Here's the latest news about Bitcoin (BTC) and Ethereum (ETH):

Market Updates

- *Bitcoin Price*: BTC is currently trading at $94,736.78 with a 1.48% decrease in the last 24 hours. Its market capitalization stands at $1.89 trillion.

- *Ethereum Price*: ETH is trading at $1,813.93 with a 1.50% decrease in the last 24 hours. Its market capitalization is $218.77 billion ¹ ².

Recent Developments

- *Vitalik Buterin's Proposal*: Ethereum's founder, Vitalik Buterin, proposed a new architecture to make Ethereum simpler, faster, and easier to maintain. This proposal has sparked debate among cryptocurrency enthusiasts, with some seeing it as a positive step towards improving Ethereum's efficiency.

- *Bitcoin ETF Inflows*: US spot Bitcoin ETFs have attracted record-breaking net inflows of $39.56 billion since their launch, contributing to Bitcoin's 130% rise in 2024. In contrast, ETH ETFs have seen cumulative inflows of $2.49 billion ³.

Price Analysis

- *Ethereum Outperforms Bitcoin*: Ethereum has gained 15% over the last 14 days, outperforming Bitcoin's 12% uptick. Analysts believe ETH could target $1,950 amid growing bullish momentum.

- *Bitcoin's Future*: Some analysts predict Bitcoin could reach gold's market capitalization by 2029, driven by structural ETF inflows and growing governmental adoption ⁴ ⁵.

Other News

- *Maldives Crypto Hub*: The Maldives plans to build a $9 billion crypto hub to attract foreign investment and diversify its revenue streams.

- *Binance Partnership*: Binance has partnered with Kyrgyzstan to roll out crypto payments and launch blockchain education programs in the country ⁶.