The incident exacerbates geopolitical tensions, potentially prompting military 
interventions and prolonging disruptions in global trade routes.
The post South Korean ship hit in Strait of Hormuz amid rising tensions 
appeared first on Crypto Briefing.

South Korean ship hit in Strait of Hormuz amid rising tensions

SEC Commissioner Hester Peirce’s remarks fuel debate over prediction markets, 
ETFs, disclosures, and future crypto rules.

SEC hint sparks prediction market ETF debate

Ethereum is trading just above $2,330, a price that, on the monthly chart, is 
sitting just above within a long accumulation zone. However, recent market 
dynamics show that Ethereum is destined for far higher prices than $2,300 this 
cycle, and this is not only about traders waiting for another rotation into 
ETH. The outlook is that the Ethereum price will cross above $10,000 this 
cycle based on factors that are turning Ethereum into a base layer for 
regulated on-chain markets. Related Reading: Swiss Bitcoin Reserve Effort 
Withdrawn After Resistance From Central Bank Wall Street To Push Ethereum 
Price To $15,000 According to a crypto analyst that goes by the name Crypto 
Patel on X, Ethereum is going to trade somewhere between $10,000 and $15,000 
this cycle, and there are about 10 reasons why this is going to happen. His 
price prediction is based on the idea that Ethereum is no longer being 
controlled only by retail speculation or short-term market sentiment. Instead, 
the network is becoming one of the main settlement layers for tokenized 
finance, institutional custody, exchange-traded products, and corporate ETH 
accumulation. The analyst pointed to BlackRock’s filing for two tokenized 
money-market funds on Ethereum, JPMorgan’s MONY fund going live on Ethereum, 
and BlackRock’s BUIDL fund reportedly reaching $2.85 billion as the largest 
real-world asset product on-chain. These are three reasons why Ethereum is 
becoming a preferred settlement layer for institutional financial products. 
Another reason for the analyst’s price prediction is the partnership between 
Uniswap and Securitize to unlock BUIDL on-chain. This partnership connects 
tokenized Wall Street assets with Ethereum’s DeFi liquidity, and this creates 
a direct link between traditional finance and DeFi, which has always been one 
of Ethereum’s strongest areas. Ethereum Price Chart. Source: @CryptoPatel On X 
ETFs, Custody, And ETH Accumulation Add To The Bullish Outlook The second part 
of the bullish case comes from broader institutional access to ETH. Crypto 
Patel cited Robinhood building its Layer 2 on Ethereum, BNY Mellon launching 
Ethereum custody in the UAE, more than $12 billion flowing into Spot ETH ETFs 
this year, and BitMine’s accumulation of more than 5 million ETH, which is 
over 4% of Ethereum’s supply, as factors that support the Ethereum price 
heading to $15,000 this cycle. Other factors are the DTCC tokenizing Russell 
1000 assets on the blockchain, with Ethereum being considered a leading 
contender to host these assets, and WisdomTree’s fully staked ETH ETP going 
live in Europe. Together, these factors strengthen Ethereum’s demand and 
supply setup. ETFs make ETH easier for institutions to buy, custody services 
make it easier to hold, corporate accumulation reduces available supply, and 
staked ETPs give investors a regulated way to gain ETH exposure with yield. 
Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 91% On 
Binance Keeping these factors in view, a favorable continuation of this 
institutional trend could give Ethereum enough momentum to break above $10,000 
and possibly climb as high as $15,000 this cycle. Those targets would 
represent gains of about 335% and 550%, respectively, from the current price 
of Ethereum. Featured image from Pexels, chart from TradingView

Why Analysts Believe Ethereum Can Reach $15,000 This Cycle

The incident exacerbates geopolitical tensions, impacting global oil prices 
and crypto markets, while increasing scrutiny on crypto transactions.
The post Iran strikes tanker off Doha as Qatari ship breaks Hormuz blockade, 
triggering crypto scam wave and oil price surge appeared first on Crypto 
Briefing.

Iran strikes tanker off Doha as Qatari ship breaks Hormuz blockade, triggering crypto scam wave and oil price surge

Bitcoin&#8217;s vulnerability to inflation and rate hikes highlights broader 
economic uncertainties, potentially affecting investor confidence and market 
stability.
The post Bitcoin faces pressure as Fed forecasts hotter inflation, potential 
rate hikes appeared first on Crypto Briefing.

Bitcoin faces pressure as Fed forecasts hotter inflation, potential rate hikes

South Korean crypto holdings fell from $83 billion to $41 billion in just over 
a year as investors shifted to stocks.

South Korean ship hit in Strait of Hormuz amid rising tensions

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