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With Ethereum (ETF) hovering around $4,500 (KRW 6,273,000), reports on the 5th indicate that whale wallets have net purchased 2.2 million Ethereum over the past month, fueling bullish expectations. Analysts predict that if large wallets holding 1,000 to 10,000 Ethereum (ETH) combine with institutional fund inflows, a breakout to the all-time high of $5,000 (KRW 6,970,000) is possible.
2. WLFI, Sun Wallet Blacklist Controversyโฆ Token Price Plummets
TRON founder Justin Sun's World Liberty Financial (WLFI) wallet was blacklisted on the 5th after a $9 million (KRW 125.46 million) token transfer, fueling market unrest. WLFI, which had surged from $0.32 at one point, has now fallen 22% to below $0.18, prompting the project to implement a token burn and buyback program to limit supply.
3. Kraken acquires Breakout and enters prop trading.
Cryptocurrency exchange Kraken entered the exclusive trading market on the 5th with the acquisition of Breakout. Breakout offers traders access to up to $200,000 (KRW 278.8 million) in capital through performance verification. This acquisition is seen as part of Kraken's strategy to expand its trading infrastructure, following its $1.5 billion (KRW 2.091 trillion) acquisition of NinjaTrader in May of this year.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
