Bitcoin's market cap drops to 58.5%, with significant whale activity and Ark Invest's Coinbase stock reduction, while over 90% of Ethereum addresses are profitable for the first time since December 2024.
Bitcoin's market capitalization has decreased to 58.5%, while Ethereum's stands at 11.4%. A whale sold 700 WBTC for $82.4 million, and Ark Invest reduced its Coinbase stock holdings by $90.58 million. Notably, over 90% of Ethereum addresses are now profitable, the highest since December 2024. Volcon completed a $500 million private placement and plans to rebrand as Empery Digital, while GameSquare increased its digital asset treasury by acquiring 8,351 ETH.