An emerging ETH futures trend is predicting an Ether price rally to $4,100, but other data says the altcoin is overdue for a slight correction. Ether (ETH) is trading near $3,300, and one futures market trend points to another 10% to 25% upside move. However, the market may first see a liquidation-driven price dip before any sustained rally develops. Key takeaways: Ether’s Leverage Ratio is near 0.60, a level that has historically preceded 10% to 25% rallies after short pullbacks. Read more
The legislation would allow the state‘s treasury to hold digital assets with a market capitalization of more than $750 billion, which applied only to Bitcoin as of January. West Virginia State Senator Chris Rose has proposed legislation amending the state’s code to allow the treasury to invest up to 10% in precious metals, certain digital assets and stablecoins. In a bill introduced to the West Virginia legislature on Wednesday, Rose proposed that the state’s Board of Treasury be allowed to invest in precious metals, digital assets with a market capitalization of more than $750 billion from the previous calendar year and stablecoins. The bill, called the Inflation Protection Act, if passed and signed into law, could give the state’s treasury exposure to Bitcoin (BTC), the only cryptocurrency to meet the market cap requirement as of January. According to the text of the bill, any digital asset acquired by the state’s treasury could be held by a qualified custodian, in an exchange-traded product or through a se...
Untagged Bitcoin blocks sparked solo-miner speculation before NiceHash confirmed they were mined during internal testing, highlighting limits of onchain attribution. Social media buzzed this week after Bitcoin blocks 932129 and 932167 were mined without an immediately visible pool tag, prompting speculation that a solo miner had struck it rich, a familiar “Bitcoin lottery” narrative that briefly captured the market’s attention. The excitement, however, had less to do with the blocks themselves than with what their apparent mislabeling revealed about how Bitcoin mining attribution works. It also revealed how quickly assumptions can take hold. Amid the speculation, NiceHash emerged as the miner behind both blocks. NiceHash operates a hashrate marketplace that connects miners with buyers of computing power, rather than running a traditional mining pool. Read more
Brian Armstrong posted to social media late on a Wednesday saying Coinbase couldn't “support the bill as written,“ potentially leading to a postponement in consideration. Coinbase CEO Brian Armstrong has weighed in on the future of a cryptocurrency market structure bill under consideration in the US Senate less than 24 hours after he said the exchange could not support the current version of the legislation. In a Thursday CNBC interview in the US Capitol building, Armstrong spoke after posting on X Wednesday that Coinbase was pulling its support for the CLARITY Act, a bill to establish digital asset market structure. Members of the US Senate Banking Committee had been scheduled for a markup of the bill on Thursday, which was postponed following Armstrong’s post. “We developed this concern that if [the bill] went into a markup, the only way to edit some of that base text would have been through an amendment, and amendments had already been submitted,” said the Coinbase CEO. “And so we didn’t think it was prud...
In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system. Bank of America CEO Brian Moynihan warned that interest-bearing stablecoins could pull as much as $6 trillion out of the US banking system, arguing that large-scale deposit migration would reduce lending capacity and push borrowing costs higher. The comments surfaced after a crypto investor shared a screenshot from Bank of America’s earnings call transcript on X. During the call, Moynihan pointed to Treasury-cited studies showing that a significant share of bank deposits could shift into stablecoins if issuers are allowed to pay interest. He said such products would function more like “a money market mutual fund concept,” with funds held in cash, central bank reserves or short-term Treasurys rather than deployed for lending. Read more
Increasing Bitcoin whale balances highlight reaccumulation, aligning with renewed spot BTC ETF inflows. Will $100,000 become support soon? Data shows Bitcoin’s (BTC) largest holders reaccumulating coins after a period of heavy distribution. Data indicates that whale balances have turned higher following the sharpest sell-off since early 2023, while the mid-sized holders continue to reduce exposure. Key takeaways: Whale addresses added 46,000 BTC this week, turning the one-year net change positive for the first time since Q4 2025. Read more