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  • 18:05
    Cryptoquant founder: The "fair value" of ETH in the valuation model is approximately $4,836
    Jinse Finance reported that Ki Young Ju, founder and CEO of Cryptoquant, stated that among 12 commonly used valuation models, 9 underestimate the value of ETH. The "fair value" calculated by aggregating all 12 valuation models is approximately $4,836, which would require an increase of over 58% from the current price at the time of writing. The reliability of each valuation model is rated on a three-level scale, with level three being the most reliable. Of the 12 models, 8 have a reliability rating of at least level two. "These models were constructed by authoritative experts from academia and traditional finance," Ju said.
  • 17:42
    150 BTC transferred from an anonymous address to an exchange
    According to Jinse Finance, Arkham data shows that at 01:01 (GMT+8), 150 BTC (worth approximately $13.78 million) were transferred from an anonymous address to an exchange.
  • 17:26
    Brazilian tax authority data shows that stablecoins account for 90% of Brazil's cryptocurrency trading volume.
    Jinse Finance reported that during a technical presentation at the Brazil Blockchain Conference, Flávio Corrêa Prado, an auditor from the Brazilian Federal Revenue Service, revealed that the volume of cryptocurrency transactions reported under current regulations has reached 6 to 8 billion USD per month. He stated that if the current trend continues, this figure could rise to 9 billion USD per month by 2030. Most of this trading volume comes from stablecoins such as USDT and USDC, and in certain months, stablecoin trading volume even accounts for 90% of all reported transactions. Bitcoin once dominated, but as the country's acceptance of stablecoins has increased, Bitcoin has become a secondary player.
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