The move by UBS to launch a tokenized fund on Ethereum is like “putting ETH right into the heart of traditional finance,” says one crypto commentator. The Union Bank of Switzerland (UBS) has rolled out a tokenized fund on the Ethereum blockchain network after highlighting the increasing interest among investors for tokenized financial assets. In…
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A crypto analyst highlighted a 65% increase in Ethereum held in accumulation wallets since the start of 2024, arguing that it’s no longer just for “tech enthusiasts.” Just over $50 billion worth of Ether is currently locked in accumulation wallets — nearly 65% more than the beginning of 2024, according to a crypto analyst. “By…
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CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued. A key metric used to determine whether Ether is overvalued or not has been “heating up” relative to Bitcoin — though one analyst argues the asset may not be in overbought territory just…
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The number of daily active users in Ethereum and top layer 2s has rocketed in recent years, and VanEck analysts say this growth will continue. There are almost nine times as many daily active users in the Ethereum ecosystem as there were just four years ago — and analysts say the increasing demand is set…
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Hong Kong already has a clear definition of Ethereum and it is not a security, said OSL Digital Securities head Wayne Huang. Exchange-traded fund issuers in Hong Kong are not concerned about the crypto crackdown in the United States which could result in regulators classifying Ether as a security. Speaking at a press conference on…
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ETH derivatives data shows pro traders’ appetite for risk declining, placing pressure on the $3,000 support level. Ether price plummeted by 21% between April 9 and April 14, hitting a 50-day low. Although it has recouped some of its losses, Ether continues to show signs of weakness following a failed attempt to breach the $3,200…
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Bitcoin price begins a slow recovery, boosting the bullish momentum in ETH, UNI, FIL and GRT. After running hard for two weeks, Bitcoin is taking a breather near the $52,000 level. The bears are trying to start a correction, but the bulls are in no mood to relent. Strong equity markets, upcoming halving, and solid inflows…
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The ETH prospects premium arrived at its most reduced level since November 2023, yet verifiable proof focuses to a purchasing a valuable open door. Ether ETH financial backers might be disheartened because of the 12.5% drop in the beyond three weeks, yet will a more profound gander at the resource’s information give more expectation or…
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Ethereum is the second-biggest cryptographic money by market capitalization and has kept up with that situation for quite a while. The resource’s huge market capitalization and fame are because of a few variables, particularly its utility in the crypto world. In addition to other things, the Ethereum network is the blockchain behind most decentralized finance…
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Bitcoin is exchanging just beneath the $45,000 level as dealers anticipate the SEC’s ultimate choice on the spot Bitcoin ETF applications. Bitcoin’s unpredictability has expanded in the beyond two days as dealers hypothesize about the destiny of the spot Bitcoin trade exchanged reserves (ETFs) applications. A few experts said that the ETFs could be greenlighted…
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