Crypto Morning Summary: Institutional ETH Accumulation and Market Trends

This morning, I received a series of crypto news updates that caught my attention. A mysterious whale or institutional entity is creating new wallets and increasing ETH holdings by 11,062 ETH, with five wallets created in just three days totaling over $500 million worth of ETH. Additionally, MetaMask now supports the Sei blockchain, expanding the total supported chains to eleven. The crypto startup Parataxis plans to raise $640 million through a merger with SilverBox Corp IV to purchase Bitcoin. Standard Chartered highlights Ethereum funds as highly attractive for investment, claiming they outperform US spot ETH ETFs. Roman Storm, the founder of Tornado Cash, has been found guilty of unlawful money transmission, but charges of money laundering and sanctions violations were not confirmed. U.S. tariffs on chips and semiconductors are expected to reach nearly 100%, which could impact the crypto and tech sectors. Coinbase launched a trading pair involving Cosmos and DDX. Related to the Trump family, American Bitcoin, a mining company, plans to list on Nasdaq, while the White House announced additional tariffs and increased U.S. investment plans. Kaito AI launched a public token offering on Capital Launchpad. Marex, a clearinghouse, is connecting to JPMorgan's Kinexys blockchain settlement system. Orca DAO proposes staking 55,000 SOL and initiating a two-year buyback program. TAO Synergies has accumulated over 42,000 Bittensor tokens. Rillet, an AI ERP platform, secured $70 million in a Series B led by A16z and ICONIQ. Ethereum's transaction volume in July reached $238 billion, its highest since December 2021, indicating increased on-chain activity. However, the options market for Bitcoin and Ethereum in August signals bearish sentiment. Finally, SuperGaming secured $15 million in Series B funding at a $100 million valuation, led by A16z and Polygon.