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Vitalik Buterin Moves $1.83M to Railgun as BlackRock Buys $77M in Ethereum

  • Ethereum co-founder Vitalik Buterin transferred 693.91 ETH and $340,931 USDC to privacy protocol Railgun, promoting privacy in transactions.
  • BlackRock purchased 29,580 ETH worth $77.1 million, increasing its total ETH exposure to over $125 million, indicating a shift in institutional focus towards Ethereum.
  • Institutional activity around Ethereum is growing, with talks of financial infrastructure development using Ethereum’s networks, showing imminent institutional adoption.
  • Galaxy Digital's OTC desk moved 89,000 ETH to a second wallet, indicating strong institutional holding patterns during Ethereum's accumulation phase, alongside bullish signs in its technical analysis.

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