Months – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 14 Sep 2025 08:50:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Months – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row https://earlybirdsinvest.com/hyperliquid-tops-nasdaqs-2024-net-income-beats-robinhoods-trading-volume-4-months-in-a-row/ https://earlybirdsinvest.com/hyperliquid-tops-nasdaqs-2024-net-income-beats-robinhoods-trading-volume-4-months-in-a-row/#respond Sun, 14 Sep 2025 08:50:09 +0000 https://earlybirdsinvest.com/hyperliquid-tops-nasdaqs-2024-net-income-beats-robinhoods-trading-volume-4-months-in-a-row/

Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income.

DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%.

The comparison positions the DeFi platform ahead of one of the world’s largest stock exchanges in net income, despite operating with just 11 team members.

Additionally, data from ASXN shows Nasdaq employed 9,162 people in 2024, producing a net income per employee ratio of $123,335.52.

Hyperliquid’s 11-person team generates approximately $113 million per employee, establishing the highest net income-to-employee ratio in global financial markets.

Volumes surpass Robinhood

The trading protocol posted $420.3 billion in total trading volume during August, extending its winning streak against Robinhood to four consecutive months.

Robinhood published August trading figures on Sept. 11, revealing $227.5 billion in total volume across all products.

The breakdown included $199.2 billion from equity trading, $195.5 million from options contracts, $13.7 billion from crypto trading in the Robinhood App, and $14.4 billion from crypto trading on the Bitstamp exchange.

Hyperliquid processed $398 billion in perpetual contracts and $22.3 billion in spot trading during the same period, creating a $170.5 billion volume advantage over the retail trading platform. The August performance marks the platform’s strongest monthly showing since beginning its winning streak against Robinhood.

The volume comparison traces back to May, when Hyperliquid first overtook Robinhood with $256 billion versus $192 billion, according to data shared by Jon Ma from Artemis.

June volumes reached $231 billion for Hyperliquid compared to Robinhood’s $193 billion, followed by July’s $330.8 billion versus $237.8 billion performance. Its July advantage represented its largest monthly gap at 39.1% before August’s results widened the margin further to nearly 85%.

Amid these results, Hyperliquid’s HYPE token registered a new all-time high of $57.30 on Sept. 12, up roughly 760% from its launch price of $6.51 on Nov. 28, 2024.

The platform continues to demonstrate how decentralized exchanges can compete directly with established retail trading platforms while maintaining lean operational structures that generate outsized returns per employee.

Mentioned in this article
]]> https://earlybirdsinvest.com/hyperliquid-tops-nasdaqs-2024-net-income-beats-robinhoods-trading-volume-4-months-in-a-row/feed/ 0 58363 Ethereum Whales Boost Holdings by 14% in 5 Months as Price Targets $4,500 https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/ https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/#respond Fri, 05 Sep 2025 03:35:14 +0000 https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/

After a strong rally last month that catapulted Ethereum to a fresh all-time high near $5,000, the altcoin suffered a choppy price action.

However, Ethereum is making a push to reclaim the crucial $4,500 level, as deep-pocketed ETH whales quietly load up in the background.

Whale Buying Spree

Ethereum is seeing steady accumulation from mid-sized whales and sharks holding 1,000-100,000 ETH.

Over the past five months alone, these influential investors have boosted their holdings by 14%, amidst growing confidence, according to the latest data shared by Santiment. This trend started when ETH was trading near yearly lows of around $1,800-$1,400.

Such a pattern can provide strong support for the altcoin’s ongoing price momentum. Beyond these mid-sized wallets, Altcoin Vector zooms in on specific whale cohorts and found that the buying activity from these hodlers also aligns with ETH’s broader price impulse.

Its data revealed that Ethereum is breaking free from the bearish compression that has weighed on its price, but a decisive push beyond $5,000 depends on renewed whale accumulation. Their analysis highlights that between mid-July and August, mega whales holding at least 10,000 ETH, followed by large whales with 1,000-10,000 ETH, significantly increased their holdings.

Interestingly, these periods of accumulation coincided with the development of Ethereum’s aggregate impulse, which points to the influence of strong hands on price momentum. For ETH to clear the all-time-high zone without stalling, a similar wave of conviction-driven accumulation is essential. While there is visible spot demand for Ethereum, derivatives-led speculation has played a larger role in moving the price recently.

However, a breakout above resistance could change this, and boost spot-driven confidence to spark the next strong impulse. If such momentum materializes, Ethereum may finally overcome prior highs and establish itself firmly above the $5,000 threshold.

500,000 ETH Leaves Exchanges

The popular crypto analyst Ali Martinez reported that 500,000 ETH, worth around $2.1 billion, was withdrawn from centralized exchanges over the past week.

Large-scale outflows like these are often interpreted as investors moving assets into self-custody, which can lower selling pressure on exchanges at a time when the asset is attempting to reclaim key resistance levels.

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]]> https://earlybirdsinvest.com/ethereum-whales-boost-holdings-by-14-in-5-months-as-price-targets-4500/feed/ 0 56832 Shiba Inu Active Addresses Crash Over 50% In 3 Months, What About SHIB Price? https://earlybirdsinvest.com/shiba-inu-active-addresses-crash-over-50-in-3-months-what-about-shib-price/ https://earlybirdsinvest.com/shiba-inu-active-addresses-crash-over-50-in-3-months-what-about-shib-price/#respond Tue, 02 Sep 2025 10:40:15 +0000 https://earlybirdsinvest.com/shiba-inu-active-addresses-crash-over-50-in-3-months-what-about-shib-price/

Shiba Inu’s active addresses have crashed over 50% in three months, providing a bearish outlook for the top meme coin. This development has also coincided with the SHIB price crash during this period. 

Shiba Inu’s Active Addresses Crash Over 50%

Santiment data shows that Shiba Inu’s active addresses have crashed by over 50% since they peaked on May 2 at around 7,800. Since then, this metric has been on a downtrend, dropping to as low as 2,500 earlier in June. Now, the number of active SHIB addresses is currently at an average of 3,000. 

Related Reading

The drop in Shiba Inu’s active addresses has followed the crash in the SHIB price. Notably, the meme coin reached a peak of around $0.17 in May and has been in a downtrend since then. CoinMarketCap data shows that Shiba Inu is down over 10% from its 3-month high in May. SHIB’s decline has occurred despite the bullish sentiment in the broader crypto market. 

Shiba Inu
Source: Chart from Santiment on X

During this period, Bitcoin and Ethereum have rallied to new all-time highs (ATHs). However, the SHIB price has underperformed despite its positive correlation to the flagship crypto assets. Meanwhile, Shiba Inu’s network growth also paints a bearish picture for the meme coin. Santiment data shows that this metric has been on a downtrend since it peaked in July. 

Back then, the network growth hit 2,309 in reference to the number of new users adopting Shiba Inu. Since then, the network growth has spiraled down, dropping to as low as 1,078 on September 1. However, a positive for the SHIB price is that the number of holders has increased during this period. 

Santiment data shows that the total number of SHIB holders has increased during the past three months and is currently at 1.53 million. This suggests that investors continue to believe in the SHIB price’s trajectory, despite its underperformance so far. The meme coin is down over 43% year-to-date (YTD). 

SHIB Price Confirms Bullish Pattern

From a technical analysis perspective, crypto analyst Javon Marks has also provided a bullish outlook for Shiba Inu. In an X post, he stated that the SHIB price has confirmed a bullish pattern in a regular bull divergence, as indicated by the MACD Histogram. 

Related Reading

Marks explained that this suggests that a major bullish reversal back to the upside may be on the horizon. This could include a rally of over 163% to the $0.00003 range, which the analyst claimed may only be the start. As the SHIB price continues to hold its breakout over an older structure, he predicted that the meme coin could record a rally of over 570% to the $0.000081 breakout target. 

At the time of writing, the Shiba Inu price is trading at around $0.00001228, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Shiba Inu
SHIB trading at $0.000012 on the 1D chart | Source: SHIBUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

]]> https://earlybirdsinvest.com/shiba-inu-active-addresses-crash-over-50-in-3-months-what-about-shib-price/feed/ 0 56375 ETH Continues to Outpace BTC Amid Biggest Bitcoin ETF Outflows in Months: Bitfinex Alpha https://earlybirdsinvest.com/eth-continues-to-outpace-btc-amid-biggest-bitcoin-etf-outflows-in-months-bitfinex-alpha/ https://earlybirdsinvest.com/eth-continues-to-outpace-btc-amid-biggest-bitcoin-etf-outflows-in-months-bitfinex-alpha/#respond Wed, 27 Aug 2025 01:22:45 +0000 https://earlybirdsinvest.com/eth-continues-to-outpace-btc-amid-biggest-bitcoin-etf-outflows-in-months-bitfinex-alpha/

Following a period of substantial inflows, U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) are facing a season of major outflows. During this time, Bitcoin ETFs are leading, and these withdrawals are reflecting the price of the underlying asset.

Data reviewed by analysts at the crypto exchange Bitfinex revealed that investors withdrew at least $1.18 billion from spot Bitcoin ETFs last week. Their Ethereum counterparts saw fewer outflows, possibly due to the ongoing capital rotation into the altcoin market.

A Week of Consistent Outflows

Bitcoin ETFs have recorded net outflows of more than $1.5 billion over six consecutive trading days from August 15 to 22. The negative numbers came after a seven-day streak of inflows leading up to bitcoin’s latest all-time high (ATH) of over $124,000. Market experts believe the demand decline reflects a more measured appetite from investors at this stage in the bull cycle.

Within the same timeframe, Ethereum ETFs have also witnessed outflows exceeding $918 million; however, the negative streak did not continue beyond August 20. Despite these outflows, ETH proceeded to reach an ATH above $4,940 on August 24, although it had retraced at press time. Bitcoin, on the other hand, has been on a decline, tumbling by over $15,000 from top to bottom.

Investors’ risk-off approach to the Jackson Hole symposium exacerbated bitcoin’s decline; they de-risked their investments ahead of the meeting. Although the market took a dovish stance after the meeting, BTC could not maintain the bullish momentum. The leading digital asset slumped below $109,000 on Monday.

Institutions Support ETH Momentum

While BTC struggled to stay bullish, ETH was on the rise, driven by persistent accumulation from Ethereum treasury companies. These entities have been absorbing a significant portion of the selling pressure on ETH, reducing downside risk. They have provided meaningful support, with their consistency helping Ethereum ETFs to outpace their Bitcoin counterparts.

Interestingly, the ETH treasury company Bitmine Immersion Technologies has overtaken MARA Holdings to become the second-largest digital asset treasury. MARA is a Bitcoin mining firm. Such developments underscore ether’s new role as a liquidity driver for institutional markets.

While this week’s price momentum for BTC and ETH hinges on inflows from institutions and treasury companies, Bitfinex urges traders to keep their expectations low. This is because historically, risk asset ETFs often witness a slowdown in positive flows towards the end of summer in August and September.

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]]> https://earlybirdsinvest.com/eth-continues-to-outpace-btc-amid-biggest-bitcoin-etf-outflows-in-months-bitfinex-alpha/feed/ 0 55294 XRP Ledger’s First File Storage Testnet Could Launch In Just 2 Months https://earlybirdsinvest.com/xrp-ledgers-first-file-storage-testnet-could-launch-in-just-2-months/ https://earlybirdsinvest.com/xrp-ledgers-first-file-storage-testnet-could-launch-in-just-2-months/#respond Mon, 25 Aug 2025 22:59:25 +0000 https://earlybirdsinvest.com/xrp-ledgers-first-file-storage-testnet-could-launch-in-just-2-months/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

An XRP Ledger (XRPL) developer building under the pseudonym “Vincent Van Code” says an MVP testnet for an “immutable forever file storage” service could arrive “likely 2 months” from now, after the idea evolved from simple document notarization to a compliance-oriented, globally mirrored archive that anchors control to popular wallets.

First XRP Ledger Based File Storage

In an initial post on August 18, 2025, the developer described the original scope as notarization on XRPL with on-chain hashing and a signing layer bound to legal documentation. “I am working on a new startup that will bring notarized documents to the XRPL,” he wrote. “Basically, you have a document you want an official record to say existed at a point in time. The doc is loaded in our servers, the hash of the file is sent to the XRPL, and I also provide a unique crypto based signing system to verify parties have signed. I also provide bundled relevant legal documents and affidavits to allow you to provide full evidence in court.”

He framed the go-to-market around enterprise users before a broader push to everyday records: “To be used initially mainly by companies and law firms, but later expanding to anything, from medical reports, tax receipts, you name it.” Pricing, he added, would be stratified: “Will be multi-tiered, where tier 0 is free and goes all the way to tier 4 which includes KYC signatories. All on our dear XRP Ledger. I would welcome everyone’s opinion on this.”

Today, the developer said the team had started writing code and, in the process, expanded the ambition from notarization to long-term preservation with explicit compliance targets and a wallet-centric control model. “Update: we have started coding… What we landed on is quite different to what we set out to do, and it is now a far more meaningful problem we are solving,” he said.

“Immutable, compliant (SOC2t2/ISO27001/SEC) 100yr storage. Built on XRPL, with files stored on multiple mirrors globally. Pay once depending on retention, store your file. And it’s not that expensive. All files fully linked and controlled by your wallet, either Xaman (formerlly XUMM) or a custodian provider (enterprise grade). Our journey has begun. I will keep you updated. Will have an MVP TESTNET hopefully in the next 2 of 3 weeks. You will be able to use a test wallet to upload files (of course files won’t be immutable in test, and will delete each week). Thanks all for your feedback, lot of it actually helped.”

He then characterized the effort in more sweeping terms while reiterating the testnet window. “We have started to build the world’s first XRPL powered immutable forever file storage. This is a game changer. I would love your feedback and suggestions. MVP TESTNET ETA likely 2 months.”

Taken together, the statements outline a two-phase path: a near-term test environment where users can upload via a test wallet with ephemeral files, followed by a broader MVP testnet rollout tied to XRPL-linked identity and signatures, and a commercial model that promises a single, retention-based payment for multi-mirror, 100-year storage.

At press time, XRP traded at $2.90.

XRP price
Price falls back below the 0.786 Fib, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

]]> https://earlybirdsinvest.com/xrp-ledgers-first-file-storage-testnet-could-launch-in-just-2-months/feed/ 0 55110 IRS Digital Assets Chief Trish Turner Resigns After Three Months https://earlybirdsinvest.com/irs-digital-assets-chief-trish-turner-resigns-after-three-months/ https://earlybirdsinvest.com/irs-digital-assets-chief-trish-turner-resigns-after-three-months/#respond Sat, 23 Aug 2025 22:58:35 +0000 https://earlybirdsinvest.com/irs-digital-assets-chief-trish-turner-resigns-after-three-months/

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

Last updated: 

IRS Digital Assets Chief Trish Turner Resigns After Three Months

Trish Turner has stepped down as head of the United States Internal Revenue Service’s (IRS) digital assets division, leaving the role after just three months.

Key Takeaways:

  • IRS digital assets chief Trish Turner resigned after just three months and will join Crypto Tax Girl as tax director.
  • Her departure comes amid growing scrutiny of the IRS’s handling of crypto taxation and calls for clearer policy frameworks.
  • Turner’s move reflects a wider trend of senior regulators transitioning into crypto advisory roles as the industry faces major compliance shifts.

Turner announced her departure in a LinkedIn post on Friday, reflecting on her two-decade career at the agency.

“After more than 20 years with the IRS, I have closed an extraordinary chapter of my career with deep appreciation for those who shaped my journey and made the work so meaningful,” she wrote.

Turner Vows to Bridge Gap Between Industry and Regulators

Turner added that she looked forward to “building bridges between industry and regulators” from a new position outside the agency.

Bloomberg Tax later reported that Turner will join Crypto Tax Girl, a private tax advisory firm, as its new tax director.

Founder Laura Walter confirmed the appointment, saying Turner’s expertise will help clients navigate the growing list of compliance challenges.

“With all of the big crypto tax and compliance changes on the horizon, we are excited to have Trish on board,” Walter said.

Her resignation comes at a critical moment for U.S. crypto taxation. The IRS has been under increasing pressure to modernize its digital asset strategy, following repeated criticism from lawmakers and watchdog agencies over its handling of crypto-related investigations.

Turner herself was only appointed in May, following the departures of Sulolit “Raj” Mukherjee and Seth Wilks, who left the division after roughly a year.

The shake-up coincides with heightened congressional scrutiny. Last month, the House Committee on Ways and Means announced a hearing on how to establish a clear tax framework for digital assets.

Earlier in July, the Treasury Inspector General for Tax Administration recommended reforms to the IRS’s criminal investigation unit, citing failures to follow protocols in crypto cases.

Meanwhile, the broader regulatory environment has shifted under the Trump administration.

In April, the president signed a resolution overturning a Biden-era rule that would have required decentralized finance (DeFi) protocols to report user transactions to the IRS.

Turner’s move to the private sector highlights the ongoing migration of senior government officials into crypto-focused firms, as the industry braces for sweeping changes in U.S. tax and compliance policy.

IRS Ramps Up Crypto Tax Crackdown With Surge in Warning Letters

As reported, the IRS has intensified its scrutiny of crypto investors in the United States, sending out a wave of warning letters over the past two months.

Tax experts say the letters point to growing enforcement efforts after the agency flagged discrepancies in filings linked to digital asset transactions.

CoinLedger, a crypto tax filing platform, said it received nearly 800 customer support queries about IRS letters between May and June, nine times more than the same period in 2024.

Tax attorneys have also seen a spike in outreach, with some firms now fielding multiple calls each week from concerned clients, compared to little or no activity last year.

The campaign recalls earlier IRS crackdowns in 2020 and 2021, when the agency issued widespread compliance letters after obtaining exchange data, including records from Coinbase.


]]> https://earlybirdsinvest.com/irs-digital-assets-chief-trish-turner-resigns-after-three-months/feed/ 0 54790 American Academy of Pediatrics recommends COVID shots for children ages 6 months to 2 years https://earlybirdsinvest.com/american-academy-of-pediatrics-recommends-covid-shots-for-children-ages-6-months-to-2-years/ https://earlybirdsinvest.com/american-academy-of-pediatrics-recommends-covid-shots-for-children-ages-6-months-to-2-years/#respond Wed, 20 Aug 2025 16:05:22 +0000 https://earlybirdsinvest.com/american-academy-of-pediatrics-recommends-covid-shots-for-children-ages-6-months-to-2-years/

Contrary to the Trump Administration’s loon, RFK Jr’s unscientific guidance not to vaccinate children, the AAP wants us to protect our kids.

Just as disgusting as RFK Jr’s conspiracy theory-motivated call to endanger children is his department’s attempt to call good science “baseless political attacks.”

The AAP is strongly recommending COVID-19 shots for children ages 6 months to 2 years. Shots also are advised for older children if parents want their kids vaccinated, the AAP said.

That differs from guidance established under U.S. Health Secretary Robert F. Kennedy Jr., which doesn’t recommend the shots for healthy children of any age but says kids may get the shots in consultation with physicians.

Children ages 6 months to 2 years are at high risk for severe illness from COVID-19, and it was important that recommendations continue to emphasize the need for them to get vaccinated, said Campbell, a University of Maryland infectious diseases expert.

Vaccinations also are recommended for older children who have chronic lung diseases or other conditions that put them at higher risk for severe disease, the AAP said.

In a statement, Department of Health and Human Services spokesperson Andrew Nixon said “the AAP is undermining national immunization policymaking with baseless political attacks.”

NBC

Vaccination saves lives. It is our obligation to one another to protect those who can not be protected by getting vaccinated when recommended. Don’t listen to the fools.

Previously:
• Dispelling RFK, Jr.’s disinformation, crowd-sourced database includes hundreds of randomized controlled trials of vaccines
• Study shows how memes impact vaccine hesitancy
• RFK Jr.s lawyer petitions to ban Polio vaccine
• Anti-Vaxxers successfully bring back measles and whooping cough
• Politician who opposed mandatory chickenpox vaccine has been hospitalized after getting chickenpox

]]> https://earlybirdsinvest.com/american-academy-of-pediatrics-recommends-covid-shots-for-children-ages-6-months-to-2-years/feed/ 0 54213 Strategy goes down four months as the Ministry of Crypto Stock, Digital Assets sinks https://earlybirdsinvest.com/strategy-goes-down-four-months-as-the-ministry-of-crypto-stock-digital-assets-sinks/ https://earlybirdsinvest.com/strategy-goes-down-four-months-as-the-ministry-of-crypto-stock-digital-assets-sinks/#respond Tue, 19 Aug 2025 22:57:54 +0000 https://earlybirdsinvest.com/strategy-goes-down-four-months-as-the-ministry-of-crypto-stock-digital-assets-sinks/

Crypto-related stocks fell on Tuesday in a massive market crypto slide that brought Bitcoin

Up to $113,000.

strategy (MSTR)BTC’s biggest corporate owner closed session 7.8% at $336 at its weakest price since April 22.

Ethereum

Finance Company Sharplink Game (sbet) And Bitmine (BMNR) Solana-centric accumulators have lost 8%-9% while developing (DFDV) And upexi (upxi) We pointed out 13.7% and 9% respectively.

Digital asset investment company Galaxy (glxy) 10% slides during Robin Hood (Food) Sink Coinbase with 6.5% (coin) A 5.8% decrease. BTC Minor Mara Holdings (Mara) Some high-flying HPC names like Bitdeer have dropped by nearly 6% (BTDR)Iren (Airen) and hut 8 (Housing) It fell by almost 10%.

Risk appetite quickly evaporated this week as traders anticipate Chairman Jerome Powell’s speech on Friday in Jackson Hole, Wyoming.

Read more: Bitcoin falls below $114K, Ether loses $4.2K as Jackson Hole speech may bring a surprise to Hawkish

]]> https://earlybirdsinvest.com/strategy-goes-down-four-months-as-the-ministry-of-crypto-stock-digital-assets-sinks/feed/ 0 54080 Ethereum staking faces $3.28 billion exit queue as delays hit longest wait in months https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/ https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/#respond Thu, 14 Aug 2025 15:36:09 +0000 https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/

Ethereum’s staking network is under sustained withdrawal pressure, with the validator exit queue experiencing its longest wait time over the past month.

Data from the Validator Queue shows that, as of Aug. 14, stakers face an average of 12 days before they can fully withdraw their funds, a sharp departure from the typical sub-day turnaround.

Ethereum Validators Queue
Ethereum Validators Queue (Source: validatorqueue.com)

CryptoSlate first highlighted this trend on July 21, when the withdrawal queue surpassed the entry queue. The backlog has remained elevated ever since.

As of press time, 698,575 ETH (roughly $3.28 billion) are queued for withdrawal, while only 105,000 ETH, valued at about $472 million, are currently entering the network.

Ethereum Validators Queue
Ethereum Validators Queue (Source: validatorqueue.com)

What is driving staked ETH withdrawals?

DeFi analyst Ignas pointed out that the most recent withdrawals are concentrated among the top three liquid staking token (LST) providers, including Lido, EtherFi, and Coinbase. These platforms allow users to stake ETH while retaining liquidity through derivative tokens.

Top Ethereum Stakers Withdrawing
Top Ethereum Stakers Withdrawing Their Assets (Source: Ignas/X)

Considering this, he attributed the surge in withdrawals from these platforms to unwinding leveraged ETH positions to capture higher yields.

Meanwhile, he also noted that a widening stETH/ETH depeg may be influencing validator behavior, alongside large positions being taken in anticipation of upcoming ETH staking ETFs.

In addition, profit-taking could be another factor behind the exit wave. Long-term stakers may be taking advantage of Ethereum’s recent price rally to withdraw funds from the staking program and realize gains.

]]> https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/feed/ 0 53176 Ethereum To Break All-Time Highs in Coming Months, Predicts Analyst Benjamin Cowen – Here’s When https://earlybirdsinvest.com/ethereum-to-break-all-time-highs-in-coming-months-predicts-analyst-benjamin-cowen-heres-when/ https://earlybirdsinvest.com/ethereum-to-break-all-time-highs-in-coming-months-predicts-analyst-benjamin-cowen-heres-when/#respond Mon, 04 Aug 2025 12:54:33 +0000 https://earlybirdsinvest.com/ethereum-to-break-all-time-highs-in-coming-months-predicts-analyst-benjamin-cowen-heres-when/

A widely followed crypto analyst says that Ethereum (ETH) looks set to reach a new all-time high within the next few months.

In a new strategy session, Benjamin Cowen tells his 917,000 YouTube subscribers that the second-largest digital asset by market cap has met his previous criteria of forming a higher macro low, therefore setting it up for an eventual push to new highs.

“For a long time, my bias was that it made sense to fade Ethereum because it was going to bleed against Bitcoin, and it needed to go home. It needed to form a macro higher low. Now, that’s happened. So, what is my bias now, right? Well, my bias now is that it will make new all-time highs and I’m going to say no later than December.”

Cowen sees Ethereum hitting its market cycle top before January 2026, with a maximum price tag of $7,500.

“I think the top for Ethereum for this market cycle will occur no later than January, and it could very well occur before that. It depends on what happens. So let’s suppose that Ethereum does go to a new all-time high this cycle and let’s suppose it happens within the next 5 to 6 months…

We did this whole video on the butterfly effect, where essentially if you go through the butterfly effect, it calls for a price of Ethereum, potentially of $5,300 to as high as $7,500. So, I say that again. $5,300 to $7,500 is a range that would be justified if you believe in that butterfly harmonic pattern that we’ve been following for a while.”

The butterfly effect refers to a harmonic pattern Cohen believes Ethereum is following, one that leads to a cycle top and an ensuing bear market.

Ethereum is trading for $3,499 at time of writing, a 3% increase during the last 24 hours.

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]]> https://earlybirdsinvest.com/ethereum-to-break-all-time-highs-in-coming-months-predicts-analyst-benjamin-cowen-heres-when/feed/ 0 51412