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Commenting on Ethereum's new all-time high, Paolo Ardoino, CTO at Bitfinex said:
"Ethereum has today reached a new all-time high. The price of Ethereum is going up in a resurgent decentralized finance (Defi) space. While the explosion of projects in Defi has caused growing pains for Ethereum, layering solutions are in the works that are helping the network to scale. The launch of Tether tokens (USDt) on such solutions, as a valuable and trusted source of liquidity, will help power Ethereum towards its full potential.
"Sentiment around bitcoin remains overwhelmingly bullish. The king of crypto is the base layer for an emerging alternative financial system. Bitcoin is providing a solid foundation for a staggering array of projects, some of which will fundamentally change the nature of money by the end of the decade. Those celebrating the rise of competing chains in a rampant bull crypto market should do well to remember that they owe everything to bitcoin."
