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🌙 ETH Surges 10% to Year-to-Date Gain

It's six month high for ETH thanks to tailwinds from corporate ether treasury strategies and ETF inflows.\

Author

Mike Gavela
July 16, 2025

In partnership with

Crypto Roundup - July 16

Ether and other major cryptocurrencies surged on July 16 following a cooler-than-expected U.S. Producer Price Index reading and strong institutional demand. Ethereum’s native token ETH rallied roughly 6–9%, breaking above $3,200—the highest level since early February—and led the market higher. Bitcoin rebounded from a mid‑$116K dip, climbing back toward $120K. Meanwhile, XRP surged to a six‑month price high near $2.79–$3.00, driven by record‑level open interest approaching its January peak of about $8 billion.

Top Stories

  • Ethereum leads rally: ETH climbed ~6.5–9%, reclaiming the $3,200–$3,300 range—its highest since February—on ETF inflows and treasury-level buying.

  • Bitcoin rebounds strongly: Following a dip to ~$116K, BTC rebounded to near $120K as investors seized the opportunity.

  • XRP open interest spikes: XRP hit a six-month high (~$2.79–$3.00) as futures open interest surged toward a record ~$8 billion, signaling strong leveraged bullish sentiment.

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TOP STORIES

BTC, ETH Price News: Ether Leads Crypto Market Higher as Bitcoin Investors Buy the Dip

It's more than a five-month high for ETH thanks to tailwinds from corporate ether treasury strategies and ETF inflows.

www.coindesk.com/markets/2025/07/16/ether-leads-crypto-market-higher-as-bitcoin-attempts-to-shrug-off-dip

Crypto Markets Rally as Traders Digest PPI Data - "The Defiant"

Major digital assets posted gains on Wednesday, July 16, after core Producer Price Index (PPI) inflation data came in cooler-than-expected.

thedefiant.io/news/markets/crypto-market-rally-on-ppi-data-july-16

XRP Price Hits 6-Month High as Open Interest Soars to Record Levels - Decrypt

The price of XRP hit a six-month high on as notional open interest for the Ripple-linked digital asset surged to record levels.

decrypt.co/330473/xrp-price-hits-6-month-high-open-interest-soars-record

FUNDRAISING

Plasma (XPL) - Public Sale - 17 Jul 2025

Plasma (XPL) plans its public sale with features like zero-fee transfers and strong launch liquidity ($1B). These are very attractive for new users, and the sale could bring much attention in the crypto space. Early investors often push up the price if demand is high, especially for coins in hot se…

www.tradingview.com/news/coinmarketcal:662ee376e094b:0-plasma-xpl-public-sale-17-jul-2025

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OTHER HEADLINES

Bitcoin’s minimum transaction fee just got cut by 90%

Yesterday, the Bitcoin mining network began adopting a new, much lower threshold for minimum BTC transaction fees: 0.1 sat/vByte.

protos.com/bitcoins-minimum-transaction-fee-just-got-cut-by-90-a

World Liberty Financial holders back WLFI public trading with massive 99.9% positive votes

The proposal directs the team to activate transferability, allowing holders to move WLFI peer-to-peer and list on secondary venues, thereby shifting the network from a closed model to one of open participation.

cryptoslate.com/world-liberty-financial-holders-back-wlfi-public-trading-with-massive-99-9-positive-votes

Kinetiq Liquid Staking Rakes In $460 Million on Opening Day - "The Defiant"

Liquid staking protocol Kinetiq, which has been operational for about 24 hours, is now the second-largest DeFi project on Hyperliquid’s L1, HyperEVM, by total value locked.

thedefiant.io/news/defi/kinetiq-liquid-staking-rakes-in-usd460-million-on-opening-day

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