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The incident led to a misleading surge in NFT mint volume, involving 430k ETH, which was initially misinterpreted as a spike in NFT market activity.
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On the other hand, the crypto’s 24-hour trading volume experienced a decrease of more than 20%.
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it succeeded in flipping its weekly performance back into the green. At press time, ETH was up 0.29% over the past seven days.
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This price increase also allowed the altcoin to strengthen against its biggest competitor, Bitcoin (BTC), by about 0.71% throughout the past day.
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Brad Garlinghouse also accused the SEC and the Biden administration of putting politics ahead of smart policy, leading to crypto entrepreneurs and innovation moving out of the United States.
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The Hinman documents are internal communications and speeches related to William Hinman, the SEC’s former Director of Corporation Finance, who stated in 2018 that Ethereum is not a security. The SEC has made several attempts to seal these documents, given the precedent they may set in the ongoing lawsuit against Ripple.
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