ICBC Praises Ethereum's Innovation, Calls It 'Digital Oil’

In a significant endorsement, the Industrial and Commercial Bank of China (ICBC) the world’s largest bank has dubbed Ethereum (ETH) as 'Digital Oil'. This acknowledgment positions Ethereum as the second-largest cryptocurrency by market capitalization as a pivotal asset in the digital economy. ICBC highlighted Ethereum's potential in supporting various Web3 innovations including the launch of... source: https://www.coingabbar.com/en/crypto-currency-news/icbc-labels-ethereum-as-digital-oil