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The Great Crypto Divide: Why Wall Street’s old guard still won’t touch crypto

Franklin Templeton's Max Gokhman says traditional fund managers just don't want to add crypto, but education and yield might change it quickly.

CryptoSlate

Aug 23

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While Wall Street's traditional fund managers remain hesitant to embrace crypto, education and attractive yields could soon tip the scales. Meanwhile, Fed Chair Powell's dovish remarks have propelled the crypto market cap back above $4 trillion, stirring both excitement and caution. However, the sector's evolving risks were underscored by a $1 million loss in a Uniswap scam exploiting Ethereum's latest protocol feature. Dive into the details below.

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The global crypto market cap is $3.98 trillion, with a 24-hour volume of $208.77 billion. The price of Bitcoin is $114,761.23, and BTC market dominance is 57.5%. The price of Ethereum is $4,737.70, and ETH market dominance is 14.4%. The best-performing sector is eCommerce, which gained 12%. The Crypto Fear & Greed Index is currently Greed (60).