Ether whale dumps $154M of ICO ETH, US court reboots HEX manipulation case against Binance

Bitcoin’s price may have stagnated in the past 24 hours, but the broader crypto market has been busy! For Bitcoin, the downward momentum appears to be weakening, which some believe indicates a reversal. A new report shows why the weekends are becoming so volatile, and the world’s largest Bitcoin miner is raising $250 million to buy more BTC. In other news, an Ether whale is dumping thousands of ETH worth over $150 million after holding it since its ICO, a Canadian crypto exchange founder was found to be using customer deposits to gamble with, and a US Court of Appeal has reversed the dismissal of the HEX manipulation case against Binance.US.

Further reading:

• Why Bitcoin is still poised to break $74K before end of year
• Bitcoin risks ‘sharp weekend price swings’ as ETFs suck up liquidity
• World’s largest Bitcoin miner announces $250M raise to buy more Bitcoin
• Bitcoin miners record lowest daily revenue of 2024
• Whale continues $154M dumping spree with 5K ETH deposit to OKX
• Whale buys nearly $13M of Ether, but price needs to reclaim $2.7K for next leg up
• Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether
• US Court of Appeals reboots HEX manipulation case against Binance.US

So, grab yourself a coffee, and let’s get into.

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