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93,700 BTC worth $3.85 billion was sent to Coinbase, a leading cryptocurrency exchange, after Grayscale Investments doubled down on their Bitcoin (BTC) transfers. This occurred after a significant shift in the market. The same cannot be said for Ethereum (ETH), as it has been delayed until March 10, 2024 by the SEC. ETFs that incorporate Ethereum crypto are currently without a decision in place.
Grayscale Buys Significant Amount of Bitcoin (BTC)
Blockchain analytics firm Lookonchain recently shared an update from Grayscale Investments surrounding the total volume of Bitcoin (BTC) crypto units that are transferred to Bitcoin. Today's focus is on exploring the future of all three cryptocurrencies. Grayscale Investments has recently acquired a substantial amount of Bitcoin (BTC). Lookonchain, a blockchain analytics firm, recently reported on the total volume of BTC cryptocurrency units that have been transferred to Bitcoin.
There were numerous transactions: for example, on January 23, 2024, Grayscale deposited 15,222 BTC worth $588.8 million at the time on COINBASE Prime. The second one occurred a day after, in which they transferred an additional 14,487 BTC, worth $578 million, to Coinbase Prime and an additional 4,750 BTC, worth $189.8 million, to new wallets. 93,700 bitcoins worth $3.85 billion have been transferred by Grayscale. They transferred 14,487 BTC, valued at $578 million, to Coinbase Prime and 4,750 BTC, valued at $189.8 million, to new wallets in another transaction that occurred a day later.
Ethereum (ETH) ETF Could Spark Additional Interest
The US Securities and Exchange Commission (SEC) has just put off its decision on approving a proposal to launch a spot Ethereum (ETH) exchange-traded fund until March, based on an official filing published January 24, 2024. Approval, rejection, or additional proceedings on the merits will be required by the regulator until March 10th.
Ethereum price has found support at the $2,200 level currently. Ethereum's crypto chart shows that it has fluctuated between $2,186.35 and $2,531.09 in the past week, but has found support around the $2,200 mark. Despite being rejected above $2,500 and never reaching $2,600 in the past trading sessions, it is still moving in the right direction. By the end of 2024, Ethereum could reach $4,172.54 according to Ethereum's predicted price.
Meme Moguls (MGLS) to Become a Major Player in the Space and Raises Nearly $2M With Presale
Meme Moguls (MGLS) is an upcoming Web3 platform that can completely change how users enter the meme coin space by introducing Play-to-Earn (P2E) elements. By the end of 2024, the Ethereum price prediction indicates that the cryptocurrency can reach $4,172.54.
The meme coin space can experience significant changes in the way users enter due to the introduction of Play-To-Earn (P2E) elements from Meme Moguls (MGLS), an upcoming Web3 platform. It operates in Moguls Land as well, a dedicated Metaverse where users will be able to connect, mine tokens, join liquidity pools, and stake their tokens.
Stage 5 of the presale for this Ethereum-based altcoin is currently in progress and it trades for $0.0036. Early investors have already gained 90% in roi At launch, analysts projected an upswing of 100x is possible for the cryptocurrency. Interest among traders has been sparked by the fact that nearly $2 million has been raised so far.
At launch, analysts projected an upswing of 100x is possible for the cryptocurrency.
