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Crypto

Peter Brandt sees Ethereum target at $8,600, contingent on $5,000 first

Veteran trader Peter Brandt set a long-term Ethereum target of $8,600, based on a Chicago Mercantile Exchange futures chart, but said the scenario is conditional on Ethereum first reaching $5,000. Ethereum is trading around $2,693, implying gains of about 86 percent to $5,000 and about 219 percent to $8,600. Brandt also warned that posting a chart is not the same as making a trade and said trade claims require proof.

Crypto

Bitcoin August surge driven by short liquidations, raising question of bullish turn

Bitcoin\'s sharp rise in August was driven more by forced liquidations of short positions than by new bullish bets, a joint report by Glassnode and Bybit showed. Open interest fell as prices jumped, and most dollar-denominated liquidations came from shorts. Options and futures markets showed abrupt repricing but limited shifts at longer maturities. The analysis is limited in scope and reflects crypto-native venues more than the full market.

Crypto

Asset managers roll out digital-asset ETFs overseas. What about South Korea?

South Korean asset managers are launching exchange-traded funds overseas that highlight stablecoins, tokenisation and bitcoin, while the domestic market has yet to list spot digital-asset ETFs or products branded around such themes. In South Korea, exposure is mainly gained by including related companies in existing overseas equity ETFs. Firms are also expanding digital-asset initiatives, including tokenising ETF products and building blockchain partnerships, as they prepare for possible regulatory changes.