Coinbase CEO’s tweet sparked speculation on SEC’s new crypto rulings. New regulations could impact the crypto industry and lead to problems. The crypto world has been buzzing for the last 24 hours, thanks to a tweet by Coinbase CEO Brian Armstrong. The speculation triggered by the tweet revolved around the potential impact of the SEC’s […]
These developments could potentially impact the growth of Ethereum, especially with the much-awaited Shanghai Upgrade. Despite this, at press time, the Ethereum network continued to set new records, with the number of non-zero addresses exceeding 94 million and the total number of ETH 2.0 staked addresses surpassing 527,000.However, the number of large addresses on Ethereum declined during this period.
Moreover, the number of addresses holding over 10 coins reached a one-month low of 350,897 at press time. This decline in the sentiment could possibly signal a reversal of the bullish interest in Ethereum.The SEC’s investigations and potential new rulings could impact Ethereum negatively. However, the network continued to grow at press time. It remains to be seen how the situation will impact the crypto space.Subscribe to get it daily in your inbox.
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