Alibaba founder’s Ethereum push, whales are 91% of Korean market: Asia Express

Jack Ma’s fintech network deepens ETH push Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.  Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market. The investment comes just over a month after Yunfeng Financial purchased 10,000 ETH (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance…

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Bitcoin Dominance: The Final Rotation is About To Begin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I think we are about to see the final rotation into #Bitcoin for this market cycle. This means that #BTC dominance should go up a lot over the coming weeks. I think it makes sense to fade the alt season calls (again) and remember that Bitcoin is the king of the cryptoverse. Into The Cryptoverse Premium SALE: Into The Cryptoverse Newsletter: LIFETIME OPTION: Alternative Option: Merch: Disclaimer: The information presented within this video is NOT financial advice. Telegram: Twitter: TikTok: tiktok.com/@benjamincowencrypto Instagram:…

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Ethereum Price At Risk – Momentum Fades As Bears Target Fresh Lows Ahead

Ethereum price failed to extend gains above $4,600 and declined. ETH is now moving lower and might extend losses below $4,400 in the short term. Ethereum started a downside correction below $4,600 and $4,550. The price is trading below $4,550 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $4,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,400. Ethereum Price Dips Again Ethereum price extended gains above $4,620 and…

Publicly Traded Bit Digital Acquires $140M in Ethereum, Becomes 3rd Largest Holder

Key Notes Bit Digital’s $150 million financing round attracted Kraken Financial, Jump Trading Credit, and Jane Street Capital. Short traders faced $21 million in liquidations as Ethereum rebounded above $4,500 following a brief correction to $4,432. The company’s mNAV stands at $3.84 per share with conversion price at 8.2% premium reflecting investor confidence. Bit Digital, a publicly traded firm focused on Ethereum ETH $4 535 24h volatility: 1.5% Market cap: $546.95 B Vol. 24h: $39.80 B treasury and staking, has announced another major purchase, while derivatives short-traders were caught off…

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