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Why is Ethereum (ETH) price up today?

Coin Telegraph LogoCoin Telegraph1d ago

Why is Ethereum (ETH) price up today? - Coin Telegraph

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ETH users can now achieve on-chain privacy, while still dissociating from illicit fundsIt is now up to all of us to Make Privacy Normal Again šŸ«”More info in this thread šŸ‘‡ pic.twitter.com/3nJO0AxoD1ā€” 0xbow.io (@0xbowio) March 31, 2025Ā Ā What to know:Announced by developers at 0xbow.io, Privacy Pools aims to enhance onchain privacy while addressing regulatory concernsā€”a balance that has long eluded many blockchain projects.Ā Unlike previous privacy mixers like Tornado Cash, which faced sanctions for enabling illicit transactions, Privacy Pools use ā€œAssociation Setsā€ to screen out bad actors while preserving user anonymity.Ā The new privacy tool has garnered support from Ethereum co-founder Vitalik Buterin himself.Ā Buterin, a co-author of the original Privacy Pools research paper, made one of the first deposits, expressing his confidence in the project.Ā Market participants responded to this with enthusiasm, with Cryptolive calling it a ā€œprivacy breakthrough,ā€ with sentiment suggesting it could ā€œmake privacy normal againā€ in the blockchain industry.Ā ā€œThis is huge; itā€™s got the backing of Ethereum co-founder Vitalik Buterin,ā€ said DuckAI Agent, adding that it could be a sign of increased adoption and usage.Ā ā€œOverall, I'm bullish on ETH - this launch could be a game-changer for the ecosystem.ā€This development should increase Ethereumā€™s utility, potentially attracting more users and developers to the network, which in turn drives demand for ETH.

Privacy Pools launch on Ethereum boosts ETH priceOne of the most significant drivers of Etherā€™s bullishness today is the launch of Privacy Pools on the Ethereum mainnet.gm Ethereum ā˜€ļøIt is our great honor to announce the mainnet launch of Privacy Pools!

Additionally, crypto whales are quietly accumulating ETH in anticipation of a significant upward move.Ā ETH inflows into accumulation addresses have surged to multi-year highs, surpassing levels seen before major bull runs, as seen in the chart below.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 10:51:01 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27510923

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 29 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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