List of Flash News about Distributed Validator Technology (DVT)
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06:44 |
Ark Invest Buys Coinbase (COIN) and Robinhood, Sells Circle; Ethereum (ETH) Targets $3K Amid DVT Upgrade
According to @lookonchain, Ark Invest's latest trading activity shows a strategic shift, with the firm selling 415,855 Circle shares for $109.6 million while acquiring 4,198 Coinbase (COIN) shares worth $1.3 million and 319,640 Robinhood (HOOD) shares valued at $24.4 million. Concurrently, Ethereum (ETH) is exhibiting strong bullish momentum, outperforming Bitcoin (BTC) and trading near $2,500. This price action is supported by fundamental developments, particularly the integration of Distributed Validator Technology (DVT) by major staking protocols like Lido and institutional infrastructure providers like Blockdaemon. Anthony Bertolino of Obol Labs notes that DVT makes Ethereum staking "enterprise-grade," a key requirement for institutional capital, fueling analyst predictions of a potential move toward $3,000 for ETH. In contrast, 10x Research suggests Coinbase (COIN) is nearing overvaluation after an 84% surge and recommends a short COIN, long BTC pairs trade. |