Ethereum

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
An ETH whale, or large holder that holds enormous quantities of <a href="https://u.today/ethereum-eth-shows-rare-pattern-that-might-lead-to-massive-rally-analyst" rel="noopener noreferrer nofollow">Ethereum</a>, has awakened after a brief period of slumber and shifted a sizeable portion of ETH tokens, on-chain analytics provider <a href="https://twitter.com/lookonchain/status/1696914883219206304" rel="noopener noreferrer nofollow">Lookonchain</a> reported. 
According to an<a href="https://etherscan.io/address/0xbd69cbe009973a48edeccd4e4dd9bc5a1f66da46" rel="noopener noreferrer nofollow"> etherscan</a> screenshot that Lookonchain shared, the whale last transferred exactly 2,913 ETH tokens to the Kraken crypto exchange about 748 days ago. 
<blockquote> 
 A whale that has been dormant for 2 years deposited 6,087 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($10.4M) into <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> 2 hrs ago.And currently holds 6,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($10.23M).<a href="https://t.co/Xbm5pHylM9" rel="noopener noreferrer nofollow">https://t.co/Xbm5pHylM9</a> <a href="https://t.co/9tkdpn6oul" rel="noopener noreferrer nofollow">pic.twitter.com/9tkdpn6oul</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1696914883219206304?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 30, 2023</a> 
</blockquote> 
In an unexpected move, the aforementioned whale, who has lain inactive for the past two years, deposited 6,087 ETH worth $10.4 million into Binance's cryptocurrency exchange. 
Crypto assets get moved to exchanges for a variety of reasons, among which is to sell them. The motive or intention of the whale remains unknown. 
The whale is still holding a sizable amount of ETH, according to Lookonchain, which may have been kept on the assumption that prices would increase in the future. 
The SEC's approval of an Ethereum spot ETF is still under discussion, and this could ultimately affect the price of ETH. The said whale presently owns 6,000 ETH, valued at $10.23 million. 
At the time of writing, ETH had erased gains made days earlier when news of Grayscale's win in the SEC lawsuit broke, and it was marginally down in the last 24 hours to $1,706. 
<h2 id="robinhood-enables-in-app-ethereum-swaps">Robinhood enables in-app Ethereum swaps</h2> 
Stock brokerage app Robinhood has a new announcement for the crypto community. Aside from launching custody, send and receive support features for Bitcoin and Dogecoin, it is also enabling in-app swaps on the Ethereum network. 
According to a <a href="https://newsroom.aboutrobinhood.com/robinhood-wallet-adds-support-for-bitcoin-and-dogecoin-and-enables-ethereum-swaps/" rel="noopener noreferrer nofollow">blog post</a>, in-app Ethereum swaps for over 200 tokens have been rolling out to select users and will be available to everyone in the coming weeks. 
Users can swap without holding Ethereum, and network fees are taken automatically from the tokens they currently own, making it easier for everyone to get started and utilize DeFi.

Ethereum (ETH) Whale Wakes up From Dormancy and Makes Huge Transaction: Details

Table of Contents

U_Today

Other articles published on Aug 31, 2023

No, Bitcoin is not in its ‘longest ever bear market’ — Here's why

SEC Delays Decision for BlackRock Spot Bitcoin ETF

Elon Musk Plans To Roll Out Audio And Video Calls On X

$16M in crypto lost to hacks in August — Report

Circle CEO praises Avocado Multisig wallet despite collateral dropping

Bitcoin Price Analysis: Stops Above 27934 – 1 September 2023

Join our free newsletter for daily crypto updates!