Ethereum co-founder Jeffrey Wilcke recently moved 20,000 ETH, valued at over $72 million, to Kraken. This marks his fourth transfer to the exchange in 2024, totaling over $147 million. The Ethereum Foundation and co-founders have faced scrutiny, with concerns raised over large ETH transfers. Wilcke's previous transfers to Kraken include 4,300 ETH worth $10.6 million in February, followed by 10,000 ETH worth $27.2 million and another 10,000 ETH worth $37 million in May. The EF's transfer of 35,000 ETH to Kraken in August, worth $94 million, also raised eyebrows. Ethereum co-founder Vitalik Buterin clarified his $10 million ETH deposit, stating it was for supporting valuable projects. Despite ETH's underperformance compared to Bitcoin and Solana, investors remain cautious. Various initiatives worldwide, such as Hong Kong's tax exemptions for asset managers and Bern's Bitcoin mining study, aim to boost the digital economy. Disclaimer: Cryptocurrency trading carries high risks, and readers are advised to conduct their own research before investing. Read more AI-generated news on: https://app.chaingpt.org/news

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