Trend Research deposited 17289 ETH worth nearly $53 million into CEX

BlockBeats news, on July 16th, according to market information, Sharpnink Gaming (SBET) opened 13.08% higher in pre-market trading, with a quote of $32.820. Previously, SharpLink Gaming increased its holdings of 6377 ETH (approximately $19.56 million) today. In the past 7 days, the institution has cumulatively purchased 91330 ETH (approximately $275 million). In addition, the company announced that there is still approximately $257 million in capital available for future ETH acquisitions.

Data from the past 12 hours shows that the total amount of large market buy orders reached $26.25 million, exceeding sell orders by $5.32 million, indicating a clear bullish signal. Especially with the latest purchase of $1.19 million at 18:22, the price remained stable above $119240, indicating an increase in short-term support. However, the large market price sell order of $4.2 million at 17:41 did not continue to suppress the price, and signs of a rebound appeared. The current 2-hour cycle K-line has closed in a cross star pattern with a longer upper shadow line, indicating market hesitation. However, the EMA24 and EMA52 moving averages have crossed upwards, providing technical support for the upward trend. Open membership immediately, stay ahead of large transaction dynamics, and accurately capture the flow of main funds! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

OKX-ENS is currently priced at $26.29, with a 24-hour increase of 19.07%. 24-hour transaction volume of 500 million US dollars, an increase of 997.64%, for reference only

The team behind the network shared that the initial distribution will occur over the next 30 days.

According to Cointelegraph, the US Department of Justice has revealed that the Drug Enforcement Agency (DEA) and the Federal Bureau of Investigation (FBI) have seized $10 million worth of cryptocurrency related to the Sinaloa drug trafficking group in a joint operation in Miami, Florida. Sinaloa Group is one of the six transnational drug trafficking terrorist organizations recognized by the US government. The son of the group leader Joaquin "El Chapo" Guzman has pleaded guilty in Chicago.