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Barclays Joins Wall Street Analysts Calling XRP Ruling Positive for Coinbase
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
Coindesk·2023/07/17 18:31
Flash
- 04:46BMNR Chairman: ETH Fair Value Could Reach $10,000–$20,000 in the Next 12 Months as Wall Street Explores ETH StakingAccording to ChainCatcher, Tomas Lee, Chairman of Ethereum treasury company BMNR, stated on the X platform that Ethereum has outperformed the overall crypto market since early April. As stablecoins experience their "ChatGPT moment," Wall Street is flocking to ETH. In the short term, the ETH/BTC exchange rate should at least return to the level of a year ago. The digital asset team at Fundstrat Capital estimates that the fair value of ETH could be around $10,000 to $20,000 over the next 12 months. In the long run, as Wall Street tokenizes real-world assets, it will also begin to explore ETH staking.
- 04:32Ethereum Contract Coin-Margined Open Interest Drops Over 11% from Historical HighAccording to a report by Jinse Finance, Coinglass data shows that the total ETH-denominated open interest for Ethereum contracts across the network is currently 13.7473 million ETH, representing an 11.4% decrease from the historical high of 15.2971 million ETH recorded on July 29.
- 04:17Data: A major whale’s 10x leveraged long position on DOGE partially liquidated, incurring losses of over $3 millionAccording to ChainCatcher, Onchain Lens monitoring shows that due to a sudden market downturn, a whale's 10x leveraged long position in DOGE was partially liquidated, resulting in a current loss of $3.09 million, with an unrealized loss of approximately $556,000 still remaining.