Ethereum

Wormhole

Coin

<ul class="wp-block-list news-points">
 <li>Jump Trading’s $480 million ETH sale impacts the crypto market, causing a notable downturn.</li>
 <li>Ethereum’s price is $2,546.96, up 3.15% in the last 24 hours, showing resilience amidst the market crash.</li>
 <li>Lido wstETH’s price stands at $2,972.83, rising by 2.66% in the last 24 hours, despite market turbulence.</li>
</ul>
Jump Trading’s recent sale of $480 million in <a href="https://coinedition.com/ethereum-and-altcoins-price-recovery-forecast-a-lucrative-defi-summer-2-0/" rel="noopener noreferrer nofollow">ETH</a> has caused a substantial downturn in the crypto market. Over the past week, the Chicago-based trading firm has sold large amounts of Ethereum that was counter-exploited from the Wormhole Hacker in February 2023. This transaction led to a considerable sell-off, with potential plans to sell yet another $104 million worth of digital assets.
<figure class="wp-block-image size-full is-resized"><img decoding="async" width="658" height="346" src="https://coinedition.com/wp-content/uploads/2024/08/image-18.png" alt="" class="wp-image-461137" style="width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2024/08/image-18.png 658w, https://coinedition.com/wp-content/uploads/2024/08/image-18-300x158.png 300w, https://coinedition.com/wp-content/uploads/2024/08/image-18-380x200.png 380w, https://coinedition.com/wp-content/uploads/2024/08/image-18-159x84.png 159w, https://coinedition.com/wp-content/uploads/2024/08/image-18-440x231.png 440w, https://coinedition.com/wp-content/uploads/2024/08/image-18-414x218.png 414w, https://coinedition.com/wp-content/uploads/2024/08/image-18-314x165.png 314w, https://coinedition.com/wp-content/uploads/2024/08/image-18-377x198.png 377w, https://coinedition.com/wp-content/uploads/2024/08/image-18-123x65.png 123w, https://coinedition.com/wp-content/uploads/2024/08/image-18-129x68.png 129w" sizes="(max-width: 658px) 100vw, 658px">
</figure>
At press time, Ethereum’s price stands at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">$2,546.96</a>, with a 24-hour trading volume of $28,772,207,108. It has risen by 3.15% in the last 24 hours, with a market cap of $306,289,343,508. The circulating supply of ETH coins is 120,256,977.
Besides, <a href="https://coinedition.com/jump-trading-unwraps-410m-wsteth-fuels-ethereum-sell-off-fears/" rel="noopener noreferrer nofollow">Jump Trading</a> has been linked to the current market crash by QCP Group, a prominent digital asset trading group in Singapore. The crypto division of Jump Trading has transferred hundreds of millions of dollars worth of digital…
The post <a href="https://coinedition.com/jump-trading-under-cftc-scrutiny-amid-480m-eth-sell-off/" rel="noopener noreferrer nofollow">Jump Trading Under CFTC Scrutiny Amid $480M ETH Sell-Off</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Jump Trading Under CFTC Scrutiny Amid $480M ETH Sell-Off

Coin Edition

Other articles published on Aug 7, 2024

Render Price as Bears Hold Market; Will Bulls Reclaim Control?

The Crypto That Could Make You a Millionaire in 2024: It’s Not Shiba Inu (SHIB) or Cardano (ADA)

Is Bitcoin Really Safe? New Insights from ‘Black Swan’ Author on Recent Crash

Cryptocurrency dogwifhat Up More Than 8% In 24 hours

Core Foundation Launches Dual Staking to Enhance Bitcoin Yields

BitMEX’s Arthur Hayes Links BOJ’s Rate Decision to US Politics

Join our free newsletter for daily crypto updates!