Crypto Whales Are Investing Largely in Ethereum (ETH)!
Critical days have now begun for the leading altcoin Ethereum (ETH). The SEC will announce its decision for spot Ethereum ETFs in the next 2 weeks. Although the #SEC is expected to reject it, it still seems like it might come to a different conclusion.
It was noteworthy that some cryptocurrency whales made large purchases of #ETH before this critical decision. Successful data provider The Data Nerd provided the following information on the subject:
“In the last 24 hours, 4 new wallets withdrew a total of 78,301 ETH (worth $231.2 million) from the Coinbase exchange.
0xF7f withdrew 30,440 ETH ($90 million)
0xE51 withdrew 30,440 ETH ($90 million)
0x667 attracted 6,222 ETH ($18.36 million)
0x120 attracted 11,198 ETH ($32.92 million)
Additionally, whale 0x36D withdrew another 23,286 ETH (worth $67.83 million) from Coinbase. “This whale withdrew a total of 30,870 ETH (worth $89.7 million) in the last 4 days.”
$BTC $ETH $BNB
#Binance
Another Bitcoin Earthquake in Hong Kong: This Time They're Working on a "Bitcoin-Secured Mortgage"!
Hong Kong, known for its financial center status, recently hosted the #Bitcoin Asia conference. The event attracted a significant number of participants from mainland China, despite the country's ban on commercial cryptocurrency trading. Organized by BTC Inc, which also runs the Bitcoin Conference and owns Bitcoin Magazine, the conference was attended by approximately 5,500 participants, half of whom are estimated to be from mainland China.
David Bailey, co-founder and CEO of #BTC Inc, noted that interest in the conference was strong due to Hong Kong's imminent launch of spot Bitcoin ETFs and anticipation of the launch of Ethereum ETFs, as well as an increase in the development of layer 2 projects. “I think ETFs are kind of an admission that Bitcoin is here to stay,” Bailey said.
New ETFs in Hong Kong that accept in-kind subscriptions and allow purchases with Bitcoin and ETH have been positively received by cryptocurrency investors. According to Bailey, this feature is “very important” because crypto investors can use ETF shares as collateral for loans. Harvest Global and ChinaAMC, managers of Hong Kong's crypto ETFs, confirmed that they are working to promote collateralization of #ETF products in the city.
$BTC $ETH $BNB
#Binance
GM!
$BTC Update.
After adding some longs, they are in good profit now.
$FET Tp1 here.
IF we are bullish we smust hold 58500 zone. Below it be careful. 52-49k is possible.
BUT If we hold 60k, first res is 62150, if we manage to flip it I expect a good pump.
Trade the charts not ur emotions!
#Write2Earn #BTC🔥🔥🔥🔥🔥
#Binance
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