A mysterious mega-whale is rotating billions from Bitcoin into Ether, signaling a broader shift as corporate and institutional investors boost ETH holdings. A Bitcoin whale has been accumulating billions of dollars’ worth of Ether, surpassing the second-largest corporate treasury firm, signaling a growing rotation among large investors seeking cryptocurrencies with more upside potential. A Bitcoin whale worth over $11 billion sold another $215 million worth of Bitcoin (BTC) to buy $216 million worth of spot Ether (ETH) on the decentralized exchange Hyperliquid. Following the latest buy, the whale now holds 886,371 Ether worth more than $4 billion, Lookonchain reported on Monday in an X post. Read more
Bitcoin is overshadowed by gold again in 2025 as BTC price action sees new multi-week lows to start a traditionally "red" September. Bitcoin (BTC) starts the weakest month of the year with new local lows and predictions of more BTC price downside. Bitcoin drops to $107,270 after the weekly open before rebounding as volatility ramps up. The US Labor Day holiday keeps traders guessing over how markets will react to fresh US tariff chaos. Read more
Crypto ETPs logged nearly $2.5 billion in inflows last week, reversing prior outflows, as investors poured into Ether, Bitcoin, Solana and XRP products. Cryptocurrency investment products attracted renewed inflows last week, offsetting the prior week’s $1.4 billion outflows. Crypto exchange-traded products (ETPs) logged $2.48 billion in inflows last week, data from CoinShares showed Monday. Despite inflows, Bitcoin (BTC) struggled in terms of market price, slipping under $108,000 after briefly trading above $113,000 earlier in the week, according to CoinGecko data. Read more