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Fetch.ai Announces $50 Million FET Token Buyback Program _________ Humayun Sheikh, a prominent figure in AI and blockchain, stated that Fetch.ai's utility has improved due to increased use of ASI1 and the agent platform. Sheikh indicated the current FET token is undervalued and the Fetch Foundation aims to counter this by initiating a $50 million buyback program. The program involves multiple exchanges and market maker support, striving to increase FET token value and market liquidity. As the buyback comes into effect, circulating FET supply is expected to decrease, potentially influencing staking rates and liquidity flows on Fetch.ai platforms. Historically, such initiatives have provided temporary price support and bolstered investor confidence, especially in foundational blockchain projects. The ‘inherent’ transparency of decentralization, rooted in its open-source nature, helps ethical practices… a decentralized framework, according to Sheikh, enhanced systems’ robustness… it also supports scalability, which is essential as computational demands grow. - CCN News Market Impact and Historical Comparisons Did you know? Previous major buyback initiatives, like those of MakerDAO with MKR, often led to favorable price trends and increased liquidity, setting a historical precedent that Fetch.ai aims to replicate with its FET program. As of the latest data from CoinMarketCap, Fetch.ai ($FET ) is valued at $0.68 with a market cap of $1.62 billion and a 15.36% increase in 24-hour trading volume. The token showed a 0.83% increase over the past 24 hours, while displaying a mixed performance in longer time frames, such as a 5.90% decline over seven days and a 34.48% rise over the last 90 days. #PowellRemarks #CryptoStocks #GENIUSActPass
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Institutions Add $1.9B to Bitcoin and ETH Funds Despite Market Turmoil ____/ Bitcoin ETFs saw a strong $1.39 billion in net inflows over an impressive 5-day streak, with BlackRock’s IBIT dominating the surge by capturing $1.21 billion alone. Ether ETFs extend this hot streak with $528M inflows, marking their third-highest weekly total since launch. BlackRock’s ETHA dominated Ether fund inflows with $380.95 million, followed by Fidelity’s FETH at $78.49 million, Grayscale’s Ether Mini Trust at $40.57 million, Bitwise’s ETHW with $14.81 million, and Grayscale’s ETHE at $13.30 million. These notable inflows happened despite Bitcoin and Ethereum dropping below the psychological prices of $105,000 and $2,500 respectively. Furthermore, they remained strong despite the ongoing geopolitical tensions between Israel and Iran. Institutional Demand, Regulatory Clarity and Market Confidence are Igniting the Bitcoin and Ether ETF Fire The rapid rise of Bitcoin and Ether ETFs are capturing investor attention across the global market. With traditional financial institutions increasingly embracing digital assets, these ETFs offer a bridge between crypto and conventional investing. As a result, Bitcoin and Ether ETFs are seeing consistent inflows, pushing their valuations and performance to new highs. Mainstream Adoption Drives Demand One of the biggest catalysts behind the continuous rise of Bitcoin and Ether ETFs is growing institutional and retail investor participation Major asset managers such as BlackRock, Fidelity, and Grayscale are leading the charge, offering investors regulated exposure to crypto without needing to directly buy or store the digital assets. Crypto markets are currently supported by strong macroeconomic and on-chain fundamentals. Bitcoin, often referred to as digital gold, is benefiting from increasing demand as a hedge against inflation and economic uncertainty. Ethereum network, is gaining momentum thanks to the rise of decentralized finance (DeFi), NFTs Regulatory Progress and Clarity Liquidity and Accessibility Momentum and Performance
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