Arkham identifies Grayscale's Ethereum Trust as second-largest ETH holder

Arkham Intelligence identified Grayscale's Ethereum Trust as the second-largest Ethereum (ETH) holder in a tweet on Sept. 1. The company said that the trust is the “second largest ETH entity globally” and that the fund contains $5 billion of ETH (seemingly rounding up from $4.9 billion).

Timeline of Arkham, Ethereum

Giddy, the innovative self-custody crypto smart wallet that provides easy retail access to DeFi earning opportunities, is excited to announce it is “expanding its advanced private key technology with immediate support for Ethereum Mainnet.

Ethereum's latest innovation, the ethOS smartphone, designed to seamlessly integrate with Ethereum Virtual Machine (EVM) chains and Layer 2 scaling technologies, has left the tech world abuzz as it sold out its pre-orders within just one day.

The crypto markets suffered hard over the past 24 hours. From a technical analysis standpoint on higher timeframes, Ethereum's price seems willing to drop further, as things still look bearish.

In an extraordinary breakthrough, pre-sales of smartphones based on Ethereum's blockchain have shattered expectations: all 50 devices equipped with ethOS were sold in just 24 hours.

Key Points: OpenSea faced a significant dip in its trading volume and active user count in August 2023. According to the latest data, the platform's Ethereum trading volume for the month plummeted to just $106 million, marking the lowest monthly volume in U.S. dollars since May 2021.

A New York court has classified two major cryptocurrencies, Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC), as commodities, while dismissing a proposed class action lawsuit against decentralized crypto exchange Uniswap. What Happened: The lawsuit, filed in April 2022, claimed that Uniswap had violated U.S. securities laws by operating as an unregistered exchange and offering securities without proper registration.

The Ethereum bounce on Thursday, August 31, failed to hold the momentum as the ETH price came crashing down under $1,650 amid strong selling pressure. ETH is trading 3.21% down in the last 24 hours amid a broader sell-off in the crypto market.

Arkham Intelligence said on Aug. 30 that the trading app company Robinhood holds the fifth-largest account on the Ethereum blockchain. The intelligence platform previously identified Robinhood as the owner of the third-largest Bitcoin address, which holds 118,300 BTC ($3 billion).

In a remarkable turn of events, the crypto community was recently captivated by the reawakening of a dormant Ethereum whale. The Dormant Whale's Resurgence Lookonchain, a prominent blockchain analytics platform took to the X platform to announce that an Ethereum whale, inactive for a staggering two years, had deposited a substantial amount of 6,087 ETH

In laying out the bull case for ether on Wednesday, Fidelity's digital assets subsidiary said dapps built on Ethereum are “capable of things that could not be done on Bitcoin's network due to Ethereum's superior programmability.”