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Crypto

Ethereum long-term outlook still bold even after cut to $250,000

Ethereum think tank Etherealize projected a long-term price target of $250,000 for ether, down from its earlier $740,000 estimate but still implying a sharp rise from around $2,300. It said ether could combine store-of-value characteristics with yield through staking under proof of stake. It argued that if ether gained a monetary premium comparable to gold and bitcoin, the price could exceed $250,000 based on 121 million ETH in circulation.

Crypto

Charles Hoskinson says XRP is no different from Tether; profits go to Ripple, risks to investors

Cardano founder Charles Hoskinson said XRP has a structure similar to Tether and argued Ripple’s business model does not deliver tangible benefits to XRP holders. He said Ripple funds operations by steadily selling XRP while holders have no rights to company profits or assets. He cited Ripple’s $1.2 billion Hidden Road acquisition and other initiatives as potentially lucrative for Ripple but not value-accretive for the token.

Crypto

Hanwha Investment & Securities signs MOU with Digital Asset Holdings, joins Canton Network

Hanwha Investment & Securities said on April 20 it signed a memorandum of understanding with Digital Asset Holdings LLC, a blockchain infrastructure company focused on global finance. Digital Asset, headquartered in New York, operates the Canton Network, a blockchain adopted by major global financial institutions including Goldman Sachs, the Depository Trust and Clearing Corporation, Euroclear, Hong Kong Exchanges and Clearing and HSBC. Hanwha said it plans to strengthen competitiveness in digital assets and next-generation financial services through participation.