1inch wallet buys $10M in ETH following a $3.7M profit streak in July

The 1inch Investment Fund's crypto wallet has purchased $10 million worth of Ether (ETH) after cashing out on previous trades, bringing its total digital asset holdings to $80 million.

cointelegraph.com

Relevant topic timeline:

8/21/2023

Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M

Digital asset investment products experienced $55 million in outflows, primarily due to the lack of movement towards approving a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission, with Bitcoin alone accounting for $42 million of the outflows.

8/21/2023

The crypto world wants to know why Vitalik Buterin just deposited $1 million in Ether with Coinbase

Ethereum cofounder Vitalik Buterin sends $1 million worth of Ether to Coinbase, sparking speculation about his intentions and potential impact on the cryptocurrency's value.

8/24/2023

Ether Whales Scooped Up $94M in ETH as Price Plunged to $1.6K

Large ether (ETH) investors took advantage of lower prices following a market tumble to accumulate $94 million worth of ETH, while large bitcoin investors added $309 million worth of BTC to their wallets.

8/26/2023

35% of ETH in Circulation Now Held by Just 10 Wallets, Here's What Triggered It

The 10 largest Ethereum wallets are adding more ETH while the price remains low, now holding over 35% of the circulating supply, taking advantage of smaller investors who have been selling due to fear of a further price drop.

8/28/2023

OnlyFans’ parent company bought $20M of Ethereum as revenue surged

Summary: Fenix International, the parent company of OnlyFans, revealed that it invested almost $20 million in Ether (ETH) between 2021 and 2022, although the value of its holdings declined by $8.5 million due to the overall decrease in crypto asset prices.

8/28/2023

Here Is the Full List of Spot Bitcoin ETF Applications and Deadlines

A series of Bitcoin Exchange Traded Fund (ETF) applications have been submitted to the SEC, potentially offering investors a more accessible way to invest in cryptocurrency and bridging the gap between traditional finance and digital assets.

8/29/2023

Bitcoin, Ethereum, Dogecoin Rise Without New Triggers: Analyst Is 'Comfy, Long, And Accumulating' After Foreseeing Market Reversal

Despite a bearish sentiment, major cryptocurrencies trade in the green, with over $10 million spent on Ether by the 1inch Investment Fund's crypto wallet.

8/30/2023

Cathie Wood Predicts $25,000,000,000,000 Crypto Market Valuation in 2030 Fueled by Institutional Bidding: Report - The Daily Hodl

ARK Invest CEO Cathie Wood predicts that the market capitalization of cryptocurrencies will increase by over 2,100% in less than seven years, driven by institutional investment and the potential approval of a Bitcoin exchange-traded fund (ETF), with the total crypto market cap potentially reaching $25 trillion by 2030.

9/6/2023

Cathy Wood's ARK Invest Files for First Spot Ether ETF

Asset managers ARK Invest and 21Shares have applied for regulatory approval for an exchange-traded fund (ETF) that would directly hold ether (ETH), the second largest cryptocurrency, with custody provided by Coinbase Custody Trust Company.

9/8/2023

SEC Rejects Bitcoin ETFs Again, Sparking Debate on Risks vs. Benefits of Mainstream Adoption

The pursuit of a Bitcoin exchange-traded fund (ETF) may contradict the purpose and ideals of the crypto industry, as it undermines financial sovereignty and poses unnecessary counterparty risks, while potentially impeding mainstream adoption and the ownership of actual Bitcoin.

9/11/2023

Institutions Dump $100M in Ethereum in 2023 Amid Ongoing Crypto Winter

Institutions have been selling Ethereum in large quantities, with $108 million in sales this year, making it the least loved digital asset among exchange-traded product investors, but the launch of an Ethereum ETF by Cathie Wood's Ark Invest may change this trend.