​​Ethereum is nearing $3,500

ETH is up 23% over the last 7 days. The key driver is large Ethereum spot ETF inflows. Only yesterday, a record $726M flowed in.

Also, ETH open interest reached a new ATH of $50B and derivatives volume hit $145B.

Whales are playing a big role in ETH growth, as large Ethereum holders now control nearly 30% of the total supply.

Check out our X thread to learn more details about this ETH rally👇
https://x.com/CryptoRank_io/status/1945904053780718007

​​🌍 Where are the world’s most active crypto VCs based?

This map shows top jurisdictions by the combined number of projects backed over the past year.

🇺🇸 US takes the lead with 773 projects
🇸🇬 Singapore follows with 249
🇬🇧 UK comes third with 206

More crypto fundraising analytics:

👉 cryptorank.io/funding-analytics

🏦 US Banking Groups Oppose Cryptocurrency Firms' Applications for Bank Licenses

US banking groups urge the OCC to delay approving crypto firms' bank licenses due to policy concerns.
Cointelegraph

▪️BTC $119,444 ▪️ETH $3,794