Major altcoins led by Ethereum (CRYPTO: ETH) and Ripple‘s XRP (CRYPTO: XRP) posted sharp declines on Thursday, reversing gains from a strong rally earlier this month.
Cathie Wood-led Ark Invest is betting on the transformative potential of smart contract Layer-1 tokens like Ethereum (CRYPTO: ETH) in decentralized finance, the company’s leading cryptocurrency analyst said on Wednesday.
As part of this new direction, the company has introduced a plan to deploy $10 million into Ethereum-native NFTs and yield-generating assets, aiming for annualized returns between 6% and 10%.
Shiba Inu (CRYPTO: SHIB) has gained over 37% in the past month, driven by soaring transaction volume, increased network activity, and a series of aggressive token burns.
BitMine Immersion Technologies Inc. (AMEX:BMNR) surged 14.11% in after-hours trading on Thursday, reaching $47.81 per share as the company’s Ethereum (CRYPTO: ETH) holdings crossed the $1 billion threshold following its
XRP’s price is currently just 3.3% below its peak of $3.40 seen earlier this year. Ethereum’s price jumped 9% in the last 24 hours, nearly just below the $3,500 threshold.
On Wednesday, Cathie Wood-led Ark Invest executed significant trades, including substantial purchases in Tempus AI Inc. (NASDAQ:TEM), NVIDIA Corp. (NASDAQ:NVDA), 3iQ Ether Stakin
