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This rise indicates a growing trend of accumulation among addresses holding over 0.1% of the total Ethereum supply.
the collective holdings of ETH whales have surged to 30.07 million ETH, marking a significant increase from 26.56 million ETH recorded earlier this year.
The market intelligence platform, IntoTheBlock, took to Twitter earlier this morning to announce that the amount of Ethereum (ETH) whales is on the rise.
During a Twitter space with the American entrepreneur Elon Musk and the venture capitalist David Sacks, DeSantis promised more than 520,000 live audiences to support them hold their every right for being a crypto trader, adding that crypto is a case of civil liberties. He affirmed that he would “protect the ability to do things like Bitcoin,” as a President.
Ron DeSantis, the Floridan Republican Governor, and the US Presidential candidate advocated safeguarding Bitcoin, assuring to protect the rights of individuals to hold and trade cryptocurrencies if he is elected as the US President.
Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange Commission (SEC) said it’s legally possible for ETH to fall under the jurisdiction of both regulatory agencies.
Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission (CFTC) has claimed.
Ethereum traded at $1,851 at the time of writing after reaching a daily high of $1,872. CryptoKaleo predicts the quick rally will see ETH retest the $2,000 price level. At that price, Ethereum would be testing another significant resistance that formed on May 5, 2023, after the price recovered from a local low of $1,806 on May 1, 2023.
ETH’s price spiked and climbed above the resistance. The third screenshot he shared revealed Ethereum was trading at $1,862 and confirmed his prediction that ETH’s price would rally in haste.
SHIB’s market capitalization and 24-hour trading volume increased by 2.21% and 153.35%, respectively, as traders jumped into the rally, reaching $5,226,595,361 and $131,529,348.
The SHIB market continued to be bullish at press time, with a 2.07% gain to $0.000008862.
Shiba Inu (SHIB) bulls have gained control following a week of bearish pressure that saw the price fall until finding support at the 90-day low of $0.000008458 in the past 24 hours. Despite this, the SHIB price has seen a renewed wave of buying, which has sent it to a new 7-day high of $0.000008982, where it has since met some resistance.
User adoption for Arbitrum more than doubles after the token Incentive conclusion.
According to Jack Mallers, the CEO and founder of Zap, Strike's parent company, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.” Speaking to Fortune, Mallers revealed that the move to relocate its headquarters to El Salvador was a response to the growing anti-crypto regulatory sentiments in the U.S.
Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile app was operational only in the United States, El Salvador and Argentina.
The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as the project's consultant Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other.