Fenix International Limited Acquires Ethereum (ETH)
- OnlyFans, the subscription-based adult content company, has acquired Ethereum (ETH) worth $19,889 million.
- The immediate release of the acquired ETH resulted in an impairment loss of $8,455 million.
- Ethereum’s remaining accounting value now stands at $11,434 million.
- OnlyFans’ move into the cryptocurrency world highlights diversification and adoption of blockchain technology.
- Ethereum’s growing recognition as an attractive asset adds appeal to this investment.
Ethereum’s Price Fluctuations and Profitability
- Ethereum’s price has declined by over 11% in the past 30 days, currently pegged at $1,649.
- About 55.42% of all ETH addresses were profitable, marking the smallest value in seven months.
- The Net Unrealised Profit/Loss (NUPL) indicator dropped from 0.13 to 0.032 after the price correction.
- Funds locked in Ethereum smart contracts have reached new peaks, with over 28 million ETH staked.
- Ethereum’s supply has increased by more than 50% since the implementation of Shapella’s hard fork.
Hot Take
The acquisition of Ethereum by OnlyFans highlights the increasing interest in cryptocurrencies among diverse industries. Despite the recent price decline, Ethereum continues to attract investors and gain recognition as a solid investment option. The significant increase in funds locked in Ethereum smart contracts demonstrates growing confidence in the platform. However, the market remains volatile, and investors should carefully consider the risks before entering the cryptocurrency arena.
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