• 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

Charles Edwards of Capriole Investments Analyzes Bitcoin's Market Position

chest

Charles Edwards, founder of Capriole Investments, analyzes Bitcoin's market position, indicating it is closer to the bottom than the top, emphasizing the importance of institutional buying and cautioning about current market conditions.

user avatarTenzin Dorje

CLARITY Act Review Expected Amid TRUMP Memecoin Event

chest

The upcoming review of the CLARITY Act in Congress is expected to coincide with the TRUMP memecoin gala luncheon.

user avatarBayarjavkhlan Ganbaatar

Coinbase Denies Allegations of Opposing Bitcoin Tax Exemption

chest

Coinbase denied allegations of opposing the proposed Bitcoin de minimis tax exemption, asserting its commitment to Bitcoin advocacy.

user avatarMohamed Farouk

Bitcoin Policy Institute Highlights Legislative Efforts for Bitcoin Tax Exemption

chest

The Bitcoin Policy Institute published a report on the ongoing discussions in Congress regarding the Bitcoin de minimis tax exemption, emphasizing Senator Cynthia Lummis's efforts.

user avatarElias Mukuru

Blockchain.com Launches in Ghana, Ties Crypto to Mobile Money

chest

Blockchain.com has launched operations in Ghana, focusing on integrating crypto payments with the country's mobile money system.

user avatarDiego Alvarez

Shantanu Narayen to Step Down as CEO of Adobe

chest

Shantanu Narayen, the CEO of Adobe, announces his plan to step down after nearly two decades, while remaining as board chair.

user avatarKenji Takahashi

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.