**News Flash: US Government Moves 300 ETH Amid Market Slump**

Arkham Intelligence reports that a wallet, likely controlled by the US government, transferred 300 Ether (ETH), worth about $699,000, to a wallet ending in "d46" on August 5. This wallet, now empty, contained funds from a government seizure.

**Market Context:**

- Ethereum's price has been struggling since the launch of Ethereum ETFs in the US.

- Independent analyst Crypto Lion attributes this to low demand for ETH on exchanges.

- A broader market downturn, influenced by an interest rate hike from the Bank of Japan, has exacerbated the situation.

**Key Figures:**

- Market makers sold off 130,000 ETH, worth $290 million, pushing ETH to around $2,100.

- Ethereum investment funds saw outflows of $146 million last week, totaling $430 million since the ETF launch.

**Outlook:**

CoinShares analyst James Butterfill suggests that macroeconomic factors and geopolitical tensions are driving the current market downturn, potentially extending ETH's recovery period.