Ethereum News: BX Digital Becomes First Swiss Platform to Receive FINMA Approval for Digital Asset Trading

A significant milestone has been achieved in the Swiss cryptocurrency landscape, as BX Digital, a subsidiary of Borse Stuttgart, has been granted regulatory approval by FINMA to operate a digital asset trading and settlement platform.

Borse Stuttgart’s BX Digital Receives FINMA Approval for Digital Asset Trading

BX Digital, a Zurich-based company, has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate a digital asset trading and settlement platform. This makes BX Digital the first such platform in the country. The license allows the company to function as a distributed ledger technology (DLT) trading facility, facilitating direct asset transfers without intermediaries such as central securities depositories using the Ethereum blockchain. This structure supports faster, lower-cost transactions for tokenized financial instruments including shares, bonds, and funds among market participants like banks and securities firms.

Standard Chartered Slashes Ether Price Target to $4,000

Standard Chartered expects the Ether price to continue its structural decline by the end of the year, revising down its 2025 price target to $4,000 from $10,000. The UK investment bank attributes this revision to the rise of Ethereum Layer-2 networks, which are reducing Ether’s dominance despite it being the second-largest crypto by market cap. Geoff Kendrick, the bank’s Global Head of Digital Assets Research, sharply lowered his end of 2025 ETH price estimate in a March 17 client letter.

AIXBT Suspected Phishing Attack, 55.5 ETH Stolen, How Was AI Deceived?

Several users noticed a strange transaction involving AIXBT and Simulacrum AI, an automation actuator. Community screenshots indicate that AIXBT provided instructions for a transfer of 55.5 ETH to a specific address. The attacker’s original interactions with AIXBT have since been deleted, leaving only the transaction completion notification.

On-Chain Analysis Reveals Ethereum (ETH) Has Hit The Bottom

Ethereum (ETH) appears to have reached its bottom, despite market players previously stating that the bottom is not in sight. According to Glassnode’s analytical insights, the Ethereum Cost Basis Distribution metrics have displayed an upsurge in supply at $1,886, an increase from 1.6 million Ether to 1.9 million Ether. This development points to a potential short-term price floor, with investors reinforcing support at the $1,886 price level and continuing to accumulate at lower levels. The data aligns with the custom capitulation metric for ETH, derived from the application of weighted sell volumes and accounting for non-linear economic pain.