Whales Accumulating Ether Ahead of Potential Ethereum ETF Approval

Tron co-founder Justin Sun has quietly accumulated a significant amount of Ether, with recent purchases totaling $5 million. This comes as multiple whales, including the Golem Project and Elwood Technologies, have been transferring large volumes of Ether to exchanges ahead of the potential Ethereum spot ETF approval in the US market. The activity suggests a growing anticipation for the ETF launch and a bullish sentiment towards Ethereum.

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Tron Foundation Seeks Dismissal of SEC Lawsuit Over Foreign Conduct

The Tron Foundation has filed a motion to dismiss the SEC’s lawsuit, arguing that the regulator is overreaching by applying U.S. security laws to predominantly foreign conduct. Tron claims that the tokens were sold entirely overseas and that the SEC’s case is against foreign digital asset offerings to foreign purchasers on global platforms for which it has no authority. Additionally, Tron argues that the SEC’s claims lack specific details and rely on generalizations and conclusions to support its thin allegations.

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