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Ethereum Rally Looms: $143m New Wallet Signals Coinbase's Edge
ByAinvest
Monday, Aug 11, 2025 4:48 pm ET1min read
A new multisig wallet received 33,000 ETH (~$143M) from a BitGo hot wallet, signaling large-scale capital flows into Ethereum. Bernstein analysts believe this move indicates an ongoing Ethereum "alt rally," positioning Coinbase to benefit significantly due to its integration into the ETH ecosystem through staking operations and the Layer 2 chain Base.
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