Fundstrat co-founder Tom Lee believes the next major winner in the artificial intelligence boom will not be chipmakers but Ethereum, arguing that blockchain networks will become the payment infrastructure for AI agents. Speaking during a Fundstrat panel, Lee compared todays AI market to the mobile phone revolution of the 1990s.
Following a roughly 30% rally that started as the cryptocurrency hit lows near $1,500, Ethereum (ETH) is now threatening a bearish reversal based on a well-regarded technical indicator.
Ethereum price fell nearly 2% to about $1,883 on July 31 after another rejection below $2,000 weakened momentum and pushed the token toward a key technical support zone. Ethereum price action today According to data from crypto.
Ethereum turned 11 on July 30, the anniversary of the day users generated and loaded the Frontier genesis block in 2015. In its first decade, the network survived the DAO crisis, executed the Merge to proof-of-stake, and became the leading public venue for stablecoins, decentralized finance, and tokenized assets.
Quantum Solutions sold 1,000 ETH for $1.9M to fund AI data centers, taking a ¥17M loss as its crypto treasury shrinks.
The Ethereum Foundation (EF) has announced that security researcher pcaversaccio has joined its board. The announcement comes the same day a separate group, Ethereum Institutional, said it had closed its first ecosystem funding round.
Quantum Solutions sold 1,000 ETH for $1.9 million, raised its sale limit to 4,375 ETH and redirected proceeds toward AI data centers.
Quantum Solutions sold 1,000 ETH for $1.9 million to fund AI data centers, handing Japan's largest corporate Ether treasury title to Def consulting.
Binance stablecoin netflow drops sharply as ETH tests key resistance near $2,150
Institutional alliance: The project brings together more than 140 companies from the financial and technology sectors, including Visa, Mastercard, Stripe, BlackRock, BNY, and Coinbase. Operating model: Open USD enables fee-free, unlimited volume issuance and redemption for participating companies.
Grok AI predicts a breakout for Ethereum, with potential prices reaching $6,000 to $12,000 by 2026
Quantum Solutions sold another 1,000 ETH for approximately $1.9 million to finance its AI infrastructure and data center expansion plans. The company's Ethereum treasury dropped 28.6% since mid-June, causing it to lose the top Japanese corporate ETH holder position to Def consulting.