German banking giant builds Ethereum L2 to simplify asset services
The project was launched as a pilot in November with the aim of streamlining asset servicing.
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The project was launched as a pilot in November with the aim of streamlining asset servicing.
The exemption allows banks to classify crypto assets held by clients differently, meaning they do not need to treat them as company liabilities.
With BTC’s recent brief break below the $60,000 mark, market sentiment took a 180-degree turn overnight, from $75 of greed a week ago to $30 of fear.
The team has refuted allegations of generating excessive false positives, asserting instead that its efficacy was so pronounced that it led to the cessation of a crypto drainer due to sheer frustration.
Over the past six years from 2018 to 2024, cryptocurrency market sentiment has been fearful 54.7% of the time, greedy 32.0% of the time, and neutral the remaining 13.3% of the time .
Fifteen years after its official launch in 2009, Bitcoin finally entered the U.S. stock market, the world's top, most mature, and most trusted financial market by investors, and became a formal investment product.
The Fear and Greed Index moving averages are close to generating a bullish EMO cross signal.
On-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out.
BTC has a deja vu with market sentiment as the situation is similar to the weeks after the COVID-19 crash in March 2020.