Arthur Hayes, co-founder of BitMEX, has made significant transactions in cryptocurrency, moving approximately $8.4 million across various tokens within 24 hours. Amid a recent surge where Ethereum briefly exceeded $4,300, large wallet activities suggest increased whale interest in the digital asset, with one institutional wallet accumulating 221,166 ETH worth nearly $946.6 million in the past week. Analysts attribute this momentum to favorable macroeconomic factors, including anticipated interest rate cuts and a robust DeFi landscape. However, they also caution that legislative delays regarding market structure could create volatility. As Ethereum continues to capture institutional interest, especially from large players, the potential for a sustained rally is being closely monitored, yet risks associated with price volatility persist, especially in light of upcoming inflation reports that could impact market sentiment.

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