From Yahoo Finance: 2025-06-03 21:06:00

In the world of crypto, ETH is trading above $2,500, up 40% on-month. Fund manager March Zheng is bullish on ETH, citing its superior scalability over Solana and lower inflation rate than Bitcoin. However, there’s skepticism about ETH breaking its all-time high of $4,868. Institutional interest in Ethereum is growing, with significant inflows noted.

AI tokens are a hot topic, with a market cap exceeding $27 billion. Analyst Teng Yang points out that decentralized compute networks needed for AI aren’t keeping pace. Decentralized platforms struggle with basic tasks like job routing and data transfers, posing challenges in competing with centralized cloud services like AWS or Google Cloud.

The Trump Organization denies involvement with the “$TRUMP Wallet” cryptocurrency project. Despite promotional branding linked to the former president, spokespersons clarify zero involvement, contradicting partnership announcements. The confusion reflects Trump’s controversial history with crypto ventures, including memecoins like Trump Coin and Melania Coin.

Revolut is eyeing cryptocurrency derivatives with a new job listing for a general manager. This move follows the successful launch of its professional-focused crypto exchange in the U.K. and EU. The U.K. market for crypto derivatives is gaining traction, with firms like GFO-X and Galaxy positioning themselves for growth.

In the markets, Bitcoin rose above $105K due to MicroStrategy’s $84 billion Bitcoin acquisition plan. ETH showed an uptrend with strong volume spikes, facing resistance at $2,651. Gold dipped to $3,356 per ounce, while Japan’s Nikkei 225 rose 0.83%. The S&P 500 climbed 0.58% boosted by Nvidia gains and positive investor sentiment on U.S. trade deals.



Read more at Yahoo Finance: ETH On-Chain Metrics Signal Potential Bull Run Ahead