Ether price weakness over the past two weeks has resulted in the relative strength index flashing a potential bottom signal not seen since early April. Key takeaways: Ether’s “rare oversold” RSI, historically tied to major ETH price rallies, suggests a price reversal in the short-term. ETH traders say price must stay above the $3,800-$3,900 range to avoid more losses. Read more
World Liberty Financial will launch a WLFI token buyback and burn after a 41% price drop in September, aiming to cut supply and stabilize value. The Trump family-backed decentralized finance (DeFi) project World Liberty Financial will launch a token buyback and burn program this week after WLFI tokens lost 41% of their value in September. On Friday, World Liberty announced that its team will implement the token buyback and burn mechanism this week. The project said the initiative would be publicly disclosed, promising to share updates on each buyback and burn once they are conducted. Token buybacks and burning mechanisms are usually implemented to absorb selling pressure when prices drop. Buybacks are when companies repurchase their tokens, while burning sends the tokens to an unusable address. The mechanisms essentially lower the amount of tokens circulating in the market. Read more
SOL price fell to $192 on Thursday, but an upcoming ETF decision could kickstart institutional investor demand and reset Solana’s price momentum. Key takeaways: Solana fell to $192 on Thursday, erasing its entire rally to $253 in under a week. A spot ETF ruling on Oct. 10 could unlock deeper institutional flows. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ Asia Express. Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ Asia Express. Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ Asia Express. Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more
Avalanche inks a deal to tokenize South Korean financial giant’s ETFs, Hong Kong hits back at yuan stablecoin ‘fake news.’ Asia Express. Mirae Asset Global Investments has signed a memorandum of understanding with Ava Labs, the developer of the Avalanche blockchain, to tokenize fund products and build onchain asset management and settlement systems. Mirae Asset Group is one of South Koreas largest independent asset managers. The total assets under management (AUM) in the groups umbrella are estimated at 1.024 quadrillion Korean won (over $730 billion). Mirae Asset Global Investments, which handles the groups overseas investments, as the name suggests, contributes 430 trillion won (about $306 billion). The global investment arm is also a top 12 exchange-traded fund issuer in the world based on estimated revenue, and 15th by AUM, as of Thursday, according to data from ETFdb. Read more