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Crypto

Ethereum on-chain metrics improve, but CryptoQuant says bottom not yet confirmed

Ethereum is trading about 17 percent below its realised price, a level that has often coincided with undervaluation and prolonged bottoms, CryptoQuant said. Relative metrics versus bitcoin have also improved, with lower exchange inflows, stabilising ETF holdings and softer ETH/BTC spot volume. But only 2 of 5 key bottom indicators have reached past reversal levels. Binance withdrawals hit a three-year high and 34 percent of supply is staked.

Crypto

Bitmine\'s Tom Lee says Ethereum will benefit from AI adoption

Bitmine Immersion Technologies founder and chairman Tom Lee has singled out Ethereum as an asset that will benefit from the spread of artificial intelligence. He said broader AI adoption will increase demand for safeguards to control systems, and consumers are unlikely to trust governments, big tech companies or banks to play that role. He reiterated his view in a chairman’s message, while market data showed heavy selling in global semiconductor stocks and declines in major cryptocurrencies.

Crypto

Robinhood chain boom raises question for Ethereum: tailwind or dilemma

Robinhood\'s Ethereum layer-2 network has expanded rapidly since its July 1 launch, lifting optimism about the Ethereum ecosystem. More than $141 million of ETH has been bridged in and wallets holding ETH have topped 500,000, while daily DEX volume has at times exceeded Ethereum mainnet and Coinbase\'s Base. Some see the project as a milestone for institutional adoption, but others argue L2 revenue contributes little to Ethereum mainnet so far.