Ethereum, the enigmatic force of the digital cosmos, ascended once more, as the crypto market reclaimed its bullish spirit after a brief two-day respite. 🌠
The illustrious altcoin, a beacon of hope for many, soared past the $400 billion market cap, a testament to its resilience. ETH, with a 9% leap in the past 24 hours, now trades at $3,430, a price that whispers of past glories and future dreams. 🌠
Yet, let us not forget, Ethereum, like a seasoned actor on the world’s stage, has seen its share of ups and downs. It remains 30% below its 2021 zenith of $4,891, a reminder that even the mighty can falter. 🌠
The global crypto market cap, a symphony of numbers and dreams, reached an all-time high (ATH) of $3.83 trillion today, with daily trading volumes surpassing $200 billion. The market sentiment, a barometer of human greed, sits comfortably in the “greed” zone. 🌠
Institutional interest, the silent giant, played a pivotal role in Ethereum’s latest ascent. Spot ETH exchange-traded funds (ETFs) in the US saw an ATH net inflow of $726.6 million on July 16, according to Farside Investors. BlackRock’s ETHA fund, the titan among titans, led the charge with an inflow of nearly $500 million. These investment vehicles have attracted over $6.5 billion in net inflows, a testament to the enduring faith in Ethereum. 🌠
Infini Hacker’s Hasty Exit
Ethereum’s meteoric rise, a spectacle for all to see, triggered a sudden and unexpected selloff by the Infini hacker. 🚀
Infini, a blockchain-focused neobank in Hong Kong, fell victim to a heist on February 24, losing 49.5 million USDC. The hacker, with the finesse of a master thief, converted USDC to the decentralized stablecoin DAI and, in a stroke of genius, purchased 17,696 ETH at an average price of $2,798. 🚀
On-chain data from Arkham, the digital detective, reveals that the exploiter has begun to liquidate ETH tokens. The attacker’s address has already sold 1,770 ETH for 5.88 million DAI and sent 3,501 ETH to Tornado Cash, a crypto mixer platform that ensures anonymity. 🚀
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2025-07-17 11:51