In recent cryptocurrency developments, Ethereum has surged past the 4,800 USDT mark, reaching its highest level since November 2021, with a notable daily increase of 14.16%. This rise is complemented by significant trading activity from a prominent trader known as ‘Machi Big Brother,’ who has flipped a previous floating loss of over $10 million into a floating profit exceeding $4.7 million on Ethereum long positions. Meanwhile, BNB has also shown impressive performance, surpassing the 890 USDT threshold with a 6.05% increase in just 24 hours. In another noteworthy event, 21Shares has registered its XRP Exchange-Traded Fund (ETF) in Delaware, indicating growing institutional interest in cryptocurrency assets. These developments reflect the dynamic nature of the crypto market, where traders are capitalizing on fluctuations and new financial products are emerging to attract investors.
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