on record. Binance Research said in its monthly market insights report that balances held by companies climbed about 127% to more than 2.7m ETH ($11.6b). The rally was accompanied by an increase in the number of…

Ethereum’s latest rally to the $4,300 range has prompted a fresh wave of profit-taking, led largely by short-term holders. Key Takeaways: Short-term ETH holders are driving most profit-taking, realizing about $553M in gains daily. Overall profit-taking is still 39% below last month’s peak despite the recent rally. ETH trades near $4,283, with $2.23B in positions…

Payments giant Stripe is developing “Tempo,” a high-performance Layer 1 blockchain focused on payments, in partnership with crypto venture capital firm Paradigm, according to a job posting discovered on the Blockchain Association website. As per Fortune report, the stealth project represents Stripe’s most ambitious crypto initiative yet, building on its recent $1.1 billion acquisition of…