Standard Chartered Bank: Buying Ethereum and Bitmine shares before the weekend might be a good choice.

PANews reported on January 23 that, according to Coindesk, Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that Ethereum, like other cryptocurrencies, has experienced a significant drop in recent days, but its positive momentum continues. He pointed out that since the Fusaka upgrade in December, Ethereum network transaction volume has surged to record levels. This upgrade effectively alleviated previous capacity bottlenecks and drove growth in on-chain activity.

Furthermore, Bitmine, the largest corporate holder of ETH, continues to buy Ethereum, and the macroeconomic environment is also playing a positive role: easing of Greenland-related tariff risks, a rebound in the Japanese bond market from its sell-off, and rising expectations that Rick Rieder, BlackRock's head of fixed income, may become the next Federal Reserve Chairman are all favorable for risk assets. He believes that going long on Ethereum and Bitmine (BMNR) before the weekend offers a good risk-reward ratio.