Data from Deribit shows a significant concentration of ETH call options (as of this writing) around a strike price of $6,500 for June.
The term "ultrasound money" refers to a currency that resists inflation and maintains its long-term purchasing power.
Harvest Fund Management, Bosera Asset Management, and China Asset Management have secured approval from the Hong Kong regulator to launch spot ETFs for Bitcoin and Ethereum.
The blockchain gambling project ZKasino has transferred 10,515 ETH ($33 million) of user funds to the Lido staking protocol, despite initially promising to return them to their owners.
Following Fidelity's lead, Grayscale Investments has introduced the capability to utilize the ETH in its trust for staking, as part of its application to register a spot Ethereum ETF.
