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Ethereum Tests $2,870 Support Level as Whale Wallets Increase Holdings
Ethereum fell to $2,870 on Wednesday, reaching an on-chain support level that analyst MAC_D identifies as a potential bottom formation. Smaller wallets reduced positions during the decline, while whale addresses holding over 10,000 ETH continued accumulating. The price drop occurred amid risk-off sentiment before Nvidia's earnings, with markets rebounding after the chipmaker's results exceeded expectations.
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1h ago
Coinbase Files to Reincorporate in Texas, Citing Specialized Business Court and Governance Framework
Coinbase filed with the U.S. Securities and Exchange Commission on November 12 to reincorporate in Texas, according to the filing. The company named Foley & Lardner LLP as Texas counsel. Partners Christopher Babcock and Christopher Converse cited the state's specialized Business Court, predictable corporate governance rules, and optional derivative litigation thresholds capped at 3% ownership as key advantages.
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