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Ethereum (ETH) has once again breached the $4000 level. The asset has rallied 1.4% in the daily charts, 8.1% in the weekly charts, 10.1% in the 14-day charts, and 30% over the previous month. ETH’s price has also risen by 80.5% since December 2023. Also Read: Walmart is Yahoo’s Company of the Year: What’s It’s Stock Future? Source: CoinGecko Why Is Ethereum Rallying? ETH has struggled to hold the $4000 price point this year. The second-largest crypto project by market cap breached the $4000 mark in March and earlier this month. Prices did not hold in both instances, and the asset quickly faced a correction. Source: CNBC Also Read: Why is XRP called Ripple? ETH’s latest rally could be due to Bitcoin (BTC) rising to a new all-time high of $107,822 on Dec. 16, 2024. BTC is the market leader, and other assets tend to follow its trajectory. With Donald Trump’s inauguration set to take place on Jan. 20, 2025, we may witness another market-wide rally. Trump’s pro-crypto...

In this podcast episode, Wu Blockchain founder Colin Wu engages in a dialogue with Yan Meng, co-founder of Solv Protocol, to discuss the potential impact of Trump’s election win on the crypto industry. They explore how Trump might partially fulfill his campaign promises by easing crypto regulations, potentially creating new development opportunities for the industry through the Fit21 Act and a token “safe harbor.” The discussion delves into factors contributing to Trump’s changing stance on crypto, including fundraising needs and ideological influences from right-wing economic thought. Predictions for the industry’s future under a new administration, possible short-term market gains, and whether it could lead to a sustained bull run remain uncertain. They also discuss the effects of prediction markets on the industry, possible supply-side reforms under Trump, and strategies for the crypto sector to find growth opportunities within the regulatory environment in the coming years. The aud...