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The Ethereum price gained traction and surged over 2.03% following the announcement that the SEC is closing the investigation into Ethereum 2.0. It marks a major win for ETH and confirms that Ether (ETH) sales are not considered securities transactions. The investors and community are rejoicing at the outcome of the SEC’s investigation into Ethereum 2.0. The Ethereum price surged over 2.03%, hovering close to $3551 at press time. Let’s analyze whether ETH may continue to correct more or look to secure new heights in the upcoming sessions.  Ethereum Secures a Major Victory as the SEC Concludes Investigation! Ethereum has achieved a notable triumph as the U.S. Securities and Exchange Commission’s Enforcement division has announced the conclusion of its probe into Ethereum 2.0, according to a tweet by blockchain company Consensys.  ETHEREUM SURVIVES THE SEC. Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC… — Consensys (@Consensys) June 19, 2024 The SEC’s resolution indicates that it will not pursue any allegations that ETH sales constitute securities transactions, as clarified by Consensys. Whales are Offloading Ethereum from Major Exchange! As per a tweet by Spot On Chain (@spotonchain) on X, a major Ethereum investor has transferred 16,604 ETH, valued at over $58.6 million, out of Binance at an average price of $3,600 during the last 19 sessions.  This big whale withdrew 16,604 $ETH (~$58.6M) from #Binance at an avg price of $3,600 in the past 19 days! The whale’s last actions were to accumulate 5,603 $ETH ($19.7M) ~ 1hr ago, after the #SEC permanently suspended their investigation into #Ethereum. Follow @spotonchain and… pic.twitter.com/TYeLwLsWns — Spot On Chain (@spotonchain) June 19, 2024…

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Filed under: News - @ June 20, 2024 8:24 am