By mrblockchain Key Points: This whale moved $1.1 billion into a new wallet and acquired $434.7 million in ETH through HyperUnit, adding to prior purchases that now exceed $3 billion—most of which is already staked. Approximately $650 million remains allocated for future ETH purchases, suggesting further accumulation may be imminent. Ethereum is currently trading around […]
Tag: AI
Stablecoin supply on Ethereum has exceeded $160 billion, signaling robust on-chain economic activity
By coinspy Key Points: Ethereum faces mounting institutional demand, with corporate treasuries increasingly allocating to ETH. Despite strong fundamentals, September historically underperforms for Ethereum, with Q4 typically delivering stronger returns. Bitcoin’s struggle near $108,000 introduces volatility that could spill over into altcoins, including ETH. Upcoming U.S. Treasury issuance may tighten dollar liquidity, pressuring risk assets […]
By mrblockchain The Paradox of Progress: Strength in Silicon, Weakness in Tokens Silicon Valley continues to pulse with energy as semiconductor titan Nvidia delivers another record-breaking quarter. The company’s second-quarter fiscal results reveal a staggering $46.7 billion in revenue, a figure that not only outpaces last quarter’s performance by 6% but also towers over the […]