Baisse

After the recent approval of the first ever Bitcoin Spot ETF, a literal explosion in the crypto market was expected. The exact opposite is happening. Bitcoin (BTC), the locomotive of this rapidly growing industry, is experiencing its first major crash of the year, dragging down most altcoins with it.

According to the latest news, Coinbase's treasuries currently hold approximately 1.68 million ethers, equivalent to around $2.69 billion. Why does Vitalik Buterin, the co-founder of Ethereum, continue to replenish this American crypto exchange with ETH? The crypto community is once again pondering this question. Let's take a closer look!