The Daily: Bitcoin OG sells $72M in BTC as another whale scoops $111M in ETH, XRP treasury firm Evernorth files to go public, and more
The Block
Bitcoin fell below $70,000 amid market pressures, while a Bitcoin 'OG' sold $72M in BTC, and a whale purchased $111M in ETH, alongside other crypto news.Summary
The crypto market experienced a downturn with Bitcoin slipping below $70,000 due to inflation surprises and hawkish Federal Reserve signals. A long-term Bitcoin holder, accumulating BTC since 2013, sold another $72 million worth, continuing a trend of distribution. Conversely, a whale investor purchased $111 million in Ethereum, potentially anticipating price increases. XRP treasury firm Evernorth filed for an IPO via a SPAC merger, aiming to raise over $1 billion. Crypto.com cut 12% of its staff to focus on AI integration, mirroring a trend in the industry. Finally, U.S. spot Bitcoin and Ether ETFs saw combined outflows of $219 million, coinciding with the market dip.
(Source：The Block)