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Ether's 11% Rally Driven by Coinbase Demand Insights

Ether's Resurgence: Analyzing the Impact of Coinbase on Price Rally The cryptocurrency market is a fascinating ecosystem, continuously shaped by buying and selling dynamics. Recently, Ether (ETH) experienced an impressive 11% rally, and the data from CryptoQuant suggests that this surge is closely linked to significant buying pressure, particularly from the regulated exchange, Coinbase. This is an essential development for investors and cryptocurrency enthusiasts alike, as it highlights the importance of trusted platforms in driving market movements. The Coinbase Premium: A Key Indicator One of the most telling indicators of this rally is the Coinbase premium , which measures the price difference between Coinbase's ETH/USD pair and Binance's ETH/USDT pair. The data reveals a compelling narrative: Spike in Demand : The premium indicated that a surge in buying activity on Coinbase occurred just before the spike in Ether prices, illustrating how influential this excha

UBS Asset Management Launches Live Pilot Program for Tokenized Money Market Fund on Ethereum

UBS Asset Management is making significant strides in the world of tokenization with its live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. This initiative is part of UBS Asset Management's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. By partnering with traditional financial institutions and fintech providers, UBS aims to improve market liquidity and market access for clients. This move follows UBS's previous success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.

Key Points: - UBS Asset Management is launching a live pilot program of a tokenized Variable Capital Company (VCC) fund on the Ethereum blockchain. - This initiative is part of UBS's broader strategy to leverage blockchain technology for enhanced fund issuance and distribution. - UBS aims to improve market liquidity and market access for clients by partnering with traditional financial institutions and fintech providers. - UBS has previously found success in tokenization, including the issuance of a $50 million tokenized fixed rate note and the origination of $200 million of fully digital structured notes.

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