ETH NEARS ATH, SOL BREAKS $200, PUMP BACK TO ICO PRICE
Main Idea
The article discusses recent developments in the cryptocurrency market, highlighting significant price movements, institutional investments, and regulatory actions.
Key Points
1. ETH breaks through $4K, with SOL surpassing $200, and DeFi TVL reaching three-year highs.
2. ETH ETFs see $2.3 billion in inflows over six days, with a record $1 billion daily inflow.
3. Institutional holdings now account for 17% of BTC in circulation, and ETH DATs hold approximately 2% of ETH supply.
4. Notable events include BitMine upsizing its ETH purchase to $25 billion, Peter Thiel's stake in ETHZilla, and the ETH Foundation offloading $13 million in ETH.
5. Regulatory and legal updates include Do Kwon pleading guilty to fraud, Binance joining the crypto crime unit T3+, and Coinbase reviving its stablecoin fund to boost USDC.
Description
ETH & SOL soar, BTC dominance below 60%. ETH ETFs see $2.3b of inflows in 6 days. SOL breaks $200, DeFi TVL at three year highs. BitMine upsizes offering to buy ETH to $25bn. Crypto sentiment jumps to ‘Greed’ in a week. Institutions now hold 17% of BTC in circulation. ETH DATs now hold ~2% of supply. $1.3b could be liquidated if ETH hits $5k. 75% odds ETH hits $5k by Aug 31 on Polymarket. ETHZilla shares 3x as Peter Thiel takes stake. ETH Foundation offloads $13m ETH. Do Kwon pleads guilty to tw...
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