A rare signal from an ETH price indicator suggests Ether is undervalued, while demand in spot and futures markets hints at a rally to $2,500. Ether (ETH) may be on the path to retesting $2,500 if the current rally above $2,150 and the bullish spot and futures market volumes pushing prices higher are sustained. Ether is also supported by a key macro indicator that places the altcoin in a rare undervaluation zone not seen since 2022. The data points to fading selling pressure and the early stages of an accumulation process for Ether. Ether’s daily chart shows bulls leading the charge after a 6.33% rally pushed the price above the $2,150 resistance. ETH now eyes a retest of its March highs near $2,385, with further upside toward the $2,475–$2,635 fair-value gap acting as a price magnet for bulls. Read more
With a potential scheduling conflict, several senators want to know if the president plans to attend a luncheon for memecoin holders in Florida or just seeking to generate fees. Three US senators have reportedly asked one of the people behind US President Donald Trump’s memecoin whether the president intends to “dangle access” to himself at a luncheon event, given he is already planning to attend the White House Correspondents’ Association Dinner the same day. According to a Thursday Politico report, Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff sent a letter to Bill Zanker, the individual behind the launch of the memecoin Official Trump (TRUMP). The lawmakers questioned whether Trump had been leveraging his appearance at a luncheon event scheduled for April 25, which the memecoin project announced in March. “[O]rganizers are promoting a conference by dangling access to President Trump to potential attendees (and in doing so, are encouraging purchases of his meme coin that will generate tran...
Sofidel, a manufacturer of sanitary paper products with a factory in Calarasi, will receive about EUR5.9 million state aid under the aid scheme established by Government Decision No. 300/2024 for an investment of nearly EUR9.9 million, Finance Ministry data show.
CoreWeave’s financing highlights Wall Street’s shift away from volatile, hardware-backed crypto lending toward cash-flow-driven AI infrastructure, according to TheEnergyMag. CoreWeave’s recent $8.5 billion AI-backed loan highlights a major transition in how Wall Street finances digital infrastructure, marking a shift from “MinerFi” to “ComputeFi,” according to TheEnergyMag. In its latest Miner Weekly newsletter, TheEnergyMag examined CoreWeave’s multibillion-dollar raise from a group of banks and investors, backed by Mark Zuckerberg’s Meta Platforms. As Bloomberg reported, the financing underscores how companies are finding new ways to fund data center construction and expand GPU capacity. Although CoreWeave has pivoted away from the digital asset sector toward AI-focused data center compute, the move offers a broader lesson on the shortcomings of Bitcoin (BTC) mining finance. Read more