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The whale, which distributed 10 million from Binance, chose 4 altcoins The approval of Ether spot ETFs by the SEC has also led the cryptocurrency industry to focus on Ethereum ecosystem tokens. While a whale made a large purchase of 10 million units from Binance this morning, it seems that the investor preferred altcoins that have shown interest recently. While the first half of 2024 was recorded as a historical period for cryptocurrencies, with the approval of first the Bitcoin spot ETF and then the Ether spot ETFs by the SEC, recent developments have increased the interest of investors in the Ethereum ecosystem tokens. Especially after the approval of Ether ETF, cryptocurrency investors are investing in the decentralized finance area of ​​the Ethereum ecosystem. A whale account made purchases from the Binance exchange this morning with a high amount of $ 10 million. According to the information provided by Lookonchain, the whale; Received ETH, LDO, PENDLE and SHIB. It did not go unnoticed that all these tokens belong to the Ethereum ecosystem and that #PENDLE and #LDO are also #DeFi domain tokens. Recently, some big whale accounts made million-dollar purchases and bought the well-known and major tokens of the Ethereum ecosystem such as AAVE, UNI, LDO, ENS, LINK. $BTC $LINK $SHIB

The whale, which distributed 10 million from Binance, chose 4 altcoins

The approval of Ether spot ETFs by the SEC has also led the cryptocurrency industry to focus on Ethereum ecosystem tokens. While a whale made a large purchase of 10 million units from Binance this morning, it seems that the investor preferred altcoins that have shown interest recently.

While the first half of 2024 was recorded as a historical period for cryptocurrencies, with the approval of first the Bitcoin spot ETF and then the Ether spot ETFs by the SEC, recent developments have increased the interest of investors in the Ethereum ecosystem tokens.

Especially after the approval of Ether ETF, cryptocurrency investors are investing in the decentralized finance area of ​​the Ethereum ecosystem.

A whale account made purchases from the Binance exchange this morning with a high amount of $ 10 million. According to the information provided by Lookonchain, the whale; Received ETH, LDO, PENDLE and SHIB. It did not go unnoticed that all these tokens belong to the Ethereum ecosystem and that #PENDLE and #LDO are also #DeFi domain tokens.

Recently, some big whale accounts made million-dollar purchases and bought the well-known and major tokens of the Ethereum ecosystem such as AAVE, UNI, LDO, ENS, LINK.

$BTC $LINK $SHIB

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Stamina Gauge! Bitcoin Statement from Hong Kong's Top Executive. Hong Kong Securities and Futures Commission (SFC) chairman Julia Leung emphasized Bitcoin's durability as an alternative asset in her speech at the Greenwich Economic Forum. Leung noted Bitcoin's ability to survive despite multiple boom and bust cycles over the past 15 years. While central bankers and economists often argue that cryptocurrencies like Bitcoin and Ethereum lack intrinsic value, Leung noted that the durability of these assets and the Distributed Ledger Technology (DLT) behind them is undeniable. These statements by Leung coincide with the new licensing regime introduced by the SFC for cryptocurrency exchanges. These new regulations now require these platforms to obtain a license to serve individual investors in Hong Kong. However, these regulatory changes have drawn criticism from some quarters. Hong Kong lawmaker Duncan Chiu said the regulations were overly strict and discouraged major global exchanges from entering the Hong Kong market, negatively impacting market confidence. Julia Leung stated that although they support the development of the Web3 ecosystem in Hong Kong, this should not be misunderstood as an endorsement of the crypto asset (VA) class. Leung stated that cryptocurrencies are highly speculative and subject to extreme price volatility. To maintain and balance investor demand, #SFC has taken comprehensive measures to protect investors in this volatile market. Looking ahead, the SFC is preparing for legal regulations for stablecoins. Leung noted that the Hong Kong Monetary Authority (#HKMA ) recently completed a consultation on a proposed regime for stablecoin issuers. These new regulations will require issuers to provide full backing with high-quality, highly liquid reserve assets. The move is seen as part of a broader effort to bring stability and trust to the cryptocurrency landscape in Hong Kong. SFC also takes part in Project Ensemble, a tokenization initiative launched by the HKMA to explore the potential of a central bank digital currency (#CBDC ) $BTC
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