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The post Ethereum Plans 4x Gas Limit Rise to Improve Performance appeared first on Coinpedia Fintech News
Ethereum developers are proposing a 4x increase in the gas limit to 150M for the upcoming Fusaka hard fork. This adjustment aims to boost Layer 1 (L1) execution, enabling the network to manage more transactions with greater efficiency. By raising the gas limit, Ethereum seeks to enhance its overall performance, ensuring smoother operations and better scalability as the network evolves.
Bitcoin ETFs (exchange-traded funds) recorded significant net outflows this week, with institutional investors pulling out nearly $800 million amid market uncertainties.
Despite high expectations for the White House Crypto Summit, Bitcoin ETFs saw their fourth consecutive week of outflows, suggesting that institutional sentiment remains cautious. Over $4.5 billion in net assets have exited the market in the past four weeks.
Data on SoSoValue shows US Bitcoin ETFs faced total net outflows of $799.39 million this week after five consecutive days of negative flows.
The largest single-day outflow of the week occurred on Friday, with $409 million withdrawn from Bitcoin ETFs.
Data on Farside Investors corroborates the outlook. It shows that the largest contributors to Friday’s landmark outflows were Ark Invests’ ARKB and Fidelity’s FBTC ETF instruments. They posted $160 million and $154.9 million in negative flows, respectively.
BlackRock’s IBIT and Grayscale’s GBTC followed with $39.9 million and $36.5 million. Meanwhile, the other issuers, save for Bitwise (BITB), recorded zero flows.
Ethereum ETFs also continued their negative trend, logging a second consecutive week of net outflows.
These negative flows come despite anticipation that this would be a bullish week amid White House Crypto Summit hype. The outflows suggest that macroeconomic concerns and strategic market positioning have overshadowed the event’s impact.
Some analysts point to persistent fears over President Trump’s trade tariffs and broader economic instability. These, they say, sour institutional confidence. Specifically, industry experts have highlighted structural shifts in the market as a possible explanation for the ongoing capital flight.
Kyle Chasse recently explained that hedge funds have been exploiting a low-risk arbitrage trade between Bitcoin spot ETFs and CME futures. However, as these trades collapse, liquidity is withdrawn from the market, influencing sell-offs and outflows from crypto investment products.
Meanwhile, a recent report from QCP Capital provided additional insight into the market reaction. The firm noted that while the White House Crypto Summit was initially expected to be a key bullish catalyst, President Donald Trump preempted expectations by signing an executive order establishing the Strategic Bitcoin Reserve and US Digital Asset Stockpile.
Upon the signing, Bitcoin’s price dropped sharply from $90,000 to $85,000 in what analysts called a “sell the news” event. Market participants positioned for a bullish outcome at the summit were caught off guard, leading to a sharp sell-off.
“The knee-jerk reaction lower likely stems from the realization that no actual budget has been allocated for BTC purchases in the near term,” read an excerpt in the QCP report.
This explains Friday’s climax of the week’s Bitcoin ETF outflows. Overall, it’s evident that macroeconomic factors are driving fears among institutional investors, at least for the short term.
The post Bitcoin ETFs Record Four Weeks of Net Outflows Surpassing $4.5 Billion appeared first on BeInCrypto.
After days of consolidation, the Dogecoin (DOGE) price is showing signs of life, having risen by 31% from its lowest point this month. This recovery has added about $5 billion in value, and raised the question whether DOGE price could surge 445% to hit $1.
While Dogecoin price has bounced back, it remains much lower than its all-time high. Precisely, it has dropped by 76% from its 2021 high and is 65% lower than its 2024 high. Let’s explore the only way that the coin jumps and hits $1.
The value of DOGE needs to rally by 445% to get to $1. Such a move would create a cryptocurrency with a market cap of nearly $150 billion, since its maximum circulation is 148.98 billion tokens.
A $150M valuation in the crypto market is possible. Bitcoin and Ethereum have already surpassed that milestone, while Tether and XRP are close behind. As the biggest meme coin in crypto, such a climb is possible.
Additionally, a 445% surge, while large, is attainable in the crypto industry. A notable example is Fartcoin, a Solana meme coin that bottomed at $0.2053 in March has jumped by 443% to $1.095.
DOGE price also has a record of having triple-digit gains. While its price has pulled back recently, it remains 200% above its 2023 lows.
Dogecoin price can jump to $1 if there is a Bitcoin-led rally. A look at DOGE’s history reveals that it tends to rally only when BTC is in a strong bull run. Therefore, with odds of a Bitcoin surge rising, there is a likelihood that it too will rally.
Additionally, the SEC needs to approve a spot DOGE ETF, which will help it gain inflows from Wall Street investors. Odds of approval are high because it is a proof-of-work coin like Bitcoin.
Chances are that Dogecoin will eventually surge and hit $1. What is clear, however, is that this rebound to that target will take months or even years to happen.
The daily chart shows that it may be on the cusp of a bull run. It has formed a small double-bottom pattern at $0.1480. It has also formed a big falling wedge pattern and its price has already jumped above the upper side.Dogecoin also sits above the rising trendline that links the lowest prices since August last year.
Therefore, the short-term DOGE price forecast is bullish, with the most viable target being the psychological level at $0.25. This target is approximately 45% higher than the current level. A surge to $1 will be confirmed if it rises above the 2024 and 2021 highs.
Take note of the double-bottom level at $0.1480 as a break below there will signal more downside, potentially to $0.10.
The post Here’s the Only Way Dogecoin (DOGE) Price Could Reach $1 appeared first on CoinGape.
A new XRP Ledger software update has gone live, ushering in a wide range of network functionalities. Dubbed Software Update 2.5.0, the upgrade brings XRPL one step closer to challenging Ethereum and Solana’s dominance. XRP Ledger Gets New Functionalities Following Software Update XRP Ledger has undergone a series of improvements in recent weeks, but a
The post New XRP Ledger Software Update 2.5.0 Goes Live appeared first on CoinGape.