Ethereum News by Thebittimes.Com

In what is a surprising move, Microsoft (MSFT) has seen its price target drop to $470. Indeed, research firm Piper Sandler gave the company an ‘Overweight’ rating in a recent note. The move is far from consensus, as the software company still has massive potential to surge. Its focus on AI and cloud development is key for Microsoft. As Nvidia (NVDA) and other AI-focused firms have skyrocketed, MSFT presents a clear opportunity, especially if you believe in the growth of the industry. With earnings season approaching, it’s an important time for the company to reestablish its dominance. Source – Sky News Also Read: Microsoft: AI, Cloud Focus has MSFT Eyeing Massive Start to 2025 Microsoft Gets $470 Price Target: Is MSFT Still a Tech Powerhouse for October? There are few high-profile stocks that have the kind of upside Microsoft does. One of the strongest brands in the tech sector, they have maneuvered brilliantly amid a shifting market. When demand for AI grew, the...

Institutional ethereum investment via ETFs reached a historic — and dismal — milestone yesterday when for an entire day on Wall Street, zero net new US dollars flowed into spot ether ETFs. Known as ‘daily total net flow’ or simply ‘flows’ in crypto parlance, this metric sums the total amount of money invested into spot ether ETFs (inflows) against the total amount of money withdrawn (outflows) on a daily basis. The intention of the metric is to communicate how much effect the spot ether ETFs — distinct from other investment vehicles like spot or derivative purchases — contribute to ether’s price on a day-to-day basis. Calculations are typically in US dollars and take into account all purchase and sale transactions across the nine spot ether ETFs listed on US stock exchanges by sponsors BlackRock, Fidelity, Bitwise, 21Shares, Franklin, Invesco/Galaxy, VanEck, and Grayscale’s two spot ETFs. Ether ETF flows have disappointed everyone Monday’s figure of $0 con...