News

According to Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that the whale who bravely bought the dip in ETH at $3,027.33 has started to take profits. In the past 2 hours, he sold 2,136 ETH on-chain at an average price of $3,066.4 (approximately $6.55 million), making a profit of $83,000 on this portion. The whale and related addresses still hold 7,290 ETH, with a total value of $22.61 million.

According to ChainCatcher, citing a report from Decrypt, Securitize co-founder and CEO Carlos Domingo stated that accessibility is not the only factor driving the wave of tokenized assets. It was once believed that tokenization could make illiquid assets more liquid, but this is not actually the case. Whether it's equity in an apartment building or tokenized Pokémon cards, digital assets will inherit the lack of liquidity from their physical counterparts. This means that these assets may be difficult to sell immediately without incurring significant losses. Domingo also said that as tokenization technology develops, this dynamic may eventually change, but in the meantime, the main focus is on assets that can enhance existing liquidity, namely cash and US Treasury bonds. We have moved in the opposite direction of illiquid markets; arguably, the most successful tokenized asset is actually the US dollar, as evidenced by the growth of stablecoins.