Trump’s crypto czar is Solana bull and Multicoin Capital investor
New US “crypto czar” David Sacks is very bullish on Solana and is among investors of SOL-related investment firm Multicoin Capital.
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New US “crypto czar” David Sacks is very bullish on Solana and is among investors of SOL-related investment firm Multicoin Capital.
Over the past two weeks, spot Ether ETFs have clocked in more than $1.3 billion in inflows as the cryptocurrency rallied close to $4,000.
It is the first US bank to facilitate liquid Ether staking, and it is focusing on institutions.
Crypto exchanges clocked more than $10 trillion in volume across spot and derivatives markets, CCData said.
The research firm considers ETH an attractive investment opportunity, citing rising investor interest relative to Bitcoin.
Investor sentiment has recently shifted away from Bitcoin and toward Ethereum, based on fund flow data from CoinShares.
Ethereum researcher Justin Drake said the Beacon Chain became the “strongest foundation blockchains have ever seen.”
Ether has outperformed Bitcoin in futures yields, signaling more potential ETF inflows that could catalyze an Ether rally above $4,000 before Jan. 20.
Bitcoin bulls avoid further retests of round-number levels as support as Ethereum finally wakes up.
Analysts are eyeing a potential $20,000 cycle top for the Ether price, which is expected to gain momentum in the first half of 2025.
