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Ethereum price started a downside correction below $1,665. ETH must clear the $1,650 and $1,720 resistance levels to continue higher.

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Bitcoin treasury companies are piling on debt at record rates to fund their BTC buying, Capriole Investments founder Charles Edwards warned, reviving a year-old call that the model rests on unsustainable “fake yield.

 

The interest of financial advisors is rapidly shifting from Bitcoin toward stablecoins and asset tokenization. This was stated by Matt Hougan, Chief Investment Officer (CIO) of Bitwise, after holding strategic meetings with more than 40 industry professionals this week.

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The firm continues to buy ETH at an accelerated pace despite a reported paper loss of nearly $10 billion on its holdings.