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Spot Ethereum ETFs debut with over $1B in trading volume

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The debut of Ethereum exchange-traded funds (ETFs) has proven highly successful, with trading volumes surpassing $1 billion on their first day of trading.

Investors showed significant interest in these new financial products, which offer exposure to Ethereum without requiring direct ownership of the cryptocurrency. The ETFs provide a regulated and accessible way for institutional and retail investors alike to participate in the Ethereum market, reflecting growing mainstream acceptance of digital assets.

Market analysts attribute the robust trading activity to pent-up demand for Ethereum investment opportunities, as well as optimism surrounding the cryptocurrency’s future prospects. Ethereum, known for its smart contract capabilities and decentralized applications, has garnered attention as a key player in the blockchain space.

The success of Ethereum ETFs underscores the increasing institutionalization of cryptocurrency markets, with traditional financial institutions embracing digital assets as viable investment vehicles. Proponents argue that ETFs can mitigate some of the volatility associated with direct cryptocurrency holdings while providing diversified exposure to the asset class.

The launch of Ethereum ETFs marks a milestone in the evolution of cryptocurrency investment products, potentially paving the way for similar offerings tied to other digital currencies. As regulatory frameworks continue to evolve, ETFs could play a pivotal role in expanding access to cryptocurrencies and integrating them further into global financial markets.

Looking ahead, market observers anticipate continued interest in Ethereum ETFs, driven by investor demand for innovative financial instruments that bridge traditional finance with the burgeoning digital economy. The successful debut of these ETFs signals a promising start for Ethereum’s broader adoption and integration into mainstream investment portfolios.

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

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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.

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

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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.

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Hackers are selling counterfeit phones with crypto-stealing malware

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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.

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