2025-12-23 Tuesday

Crypto News

Indulge in the Hottest Crypto News and Market Updates
US Commerce Secretary’s Company Cantor Fitzgerald Announces the Altcoin It Invested in! It’s Not Ethereum (ETH)!

US Commerce Secretary’s Company Cantor Fitzgerald Announces the Altcoin It Invested in! It’s Not Ethereum (ETH)!

The post US Commerce Secretary’s Company Cantor Fitzgerald Announces the Altcoin It Invested in! It’s Not Ethereum (ETH)! appeared on BitcoinEthereumNews.com. US Commerce Secretary Howard Lutnick’s company, Cantor Fitzgerald, announced its first investment in Solana (SOL). Accordingly, Cantor Fitzgerald, one of Wall Street’s leading banks, announced in its latest Form 13F filing with the U.S. Securities and Exchange Commission (SEC) that it has added the Solana ETF to its portfolio. According to this document, the purchase was made in mid-November. This marks the company’s first exposure to a regulated Solana product. The company, which purchased approximately 58,000 Volatility Shares Solana ETF (SOLZ) shares, paid $1.28 million for this SOL investment at the time. Cantor Fitzgerald stated in a June report that they favored Solana over Ethereum as a company. At that point, Cantor analysts stated that they favored Solana more as a treasury asset than Ethereum. He cited the developer growth at Solana as far exceeding that of ETH as the reason for choosing Solana. He stated that at this point, using SOL as a treasury asset instead of ETH would make more sense. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/us-commerce-secretarys-company-cantor-fitzgerald-announces-the-altcoin-it-invested-in-its-not-ethereum-eth/
ETH Price in EUR Under Pressure

ETH Price in EUR Under Pressure

The post ETH Price in EUR Under Pressure appeared on BitcoinEthereumNews.com. Yesterday was another tough day for Ethereum, particularly for the ETH to EUR exchange rate. It wasn’t the worst session of 2025, but it wasn’t far from being so.  Moreover, today, at least for now, there hasn’t been any recovery yet.  The Decline of Ethereum (ETH) Price in EUR The all-time high for the price of ETH in EUR in 2025 was recorded on August 24th above €4,200. Unlike the price in USD, this was not an all-time high. In fact, in November 2021, it surpassed even €4,220 twice, whereas this time it remained well below €4,210. As recently as October 7th of this year, it was above €4,000, while starting from the 10th, a phase of decline began that might even still be ongoing.  It is possible that this decline was particularly influenced by the US government shutdown, as happened with Bitcoin, due to the more than 150 billion dollars that have accumulated in government accounts since October 1st, of which only a third have been distributed after the end of the shutdown itself.  To be honest, until November 2nd, the price of ETH in EUR had held at least 3,000€, but starting the following day, a second phase of decline began in two stages, which seemed to have concluded on November 21st when, for a brief moment, it even dropped below 2,300€. The Last Days Between Saturday, November 22, and last Friday, the price of ETH in EUR managed to climb back above €2,600, leading to expectations of a further rise starting yesterday.  As happened with Bitcoin, yesterday the mini-bubble in silver drained capital from other markets, thus lacking the liquidity necessary for a further rise in Ethereum as well.  Yesterday, the price of silver in euros reached a new all-time high, surpassing 50€ for the first time…
Tom Lee Bets on a Major ETH Trend Shift

Tom Lee Bets on a Major ETH Trend Shift

The post Tom Lee Bets on a Major ETH Trend Shift appeared on BitcoinEthereumNews.com. Ethereum’s largest new treasury buyer keeps adding coins while a closely watched chart pattern defends a major retracement level. On-chain data from Arkham and wave analysis from Man of Bitcoin now point to a market where deep-pocket accumulation meets a potential inflection zone on the ETH chart. Bitmine Adds 96,800 ETH as Tom Lee Keeps Buying the Dip Blockchain analytics platform Arkham reported that ETH treasury company Bitmine bought 96,800 Ether in the past week, spending about $273.2 million at recent prices. The purchases came as ETH traded near $2,800, extending a steady accumulation pattern during recent market pullbacks. Bitmine Ethereum Treasury Dashboard. Source: Arkham/X The Arkham dashboard shows Bitmine now holding roughly 3.44 million ETH in its main wallets, with the position valued at around $10 billion. The portfolio screenshot lists ETH as the dominant asset, far ahead of smaller allocations to tokens such as IMAGE, IMPT, ELMO and MKR. Arkham linked the activity to strategist Tom Lee, noting that Bitmine still has about $880 million in dry powder earmarked for additional ETH purchases. Consequently, the on-chain data indicates that the firm has been buying into each downward move, with capacity to continue adding if the price weakens again. Analyst Says Ethereum Holds 78.6% Fib as Chart Signals Possible Wave-C Start Meanwhile, Ethereum reacted to the 78.6% Fibonacci retracement level, according to trader Man of Bitcoin, who highlighted the move inside a corrective Elliott Wave structure. His chart shows ETH pulling back sharply from the November recovery, then finding support near $2,716 before recovering toward the $2,800 area. The rebound formed at the exact 78.6% zone marked for wave B, which he treats as the key point that must hold for the structure to stay intact. Ethereum Elliott Wave Analysis Chart. Source: Man of Bitcoin The image displays a…
Ethereum Open Interest Decline Hints at Market Reset for ETH

Ethereum Open Interest Decline Hints at Market Reset for ETH

The post Ethereum Open Interest Decline Hints at Market Reset for ETH appeared on BitcoinEthereumNews.com. Ethereum’s open interest has declined sharply by 51% on Binance over the past three months, erasing nearly $6.4 billion in positions since the October 11 crash. This deleveraging reflects a market reset amid reduced speculation, with total ETH positions now at $15 billion across exchanges. Binance leads the decline: ETH open interest dropped from $12.6 billion in August to around $6.2 billion today. Other platforms like Gate.io and Bybit also saw reductions, with Gate.io at $3.5 billion and Bybit falling from $6.1 billion to $2.3 billion. ETH price slid 43% from $4,830 to $2,800, contributing to a 22.2% drop in November 2025 and only three green months year-to-date. Discover the Ethereum open interest decline on Binance and its impact on crypto markets in 2025. Explore key factors, trading shifts, and future implications for ETH investors—stay informed and adjust your strategy today. What Is the Ethereum Open Interest Decline on Binance? Ethereum open interest decline refers to the significant reduction in outstanding futures and derivatives contracts for ETH on major exchanges, particularly Binance, where it fell 51% over the past three months. This drop, erasing nearly $6.4 billion in positions since the October 11 crash, signals deleveraging and a shift away from speculative trading. Overall, it indicates a market correction as traders reassess ETH’s value amid price volatility. How Has Ethereum’s Speculative Trading Evolved Recently? The Ethereum open interest decline stems from a period of heightened speculation fueled by ETF inflows, Layer 2 ecosystem growth, and recoveries in DeFi, staking, and stablecoins. According to data from CryptoQuant, Binance’s ETH open interest peaked at $12.6 billion in August 2025 before unwinding, reflecting unsustainable bullish momentum. ETH’s failure to break higher price ranges triggered this deleveraging, with spot trading briefly compensating but ultimately failing to stabilize prices. Across exchanges, total ETH positions now…