Coindesk

Ether (ETH) pushed into uncharted territory Sunday, clearing $4,900 on Coinbase at 5:40 p.m. UTC and surpassing its prior record of $4,867 set on Nov. 8, 2021.The five-year ETH-USD price chart from TradingView shows a clean, multi-year breakout: ETH has finally vaulted the 2021 high after a long consolidation, leaving no historical overhead levels to lean on. This is what traders call price discovery — the market is printing new highs with only psychology and order flow to guide it rather than prior chart resistance.The 5-day view fills in the tape action. After a fast run from the mid-$4,700s, ETH pushed through $4,900 and reached an intraday high around $4,946.90. At the time of the chart snapshot — 6:48 p.m....

The phrase "we are still early" remains a popular sentiment in the crypto community in 2025, suggesting that despite bitcoin's (BTC) price surpassing $100,000, the overall adoption of digital assets is still in its infancy.Morgan Stalney's recent survey of financial professionals confirms this sentiment. The investment banking giant surveyed more than 500 summer interns in North America from June 10 to 27, and 147 summer interns in Europe from June 26 to July 7.The survey revealed that only 18% of interns own or use cryptocurrencies, increasing from 13% the previous year. Meanwhile, the percentage of interns interested in digital assets has risen to 26% from 23%. Meanwhile, 55% still do not care for digital assets, a majority, although the number...

Jackson Hole, Wy. — Bitcoin miners have long been defined by the boom-and-bust rhythm of the four-year halving cycle. But the game has now changed, according to some of the industry’s most prominent executives at the SALT conference in Jackson Hole earlier this week.The rise of exchange-traded funds, surging demand for power, and the prospect of artificial intelligence (AI) reshaping infrastructure needs mean that miners must find ways to diversify or risk being left behind.“We used to come here and talk about hash rate,” said Matt Schultz, CEO of Cleanspark. “Now we’re talking about how to monetize megawatts.”For years, mining companies—which derived their main source of revenue solely from mining bitcoin—lived and died by the four-year bitcoin halving cycle. Every...

Fed Chair Jerome Powell’s speech on Friday at this year's Jackson Hole Economic Policy Symposium balanced rising inflation risk against a fragile labor market, and the political calendar now raises the odds that his eventual successor will be less cautious on rates.Powell’s message was deliberately sober. He said the “effects of tariffs on consumer prices are now clearly visible” and will keep filtering through with uncertain timing. Headline PCE inflation ran 2.6% in July and core 2.9%, with goods prices flipping from last year’s declines to gains. He framed the labor market as a “curious kind of balance,” with payroll growth slowing to about 35,000 a month in recent months from 168,000 in 2024 while unemployment sits at 4.2%.Immigration has...

Ether (ETH) is trading near record highs and bullish forecasts like Tom Lee’s $15,000 year-end target have put a spotlight on how investors can best gain exposure to ETH.Market ContextAccording to CoinDesk Data, ether, the second-largest cryptocurrency, is trading at about $4,783 at the time of writing, near its all-time highs, reflecting strong investor demand amid growing institutional adoption. Tom Lee, head of research at Fundstrat, CIO of Fundstrat Capital and chairman of BitMine Immersion Technologies (BMNR), told CoinDesk last month that ETH could reach $15,000 by the end of 2025. His comments highlight renewed optimism around Ethereum's growing importance for stablecoins, decentralized finance (DeFi) and real-world asset (RWA) tokenization.Direct ETH ownership: the purest playOwning ETH outright is the most...