#everyone 'Mysterious institution' buys nearly $1B worth of Ether in a week
An unidentified entity has been accumulating Ether ETH $4,322 aggressively over the past week, buying 221,166 ETH as the asset rallied by 21%.
In the past 24 hours alone, the "mysterious institution" bought $212 million of Ether, according to data analytics platform Lookonchain.
The whale tracker said the entity is using six different wallets to store its Ether, which it acquired from Galaxy Digital, FalconX and BitGo. The wallet with the most Ether has $181 million worth, while the wallet with the least Ether has $128 million worth.
The buying comes as Ether addresses with over 10,000 ETH in holdings reached 868,886 on Saturday, the highest it's been in a year, according to Glassnode.
Global Crypto Market Cap Hits $4.13 Trillion The total crypto market capitalization reached $4.13 trillion, driven by strong performance from Bitcoin and Ethereum. $BTC $ETH #Altcoins!
#BREAKING: 🚨 Big Move Coming to the Crypto Market Tomorrow!
📅 Aug 12, 8:30 AM ET – U.S. CPI Data drops! Expect high volatility for BTC & altcoins. 📊 Market forecast: 2.7% YoY ⬇ Lower than 2.7% → Bullish rally ⬆ Higher than 2.8% → Possible dip
#BREAKING news : White House crypto adviser Bo Hines resigns
Bo Hines, who served as the White House’s digital assets adviser, has resigned from his position to return to the private sector. He played a key role in developing the GENIUS Act, a bill aimed at regulating stablecoins.