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According to the blockchain intelligence platform Santiment, network fees for Ethereum (ETH) have dropped to their lowest levels for 2023, falling to just $1.15 per transaction. In the post, Santiment shared that historical drops in Ethereum’s network fees have led to increased utility, which subsequently resulted in the leading altcoin’s market cap rising.
Meanwhile, CoinMarketCap indicated that ETH recorded a 24-hour gain of 0.20%. As a result of the latest increase, the altcoin was changing hands at $1,594.40 at press time. The positive daily performance was, however, not enough to overcome ETH’s decline over the past 7 days. Consequently, ETH was still down 2.58% on the weekly timeframe. Japanese Banking Giant Nomura_s Laser Digital Launches Bitcoin Fund, Opening Door to Institutional Investors
Nomura_s cryptocurrency subsidiary, Laser Digital, has unveiled a Bitcoin fund aimed at institutional investors. The fund will utilize Komainu, a custody solution formed in collaboration with Nomura, Ledger, and CoinShares. Led by Sebastien Guglietta, the asset management business at Laser Digital seeks to enable investors to capitalize on the Bitcoin macro trend. Laser Digital, co-founded by Nomura_s Steven Ashley and Jez Mohideen, also supports crypto asset management, trading services, and investments in digital asset startups. The move aligns with a growing interest in digital assets among professional investors, particularly in Asia.