The key takeaways
A ETH whale has made a big bet and the U.S. federal government is increasing their ETH holdings. The Fed is interested in Ethereum asset tokenization, NFTs are moving past collectibles and the network has entered a new phase.
It looks as if timing is crucial. Ethereum [ETH] The U.S. Government and whales got the message
Washington secretly added $281,000,000 worth of ETH into its holdings within hours.
If you add in the Fed’s increasing fascination with Ethereum, the basis for asset tokenization, (a sector that is projected to reach $10 trillion by 2030), the answer becomes obvious.
Are you ready to make the next step?
Whale takes on the ETH
The Ethereum Whale just made a bold bet, Hyperliquid opened up three accounts with a total of $282,000,000 in long positions.
Source: Arkham Intelligence
The trader’s liquidation levels sit around $3,700 – a clear signal that they’re confident that ETH has found strong support. This is a large bet on the fact that the recent drop might be already the bottom.
Ethereum could move in a big way if the whale’s prediction is correct.
Fed to tokenize assets, Uncle Sam purchases ETH
Not only are whales betting big on Ethereum, but the U.S. federal government also has a stack of money.
On-chain data showed It is estimated that the U.S. federal government added approximately $332,000 of ETH. Total holdings are now about $281,000,000.
Although this number is not enough to change the market, it does show that there are increasing institutional and government concerns about Ethereum beyond speculation.
Source:
The Fed is also a factor. plans to use Ethereum’s Blockchain for Asset Tokenization is a projected market of over $10 Trillion by 2030.
Fed Governor Christopher Waller spoke at the Wyoming Blockchain Symposium said,
“The Fed is also conducting technical research on the latest wave of innovations, including tokenization, smart contracts, and AI in payments.”
With this kind of support, ETH’s case for the long term looks more solid than ever.
NFTs go beyond collectibles
Ethereum’s latest proposalERC-804 has led to a debate about NFTs being used as infrastructure and not just collectibles.
New standard introduced “Trustless Agents”It is a framework for AI systems that allows them to work securely in the blockchain.
The development is in line with the growing trend of using NFTs to represent assets like domain names, liquid positions and other functional assets.
The following projects are similar to Ethereum Name Service [ENS], Uniswap [UNI] Liquity, and. both laid the foundation for this. Emerging experiments now push this concept to the next level by integrating AI abilities.
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Source: ambcrypto.com
