Ether is becoming increasingly attractive from a valuation standpoint, particularly relative to Bitcoin, but onchain data suggests the market has yet to reach a definitive cycle bottom, according to CryptoQuant.In its latest weekly report, the analytics company said Ether (ETH) is trading roughly 17% below its realized price, or the average onchain acquisition cost of all ETH in circulation, of about $2,300. Historically, ETH trading below its realized price has coincided with periods of market undervaluation and long-term bottoms.Ether is also showing signs of improving relative to Bitcoin (BTC). CryptoQuant said that ETH’s market value-to-realized value (MVRV) ratio has retreated…

In response to the decision by the U.S. Department of Justice to withdraw subpoenas issued to New York Times reporters after a hearing today, Reporters Committee President Bruce D. Brown made the following statement: “Targeting reporters to appease the White House has reached a dead end once again in the federal courts. Judge Subramanian saw DOJ’s effort clearly for what it was: a brazen and careless government overreach.” The Reporters Committee for Freedom of the Press is the leading pro bono legal services provider for journalists and news organizations in the United States, offering direct legal representation, amicus curiae support,…

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