Posted 1/15/2024, 7:05:07 AM
Ethereum Whale Awakens After 8 Years, Transferring $506K As Crypto Optimism Surges
- An Ethereum address activated after 8.5 years, transferring $506k worth of ETH from early mining days when it was priced at $0.42-$1.39
- This comes amid optimism about a potential ETH ETF, with ETH up 17% in the last week to $2,511
- BlackRock CEO Larry Fink sees value in an Ethereum ETF as "stepping stones towards tokenization"
- Crypto VC Vance Spencer outlines key achievements like Bitcoin's halving, an Ethereum ETF, and more institutional crypto adoption by 2024
- Investment bank TD Cowen suggests the SEC may stall decisions on Ethereum ETFs until the May deadline