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A wallet associated with Ethereum co-founder Vitalik Buterin has been flagged sending 400 ETH worth $600,000 to Coinbase. Blockchain sleuths have flagged a number of ETH transactions from a wallet associated to Ethereum co-founder Vitalik Buterin in September 2023 totalling over $3.9 million. Seperate blockchain monitoring profiles shared details of a 400 ETH transaction worth an estimated $632,000 from Vitalik’s wallet to Coinbase on Sept. 25. @VitalikButerin deposited 400 $ETH to #Coinbase at $1,579 ($632K) 2hrs ago. Notably, Ethereum’s co-founder has deposited a total of 2,421 $ETH to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days. More details: https://t.co/tiJwn0omkk… https://t.co/C3BqRmsUau pic.twitter.com/8v1jmadwaM — Spot On Chain (@spotonchain) September 25, 2023 According to Spot On Chain, Buterin’s most recent transaction is the latest in a spate of ETH deposits to centralized exchanges over the past 10 days. The blockchain an...

Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course? Bitcoin (BTC) remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuit by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, it is a sign that traders are looking to buy the dips rather than panic and dump their holdings. ARK Invest CEO Cathie Wood has been buying the dip in crypto-related stocks since the SEC unleashed its recent crypto regulatory action. First Wood purchased $21 million worth of Coinbase stock on June 6 and followed that up with a purchase of Block Inc. shares worth $19.9 million between June 7 and 8. Daily cryptocurrency market performance. Source: Coin360 The resilience of the cryptocurrency space is supported by a risk on sentiment. The U.S. ...