The post Why former Bank of America strategist sees an Ethereum ‘tactical bottom’ appeared on BitcoinEthereumNews.com.
Stephen Suttmeier, former Head of Technical Strategy at Bank of America, believes Ethereum could be forming a “tactical bottom.” In his recent analysis report, Suttmeier said that if the price stays above $1690-$1700, it would support his thesis of the altcoin forming a tactical low above its June lows. Another confirmation for this bottoming pattern would be a reclaim of $1800. His projection was based on technical analysis, particularly using moving averages (MA) to gauge short- and long-term momentum shifts. As of press time, the Ethereum [ETH] price has briefly stalled below the 50-day MA (DMA). Should the 50DMA be decisively reclaimed as support (ETH price above $1800), the next upside target would be the 200-day MA(blue line) at $2.2K, Suttmeier added. That would imply a 25% upside potential if the $2.1K obstacle is cleared. Source: ETH/USDT, TradingView In fa
The post 5 Altcoins Stand to Gain From Tokenized Stocks, Grayscale Says appeared on BitcoinEthereumNews.com.
Grayscale has named five blockchains best positioned to gain as tokenized stocks push deeper into traditional finance. The asset manager pointed to Ethereum (ETH), Solana (SOL), Avalanche (AVAX), BNB Chain, and Canton Network. A new research note frames tokenized equities as one of the clearest signs of blockchain entering mainstream markets. Grayscale sees three models driving that shift, and each rewards a different set of networks. Three Models Moving Tokenized Stocks Onchain Grayscale head of research Zach Pandl laid out the three phases in the note. The first is the wrapper model, where a token represents shares held inside a special purpose vehicle. That structure holds more than 70% of tokenized stock value today. These wrapped tokens give holders price exposure rather than direct ownership. They appeal to retail traders because they fit decentralized finance and trade ar
The post 1 Bullish Sign XRP Price May Break Out This Month appeared on BitcoinEthereumNews.com.
XRP price climbed 1.27% to $1.10 as the wider cryptocurrency market recorded renewed gains during active Friday trading. Bitcoin price rose 1.48% to $64,002, while Ethereum advanced 3.03% to $1,790. The overall crypto market rose by 1.54% to reach 2.19 trillion. The focus now shifts to the CLARITY Act in July. CLARITY Act Moves Closer to Senate Action H.R. 3633 was passed by the House on July 17, 2025 and received 294 votes in support. Another 134 representatives opposed the measure. The bill intends to have a national framework on the trading, supervision, and protection of digital assets. It also divides regulatory duties between the SEC and CFTC. The Senate Banking Committee advanced the proposal on May 14, 2026, through a 15-9 vote. That vote brought the bill further towards Senate action. In the case of XRP, increased regulation might lessen ambiguity regarding the classification of to
Bitmine's massive ETH holdings could influence market liquidity and create concentration risks, impacting Ethereum's price stability and investor strategies.
The post Bitmine acquires $36M in Ethereum, boosting treasury holdings to 5.7 million ETH appeared first on Crypto Briefing.
The post Standard Chartered Doubles Down on $100,000 BTC Target appeared on BitcoinEthereumNews.com.
Strategy fears are overblown Evolving price targets Despite Bitcoin facing plenty of turbulence, financial giant Standard Chartered is sticking by its bullish prediction, forecasting that the price of the leading cryptocurrency by market capitalization will surge to $100,000. Even though some analysts expect BTC to plunge way below the $60,000 level, the firm believes that the flagship cryptocurrency is actually a “screaming buy” at the current level (roughly $64,000). Strategy fears are overblown The market fear surrounding Strategy’s recent Bitcoin sales is actually overblown, according to Standard Chartered. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy Last month, BTC plunged lower amid concerns about STRC, the dividend-paying preferred stock issued by
The post Specter Flags CodexField as a Potential $85M Rug Pull appeared on BitcoinEthereumNews.com.
On-chain investigator Specter flagged CodexField as a potential rug pull tied to $85M in activity. Specter traced $17.3M moving from TRON to Ethereum, with $10.8M still linked to tracked wallets. BNB Chain previously promoted CodexField after its 2023 Hackvolution hackathon win. On-chain sleuth Specter has flagged CodexField as a potential rug pull after tracing more than $85 million in project-linked activity across blockchains. The alert followed the movement of $17.3 million in USDT from TRON toward Ethereum before conversion into DAI through Bitget Swap on Polygon. Specter said $6.5 million had already moved, while another $10.8 million remained linked to the tracked wallets. Cross-Chain Transfers Put Project Wallets Under Scrutiny According to the investigation, the funds originated from Ethereum about six months earlier via a wallet linked to the project’s deposit contract. The a
The post Ripple Cuts RLUSD Ethereum Supply to $692 Million appeared on BitcoinEthereumNews.com.
According to recent data from Ripple Stablecoin Tracker, Ripple USD (RLUSD) supply on the Ethereum network has shrunk to about $692 million as Ripple continues to adjust the stablecoin’s circulating supply through token burns. At the start of July, RLUSD supply on Ethereum was above $727 million; now this figure has decreased, with millions in Ripple USD burned on the Ethereum network in the last seven days. $115.4 million was burned on the Ethereum blockchain in the last seven days as seen on the Ripple Stablecoin Tracker website, while $49.3 million was minted in the same timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain while $6.2 million in RLUSD was minted. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy The last 30 days saw significa
Broader wage growth boosts economic activity, potentially enhancing corporate revenues and market performance, while narrowing income disparities.
The post Bank of America reports 6% jump in consumer spending with wage growth across all income groups appeared first on Crypto Briefing.
The post Founders Debate Ethereum L2 Value After Robinhood Chain Launch appeared on BitcoinEthereumNews.com.
Ethereum L2 debate returns as Robinhood launches an ETH-denominated Layer-2 network. Founders debate whether Layer-2s strengthen Ethereum or shift activity from its base layer. Leighton Cusack said Ethereum’s value comes from ETH adoption, liquidity, and asset issuance. The role of Ethereum in the Layer-2 ecosystem is back in focus after the launch of Robinhood’s Ethereum-denominated Layer-2 network. World Network co-founder Leighton Cusack argued that recent bullish developments are being framed as negatives because of weak market sentiment. Cusack said Ethereum has been “so abused for the last two years” that even positive news, like Robinhood launching an ETH-denominated L2, is being portrayed negatively. “Narratives follow price,” he added. L2s and Ethereum’s Value Capture In response, Multicoin Capital managing partner Kyle Samani repeated his long-held view that Layer-2
