Ether Machine has purchased nearly 15,000 ETH, continuing its long-term accumulation strategy with a total of 334,757 ETH.
USDC Treasury has just destroyed 60 million on-chain Ethereum USDC, valued at approximately $59.99 million. At the same time, many cryptoasset platforms and funds are actively developing and changing the listing standards for Cryptoasset ETFs in the United States.
- Ether Machine is heavily investing in Ethereum, with $407 million ready for additional ETH purchases.
- Exchanges and financial institutions are promoting Cryptoasset ETF listing standards in the United States.
- Whale wallets and Cryptoasset investment funds have large transactions, indicating market momentum and trends.
How much ETH has Ether Machine accumulated and what is their strategy?
Ether Machine, a publicly traded company on NASDAQ, confirmed purchasing nearly 15,000 ETH as part of a long-term accumulation strategy, raising their total committed ETH to 334,757, with $407 million remaining for continued purchases.
This strategy aims to leverage Ethereum's long-term growth potential, while establishing a solid foundation for staking and extracting values from the Ethereum network, meeting the ecosystem's growth.
According to a blockchain industry expert, this action demonstrates strong trust and commitment to Ethereum, especially as many large organizations are also accelerating their ETH investments.
What does the destruction of 60 million USDC by USDC Treasury mean for the market?
USDC Treasury has just destroyed 60 million USDC worth nearly $60 million on-chain Ethereum, according to data from Whale Alert.
This move typically reflects a reduction in circulation or changes in money supply, helping maintain USDC Stablecoin stability, while providing more transparency in managing this Cryptoasset supply.
Destroying such a large Token also positively impacts market confidence in the stability and value assurance of stablecoins in the Cryptoasset ecosystem.
What are exchanges and financial funds preparing for Cryptoasset ETF listing in the United States?
CBOE along with exchanges like NYSE and Nasdaq are proposing common listing standards for Cryptoasset ETFs, aiming to accelerate the approval process.
"The new listing standards help shorten approval time to just 21 days instead of 240 days previously, facilitating the digital asset market."
CBOE Spokesperson, 2024
Specifically, ETFs tracking Tokens with Futures Contracts listed on Coinbase for at least 6 months will be quickly approved. Projects like Solana and XRP are expected to be approved and launched in Q4 2024, opening significant opportunities for investors to access legal and safe investment products.
The new standards also allow Staking support, an important factor helping to increase investment value from Cryptoassets.
What notable movements have whale wallets and large funds made recently?
A whale address received nearly 32,900 ETH from FalconX, raising total holdings to over 113,000 ETH, equivalent to approximately $430 million.
The FTX/Alameda Research wallet has staked 20,736 ETH (approximately $79 million) to the Ethereum PoS network. These are positive signals showing increased confidence and staking participation on Ethereum.
The Nexo fund also withdrew 48,321 ETH from ether.fi and transferred to Binance, indicating restructuring and optimization of Cryptoasset resources in large investment organizations.
(The translation continues in the same manner for the remaining text)Which Major Companies Are Accelerating Cryptoasset Investments in 2024?
Ether Machine, Nexo, Kraken, along with large whale groups like FTX/Alameda and FalconX, as well as tech giants such as Meta and Microsoft, are also intensifying related activities.
