Entering Ethereum, is Jack Ma’s Web3 layout just beginning?Recommended Articles | Bee Network
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Author | Dingdang ( @XiaMiPP ) In the early morning hours of August 25th, the price of Ethereum surpassed $4,900, setting a new all-time high. However, the euphoria of ETH holders was ruthlessly interrupted by a sharp drop in Bitcoin’s price. Bitcoin’s price briefly plummeted below $111,000, a 24-hour drop of 4.3%, sending the entire market into a brief panic. In contrast, while Ethereum and Solana were also under pressure, their daily declines were limited to around 5%, demonstrating relative resilience and strong liquidity. According to @CryptoDJ 04 , the trigger for Bitcoin’s rapid decline stemmed from an address marked as HTX Origin: Hot Wallet . This address, through Hyperliquid, collectively sold 24,110 Bitcoins, valued at approximately $2.6 billion. Simultaneously with the Bitcoin sales, another associated account purchased 416,598 ETH,…# Analysis# crypto# ethereum# Exchange# Market# Token# web3Pre
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- Author | Asher ( @Asher_0210 ) Yesterday, Yunfeng Financial, in which Jack Ma indirectly holds a stake, announced that its board of directors has approved the purchase of ETH on the open market ...