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Rising Open Interest in Ether and a “positive” taker buy-sell ratio have a crypto analyst optimistic that Ether’s lengthy correction is nearing its end.
Wicked smart royalties on NFT resales and a steady stream of unofficial memecoin taxes are padding Trump’s crypto wallet
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The weakness in ether’s price can be seen in the ETH/BTC pair, which has been on a downward trajectory since the Ethereum Merge in September 2022.
- 16:44Fed Officials Hint at "Rate Cut," U.S. Stocks Rise IntradayAccording to Jinse, on Thursday, U.S. stocks rose intraday, with the Nasdaq at one point climbing over 2% and the S&P 500 rising nearly 1.5%. The volatility index VIX hovered around 27. President Trump seemed to be reassessing some of his more aggressive stances on trade and the Federal Reserve. "Since the market has reclaimed a significant portion of its losses, it can begin to extend this momentum," said David Laut, Chief Investment Officer at Abound Financial. "While the market's recovery won't be a straight line, it is encouraging to see the market begin to price in a post-tariff environment." Bets that the Federal Reserve will cut rates sooner than expected buoyed the stock market. Fed Governor Waller stated that he would support a rate cut if tariffs lead to job losses. Meanwhile, Cleveland Fed President Mester indicated that officials could take action as early as June if there is clear evidence of economic trends.
- 16:44U.S. SEC Delays Decision on Grayscale Spot DOT ETF ApplicationAccording to market news, the U.S. SEC has delayed the decision on the Grayscale Spot Polkadot (DOT) ETF application.
- 16:43Atlanta Fed GDPNow Model Estimates U.S. First Quarter GDP Growth at -2.5%The Atlanta Fed GDPNow model estimates U.S. first quarter GDP growth at -2.5%, previously estimated at -2.2%.