The Block
Ethereum futures trading volumes on the Chicago Mercantile Exchange (CME) dropped to a 9-month low in August.The downturn reflects a decline in institutional interest in Ethereum-related financial products, analysts said.
Quick Take Needham initiated a ‘buy’ rating on the stocks of bitcoin miners Core Scientific (ticker: CORZ) and TeraWulf (WULF) and a ‘hold’ rating on Iris Energy (IREN). Analyst John Todaro said Core Scientific has the first-mover advantage in the HPC transition and predicts it will be first to market with a 100MW+ site.
Major cryptocurrencies, like bitcoin and ether, are set for significant near-term price fluctuations, analysts said.Investors could gain by exploiting increased short-term price volatility, while also considering seasonal trends that suggest a bullish fourth quarter, analysts added.
Quick Take Euler’s v2 modular DeFi protocol has gone live, enabling developers to build customizable borrowing and lending vaults. The v2 launch marks the project’s reemergence after it was exploited for $197 million in a flash loan attack last year.
Quick Take On Tuesday, Riot’s executive chairman and CEO expressed concern about Bitfarms’ recent governance changes and the proposed acquisition of Stronghold Digital. The following day, Bitfarms issued a response to what it called “misleading” claims from Riot.
Bitcoin perpetual futures funding rates have remained below neutral for an extended period, indicating market pessimism.However, an analyst suggests there is room for a rebound as sell-side exhaustion looms and seasonal trends play out.
Outlier Ventures Head of Research Jasper De Maere said that investors should move away from the notion of a four-year cycle.De Maere’s comments come amid bitcoin’s worst price performance four months after its block-reward halving event.
Quick Take Investment firm 21Shares filed an S-1 registration statement with the U.S. Securities and Exchange Commission on Friday. Firms have been vying for different crypto ETFs over the past year after the SEC approved crypto ETFs for the first time earlier this year.
Quick Take JPMorgan analysts maintain a neutral rating for Coinbase shares and a December 2025 price target of $196. The analysts added that Coinbase continues to execute its longer-term plan despite third-quarter results falling short of expectations.
