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.