Miner WazirX Moves Nearly $12M Ether to New Address, Bitcoin, Post ETH Gains

• Bitcoin is trading above $58,000 at the time of writing, adding 2% to its value this week.
• Ethereum hovers around $2,300 as WazirX exchange miner moves 5,000 Ether to new wallet address and crypto mixer.
• XRP held steady above $0.5644 on Friday.

Bitcoin, Ethereum, XRP Updates

• Bitcoin added 2% to its value this week. Bitcoin Spot ETFs saw net inflows of institutional capital on three out of five days this week, according to data from Farside Investors. On September 12, the 12 Bitcoin ETFs saw inflows of $39 million.

Bitcoin Spot ETF Entries

• Ethereum is hovering around $2,300 as investors express concern over the likely increase in selling pressure on the asset from Vitalik Buterin’s ETH transfers.
• The wallet identified as Vitalik Buterin’s has sold over $2 million in Ethereum since August
• XRP is back above $0.5644 after initially dropping to $0.5231, the weekly low for the altcoin. The Ripple stablecoin announcement and details shared by CEO Brad Garlinghoue at Korea Blockchain Week are key market drivers for the asset.

Chart of the day: FET

Artificial Superintelligence Alliance (FET) broke out of its multi-month downtrend on August 22. As the AI ​​token has traded sideways and is changing hands at $1.323 at the time of writing. FET wiped almost 5% of its value on the day.

The MACD (Moving Average Convergence Divergence) indicator flashes green histogram bars above the neutral line. The momentum indicator shows that there is an underlying positive momentum in the FET price trend.

AI token could extend gains by 13% and target $1,500, the upper limit of FVG seen on FET/USDT daily chart.

FET/USDT Daily Chart

FET could find support in FVG between $1.234 and $1.273 if there is a correction in AI token.

Market updates

• Crypto intelligence monitor PeckShield identified the wallet address of exchange miner WazirX and noted that the address moved 5,000 Ether worth $11.8 million to a new address and transferred most of it to a crypto mixer.

• If Ether hits centralized exchanges, it could have a negative impact on the price.
• MicroStrategy, one of the largest public Bitcoin holders, added 18,300 BTC to their holdings on Thursday, September 12th. The firm spent $1.1 billion to acquire Bitcoin.

• The Securities & Exchange Commission is amending its complaint against Binance and says it regrets the confusion it may have invited by referring to crypto tokens as securities.

Industry updates

• PeckShield reports that bankrupt exchange FTX moved 231 BTC, sending 200 coins to centralized exchange Coinbase on Friday.

• Upbit, South Korea’s largest crypto exchange, launches Nervos token (CKB). The Layer 1 blockchain was launched in 2018 and will be introduced in KRW, BTC and USDT trading pairs.
• The Starknet community approved staking of STRK tokens in a new proposal, SNIP 18. Staking would increase the utility of the token and provide users with another source of income from their STRK tokens.