News & Articles

The largest cryptocurrency exchange in South Korea, Upbit, is stepping beyond the usual boundaries of a trading platform — the company announced the launch of its own second-level blockchain based on Ethereum. The project is named Giwa and is already functioning in a test network, opening a new chapter in the development of Web3 infrastructure.

Since April 2025, large holders of Ethereum have started actively replenishing their reserves: over several months, their total assets have increased by 14%, corresponding to the purchase of 5.54 million ETH.

Against the backdrop of Bitcoins resilience, investors are increasingly turning their attention to Ethereum, expecting significant growth from it in September. Analysts at QCP Capital point out that the weakening dollar and growing doubts about the independence of the Federal Reserve strengthen the positions of safe-haven assets — such as BTC and gold.

After a brief spike above $855, the cryptocurrency BNB has returned to the $850 mark, where a lull is currently observed. Previously, active selling pushed the price to the lower boundary of the range — around $840, but a steady demand emerged in this zone, allowing the asset to quickly recover.

Gold prices have once again approached an all-time high, reaching $3,480 per ounce — the highest level since April 2024. According to TradingView data, there is only one step left to the absolute peak of $3,499 recorded on April 22.

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