Abu Dhabi Global Market (ADGM) has officially recognized Tether's USDT as a "fiat-referenced token," allowing licensed institutions to provide regulated trading, custody, and other services involving USDT within the ADGM framework. Previously, ADGM had classified the issuance of USDT on Ethereum, Solana, and Avalanche as accepted virtual assets. (Cointelegraph)

#BREAKING Two institutions have increased their $ETH holdings by 9000 coins in the last 3 hours. #Bitcoin $BTC

ETH's price action is surprisingly resilient right now. Despite heavy selling pressure hitting both spot and futures markets—especially noticeable on major platforms like certain compliance-focused and top-tier exchanges—the token's holding its ground. What's interesting? There are resting buy orders soaking up those market sells like a sponge. Someone's clearly defending these levels. Funding rates remain neutral, which tells you leverage isn't getting crazy yet. Meanwhile, open interest is unwinding and moving sideways. Classic ranging behavior. Not screaming bull or bear—just... steady. The absorption pattern here matters more than the noise.