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Ethereum Home » Ethereum » Ethereum is now bigger than Netflix, Mastercard as price hovers 4% from ATH Powered by Gloria | Edited by Vivian Nguyen Aug. 13, 2025 Ethereum is now eyeing a place among the world’s 20 most valuable assets. Key Takeaways Ethereum leapt ahead of Netflix and Mastercard as its market cap topped $565 billion. The second-largest crypto asset is now only 4% away from its all-time high. Share this article Ethereum outpaced Netflix and Mastercard in market capitalization as the digital asset rallied past $4,700 for the first time since November 2021. Ethereum’s market capitalization has risen above $565 billion, exceeding Netflix’s $520 billion and Mastercard’s $519 billion, making it the world’s 22nd largest asset, according to CompaniesMarketCap. ETH is also ahead of Bitcoin in year-to-date growth at 40% versus 29%, although Bitcoin still leads ETH in one-year returns, according to TradingView data. The second-largest crypto asset is currently trading at $4,680, approximately 4% below its all-time high of $4,868. The bullish momentum comes amid a sustained Ethereum buying spree by publicly traded companies. In recent weeks, BitMine Immersion and SharpLink Gaming have been among the most aggressive acquirers, with their combined ETH holdings now worth more than $8 billion. Others are also joining the race, such as ETHZilla, backed by Peter Thiel’s investor group, Fundamental Global, which is targeting a 10% stake in the Ethereum network, and The Ether Machine, among others. Share this article Read More

One of the most prolonged cases in the crypto world surrounding the infamous Terra has finally seen its former head accept responsibility for his crimes. Court documents reveal the magnitude of the offences, and hopefully, this can bring some peace to the affected. Owning Up to the Wrongdoings The U.S attorney for the Southern District of New York, Jay Clayton, announced yesterday that Do Hyeong Kwon (Do Kwon) pled guilty to one count of conspiring to commit commodities, securities, and wire fraud, and one count of committing wire fraud connected to deceitful schemes at Terraform. The platform was touted by the charged CEO as a self-contained, decentralized financial ecosystem, leveraging pioneering blockchain technology and offering a variety of financial products, including its own cryptocurrency, payment system, stock market, and savings bank. The harsh reality was that investors and users of Terraform were unaware that none of the instruments offered functioned as intended and were manipulated to believe that everything was working optimally. Do Kwon admitted guilt before U.S. District Judge Paul A. Engelmayer. “Do Kwon used the technological promise and investment euphoria around cryptocurrency to commit one of the largest frauds in history,” said Clayton. “Kwon attracted tens of billions in funds to Terraform’s ecosystem by promising a self-stabilizing stablecoin. By the time the markets discovered that the ecosystem was unstable, it was too late: the system collapsed, and investors around the world suffered billions of dollars in losses.” The allegations stated in the Superseding Indictment, along with further court proceedings and public filings, note that the company was founded in 2018. It distinguished its blockchain from others by issuing algorithmic stablecoins under the “Terra Protocol.” According to reports, these stablecoins maintained their value regardless of changes in underlying market conditions. Around September 2020, the dollar-pegged TerraUSD (“UST”) was launched, and promotional materials claimed that under the protocol, one UST can always be exchanged for $1 worth of the blockchain’s native token, LUNA, and vice versa. The Numerous False Pretenses Over the years, the company, alongside its various entities, developed and advertised several financial products as decentralized finance applications, aimed at increasing the number of users and transactions on the Terra blockchain. Some of them include: Chai, a Korean payments platform that was supposedly using the Terra blockchain to process transactions around June 2019, was untrue, as traditional methods and networks were used for processing. Mirror Protocol, which went live in December 2020, enabled users to create, buy, and sell synthetic versions of assets, such as stocks listed on US exchanges, using the now obsolete blockchain. In reality, Terraform had control over the protocol and utilized trading bots to manipulate the prices of the assets that it issued. The Luna Foundation Guard Ltd (“LFG”) was a public entity launched around January 2022 that purportedly maintained a reserve worth billions of dollars in cryptocurrency, known as the “LFG Reserve,” to maintain UST’s dollar peg. This was claimed to be regulated by an independent governing body, when in fact, Terraform reigned over it. Do Kwon received funding from several investment firms in the United States and elsewhere, with the primary agreement being to either purchase or loan the cryptocurrencies created on the Terra blockchain. At the peak of the corporation’s growth, the co-founder who was charged became one of the most affluent leaders in the industry. Terraform’s pinnacle was around the start of 2022, when the market cap of UST and LUNA went over $50 billion, with the majority of this expansion attributed to misrepresentations about the company and its products. By May 2022, the dollar peg of the UST had already begun to break down, a trend that had started the previous year. They managed to cover this up in 2021, but failed to do so the following year, which led to their collapse and the loss of over $40 billion. A short time later, arrest warrants and an Interpol Red Notice were issued against the former CEO. Around the end of March 2023, Do Kwon was captured in Europe while using a fake passport. Authorities from the US submitted a request for his extradition shortly after that, and there was considerable back and forth regarding where he would be charged and tried. He was deported to the United States at the end of last year. Earlier in June, he pleaded not guilty, but eventually succumbed to the numerous charges against him. As part of his plea, he will have to forfeit $19 million in proceeds from the fraudulent schemes and will be sentenced by Judge Engelmayer on December 11, 2025. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details). LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Read More

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The Indian Rupee gains against the US Dollar as the latter has been battered by intensifying Fed dovish expectations. The US core inflation grew at a faster pace of 3.1% in July. India’s retail inflation grew at the slowest pace of 1.55% in eight years. The Indian Rupee (INR) trades higher against the US Dollar (USD) in afternoon trading hours on Wednesday. The USD/INR pair falls to near 87.65 as the US Dollar extends its downside as traders have raised bets supporting interest rate cuts by the Federal Reserve (Fed) in the September monetary policy meeting after the release of the US CPI data for July. At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.4% lower to near 97.70, the lowest level seen in two weeks. According to the CME FedWatch tool, the probability of the Fed to cut interest rates in the September meeting has increased to 94% from almost 86% recorded on Monday. The US CPI report showed that the headline inflation grew at a steady pace of 2.7% on year, slower than expectations of 2.8%. The core CPI – which excludes volatile food and energy items – rose at a faster pace of 3.1%, compared to expectations of 3% and the prior reading of 2.9%. Contrary to market expectations, analysts at Scotiabank have stated that a “closer look at the July CPI data shows inflation’s pulse accelerated to its highest pace since January, with core consumer prices up 0.3% on the month. While further inflation is due before the September meeting, nothing in here says cut.” US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Swiss Franc. USD EUR GBP JPY CAD AUD INR CHF USD -0.45% -0.53% -0.38% -0.12% -0.45% -0.10% -0.53% EUR 0.45% -0.03% 0.03% 0.32% 0.01% 0.36% -0.08% GBP 0.53% 0.03% 0.10% 0.35% 0.04% 0.42% -0.03% JPY 0.38% -0.03% -0.10% 0.26% -0.08% 0.24% -0.15% CAD 0.12% -0.32% -0.35% -0.26% -0.35% 0.09% -0.38% AUD 0.45% -0.01% -0.04% 0.08% 0.35% 0.37% -0.09% INR 0.10% -0.36% -0.42% -0.24% -0.09% -0.37% -0.38% CHF 0.53% 0.08% 0.03% 0.15% 0.38% 0.09% 0.38% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Daily digest market movers: Indian Rupee remains under pressure as inflation cools down The downside move in the USD/INR pair is majorly driven by the US Dollar as the Indian currency is also under severe pressure. The outlook of the Indian Rupee has become uncertain as growing risks of India’s retail inflation undershooting the Reserve Bank of India’s (RBI) already-lowered inflation forecast have paved the way for more interest rate cuts. On Tuesday, India’s retail Consumer Price Index (CPI) came in at 1.55% on year, the lowest level seen since June 2017. Economists expected price pressures to have grown at a moderate pace of 1.76% against the prior reading of 2.1%. In the monetary policy announcement earlier this month, the RBI revised inflation projections for the current financial year to 3.1% from 3.7% anticipated earlier. Cooling inflationary pressures in India, which demonstrate muted consumer demand, have come at a time when the economy is anticipating tariffs imposed by the United States (US) to shave off 30-40 basis points (bps) Gross Domestic Product (GDP) growth. According to a written response from Union Minister of State for Finance Pankaj Chaudhary to Lok Sabha MP Abhishek Banerjee, “It is estimated that around 55% of the total value of India’s merchandise exports to the US is subject to this reciprocal tariff,” Hindustan Times (HT) reported. Last week, US President Donald Trump raised tariffs on imports from New Delhi to 50% for purchasing Oil from Russia. On the trade deal outlook with India, US Treasury Secretary Scott Bessent said in an interview with Fox Business on Tuesday that New Delhi had been “a bit recalcitrant” in trade talks with the US. Technical Analysis: USD/INR falls to near 87.65 USD/INR drops to near 87.65 on Wednesday. However, the near-term trend of the pair remains bullish as the 20-day Exponential Moving Average (EMA) slopes higher around 87.30. The 14-day Relative Strength Index (RSI) oscillates inside the 60.00-80.00 range, suggesting a strong bullish momentum. Looking down, the 20-day EMA will act as key support for the major. On the upside, the August 5 high around 88.25 will be a critical hurdle for the pair. Inflation FAQs Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%. The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls. Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation.

KinderCare Learning Companies, Inc. reported $700.11 million in revenue for the quarter ended June 2025, representing no change year over year. EPS of $0.22 for the same period compares to $0 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $709.57 million, representing a surprise of -1.33%. The company delivered an EPS surprise of -8.33%, with the consensus EPS estimate being $0.24. While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance. Here is how KinderCare Learning Companies, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Early childhood education centers: 1,589 versus 1,584 estimated by two analysts on average. Total centers and sites: 2,632 versus the two-analyst average estimate of 2,574. Before- and after-school sites: 1,043 compared to the 990 average estimate based on two analysts. Revenue- Before- and after-school sites: $52.44 million compared to the $51 million average estimate based on two analysts. Revenue- Early childhood education centers: $647.68 million versus the two-analyst average estimate of $660.3 million. Shares of KinderCare Learning Companies, Inc. have returned +0.6% over the past month versus the Zacks S&P 500 composite’s +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Download 7 Best Stocks for the Next 30 Days. Click to get this free report Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed. Read More

In today’s edition of the Daily Stock Report, we are going to provide an update on United Parcel Service (UPS). The last time we highlighted United Parcel Service (UPS) in our commentary’s was almost four months ago on March 26, 2025. Back then, the shares were exhibiting a steady downtrend since its peak in early 2022. The shares were deeply entrenched in the red unfavored zone of many of the reports it was found in on the SIA Platform including the SIA S&P 500 Index. The SIA Platform issued a Yellow Neutral Zone with a Red SMAX signal back on September 16, 2022, at a price of $176.71. At the time of our last commentary on March 26, 2025, the shares were at $109.96 which represented an approximately 40% drop in price since the yellow neutral zone signal. Since then, the shares have continued to weaken further as the closing price is now at $86.49 which represents an additional 27% drop since the March 26, 2025 closing price. This represents a total decline in price of almost 52% since September of 2022. This exemplifies the example of staying away from investments in the red unfavored zone. Capital preservation and avoiding portfolio destruction are important concepts at SIA. Many advisors may instinctively look for names in the unfavored zone with the mentality that the shares are oversold and a “value buy” is in play. However, “value buys” may in fact be “value traps” and the shares may continue to fall further in price which is in fact what has occurred here. In looking at the candlestick chart we still see a steady pattern of lower highs and lower lows. The two long red candlesticks in late January and last week is indicative of the disappointing quarterly earnings releases with an increase in Volume. In last week’s earnings release the company reported mixed quarterly results and declined to offer full-year guidance, citing macroeconomic uncertainty which the market took a disliking to. What is most interesting is the SIA relative strength readings was already hinting at negative news for several months even before the earnings announcement as the SIA Platform had indicated deteriorating money flows well before January and last week’s news. Currently, the shares made a new lower low and next support really isn’t found until the $70 area, levels not seen since the March 2020 Covid meltdown. This will be an important level to watch to see if the shares can find support there. Resistance may be found at the short but brief rally at a little over a $100 prior to the last earnings release. Let’s dive in and see what the Point and Figure Chart looks like today. Once again, the picture has not changed with a consistent pattern of lower highs and lower lows. In March’s update we identified support levels at $109.49 and below that, the $97.22 to $93.45 area which has failed to hold. As such the downward trend is still firmly intact as a new lower low has transpired this month with a column of O’s lasting 10 boxes thus far. Currently the shares are exhibiting a bearish double bottom pattern. The shares may find some minor support right here at $83.27 coinciding with where the shares were in the June 2020 level. Below that, next support is staggered at $73.94 and then $69.67 potentially halting further declines. To the upside, resistance is at its 3 box reversal of $91.93 and above that, the $100 round number and psychological level. With a SMAX score of 0 out of 10, UPS is not exhibiting any near term strength whatsoever against the asset classes and also has a negative sector backdrop as the Transportation Sector is ranked unfavored with SIA Market Sector Report. Unlock exclusive gold and silver trading signals and updates that most investors don’t see. Join our free newsletter now! The views and opinions expressed in the posts of the CMT Association are those of the authors and do not necessarily reflect the official policy or position of the CMT Association. The information provided is for general informational purposes only and is not intended as investment advice. The CMT Association does not offer investment management or investment advisory services of any kind. The association strives to maintain the highest standards of professional competence and ethics among its members, who are required to abide by the Code of Ethics and Standards of Professional Conduct. Read More