📈 Ethereum-commissions decrease due to weak network activity
✅Despite the increase in the cost of ether, network activity remains weak. According to The Block, the average daily number of transactions on the Ethereum blockchain dropped to 1.35 million in May.
✅The number of addresses regularly involved in transactions has decreased to 478,000, and fees have dropped below $1. The JPMorgan report notes that the Pectra update has created conditions for an influx of investments into the largest altcoin.
✅According to analysts, the rally quickly ran out of steam due to the fact that the influx of new users to Ethereum turned out to be small.
✅The Pectra fork was activated in early May, its purpose was to increase the efficiency of staking and accelerate the withdrawal and deposit of funds. In the long term, the upgrade should contribute to increased institutional investment in ether.
✅However, for now, capital inflows into spot and futures ETFs on Ethereum remain low. With little investor interest in the asset, it is unlikely that it will be able to break through to $3,000 in the near future.
#Ethereum
#EU
✅Despite the increase in the cost of ether, network activity remains weak. According to The Block, the average daily number of transactions on the Ethereum blockchain dropped to 1.35 million in May.
✅The number of addresses regularly involved in transactions has decreased to 478,000, and fees have dropped below $1. The JPMorgan report notes that the Pectra update has created conditions for an influx of investments into the largest altcoin.
✅According to analysts, the rally quickly ran out of steam due to the fact that the influx of new users to Ethereum turned out to be small.
✅The Pectra fork was activated in early May, its purpose was to increase the efficiency of staking and accelerate the withdrawal and deposit of funds. In the long term, the upgrade should contribute to increased institutional investment in ether.
✅However, for now, capital inflows into spot and futures ETFs on Ethereum remain low. With little investor interest in the asset, it is unlikely that it will be able to break through to $3,000 in the near future.
#Ethereum
#EU
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Results of the day: June 17th
Stock markets in Europe and the United States are under pressure due to deteriorating sentiment. The fifth day of conflict in the Middle East has brought no signs of de-escalation. Against this background, oil prices went up again and returned to $ 75 per barrel for Brent.
At the same time, the IEA raised its forecast for the growth of oil supplies to the global market in 2025 to 1.8 million barrels per day. Thus, the total supply of oil on the world market will increase to 104.9 million barrels per day. Geopolitics plays a crucial role for the oil market at the moment.
The Bank of Japan kept interest rates at the same level, which was in line with the consensus forecast. Investors expect that the Fed will also keep the rate at the current level of 4.25-4.50% tomorrow. At the same time, statistics from the United States on retail sales in May showed a decrease of 0.9%, which was 0.2 percentage points worse than expected.
Ozon Pharmaceuticals has announced the launch of a secondary share offering (SPO), in which 55 to 82 million shares will be offered — approximately 5-7.5% of the total. The price will be determined based on the results of the application collection, but should not exceed 48 rubles per share.
#EU
Stock markets in Europe and the United States are under pressure due to deteriorating sentiment. The fifth day of conflict in the Middle East has brought no signs of de-escalation. Against this background, oil prices went up again and returned to $ 75 per barrel for Brent.
At the same time, the IEA raised its forecast for the growth of oil supplies to the global market in 2025 to 1.8 million barrels per day. Thus, the total supply of oil on the world market will increase to 104.9 million barrels per day. Geopolitics plays a crucial role for the oil market at the moment.
The Bank of Japan kept interest rates at the same level, which was in line with the consensus forecast. Investors expect that the Fed will also keep the rate at the current level of 4.25-4.50% tomorrow. At the same time, statistics from the United States on retail sales in May showed a decrease of 0.9%, which was 0.2 percentage points worse than expected.
Ozon Pharmaceuticals has announced the launch of a secondary share offering (SPO), in which 55 to 82 million shares will be offered — approximately 5-7.5% of the total. The price will be determined based on the results of the application collection, but should not exceed 48 rubles per share.
#EU
Results of the day: June 19th
🔸Inflation in Russia continued to slow down in May-June. The current pace in June is still lower than a month earlier. The head of the Bank of Russia, Elvira Nabiullina, noted on the sidelines of the SPIEF that the regulator will reduce the key rate as the inflation rate falls.
🔸Severstal may return to paying dividends in 2025 if there is a trend towards easing monetary policy and improving demand for steel, said Alexander Shevelev, the company's CEO. We currently maintain a neutral view.
🔸The situation in the Middle East is still moving according to the scenario of increasing tension. This affects oil prices, which sensitively reflect the degree of conflict. Brent crude oil reached a 4-month high of $78 per barrel.
🔸Platinum prices have reached a 4-year high of over \$1,300 per ounce. Platinum, like gold, is used in the production of jewelry. The metal may act as a more affordable alternative to gold amid record-high prices. This may be the reason for the rally.
#EU
🔸Inflation in Russia continued to slow down in May-June. The current pace in June is still lower than a month earlier. The head of the Bank of Russia, Elvira Nabiullina, noted on the sidelines of the SPIEF that the regulator will reduce the key rate as the inflation rate falls.
🔸Severstal may return to paying dividends in 2025 if there is a trend towards easing monetary policy and improving demand for steel, said Alexander Shevelev, the company's CEO. We currently maintain a neutral view.
🔸The situation in the Middle East is still moving according to the scenario of increasing tension. This affects oil prices, which sensitively reflect the degree of conflict. Brent crude oil reached a 4-month high of $78 per barrel.
🔸Platinum prices have reached a 4-year high of over \$1,300 per ounce. Platinum, like gold, is used in the production of jewelry. The metal may act as a more affordable alternative to gold amid record-high prices. This may be the reason for the rally.
#EU