Ethereum Surges 35% as ETF Inflows Hit $528 Million Bittensor Price Targets $500 as AI Interest Grows BlockDAG Raises $309.5 Million in Presale

Ethereum (ETH) is showing signs of a significant breakout, driven by substantial inflows into ETFs and robust chart patterns. Over $528 million has flowed into ETH spot ETFs this week, with major players like BlackRock leading the charge. This influx has pushed ETH futures open interest to $41 billion, indicating strong trader confidence. Technically, ETH is displaying multiple bullish patterns, including a golden cross, a bullish flag, and a cup-and-handle setup. These patterns suggest that ETH could surpass $2,750, potentially reaching $3,000 or even $4,100. The Pectra upgrade further bolsters Ethereum's position, maintaining its dominance in DeFi and stablecoins. Analysts predict that if ETH breaks the $2,800 mark with sufficient volume, it could see a 35% jump. Despite mixed signals from RSI and MACD indicators, the overall outlook for ETH remains positive, positioning it as one of the top-performing cryptocurrencies heading into the third quarter.

Bittensor (TAO) is also gaining traction, with its price currently hovering around $355–$365. If TAO breaks through the $450–$472 range, analysts anticipate it could reach $500 or higher. Forecasts for August and September place TAO at $449 or above, with some end-of-year projections reaching as high as $1,100. Daily trading volumes remain above $70 million, indicating sustained interest. TAO's role in the decentralized AI space is a significant driver of its growth, with subnet expansion and increased attention from major players pushing expectations higher. Long-term models suggest that TAO could exceed $3,000 by 2030, making it one of the most promising AI-linked cryptocurrencies.

Meanwhile, BlockDAG (BDAG) is making significant strides with its upcoming launch. CEO Antony Turner has outlined a comprehensive six-week plan that includes the activation of smart contract vesting, the rollout of DeFi features, the activation of nodes, and daily progress updates. BlockDAG has already secured half of its $600 million presale goal, raising $309.5 million. The project is currently in Batch 29 of 45, with the regular price set at $0.0276 per coin. However, the frozen price of $0.0018 is extended for three more days, providing a final opportunity for early access. Over 22.8 billion BDAG coins have been sold, and more than 18,000 X1 mining devices have been claimed. Early buyers in Batch 1 have seen a 2,660% return based on the current batch price. BlockDAG is set for listings across 20 exchanges, including five major Tier-1 platforms. Once the $600 million goal is reached, trading will commence, positioning BlockDAG as a top contender for 2025.

BlockDAG's progress is not just theoretical; it is already in motion. The testnet is live, the hardware is functional, and app development is underway. Community nodes are preparing for full synchronization, demonstrating that BlockDAG is a system already in operation, not just a plan waiting for funding. With the price still at $0.0018, this could be one of the last opportunities for early entry before the public listing. If the current pace continues, BlockDAG may become one of the biggest launches of 2025.