Altcoins News
By Maheen Hernandez
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Conclusion. Ethereum’s long-term fundamentals are strengthening, supported by soaring network growth and…
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Ethereum (ETH) has seen explosive growth in network activity in recent weeks, with nearly 1 million new addresses added weekly since May.
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The surge in network growth comes as the GENIUS bill—a major piece of stablecoin legislation—moves closer to becoming U.S.
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According to data from Santiment, Ethereum has added between 800,000 and 1 million new addresses per week since May, reflecting heightened user activity and growing interest in…
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Santiment analysts attribute this surge to favorable developments around the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) bill, which passed the U.S.
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The bill, if enacted, will provide a comprehensive regulatory framework for stablecoins and is widely expected to benefit Ethereum, the primary network supporting decentralized…
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Former President Donald Trump took to social media platform Truth Social, urging the House of Representatives to pass the GENIUS bill “LIGHTNING FAST.
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The bill’s advancement has generated optimism in the crypto space, especially among Ethereum supporters.
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Meanwhile, companies like Apple, Amazon, JP Morgan, and Morgan Stanley are reportedly exploring stablecoin solutions—many of which would likely utilize Ethereum’s network for…
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Beyond legislation, analysts argue that Ethereum is rapidly maturing from a speculative asset into core global infrastructure.
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“Once blockchains become infrastructure that the whole world is powered on… ETH becomes like the internet.”
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Raman further suggested that Ethereum has long been undervalued due to regulatory uncertainty, and the lifting of that uncertainty may lead to a market repricing of ETH as a…
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Currently, Ethereum dominates the stablecoin space, with $126 billion in stablecoins hosted on its Layer 1 chain, giving it over 50% market share, according to DeFiLlama.
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Despite all this positive momentum, Ethereum’s price action remains under pressure. The token is trading near $2,510, just above its key support at $2,450.
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If ETH holds this level, analysts believe the token could recover and attempt a retest of the upper boundary of its current channel, potentially revisiting the $2,700 range.
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