Ethereum Across Key Models According to New Analysis

Ethereum Across Key Models According to New Analysis

Most of the big valuation models are perceived to undervalue Ethereum because recent data indicated that ten out of twelve models set their fair value above the current market value.  According to ETHVal metrics, Ethereum has a composite fair value of about 4,535 dollars with a prospective increase of some 60%. The models have been…

Ripple And XRP Expand Global Reach With Regulatory Milestone In Singapore

Ripple And XRP Expand Global Reach With Regulatory Milestone In Singapore

Blockchain solutions provider Ripple has gained a license from Singapore’s financial regulator, reinforcing its advance in the Asia-Pacific region. The country is the 15th-largest crypto adopter in the world, with on-chain activity growing 70% YoY. The milestone means the expanded reach of XRP to institutions. Ripple reached another significant milestone in Asia after gaining the…

Grayscale's Spot Chainlink ETF Is Reportedly Launching This Week

Grayscale’s Spot Chainlink ETF Is Reportedly Launching This Week

Crypto asset management firm Grayscale is set to launch the US’s first spot Chainlink exchange-traded fund this week, according to ETF Institute co-founder Nate Geraci. “Set to launch this week… First spot link ETF. Grayscale will be able to uplist/convert Chainlink private trust to ETF,” Geraci noted via X on Sunday.  It comes as another…

China To Intensify Crackdown on Virtual Currencies, Including Stablecoins: Report

China To Intensify Crackdown on Virtual Currencies, Including Stablecoins: Report

Mainland China has reiterated its anti-crypto stance, vowing to intensify its crackdown on speculation in virtual currencies, according to a report by China Daily. Virtual currencies lack the legal status of fiat money and cannot be used as currency in markets. All related activities qualify as illegal financial operations, officials from the People’s Bank of…

Tether under scrutiny as Arthur Hayes flags solvency risks

Tether under scrutiny as Arthur Hayes flags solvency risks

Stablecoin issuer Tether is presently under scrutiny after Arthur Hayes suggested that it may be sitting on a balance-sheet time bomb. In an X post, Hayes stated that Tether is effectively making a massive interest-rate bet. In his post, Hayes noted that things could turn ugly if gold and Bitcoin retreat from current levels. Bitcoin…

Paolo Ardoino Fires Shots At S&P For Tether’s ‘Weak’ Rating

Paolo Ardoino Fires Shots At S&P For Tether’s ‘Weak’ Rating

Tether CEO Paolo Ardoino fired back at S&P’s latest downgrade of his company. The ratings firm gave the stablecoin company a “weak” rating of 5 due to its reserve’s exposure to high-risk assets, which could risk the USDT’s 1:1 peg to the US dollar. S&P recently downgraded Tether’s ratings. However, the giant stablecoin issuer’s CEO,…