LiveWire

One of the co-founders of Ethereum, Vitalik Buterin, holds a wallet with over $1 billion worth of ETH. With the recent surge of Ethereum price, the 27 years old man has become one of the richest man in the world. That's a total of 333,520 ETH worth around $1.06 billion.

The largest digital currency now accounts for about 46% of total crypto market value of $2.3 trillion, down from roughly 70% at the start of the year CoinGecko said. Second best in class, Ether, is up to 15%, and a group of others outside the top few has doubled its share over the same period to 36%.

In 15 calendar days, Ethereum has gone from sub-$2000 puke to being over $3000. Ether has quadrupled year-to-date. ETH is now at its strongest relative to BTC since Aug 2018. There are multiple catalysts behind Ethereum’s rise: the first is an ongoing surge in activity on the chain; Retail interest in DeFi has also been rising as of late; the looming ETH 2.0 transition to a proof-of-stake consensus model, may be the prime events investors are anticipating. FundStrat's Tom Lee maintains his $10,500 target for Ethereum. Source: www.zerohedge.com 

The new cool cryptocurrency is called Solana (SOL). It jumped about 40% last week, increasing its market value by about $11.6 billion. The SOL token is used on the Solana blockchain, the latest network to take on Ethereum as the new capital of decentralized finance. 

Ether (ETH) soared Wednesday to a new all-time high near $2,700. JP Morgan, in a report Tuesday titled “Why is ETH outperforming?”, suggests the cryptocurrency’s valuations may be less dependent on demand from leveraged traders than for bitcoin (BTC). “Both BTC and ETH markets experienced comparable liquidity shocks earlier this month, which triggered a comparable de-leveraging of their respective derivatives markets in subsequent days," according to the JPMorgan analysts. However, ether's spot-market depth has recovered quicker than bitcoin's, according to JPMorgan. “Open interest data also suggests that the other side of these trades were easier to source,” suggesting better liquidity conditions in ETH futures relative to BTC futures. “Higher turnover on the public ETH blockchain means a noticeably higher fraction of those tokens can be considered highly liquid, further blunting the impact of futures liquidations.” The more resilient bid for ETH futures has allowed for a more rapid recovery in liquidity relative to BTC. “In combination with the continued growth for DeFi and other components of the Ethereum-based economy, this suggests some technical but occasionally important bullish tailwinds versus bitcoin," wrote JPMorgan. Sources: Coindesk, JP Morgan