Spot ETH ETF inflows resumed, while demand for taker volume improved. Will Ether’s futures markets follow the trend and kickstart a rally toward new all-time highs? Ether’s (ETH) price action cooled this week after a sharp rejection from the $3,650 to $3,350 supply zone, with the altcoin now hovering near $3,200. The rejection aligned with the 200-day exponential moving average (EMA), reinforcing overhead resistance just as spot exchange-traded funds (ETFs) flows began showing early signs of recovery. Key takeaways: Spot Ether ETF flows have risen from $16.8 billion to $21.5 billion since Nov. 21, a 28% increase. Read more
The tokenized commercial bond is one of the earliest transactions of its kind in the budding sector of onchain debt and credit instruments. Financial services company J.P. Morgan announced on Thursday that it arranged a $50 million onchain US commercial paper issuance for Galaxy Digital Holdings on the Solana blockchain, one of the earliest debt deals executed on a public network in the United States. The offering, a tokenized short-term corporate bond, was tokenized by J.P. Morgan. According to the company, it created the corresponding blockchain token for the bond and handled the settlement of the primary issuance. The tokenized securities were sold to asset manager Franklin Templeton and crypto exchange Coinbase, while issuance and redemption will be paid in Circle’s USDC (USDC) dollar-pegged stablecoin, according to the press release. Read more