Here's the latest news about Ethereum:
*Recent Price Movement*
- Ethereum's price has surged above $4,000, fueled by demand from public companies leveraging it as the primary asset of their treasuries.
- The cryptocurrency has gained over 180% since hitting $1,385 and 60% in the past month, with some analysts predicting a potential rally to $4,500 or even $10,000 in the next six to eight months ¹.
*Institutional Adoption*
- *BitMine's Growth*: Tom Lee's BitMine has added 208,137 ETH to its treasury, valued at over $2.9 billion, making it one of the largest corporate holders of Ethereum.
- *SharpLink's Expansion*: SharpLink Gaming has secured $400 million in direct offering to expand its Ethereum treasury beyond $3 billion.
- *Cosmos Health's Investment*: Cosmos Health has secured up to $300 million in financing to launch an Ethereum treasury reserve strategy ².
*Market Trends*
- *Ethereum's Market Capitalization*: Ethereum's market capitalization has surpassed Mastercard's, reaching nearly $520 billion.
- *Perpetual Futures Volume*: Ethereum perpetual futures volume has surged ahead of Bitcoin for the first time since 2022, indicating growing institutional interest.
- *Whale Activity*: A significant whale purchase of $209 million worth of ETH has sparked interest in the market, with some analysts predicting a bullish sentiment ² ¹.
