Ethereum price slump lets USDT briefly flip ETH by FDV

cryptonews15:15

Tether’s USDT briefly overtook Ethereum by fully diluted valuation as ETH fell to its lowest price of 2026. Summary USDT briefly passed ETH by FDV as Ethereum fell to its weakest 2026 level. ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum price slump lets USDT briefly flip ETH by FDV\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-26 15:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/ethereum-price-slump-lets-usdt-briefly-flip-eth-by-fdv/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tether’s USDT briefly overtook Ethereum by fully diluted valuation as ETH fell to its lowest price of 2026. \n\n\nSummary\n\n\n\nUSDT briefly passed ETH by FDV as Ethereum fell to its weakest 2026 level.\n...</p>\n\n<a href=\"https://crypto.news/ethereum-price-slump-lets-usdt-briefly-flip-eth-by-fdv/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03009","symbol_name":"博时以太币","start_time":0,"source_url":"https://crypto.news/ethereum-price-slump-lets-usdt-briefly-flip-eth-by-fdv/","article_id":"2646334913","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/ethereum-price-slump-lets-usdt-briefly-flip-eth-by-fdv/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646334913","pubTimestamp":1782458131,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Tether’s USDT briefly overtook Ethereum by fully diluted valuation as ETH fell to its lowest price of 2026.USDT briefly passed ETH by FDV as Ethereum fell to its weakest 2026 level.Stablecoin demand keeps expanding even as Ether struggles with selling pressure and ecosystem changes this week.Ethereum treasuries are buying ETH dips, but USDT’s growth shows stronger defensive market demand.Market data showed USDT’s fully diluted valuation near $191.5b, above ETH’s roughly $189.3b. Ethereum later held its #2 spot by market capitalization, while Tether remained third by circulating market value. The brief flip still showed how close the two assets have become during the latest downturn.Tether has also expanded its use cases beyond exchange trading. As previously reported, Tether-backed Oobit brought USDT payments to Brazil’s Pix network, giving users another way to hold dollar tokens and spend through local payment rails.The ecosystem also added a new research group. In a previous article,","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"03009":"博时以太币","ETHV":"以太坊ETF-VanEck","09179":"嘉实以太币-U","AETH":"以太坊策略ETF-Bitwise","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","ETHW":"以太坊ETF-Bitwise","QETH":"以太坊ETF-Invesco Galaxy","BTF":"比特币&以太币期货ETF-CoinShares","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","ETH":"低成本以太坊ETF-Grayscale","EETH":"以太币期货ETF-ProShares","BITQ":"Bitwise Crypto Industry Innovators ETF","09046":"华夏以太币-U","GDLC":"Grayscale CoinDesk Crypto 5 ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","ETHA":"以太坊ETF-iShares","BPI":"Grayscale Bitcoin Premium Income ETF","YETH":"Roundhill Ether Covered Call Strategy ETF","FETH":"以太币ETF-Fidelity","CETH":"以太坊ETF-21Shares","BKCH":"AdvisorShares Sabretooth ETF","ETHD":"ProShares UltraShort Ether ETF","BITW":"Bitwise 10 Crypto Index ETF","STCE":"Schwab Crypto Thematic ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","ETHE":"最大以太坊ETF-Grayscale","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","ARKY":"ARK 21SHARES ACTIVE BITCOIN ETHEREUM STRATEGY ETF","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","FDV":"FEDERATED HERMES U.S. STRATEGIC DIVIDEND ETF","EZET":"以太坊ETF-Franklin","ETHI":"Defiance Leveraged Long Income Ethereum ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","SETH":"1倍做空以太币期货ETF-Proshares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","09009":"博时以太币-U","03179":"嘉实以太币","BETH":"比特币&以太币期货ETF-ProShares","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","ETCO":"Grayscale Ethereum Covered Call ETF","ETHT":"ProShares Ultra Ether ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","03046":"华夏以太币","ETHU":"2倍以太币期货ETF-Volatility Shares"},"translate_title":"以太币价格暴跌让USDT通过FDV短暂翻转ETH","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHD":1.5,"ETU":1.5,"BPI":0.6,"03179":0.9,"ARKY":1.5,"ETHU":1.5,"FETH":1.5,"09179":1.5,"09046":1.5,"CBXY":0.6,"EETH":1.5,"CRPT":1.5,"ETHE":1.5,"YETH":1.5,"BITW":1.5,"BFAP":0.6,"SETH":0.6,"BFJL":0.6,"ETHT":1.5,"CBTY":0.6,"CETH":1.5,"STCE":1.5,"GDLC":1.5,"ETHV":1.5,"AETH":1.5,"ETHW":1.5,"FDV":1.5,"NCIQ":1.5,"LFGY":1.5,"BEGS":1.5,"QETH":1.5,"EZET":1.5,"BTF":1.5,"ETH":1.5,"BITQ":1.5,"ETCO":0.6,"09009":1.5,"ETHI":0.6,"03009":0.9,"ETQ":0.6,"BKCH":1.5,"METHmain":1.5,"03046":0.9,"ETHA":1.5,"BETE":1.5,"BETH":1.5},"content_text":"Tether’s USDT briefly overtook Ethereum by fully diluted valuation as ETH fell to its lowest price of 2026. \n\n\nSummary\n\n\n\nUSDT briefly passed ETH by FDV as Ethereum fell to its weakest 2026 level.\nStablecoin demand keeps expanding even as Ether struggles with selling pressure and ecosystem changes this week.\nEthereum treasuries are buying ETH dips, but USDT’s growth shows stronger defensive market demand.\n\n\n\nThe move put stablecoin demand in focus during another weak session for the wider crypto market.\nMarket data showed USDT’s fully diluted valuation near $191.5b, above ETH’s roughly $189.3b. Ethereum later held its #2 spot by market capitalization, while Tether remained third by circulating market value. The brief flip still showed how close the two assets have become during the latest downturn.\nTether briefly overtook Ethereum, source: crypto.news\nThe gap closed as ETH fell more than 5% over 24 hours. Ethereum traded near support levels last seen in October 2023 and April 2025. USDT stayed close to $1, as expected for a dollar-pegged stablecoin.\nStablecoin demand keeps growing\nThe move also fits a larger market trend. Stablecoins have continued to grow even as major crypto assets have fallen. In a recent mid-year market update, 21Shares said, “Stablecoins retracted 30%+ in the last bear market. This time they’re hitting new all-time highs.”\n\nStablecoins retracted 30%+ in the last bear market. This time they're hitting new all-time highs. To us, that is the strongest evidence yet that stablecoins are one of crypto’s defining use cases – demand that no longer depends on the cycle.Read more in our State of Crypto… pic.twitter.com/ylYHE9Fbsz— 21shares (@21shares) June 25, 2026\n\nThat contrast matters because stablecoins often serve as trading collateral, payment rails and dollar liquidity inside crypto markets. Strong stablecoin supply during a bear market suggests users are not leaving crypto rails completely. Instead, many are moving into dollar tokens while waiting for better conditions.\nTether has also expanded its use cases beyond exchange trading. As previously reported, Tether-backed Oobit brought USDT payments to Brazil’s Pix network, giving users another way to hold dollar tokens and spend through local payment rails.\nEthereum faces market and internal pressure\nEther’s weakness comes as the Ethereum ecosystem faces several changes. The token has struggled near long-term support, while investors watch ETF flows, treasury activity and network funding debates.\nAs crypto.news reported, the Ethereum Foundation cut roughly 20% of its workforce as part of a wider restructuring. The move removed 54 roles and added new questions about Ethereum’s development structure during a period of weak ETH performance.\nThe ecosystem also added a new research group. In a previous article, crypto.news discussed Ethlabs, a nonprofit backed by Joe Lubin, BitMine and SharpLink. The group includes former Ethereum Foundation researchers and will work on settlement speed, network capacity, native asset issuance and cross-chain standards.\nTreasury buyers return to Ethereum\nSome corporate Ethereum treasury firms are still buying the dip. As reported today, SharpLink bought 5,000 ETH after an eight-month pause as Ether traded near yearly lows. The company now holds 876,285 ETH, including staking rewards.\nBitMine has taken a much larger position. As crypto.news reported, Tom Lee’s BitMine staked 86% of its ETH holdings, lifting staked ETH to about 4.88m tokens. That gives BitMine one of the largest public ETH treasury positions in the market.\nThese purchases show that some institutional players still view ETH as a long-term treasury asset. But the USDT flip by FDV shows a different side of the market. Traders are still choosing stable dollar liquidity while ETH tries to defend key support.\n\n\n\n\n\n                You might also like:\n            \n\n                Binance to stop serving EU clients after missing MiCA licence deadline","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646334913","isCrawlerRequest":true}