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Offchain Labs Chief Scientist Ed Felten argues layer 2 networks can thrive alongside Ethereum's base layer scaling efforts, citing design flexibility advantages that keep them relevant despite recent criticism.
Bitcoin and Ethereum rallied after US core inflation data showed prices increased just 0.2% for the month, signaling a potential slowdown in the world's largest economy.
Ethereum's Taker Buy Sell Ratio on Binance climbed above 1.0 for the first time in three years, reaching a monthly average of 1.016. The last time this threshold held was in 2023, shortly after the Shapella hard fork on April 12.
Crypto analyst Patel outlined five Ethereum price targets for the next bull run, with the highest reaching $60,000 and a ₱436.18 trillion ($7.3 trillion) market cap—surpassing Nvidia's current ₱268.88 trillion ($4.5 trillion) valuation.
TD Cowen initiated coverage on Ethereum treasury firm Sharplink with a buy rating and $16 price target, citing superior staking yield compared to Ethereum ETFs. On the same day, the firm cut Strategy's price target from $440 to $350 due to lower Bitcoin price expectations.