Ethereum

Spot

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<ul class="news-points">
 <li><strong>In the past few days, Elwood has deposited 26,811 ETH worth $83.17 million on Binance.</strong></li>
 <li><strong>Elwood also made a withdrawal of 24,463 ETH worth $75.88 from the exchange.</strong></li>
 <li><strong>Spot ETH ETF approval is right around the corner, said a Bitwise executive.</strong></li>
</ul>
<p>Global fintech firm Elwood has been executing significant Ethereum (ETH) transfers to and from Binance in recent days, prompting speculation about the firm’s strategic motives and potential market impact.</p>
<p>Data from blockchain analytics platform Lookonchain confirmed that Elwood deposited 26,811 ETH, valued at approximately $83.17 million, into the crypto exchange within the last three days.</p>
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   <p lang="en" dir="ltr">We noticed that Elwood(<a href="https://twitter.com/elwood_io?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@elwood_io</a>) deposited 26,811 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($83.17M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 3 days.<br><br>Another <a href="https://twitter.com/hashtag/Elwood?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Elwood</a>-related address withdrew 24,463 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($75.88M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> in the past 2 days.<a href="https://t.co/LvMWpxJMEh" target="_blank" rel="noopener noreferrer nofollow">https://t.co/LvMWpxJMEh</a><a href="https://t.co/Y38nXm3wUu" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Y38nXm3wUu</a><a href="https://t.co/CdNPeJyKGI" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CdNPeJyKGI</a>… <a href="https://t.co/hlNenzEVKk" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hlNenzEVKk</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1811230898530197642?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2024</a>
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<p>Simultaneously, another address associated with Elwood withdrew 24,463 ETH, worth roughly $75.88 million, from Binance in the past two days. The near-simultaneous deposit and withdrawal activities have …</p>
<p>The post <a href="https://coinedition.com/elwoods-ethereum-activity-fuels-debate-as-eth-price-nears-3100/" rel="noopener noreferrer nofollow">Elwood’s Ethereum Activity Fuels Debate as ETH Price Nears $3,100</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Elwood’s Ethereum Activity Fuels Debate as ETH Price Nears $3,100

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