Kraken Observes Ethereum’s Bullish Surge as Institutional Demand Hits Record Highs

Ethereum's price is making headlines as it breaks through $4,500 for the first time since December 2021, marking a significant milestone in its ongoing rally. With a 4.4% surge in the past 24 hours, the cryptocurrency has liquidated $157 million in positions, predominantly from short sellers. Market analysts are optimistic that Ether could challenge its all-time high before the end of August. Institutional interest has reached unprecedented levels, with U.S. spot Ether ETFs recording $1.02 billion in net inflows. This surge in demand underscores the growing confidence in Ethereum's long-term potential, making it a focal point for investors on platforms like Kraken.

Ethereum Price Aims for $5k as Institutional Demand Surges

Ethereum's price rally shows no signs of slowing, with the cryptocurrency breaking through $4,500 for the first time since December 2021. A 4.4% surge in the past 24 hours has liquidated $157 million in positions, predominantly from short sellers. Market momentum suggests Ether could challenge its all-time high before August ends.

Institutional interest has reached fever pitch. U.S. spot Ether ETFs recorded $1.02 billion in net inflows Monday, spearheaded by BlackRock and Fidelity products. Corporate treasuries are loading up—BitMine expanded its equity program to $24 billion specifically for ETH accumulation, while SharpLink Gaming added 5,226 ETH to its $2.6 billion holdings. An unidentified whale moved $104 million worth of Ether off Kraken, signaling strong conviction among large holders.

The burning question: Is this the start of broad altcoin season or merely Ethereum's moment in the sun? With ETH hovering just 10% below its record peak, the market watches for spillover effects into other digital assets.

Eric Trump-Backed ALT5 Sigma Secures $1.5 Billion for WLFI Token Strategy

ALT5 Sigma, a firm endorsed by Eric TRUMP and Donald Trump Jr., has closed a $1.5 billion funding round to pursue a treasury strategy centered on acquiring 7.5% of the WLFI token supply. The capital will also address corporate obligations, including debt repayment and litigation settlements.

Zach Witkoff, co-founder of World Liberty Financial, will assume the role of Chairman at ALT5 Sigma, while Eric Trump joins the board. Kraken is set to facilitate the token's anticipated exchange listings following a governance vote.