Ethereum

<p>In a significant move, the Ethereum Foundation has deposited 35,000 ETH, valued at approximately $94.07 million, into Kraken, one of the major cryptocurrency exchanges.&nbsp;</p> 
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  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf4sSgwmmpMFbvIcWJtgdZIz6acLIlIrtieQSvQ69dsfbaE7B_LyhSdx0NE0Eq8wjx-kJyFgQAk1kADe6Q_b1TRMcpkpAh2KLSlRA7BH_kWuifxYR7med0Zz6iUFfV5hgt6UNzfawbNw-SoDcDAVIPfXEzc?key=aNj93h1zy4_c73WedCAuuw" alt="Transactions ">
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   Source: EtherScan
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<p>As per the Etherscan’s <a href="https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae#internaltx" target="_blank" rel="noreferrer noopener nofollow">data</a>, this transaction, recorded on the blockchain through contract address 0xde0B295669a9FD93d5F28D9Ec85E40f4cb697BAe, has raised eyebrows in the crypto community.</p> 
<p>The deposit could influence ETH’s price, either by boosting liquidity or signaling a sell-off. Kraken’s involvement underscores its significant role and may prompt discussions on exchange security and liquidity.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/08/18/ethereum-price-faces-volatility-as-whales-offload-60m-eth/" target="_blank" rel="noreferrer noopener">Ethereum Price Faces Volatility as Whales Offload $60M ETH</a></p> 
</blockquote>

Ethereum Foundation Deposits 35,000 ETH into Kraken

The Crypto Times

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