Market focus

An unidentified entity has been accumulating Ether aggressively over the past week, buying 221,166 ETH as the asset rallied by 21%. In the past 24 hours alone, the “mysterious institution” bought $212 million of Ether, according to data analytics platform Lookonchain. The whale tracker said the entity is using six different wallets to store its Ether, which…

BitMEX co-founder and Bitcoin billionaire Arthur Hayes has bought back into Ethereum just a week after selling a large tranche. Onchain data shows that Hayes offloaded 2,373 Ether, worth roughly $8.32 million at the time, when the token was trading near $3,507. The sale, which occurred about a week ago, locked in profits before Ether’s latest…

BlackRock’s market-dominating spot Bitcoin exchange-traded fund may get bigger after the US Securities and Exchange Commission increased position limits for many Bitcoin funds, according to crypto financial services firm NYDIG. The SEC on Tuesday increased the number of allowed options contracts from 25,000 to 250,000 “for all ETFs with options,” which includes the iShares Bitcoin Trust ETF…

ARK Invest has seized the recent stock market dip to boost its stakes in major US crypto exchange Coinbase and Bitcoin miner BitMine Immersion Technologies. The Cathie Wood-led firm added a total of 94,678 shares of Coinbase (COIN) across three of its funds, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW)…

United States Spot Ether exchange-traded funds (ETFs) hit a new milestone in July, recording $5.43 billion in net inflows, their highest monthly total since launch, according to ETF tracker SoSoValue. July’s performance represented a 369% increase over June’s total net inflow of $1.16 billion, showing a significant surge in investor interest. It also eclipsed previous months like…

Crypto treasury firms have begun moves to buy over $7.8 billion worth of cryptocurrencies this week, in possibly one of the biggest corporate crypto grabs in recent history — particularly for altcoins. Cointelegraph analyzed 16 company statements since Monday, which either announced a plan to buy or raise money for crypto. Ether was the hottest…