Ethereum

Prime

Galaxy

Snaps

Bitcoin

<ul> 
 <li>Galaxy Digital bought a large amount of Ethereum from Coinbase Prime and Binance,.</li> 
 <li>It is worth about $76 million, showing its bullish outlook on crypto.</li> 
</ul> 
<a href="https://thenewscrypto.com/galaxy-digital-expands-into-europe-amid-ongoing-crackdown-in-the-u-s/" target="_blank" rel="noreferrer noopener">Galaxy Digital</a>, an investment firm founded by Mike Novogratz, has purchased a huge quantity of Ethereum (ETH) from two major crypto exchanges, <a href="https://www.coinbase.com/prime" target="_blank" rel="noreferrer noopener nofollow">Coinbase Prime</a> and Binance. The transaction, worth about $76 million, shows Galaxy Digital’s bullish outlook on Ethereum and its future potential. 
Galaxy Digital withdrew around <a href="https://x.com/lookonchain/status/1759813023861260795?s=20" target="_blank" rel="noreferrer noopener nofollow">26,000 ETH</a> from Coinbase Prime and Binance, which amounts to roughly $76.2 million at the current market price. This is a significant acquisition of Ethereum, which demonstrates Galaxy Digital’s confidence in the crypto and its alignment with the wider market sentiment. 
This transaction is a part of a wider pattern of major trends in the Ethereum market, not a single incident. Another example is the $14,000 ETH (almost $41 million) that was transferred from Coinbase Institutional to an anonymous wallet.&nbsp; 
<a href="https://thenewscrypto.com/whale-alert-bitfinex-sent-117k-ethereum-eth-to-unknown-wallet/" target="_blank" rel="noreferrer noopener">Whale Alert</a>, a service that monitors significant cryptocurrency transactions, discovered this transaction. These changes suggest that institutional and large-scale investors are quite active and interested in Ethereum. 
<h3 class="wp-block-heading" id="h-ethereum-s-market-performance">Ethereum’s Market Performance</h3> 
The timing of Galaxy Digital’s and other businesses’ investments coincides with Ethereum’s strong market performance. At the moment, the price of Ethereum is about $2,908, indicating a 0.88% gain over the previous day. It also demonstrates a noteworthy increase of 17.68% over the past month. This indicates that investors are quite confident in the stability and worth of the cryptocurrency. 
The fact that Galaxy Digital and other investors have accumulated a significant amount of Ethereum implies that they view the platform not only as a means of facilitating smart contracts and decentralized apps (dApps), but also as a whole. With several projects and activities developed on its network, Ethereum is the frontrunner in the blockchain and cryptocurrency field as a platform for growth and innovation. 
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Galaxy Digital Snaps Up $76M in Ethereum Amidst Recent Price Surge

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TheNewsCrypto

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