Ethereum Merge will not reduce gas fees, DeFi researcher says

DeFi trader Vivek Raman, in a Twitter thread, has argued that Ethereum’s (ETH) anticipated Merge would not bring down the network fees as expected by many. The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of … Read more

MicroStrategy’s Michael Saylor says Ethereum is a security

In an interview with Altcoin Daily, MicroStrategy’s CEO Michael Saylor said Ethereum (ETH) is security. According to Saylor, the fact that Ethereum was first issued via an initial coin offering proves it is not a commodity. “There’s a management team. There was a pre-mine. There’s a hard fork. There are continual hard forks.” He also talked … Read more

Crypto Outflows Continue for Second Week Straight

Cryptocurrency investment products and funds experienced outflows for the second week in a row, according to data from CoinShares. Sponsored Sponsored The whole of the crypto markets experienced outflows worth $21 million over the week ending June 11. This has contributed to the total outflows of $267 since the middle of May, when cryptocurrencies began … Read more

Over $11B in Bitcoin Held by 32 Companies: Crypto Treasuries Report

Data from CryptoTreasuries shows that 32 companies hold nearly $12 billion in BTC, while 11 companies hold roughly $470 million in ETH. According to data from CryptoTreasuries, 32 companies together hold about 325,013 bitcoin. That value amounts to roughly $11.7 billion. As for Ethereum, 11 companies hold 169,279 ETH, at a value of roughly $470 … Read more