Ethereum ETFs See Record $333M Inflows, Outpacing Bitcoin Funds as Catch-Up Trade Gains Momentum

Spot ethereum (ETH) exchange traded funds (ETF) in the U.S. saw record daily inflows on Friday, another sign that the second-largest cryptocurrency is gaining momentum as a catch-up trade after vastly underperforming bitcoin (BTC) this year. The nine products combined booked $332.9 million in net inflows during Friday’s shortened trading session, <a href=”https://farside.co.uk/eth/” target=”_blank”>data</a> compiled […]

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XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple’s RLUSD Close to Approval

XRP flipped a $100 billion market capitalization late Saturday as a multiweek rally showed no signs of pausing amid multiple catalysts over the past weeks. XRP zoomed nearly 10% in a 24-period from Friday to Saturday, reaching a local high of $1.92 to set prices previously seen in January 2018, when it briefly touched an

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Bitcoin Price Makes Another Run at $100K as U.S. Traders Return After Thanksgiving

One week after its first attempt, bitcoin (<a href=”https://www.coindesk.com/price/bitcoin” target=”_blank”>BTC</a>) is once again approaching the $100,000 milestone on Friday as crypto prices surged higher alongside the return of U.S. traders following Thanksgiving. The Coindesk Bitcoin Index climbed to a $98,690 session high during early U.S. hours, advancing 3.3% over the past 24 hours. The broad-market

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Bitcoin Set to Have Its Fourth Strongest Month Since October 2021

Nov. 30, is the last trading day of the month, so all eyes will be on bitcoin’s (BTC) monthly candle. Bitcoin is less than 4% away from the psychological wall of $100,000. While the <a href=”https://www.coindesk.com/markets/2024/11/25/bitcoin-options-worth-9-b-expire-friday-traders-may-be-thankful-for-the-post-thanksgiving-volatility” target=”_blank”>$9 billion worth of options expiry</a> for bitcoin has just expired, which has sent the token slightly higher on

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XRP Surges 14%, Nears $1.70 Level Last Seen in April 2021

Several fundamental and regulatory developments have pushed the <a href=”https://www.coindesk.com/price/xrp” target=”_blank”>XRP price</a> to levels not seen since April 2021, with bulls now <a href=”https://x.com/search?q=xrp%20%242&src=typed_query&f=top” target=”_blank”>eyeing the $2 mark</a> in a sign of renewed strength for the previously embattled token. XRP surged 14% in the past 24 hours, outpacing bitcoin and other major cryptocurrencies, extending a

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Ethereum ETFs Inflow Streak Sets Up ETH for New Lifetime Highs, Traders Say

A streak of inflows into U.S.-listed spot ether (<a href=”https://www.coindesk.com/price/ethereum/ ” target=”_blank”>ETH</a>) exchange-traded funds (ETFs), rising activity on the Ethereum blockchain and increased institutional trading interest could help the second-largest cryptocurrency by market cap surpass its three-year-old price record in the coming months. “ETH spot ETFs continue to record strong net inflows, totaling $90.1 million

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HyperLiquid’s Native Token Debuts at Fully Diluted $4.2B Market Cap

<a href=”https://www.coindesk.com/learn/what-is-a-dex-how-decentralized-crypto-exchanges-work/ ” target=”_blank”>Decentralized crypto exchange</a> HyperLiquid distributed its native token, HYPE, spurring demand that saw the price jump to $4.18 from an initial $3.2 and lifting the fully diluted value (FDV) to $4.2 billion There are 333 million of the planned 1 billion tokens in circulation after the airdrop, giving a market cap of

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Stablecoins Could Grow to 10% of U.S. Money Supply: Standard Chartered and Zodia Markets

Stablecoins could grow to 10% of the U.S. money supply and foreign exchange transactions once the sector becomes more legitimized, Standard Chartered (STAN) and Zodia Markets said in a report Thursday. Currently, the stablecoin market is equivalent to 1% of U.S. M2 and 1% of foreign exchange transactions, the report said. “As the sector becomes

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Crypto for Advisors: To Crypto or Not to Crypto?

In today’s issue, <a href=”https://www.linkedin.com/in/djwindle/” target=”_blank”>DJ Windle</a> from Windle Wealth looks at the risks advisors face when they can’t or won’t help clients who want exposure to digital assets. Then, <a href=”https://www.linkedin.com/in/hongzhesun/” target=”_blank”>Hong Sun</a> from Core DAO talks about custody and DeFi in Ask an Expert. Thank you to our sponsor of this week’s newsletter,

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