• 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

Maxi Doge MAXI Surges Amidst Regulatory Uncertainty

chest

Maxi Doge MAXI is gaining traction in the crypto market, appealing to traders seeking high-risk, high-reward opportunities.

user avatarNguyen Van Long

South Korean Authorities Increase Scrutiny on Crypto Exchanges

chest

Following a significant blunder by Bithumb, South Korean financial authorities are tightening oversight on domestic crypto exchanges.

user avatarSatoshi Nakamura

LiquidChain Emerges as Solution for Cross-Chain Liquidity Issues

chest

LiquidChain is gaining traction as a Layer 3 infrastructure solution aimed at unifying liquidity across Bitcoin, Ethereum, and Solana.

user avatarJesper Sørensen

Tether Plans Major Workforce Expansion Amid Regulatory Changes

chest

Tether is set to double its workforce by hiring approximately 150 new employees over the next 18 months to adapt to a tightening regulatory environment.

user avatarRajesh Kumar

US Stock Market Futures Open at All-Time High

chest

Today, US stock market futures have opened at an all-time high, with S&P 500 futures rising by 150 points since last Friday's low.

user avatarFilippo Romano

Trump Predicts Dow Will Reach 100,000 by End of Term

chest

President Trump predicts the Dow Jones will reach 100,000 by the end of his term, attributing recent stock market highs to his tariff strategy.

user avatarLucas Weissmann

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.