FTX Hacker & Grayscale BTC FUD

Main Takeaway: Crypto FUDing On FTX Hacker Sales & Grayscale BTC Discount

The two news stories hammering the markets this Sunday night US time, and Monday morning Asia time is a current activity from the FTX “hacker” whale that’s mass-selling ETH and the drama surrounding the Grayscale Bitcoin Trust. The FTX hacker is still one of the largest ETH holders, holding over 200,000 ETH worth over $200 million. The individual is selling the ETH, causing the asset to be down over 8%. The main takeaway is investors and traders should keep an eye on how the FTX scenario unfolds over the coming days and weeks and if other actors will go down with it.