ETH drops below 2350 USDT

Bitcoin Breaks Through $73,000! Outperforms Gold Amid US-Iran War, EF Sells 10.2 Million ETH

Bitcoin recently broke through $73,000 with strong performance, decoupling from tech stocks and gold. Analysts predict that if the market stabilizes, it could rise to $75,000 to $80,000. However, geopolitical risks and extremely fearful market sentiment continue to pressure prices. Meanwhile, the Ethereum Foundation sold Ether for approximately $10.2 million to maintain operations.

A newly created address withdrew 20,000 ETH from a certain CEX, worth approximately $44.83 million.

Gate News reported that on March 16, Lookonchain monitoring showed that a newly created address just withdrew 20,000 ETH from a certain CEX, valued at approximately $44.83 million.

On-chain activity is exploding, but Ethereum can't seem to gain momentum? Experts reveal the "fatal weakness": could drop to $1,500

CryptoQuant's latest report indicates that Ethereum is facing an "adoption paradox," where network activity reaches new highs, but the token price continues to decline. Analysts predict that if the bear market persists, Ether could fall to $1,500. Despite thriving on-chain activity, it has decoupled from the token price, and the high proportion of Ether flowing into exchanges suggests heavy selling pressure and weak investment demand.

Ledger Executive: If the US Bans Stablecoin Yields, Other Countries May Fill the Regulatory Gap

Ledger Asia-Pacific Head Shibayama stated that if the US implements a stablecoin yield ban, international discussions will increase. Countries like Australia have already provided regulatory exemptions, and currently most stablecoins do not offer yields to users. US regulatory bill progress has been slow due to opposition to prohibition clauses supported by the banking industry. Asian financial institutions' focus has shifted toward financial product tokenization and stablecoin issuance, rather than crypto-native products like DeFi.

Will stablecoin yields be banned by the US? Ledger executive warns: the global regulatory landscape may be reshaped

Ledger's Asia-Pacific head Shibayama stated that if the US bans stablecoin yield distribution, it will trigger a new global cryptocurrency regulatory landscape, with some countries potentially introducing more attractive policies. The Asian market focuses more on blockchain infrastructure and tokenization of financial products, while large institutions show less interest in direct cryptocurrency asset investments. As regulation improves, institutional investors are becoming more cautious when selecting custodial service providers.

ETH Breaks Through 2250 USDT

Gate News bot message: Gate market display shows ETH surpassing 2250 USDT, current price 2251.85 USDT.