An Ethereum (ETH) whale, who had been inactive for the past two years, recently deposited 6,087 ETH worth $10.4 million into Binance’s cryptocurrency exchange. The motive behind this move remains unknown, but the whale still holds a significant amount of ETH, suggesting optimism about future price increases. The approval of an Ethereum spot ETF by the SEC is still being discussed and could potentially impact the price of ETH. Meanwhile, Robinhood has announced new features for the crypto community, including in-app swaps on the Ethereum network. These swaps can be done without holding Ethereum, making it easier for users to access decentralized finance (DeFi) opportunities.
AI Sentiment: Positive
