Ethereum News Today TheBitTimes.com

Ye, formerly known as Kanye West, has launched his own cryptocurrency, Yeezy Money (YZY), on the Solana (SOL) blockchain.  Posting on X, the rapper described the project as “A NEW ECONOMY, BUILT ON CHAIN,” sharing a contract address as well as a link to its official website. The token sparked doubts among fans, given that Ye was against the idea of creating his own crypto in February, when he said he didn’t want to exploit fans after allegedly receiving a $2 million offer to scam his community. Despite skepticism, Yeezy Money is featured on the musician’s official website and online store, suggesting the project is genuine.  Yeeze Money is here. Source: @kanyewest Ye faces insider trading accusations YZY experienced extreme volatility at launch, briefly hitting a $3 billion market cap within 40 minutes before dropping to around $1.05 billion.  At the same time, significant insider activity was flagged, with multiple wallets buying in at la...

According to data from the Office for National Statistics (ONS), inflation in the UK has risen to 3.8% for July. The figure represents the highest it has been in 19 months. A Reuters poll had anticipated the inflation figure to hit $3.7. Core inflation, which excludes volatile food, alcohol, tobacco, and energy prices, also rose by 3.8%. The higher-than-expected numbers will likely lead to a dip in investor sentiment. What’s Pushing the UK’s Inflation Figures? Source: Microsoft UK Stories According to ONS chief economist Grant Fitzner, “ The main driver was a hefty increase in air fares, the largest July rise since the collection of air fares changed from quarterly to monthly in 2001. This increase was likely due to the timing of this year’s school holidays. “ Food price inflation has also continued to surge in the UK. Items such as coffee, fresh orange juice, meat, and chocolate have seen their most significant rises in recent times. Petrol and diesel prices hav...

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Wall Street’s biggest asset managers have been quietly paring back their cryptocurrency exposure, unloading tens of millions of dollars in Bitcoin (BTC) and Ethereum (ETH) over the past week. The sales, disclosed through ETF flows and on-chain tracking, highlight shifting sentiment among institutions as volatility grips the digital asset market. Bitcoin was last trading at $115,527, up 0.28% in the past 24 hours but down 2.33% over the week, with its market capitalization sitting at $64.04 billion higher on the day thanks to a modest 1.19% increase in trading volume. Ethereum, meanwhile, has remained relatively flat, changing hands at $4,285, down 0.16% in the past 24 hours and struggling to reclaim upside momentum. Despite the muted price action, institutional flows tell a different story. BlackRock offloaded 19,504.95 ETH, worth roughly $82.7 million, in one of the firm’s largest single ETH sales in months. Fidelity followed suit, selling 17,536.56 ETH valued at $74.3 mi...

Cardano (ADA) is facing a critical test after a strong multi-week rally, with analysts split on whether the token can extend gains or is poised for a deeper pullback. On-chain analyst Ali Martinez suggested earlier this week that Cardano could be breaking out of a triangular consolidation pattern, “eyeing $1.10” as the next upside target. At the time, ADA was hovering just below the psychological $1 level at $0.97, its highest since March. Cardano $ADA could be breaking out of a triangle, eyeing $1.10. pic.twitter.com/pxQ2Y2WI2H — Ali (@ali_charts) August 17, 2025 However, as volatility returned to the broader crypto market, ADA slipped back to $0.91, prompting Martinez to issue a more cautious update on August 18. Highlighting a “buy signal on Cardano ADA hourly from TD Sequential,” the analyst argued that the token “could be ready to bounce.” Buy signal on Cardano $ADA hourly from TD Sequential. Could be ready to bounce! pic.twitter.com/9HJRj1hCV1 ...

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JPMorgan says Ethereum is set to soar on the ‘’meteoric growth’’ of stablecoins, which mostly run on its network. The outlook follows US President Donald Trump’s signing of the GENIUS Act in July, a landmark law giving stablecoin issuers clear rules. The move has prompted titans like Amazon, Citigroup and Mastercard to ramp up stablecoin plans, following the blockbuster IPO of USD Coin issuer Circle. “We think ether is emerging as a direct way to gain exposure to the expected meteoric growth in stablecoins as the Ethereum network hosts most of these stablecoin assets, directly as the L1 or indirectly through some L2s,” analysts at the bank wrote in a note on Thursday.  Stablecoin Market Cap Soars The market cap of stablecoins rose for an eighth consecutive month in July to $272.6 billion and surged almost $3.8 billion in the past week. The sector’s year-to-date growth is outpacing that of the broad crypto market. Data from the d...

Ethereum could soar to $15k in a bull market and to between $10k and $12k in more conservative conditions by the end of 2025, according to Fundstrat CIO and Bitmine Immersion Technologies Chairman Tom Lee. In a joint Analysis with Fundstrat’s Head of Digital Asset Research Sean Farrell, Lee called Ethereum “the biggest macro trade over the next 10–15 years,” predicting it will play a central role in bringing Wall Street onto the blockchain. In his most bullish scenario, Lee said ETH could reach between $12k and as high as $15k. That’s almost double the recent forecast of $7.5k by year end made by Standard Chartered that was based on growing institutional adoption. Lee Has Skin In The Game Lee’s Bitmine Immersion Technologies has amassed 1.2 million ETH that’s worth about $5.42 billion, making it the largest corporate holder of the altcoin. It plans to raise an additional $20 billion through an expanded stock offering to buy more as Lee aim...

The Justin Sun lawsuit against Bloomberg has been filed right now in Delaware federal court, and it’s actually causing quite a stir. The TRON founder is seeking to block publication of his detailed cryptocurrency holdings after Bloomberg apparently promised confidentiality but now plans to publish sensitive financial data. Sun claims this could expose him to “significant and imminent risk” of theft, hacking, kidnapping, and even bodily harm. Justin Sun Sues Bloomberg Over Plans to Publish 'Confidential' Crypto Holdings ► https://t.co/bd3K0YEycS https://t.co/bd3K0YEycS — Decrypt (@DecryptMedia) August 14, 2025 Crypto Security Risks And Bloomberg Lawsuit Threats Surround Justin Sun Source: The Verge Bloomberg’s Alleged Confidentiality Breach Bloomberg’s alleged confidentiality breach in the Justin Sun lawsuit started when journalist Muyao Shen approached Sun’s team back in February 2025 for inclusion in their Billionaires Index. Sun was hesitant at firs...

Ethereum (ETH) could be on the verge of smashing its all-time high this month, with advanced AI models forecasting prices above $5,000 by August 31, 2025. Finbold’s AI price prediction tool powered by machine learning models GPT-5, Claude 3.5 Sonnet, and Grok 3 Vision, alongside a suite of technical indicators including MACD, RSI, stochastic oscillators, and both the 50-day and 200-day moving averages, now places Ethereum’s average projected price at $5,067.  That represents an 8.42% upside from the current market level of $4,696.5. Ethereum price prediction. Source: Finbold Each of the models shows strong conviction that Ethereum will maintain its bullish momentum. Claude 3.5 Sonnet emerges as the most optimistic, projecting a price of $5,250, a 12.33% gain that would mark a clear move into uncharted territory.  Grok 3 Vision forecasts $5,201, implying a 10.74% increase and signaling that the uptrend could extend well beyond the psychological $5,000 t...

Solana CEO Anatoly Yakovenko has managed to dodge nine attempts to serve him a Pump Fun lawsuit accusing him of playing a part in the memecoin platform’s fraudulent casino enterprise. Law firms Burwick Law and Wolf Popper recently filed an amended lawsuit naming crypto firms Solana and Jito, along with various executives, as defendants in their case against Pump Fun. They began serving defendants last week, including both Solana Labs and Jito Labs. However, after repeated “diligent efforts,” the firms failed to serve Yakovenko, fellow Solana co-founder Raj Gokal, Solana Foundation President Lily Liu, Jito CEO and COO Lucas Bruder, and Brian Smith. They were also unable to serve the Jito Foundation itself .  Yakovenko, who lives in a luxury apartment in San Francisco, dodged three attempts to serve him on August 5. Burwick Law claims they were unsuccessful “due to the secured nature of the building, and lack of response.” Burwick says Solana and Jito ‘co-consp...

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