BlackRock Dives into Crypto: Deposits $18M in ETH and BTC to Coinbase

In a significant development, BlackRock, the world's largest asset manager, has deposited 18,168.3 ETH and 1,800 BTC to Coinbase in the last hour. This move comes amidst a period of increased volatility in the cryptocurrency market, with major players making strategic investments and adjustments to their portfolios.

The whale known as "7 Siblings" has also been active, spending 28.75 million DAI to buy 12,070 ETH following a market dip. This transaction highlights the opportunistic nature of some market participants, who are taking advantage of price fluctuations to accumulate more assets.

Meanwhile, Bybit, a major cryptocurrency exchange, has purchased an additional 36,893 ETH via OTC transactions. This move suggests that institutional investors are continuing to show interest in the cryptocurrency market, despite recent volatility.

In another notable development, an address holding 12.61 cbBTC has been liquidated, with a value of approximately $1.11 million. This liquidation underscores the risks associated with leveraged trading in the cryptocurrency market, where price fluctuations can lead to significant losses.