10,000 ETH already raised in pre-sale backed by illustrious industry executives.
The supply of Ethereum on centralized exchanges has remained stagnant since March this year, despite the approval of US spot Ether ETFs.
Binance’s rebuttal comes amid growing frustration over the stolen funds.
Bitstamp executive noted that the Ethereum ETFs were launched in July 2024 during a period of uncertainty in risk assets, unlike the January launch of Bitcoin ETFs.
This latest launch is part of Google Cloud’s broader push into blockchain and Web3 technologies.
In addition to these technical challenges, market sentiment around Ethereum has weakened.
The upcoming testimony of the US SEC Commissioners might involve talks about Ethereum and its securities status.
Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.
Bitcoin takes the lead with $436 million in inflows, reversing 10 consecutive days of outflows, signaling a growing bullish sentiment among traders.
Meanwhile, the whale is not alone in this wave of large ETH movements. In the last 24 hours, two other Ethereum whales have also moved substantial amounts of ETH to Coinbase, likely preparing to sell.
Ethereum’s value relative to BTC has declined 53% since the Merge in September 2022.
