Ether traders argue the asset is still “too cheap” and is due for a “monster rally” as it neared the $2,900 price level.
Ethereum news
DeFi firms have feared implementing “value accrual mechanisms” for their tokens under the SEC’s oversight — but that could change with president-elect Donald Trump.
One market analyst said there’s “no reversal in sight” for Ethereum’s value against Bitcoin.
Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain.
A swathe of major firms from traditional finance have partnered to launch the Global Dollar Network, a regulation-compliant network designed to accelerate the adoption of stablecoins.
The next decade will bring more institutional adoption for Ethereum, but solving the security concerns of the wider crypto space remains a priority.
“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may also surprise us with revolutionary use cases that we can’t fully envision today,” one 21Shares executive said.
Restaking protocols like EigenLayer allow investors to stake the same digital asset multiple times and reap the additional yields.
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.
Concerns about Europe’s upcoming MiCA regulations and Vitalik Buterin’s plans to make Ethereum more efficient were the main focus of crypto investors this week.