Connect with us

Business

Grayscale transfers $1B in ETH to Coinbase ahead of Ether ETF launch

Published

on

Grayscale Investments has initiated a significant transfer of $1 billion worth of Ethereum (ETH) to Coinbase, a move strategically timed ahead of the anticipated launch of its Ether Exchange-Traded Fund (ETF).

The transfer signals Grayscale’s preparation to facilitate the ETF launch, aiming to provide investors with regulated exposure to Ethereum through the ETF structure. This strategic maneuver underscores Grayscale’s commitment to expanding its cryptocurrency investment offerings and catering to institutional demand for Ether exposure.

The Ethereum ETF, once launched, is poised to offer investors a regulated vehicle to gain exposure to Ether’s price movements without needing to directly hold the cryptocurrency. This development aligns with Grayscale’s strategy to innovate within the digital asset investment space and capitalize on growing institutional interest in Ethereum.

As Grayscale positions itself for the ETF launch, industry observers are closely monitoring regulatory developments and investor sentiment surrounding Ethereum and other digital assets. The $1 billion transfer to Coinbase highlights Grayscale’s proactive approach to preparing for regulatory approval and operational readiness ahead of the ETF’s introduction.

Looking forward, the launch of Grayscale’s Ethereum ETF could potentially attract significant investor attention and further enhance institutional participation in the cryptocurrency market. As cryptocurrency adoption continues to evolve, initiatives like Grayscale’s Ether ETF play a pivotal role in bridging traditional finance with the digital asset ecosystem, offering new avenues for investment diversification and portfolio management.

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk