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Ethereum hits 4K as weekly ETF inflows exceed $1 billion
Ethereum climbs to $4,000 for the first time since March 2024, driven by ETF inflows and triggering $11 million in liquidations. Photo: AR Key Takeaways Ethereum surged past $4,000 with over $1 billion in ETF inflows during the past week. Ethereum’s latest surge prompts $11M in liquidations amid renewed market activity. Ethereum, the second-largest crypto by market capitalization, has surged past the $4,000 mark, a level it last reached in March 2024, driven by strong demand for Ethereum ETFs. This rally represents a 65% increase in Ethereum’s price over the past month, following Donald Trump’s win as the 47th President...
Sky Mavis Co-Founder: Trump Reign to Benefit DeFi and Web3
By Philip Maina 1 week agoSun Nov 24 2024 16:44:00 Reading Time: 2 minutes The Sky Mavis co-founder thinks Trump’s reign will benefit DeFi and web3 gaming The co-found believes that the outgoing administration stifled crypto and blockchain growth He added that Biden’s administration and the country’s securities watchdog used unclear laws to govern the crypto space Sky Mavis co-founder Jeffrey Zirlin thinks Trump’s presidency will support growth in the DeFi and web3 gaming sectors. Zirlin said that the outgoing Biden administration and the country’s securities watchdog used unclear laws to govern the blockchain world hence stifling innovations in the...
MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name
Homepage > News > Business > MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name MicroStrategy (NASDAQ: MSTR) is raising $42 billion to inflate the price of the BTC token because if founder Michael Saylor doesn’t pump these bags, who will? On October 30, MicroStrategy released its Q3 financial report card, revealing a sharp decline in revenue from its (formerly) core business intelligence software business, while expenses and net losses saw significant increases. Software revenue for the three months ending September 30 fell 10.3% year-on-year, while the rising costs of that revenue resulted in a net loss of $18.5...