• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum: Boost from Tether's $20B Issuance and BlackRock's $74M Purchase

user avatar

by Giorgi Kostiuk

a year ago

Ethereum's price shows potential growth due to recent Tether issuance and investments from BlackRock, along with positive US economic news.

Tether's Issuance on Ethereum

In just one month, Tether issued $20 billion USDT on the Ethereum platform, significantly surpassing Aave's $12 billion active loans over four years. This reflects the growing demand for USDT liquidity and its importance in the DeFi ecosystem.

A significant issuance increase might indicate a continuously growing market.CITE_NA

BlackRock’s Ethereum Purchase

BlackRock made a major investment by purchasing $74.16 million worth of Ethereum in one day, supporting the increasing institutional interest in Ethereum as a major cryptocurrency.

Crypto Markets Respond Positively to US Economic News

Crypto markets reacted positively to the US CPI report. Anticipated rate cuts are likely to boost the value of cryptocurrencies like Ethereum and Bitcoin.

The market is driven by optimism, offering a near 97% probability of a rate cut occurring soon.CITE_NA

Analysts predict further growth in Ethereum prices due to positive market factors and economic conditions, making it attractive for both retail and institutional investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Shiba Inu SHIB Investors Could Have Turned $10 into $1 Million

chest

Early investors in Shiba Inu saw massive returns, with a potential $1 million profit from a $10 investment.

user avatarFilippo Romano

Three Silicon Valley Engineers Arrested for Allegedly Stealing Trade Secrets from Google

chest

Three Silicon Valley engineers arrested for allegedly stealing trade secrets from Google.

user avatarEmily Carter

SEC Chair Paul Atkins Discusses Future of Crypto Regulation at ETH Denver

chest

SEC Chair Paul Atkins discusses the agency's plans for crypto regulation at ETH Denver, emphasizing the need for a clear regulatory framework despite congressional delays.

user avatarTomas Novak

Mignolet Warns of Structural Changes in Bitcoin Market Narratives

chest

Mignolet raises concerns about the impact of on-chain analytics on market narratives and investor expectations.

user avatarKaterina Papadopoulou

XRP Social Media Sentiment Surges to Five-Week High

chest

Data shows that the social media sentiment toward XRP has surged to a five-week high, while Bitcoin and Ethereum remain dull.

user avatarMaya Lundqvist

House Democrats Call for Investigation into World Liberty Financial

chest

A coalition of over 40 House Democrats is urging the Treasury Department to investigate World Liberty Financial due to potential conflicts of interest and national security risks.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.