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Ethereum whales add $1B in ETH — Is the accumulation trend hinting at a $5K ETH price?

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Numerous cohorts of Ethereum addresses added over 330,000 ETH in the last two weeks. Is this a sign that a $5,000 ETH price is in the making?

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Coin Market

a16z raises $2.2B for new fund backing stablecoins, prediction markets

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Andreessen Horowitz’s crypto investment arm said its new fund would seek to back projects that “people keep using when the hype fades.”

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Law enforcement freezes $41M connected to $150M crypto Ponzi collapse

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BG Wealth Sharing, according to authorities, claimed to provide guidance on crypto trading, advertised heavily on social media and offered “daily profit opportunities.”

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Colombian president says Bitcoin mining could transform country’s Caribbean coast

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The Colombian president pointed to the impact Bitcoin mining has had in Paraguay, which is now the fourth-largest Bitcoin mining country by hashrate.

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