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Justin Sun buys $5M in $ETH ahead of spot Ethereum ETF approval, adding to his 362,751 ETH holdings worth $1.1B. Sun’s purchase of 1,614 ETH at $3,097 each counters market volatility. Significant whale activity includes Golem staking 40,000 ETH and Elwood’s 26,811 ETH deposit to Binance. #Ethereum
On July 9, 2024, the hacker behind the CoinStats breach moved 548.2 ETH ($1.69M) to Tornado Cash. Two wallets, known as CoinStats Exploiters, transferred the funds in two transactions. This incident highlights the urgent need for improved crypto security. #CryptoAlert
#Update Ethereum ($ETH) regains $3K, nearing $3.2K. On-chain data shows ~2M addresses holding ETH at a loss, potentially increasing selling pressure. ETH ETF launch might counteract this. ETH trades at $3,100.56, RSI at 40, OI up 0.51% to $12.67B. Broader market remains optimistic.
Ethereum ($ETH) rises above $3,000 but faces resistance at $3,200. Analysts suggest bullish news, like the anticipated Ethereum ETF, could sustain momentum. A whale’s $50.3M withdrawal from Binance hints at large accumulations. #Update
Ethereum-based ETFs are close to SEC approval, says Catherine Dowling of Bitwise. With firms like @BlackRock and Fidelity updating their S-1 filings, approval could come by mid-July 2024. This milestone could legitimize $ETH and broaden crypto adoption. #Update
An Ethereum whale withdrew 16,449 ETH ($50.3M) from Binance as the price hit $3,100, ahead of next week’s expected Ethereum ETF approval. This new whale address shows bullish signs, aligning with $10.2M inflows into ETH investment products last week, sparking institutional interest. #EthereumETF
Bitwise CCO Katherine Dowling: Spot Ethereum ETFs are “close to the finish line,” with the SEC showing openness to new products. Recent amendments signal imminent launch. #Ethereum #CryptoETFs
Bitwise’s Chief Compliance Officer Katherine Dowling predicts Ethereum ETFs are near approval following recent SEC amendments. Expected by summer’s end, Ethereum ETFs will enhance market liquidity and attract institutional investors, marking a pivotal moment for crypto. $ETH #CryptoNews
Golem (@GolemProject) transferred 4,600 ETH ($14.1M) to Binance and Bitfinex amid a price recovery. Over five days, 29,000 ETH ($88.9M) moved, sparking concerns about selling pressure on $ETH. Golem focuses on network growth and solo staking their ETH holdings. #Ethereum
Ethereum ETF issuers like VanEck and Bitwise amended their S-1 filings on July 8 amid rising institutional inflows and ETH’s price recovery. Ethereum saw $10.2M inflows last week, with assets under management reaching $12.4B. SEC chair Gary Gensler hinted at possible summer approval. $ETH #CryptoNews
Ethereum’s price surged 10.5% to $3,112 as investors anticipate the SEC’s approval of spot $ETH ETFs. Companies like @VanEck filing final documents drive the rise, yet direct Ether investment offers better long-term value due to lower fees. #Update
Invesco Galaxy discloses a 0.25% annual sponsor fee for its Spot Ethereum ETF in an updated S-1 filing. This move intensifies competition in the Ethereum ETF market, featuring major firms like BlackRock and Fidelity. #Ethereum $ETH #Update
Bithumb, South Korea’s second-largest crypto exchange, will list $BRETT and $TAIKO on July 9. $TAIKO is supported by Vitalik Buterin and will start at 2,938 won. $BRETT, a meme coin, will start at 149 won. The listing boosts liquidity and investor interest. #Update
Invesco Galaxy missed the July 8 deadline to file its amended S-1 for a Spot Ethereum ETF, unlike $BLK and VanEck. This delay may impact their competitive standing and regulatory approval. Grayscale announced a July 18 creation date for its Mini Ethereum Trust, boosting market optimism. #Update
