Ethereum Hits All-Time High...Positive Impact from European Investment Bank Bond Issuance

EIU Issues Digital Bonds Based on Ethereum Blockchain
Bitcoin Recovers to $55,000...Cryptocurrencies Rally Together

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Hyunwoo Lee] Ethereum, a leading cryptocurrency alongside Bitcoin, has reached an all-time high. The announcement by the European Investment Bank (EIU) that it will issue large-scale digital bonds through the Ethereum blockchain acted as a positive catalyst. Not only Ethereum but also Bitcoin has rebounded, with Bitcoin recovering to the $55,000 level and other cryptocurrencies rising simultaneously.

According to cryptocurrency media CoinDesk on the 27th (local time), Ethereum rose 6.6% compared to the previous session, reaching an intraday high of $2,698, setting a new all-time record. The announcement by the EIU that it would issue digital bonds worth 100 million euros (approximately 134.5 billion KRW) based on the Ethereum blockchain served as a positive factor.

According to Bloomberg News, the EIU announced that it plans to issue 100 million euros worth of 2-year maturity digital bonds based on the Ethereum blockchain. These bonds are expected to be managed by major investment banks such as Goldman Sachs, Santander Group, and Soci?t? G?n?rale. Established in 1958, the EIU is one of the world's largest lending institutions, with EU member states jointly acting as shareholders. Previously, Soci?t? G?n?rale issued digital bonds on the Ethereum blockchain in April 2019 for a technology trial.

Following this positive news, not only Ethereum but also other cryptocurrencies such as Bitcoin have shown a simultaneous upward trend. Bitcoin, which had been in a downtrend, successfully rebounded, rising 2.77% from the previous session to $55,410. Dogecoin, which has recently been in the spotlight, also rebounded, rising 2.45% from the previous day to 27.2 cents.

This content was produced with the assistance of AI translation services.