Token

Donald Trump

DeFi

According to experts and market sentiment, the upcoming US elections could be a major factor in a market rally. Historically, after elections, we have seen six-month bull runs, but the difference this time is that Donald Trump has become pro-crypto and may support it if he wins. Some reports suggest that regardless of whether he wins or loses, we will see a rally in the market.
This could be an opportune time for investors to consider coins that might become the next leader, such as Ethereum (ETH). Various Ethereum-based tokens are emerging, and some have the potential to replicate significant gains.
One ERC-20 token, <a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">Cutoshi </a>(CUTO), has been on the trend for being a rare utility meme coin and a DeFi hub. Last week, one of the ETH whales placed a pilot position on the coin as it entered the second stage of the presale.
<h3 id="strong-ethereum-etfs-slow-downs-while-price-struggling-to-recover-strong">Ethereum ETFs Slow Downs While Price Struggling To Recover</h3>
Seven out of nine US-based spot Ether ETFs showed zero activity, the third time this has happened recently. According to Farside Investors data, these spot Ether ETFs had a net outflow of $0.1 million that day, with the only inflows coming from the Fidelity Ethereum Fund. Meanwhile, the Grayscale Ethereum Trust lost $8.7 million. The ETH ETFs from 21Shares, VanEck, and Invesco have now recorded at least eight consecutive days of “0” activity.
In another update, The U.S. Securities and Exchange Commission (SEC) has delayed its decision on whether to allow options linked to spot Ether exchange-traded funds (ETFs), according to a filing on Oct. 11. The SEC postponed its ruling on a proposal for the Cboe Exchange to list options tied to several popular spot ETH funds. The new deadline for the decision has been moved from Oct. 19 to Dec. 3.
These recent negative developments and global tensions send the Ethereum price to the recent bottom of $2,310. Since this bottom formation, it has tried stabilizing itself above the support level. A double-bottom reversal pattern can be seen in the Ethereum chart, suggesting that a reversal might occur if buyers take control.&nbsp;
<h3 id="strong-journalist-says-cutoshi-cuto-has-a-visionary-team-strong">Journalist Says Cutoshi (CUTO) Has A Visionary Team</h3>
In a recent article, one of the crypto journalists described the team behind the Cutoshi cryptocurrency. She wrote that the team behind Cutoshi (CUTO) is visionary, highlighting their innovative approach and forward-thinking strategies in cryptocurrency. This came after the successful completion of stage one, which was in huge demand.&nbsp;
Cutoshi draws inspiration from the Maneki-neko (Japanese Lucky Cat), known for bringing good fortune, to potentially deliver similar luck to crypto investors. The project also pays homage to Satoshi Nakamoto, prioritizing privacy, security, and freedom through a DeFi system.
What sets Cutoshi (CUTO) apart is its blend of DeFi functionality with meme coin fun, creating a hybrid ecosystem. At its core is a multi-chain DEX, allowing users to exchange cryptocurrencies across multiple blockchains with privacy and security.
Cutoshi offers more than entertainment. It integrates key DeFi tools like staking, yield farming, and community governance, which give it long-term potential—something many meme coins lack. These features attract both speculative traders and serious investors seeking sustainable growth.
Cutoshi is currently priced at $0.022 during its second presale stage. The token’s deflationary nature, supported by a buyback and burn mechanism, increases its value and demand over time.
For more information on the Cutoshi (CUTO) Presale:
<a href="https://cutoshi.com/" target="_blank" rel="noopener noreferrer nofollow">https://cutoshi.com/</a>
Join and become a community member:&nbsp;
<a href="https://twitter.com/CutoshiToken" target="_blank" rel="noopener noreferrer nofollow">https://twitter.com/CutoshiToken</a>
<a href="https://t.me/cutoshi" target="_blank" rel="noopener noreferrer nofollow">https://t.me/cutoshi</a>
The post <a href="https://www.ethnews.com/ethereum-eth-whales-snap-up-new-defi-token-as-interest-soars-among-crypto-investors/" rel="noopener noreferrer nofollow">Ethereum (ETH) Whales Snap Up New DeFi Token As Interest Soars Among Crypto Investors</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Ethereum (ETH) Whales Snap Up New DeFi Token As Interest Soars Among Crypto Investors

Table of Contents

ETHNews

Other articles published on Oct 15, 2024

Supreme Court OKs U.S. Government to Sell $4.4 Billion in Seized Silk Road Bitcoin

Hedera's $HBAR Gains US Institutional Access with Launch of Canary Trust

Transform $500 into $50K with These 5 Tokens – Analysts Reveal the New Hidden Gem for 2025

Suirum Is Poised To Become The Hottest SUI Meme Coin Of 2024

UAE Introduces VAT Exemption for Cryptocurrency Transfers and Conversions

Great Bitcoin (BTC) Success from CME! Famous CEO Explained Its Benefits to Investors!

Join our free newsletter for daily crypto updates!