Positive newsflow, a change in investor sentiment and steady ETH ETF buying could help Ether rally above $2,700. Key point: Ether aims to establish a new trend, but bulls need to secure a daily close above $2,635 first. Ether’s (ETH) price has been in a range for several days, but institutional investors seem to be silently accumulating. Ether exchange-traded products (ETPs) recorded $225 million in inflows for the trading week ended Friday, according to CoinShares data. It was the 11th successive week of inflows into Ether ETPs. Read more
RerserveOne is headed by Jaime Leverton, who has been involved with Bitcoin mining companies Hut 8 and Riot Platforms. ReserveOne, a digital asset management company, will go public through a merger with M3-Brigade Acquisition V Corp., the company announced on Tuesday. The transaction is expected to generate more than $1 billion in gross proceeds that will back up the companies’ crypto reserve strategy through the accumulation of Bitcoin (BTC), Ether (ETH), and Solana (SOL), among other digital assets. “By moving towards a public listing, we’re reinforcing our commitment to responsible innovation, financial inclusion, and the development of a more resilient, transparent market for digital assets,” Jaime Leverton, CEO of ReserveOne, said in a statement. Read more
Bitcoin’s trading range tightens as bulls buy minor corrections while pushing BTC’s average daily trading price higher. Key point: Bitcoin is finding support at $107,245, showing investor sentiment remains positive, and every minor dip is being purchased. Bitcoin (BTC) is attempting to bounce off the moving averages, indicating buying on dips. Although the price is just below the all-time high of $111,980, it is not yet in the overvalued zone. CryptoQuant contributor Axel Adler Jr. said in a post on X that the Mayer Multiple at 1.1x was “within the neutral zone (0.8–1.5х).” Read more
The CEO, who was just appointed in June, is also listed among the management of Japan-based crypto exchange BITPoint. Takashi Tashiro, the new CEO of Tokyo-based energy company Remixpoint, will be paid in Bitcoin as part of stated efforts to be “in the same boat” as shareholders, the company said in a statement on Tuesday. Remixpoint said it will calculate Tashiro's salary and taxes, purchase the equivalent amount in Bitcoin (BTC) and transfer it to a wallet the CEO designates. The move is as part of a “shareholder-oriented management,” the company said. “The remuneration in this case will be paid in Japanese yen in format based on the appropriate organization of the Company Act and taxation,” a translated version of the statement reads. ”On top of that, we plan to acquire Bitcoin (BTC) equivalent to the same amount at the market price with Japanese yen, which is equivalent to the full amount of the payment, and deliver it to the crypto asset wallet designated by the President and CEO.” Read more