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Ethereum co-founder Vitalik Buterin highlighted the growing interest of sovereign wealth funds in acquiring Ethereum (ETH) as a strategic asset. He noted that these investments are indicative of the increasing legitimacy and adoption of cryptocurrencies in traditional finance. Buterin emphasized the importance of regulatory frameworks to ensure the safe integration of crypto assets into mainstream finance.
Charles Schwab is set to launch spot trading for Bitcoin and Ethereum, aiming to integrate cryptocurrencies into traditional investment portfolios while emphasizing client education and innovation. This strategic move reflects Schwab's recognition of the growing demand for digital assets and positions the firm to enhance client convenience and portfolio diversification. By focusing on major cryptocurrencies, Schwab hopes to mitigate risks and promote informed decision-making among investors.
MegaETH's public auction for its MEGA token sold out in minutes, raising nearly $50 million, with demand exceeding three times the available supply. The sale attracted accredited investors globally and offered a 10% discount for those willing to lock their tokens for a year.