Ethereum is testing the critical $2,000 support level after a significant 13% drop in a week, with whale selling pressure evident as a major holder sold 40,000 ETH. The weekly RSI has hit a multi-year low, raising concerns about further declines, while on-chain data shows increased sell pressure with 60,000 ETH moved to exchanges. Despite the bearish indicators, some analysts suggest that the current market conditions could present opportunities for long-term investors.
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0 posts last weekSpiko Launches 150 Million Dollar Money Market Funds on Arbitrum One
French fintech company Spiko has launched $150 million in money market funds on Arbitrum One, offering tokenized US and EU T-Bill funds regulated under UCITS. The US T-Bills fund has seen an 8% growth, reaching over $50 million, while the EU fund has grown by 10.9% to $95.1 million. The market for tokenized Treasury assets is expanding rapidly, currently valued at $3.43 billion, with expectations for increased participation from traditional financial institutions.
about Spiko Launches 150 Million Dollar Money Market Funds on Arbitrum OneHouse Committee Investigates Allegations of Debanking in Crypto Industry
The U.S. House Committee on Oversight and Government Reform is investigating allegations of de-banking within the crypto industry, focusing on claims that banks have targeted individuals based on political views. Prominent figures, including Coinbase’s Brian Armstrong and Kraken’s Jesse Powell, have reported that over 30 founders have faced de-banking, linking it to political pressures and regulatory actions. The committee aims to understand the impact of these actions on businesses and ensure fair participation in U.S. markets.
about House Committee Investigates Allegations of Debanking in Crypto IndustryBitcoin ETFs Outpace Mining Production in December 2024
In December 2024, Bitcoin ETFs in the U.S. acquired approximately 51,500 BTC, nearly three times the 13,850 BTC produced by miners, highlighting a significant supply-demand imbalance. Major mining firms reported production figures, with Marathon Digital leading at 9,457 BTC. As demand surged, inflows into Bitcoin ETFs reached over $900 million on January 3, with projections for even higher amounts shortly after.
about Bitcoin ETFs Outpace Mining Production in December 2024Coinbase Stock May Soon Be Available on Base Blockchain According to Developer
Jesse Pollak, creator of Base, the blockchain for Coinbase, suggests that the company’s stock (COIN) could soon be available on-chain. While some traders can access COIN via Backed.fi, Pollak emphasizes that regulatory clarity is needed for broader access, stating that Coinbase is still in an exploratory phase regarding real-world asset tokenization. He envisions Base as a foundational platform for a global economy, aiming to bring over $1 trillion in assets on-chain.
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