Ethereum News Daily Official TheBitTimes.com

In the midst of recent cryptocurrency market turbulence and sell-offs, XRP, backed by Ripple Labs, is pushing to regain bullish momentum.  While Bitcoin (BTC) experienced a modest 3.2 percent decline over the past week, stabilizing around $65,000, XRP defied the trend with a 2 percent gain, holding steady at about $0.49.  Recent data from CryptoQuant highlights a significant increase in Open Interest (OI) for XRP, reflecting its rising market value following updates on the Securities and Exchange Commission (SEC) settlement.  Picks for you Here's why this crypto could go from $100M to a $1 billion market cap 43 mins ago Buy signal for 2 oversold cryptocurrencies this week 2 hours ago ...

Two Ethereum Foundation researchers have disclosed advisory roles at restaking protocol EigenLayer’s EigenFoundation, raising concerns over potential conflicts of interest within Ethereum’s core development team. On Sunday, Justin Drake announced his advisorship via X (formerly Twitter), stating the “community deserves transparency.” Two days later, Dankrad Feist also disclosed his role at EigenLayer, “on the same conditions” as Drake. Both state that their involvement comes with significant token allocations, but that their work will be specifically focused on the protocol’s risks. Drake states that he will reinvest or donate the proceeds to ‘worthy projects’ and that he had previously posted about the role in response to an Orbholder’s question, over one month prior. Feist plans to focus on risks and decentralization. “I am therefore fully expected to take contrarian views on Eigenlayer,” he says. Drake’s disclosure came the day after a post from influential cry...

Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible. Bitcoin's price has been pinned below $26,300 since June 10, reflecting a 14.8% correction in two months. Meanwhile, the Nasdaq tech stock market index gained 13.6% in the same period, indicating that investors are not exactly fleeing to the safety of cash and short-term debt. In fact, the demand for United States government bonds has been declining for the past six weeks. U.S. 2-year government bond yield. Source: TradingView The yield on two-year U.S. Treasurys, for example, increased from 3.80% on May 4 to 4.68% on June 14. Lower demand for debt instruments increases payouts, resulting in a higher yield. If the investor thinks that inflation will continue above target, the tendency is for those participants to demand a higher yield when trading bonds. The U.S. Treasury is set to issue more than $850 billion in new bills between June and...