$ETHFI-USD

Ether.fi's ETHFI token surged 3.21% in 4 hours, driven by the launch of its USD stablecoin via Ethena's platform and a supportive Ethereum and DeFi market backdrop. The stablecoin, ether.fi USD, aims to integrate stablecoin balances into its ecosystem, supporting payments and card products. Ether.fi reports over $300 million in stablecoin balances and its card product has processed nearly $1 billion in spending.

ARK Invest tokenized its $1.3B venture fund on Ethereum via Securitize, while 21Shares launched Zcash and ETHFI ETPs on Euronext. ARKVX invests in tech firms like OpenAI and Stripe, while 21Shares' ETPs offer regulated crypto exposure. Both moves highlight blockchain's role in traditional finance and crypto convergence.

21Shares launched two crypto ETPs on Euronext: Zcash (ZCASH, ISIN CH1608218801) and ether.fi (ETHFI, ISIN CH1608218819). Both are physically backed, trade in EUR/USD, and have a 2.50% annual fee. ZCASH had $100,212 AUM, 5,000 securities, and a $20.04 NAV at launch. ETHFI had $99,612 AUM, 5,000 securities, and a $19.92 NAV. The products provide regulated exposure to Zcash and ether.fi's DeFi platform.

21Shares launched spot-backed ETPs for Zcash (ZEC) and Ether.fi (ETHFI) on Euronext Amsterdam and Paris, offering European investors exposure via brokerage accounts. Each ETP has a 2.5% management fee.

21shares launched two crypto ETPs: ether.fi ETP (ETHFI) and Zcash ETP (ZCASH), both physically backed and trading on European exchanges. ETHFI offers exposure to ether.fi's token, while ZCASH focuses on financial privacy and post-quantum security. The ETPs aim to simplify crypto investment by eliminating technical barriers.

21shares launched two new ETPs: ether.fi ETP (ETHFI) and Zcash ETP (ZCASH), both physically backed and trading on European exchanges. ETHFI offers exposure to ether.fi's ecosystem, while ZCASH focuses on privacy and quantum-resistant architecture. Both have a 2.50% fee and aim to simplify crypto investment for European investors.

Ether.fi (ETHFI) is nearing a key resistance level at $0.655, up 8.01% in 24 hours to $0.6282, with a market cap of $602.32M. Institutional integration news and a multi-week uptrend support the rally, but high holder concentration and a steep downtrend since launch pose risks. A breakout above $0.655 could target $0.814 and $0.999, while failure may see support at $0.483.

Bitcoin pulled back from a one-month high after WTI crude rose above $85, reviving inflation concerns and shifting flows toward haven assets. BTC dominance rose to 59% as altcoins and stablecoins saw outflows. Derivatives showed tighter long/short positioning and bearish CVDs in several tokens, while HYPE and XLM underperformed and NIGHT gained 19%.

Bitcoin and ether fell more than 2% after U.S. President Trump said the U.S.-Iran ceasefire is “over” and negotiating is a “waste of time,” following U.S. strikes on IRGC boats and Iranian attacks on Bahrain and Kuwait, according to news reports. CoinGlass cited $450M liquidations, mostly in altcoins; Solana retraced July gains. U.S. equity futures also dropped.

Bitcoin pulled back from a two-week high near $64,500 as futures open interest fell to 740K BTC from 776K on July 3, alongside weak spot demand via ETF flows and a negative Coinbase premium, according to market data. Over $500M in leveraged futures positions were liquidated in 24 hours. Ether fell to about $1,770. Altcoins diverged.