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European automakers seek policy support amid China pressure
European automakers urge support as VW warns of ’enormous pressure’
Goldman Beats on Equity Trading as Fixed Income Falls Short
Cyber attack on French supermarket fridges raises alarm over food security
LHV Bank Appoints Damian Thompson as CEO
HSBC Predicts Strong Q3 Earnings Amid AI Demand Surge
Vance, Altman, Musk, Mamdani, Bieber and More at the DealBook Summit
Netflix to Show 2030 World Cup in Spain Amid Live Sports Push
Ugandan Central Bank Calls Special Meeting After Shilling Sinks
JPMorgan Reports Lower-Than-Expected Q3 Earnings and Revenue
US Nuclear’s Low-Hanging Fruit Is Being Gobbled Up
European gas hits Iran wartime high
Why is Olvi stock sliding today?
S&P 500, Dow futures muted after big bank earnings, chip slide weighs
Romania inflation rises to 6.6% in September on fuel costs
Goldman Sachs quarterly profit rises on equities strength
JPMorgan Reports Third Quarter Earnings Below Expectations
Wells Fargo Reports Mixed Results for Q3 2026
The Morning Risk Report: Trump’s Diesel Deal With Russia Faces Questions From Lawmakers on Legality
Soybeans Decline as Traders Wait for China to Step Up Purchases
The world economy is running hotter than expected
Bitget Introduces Token Stock Transfer Service for US Stocks
Alpari Receives 'Best Execution' Award at Dubai Forex Expo 2026
Oil prices ease as traders monitor Russian diesel deal, Saudi attacks
S&P futures turn negative following bank earnings slate
Premarket movers: UnitedHealth jumps, chip stocks slide
JPMorgan hit by slowdown in investment banking momentum, shares slip
Bank of Korea chief says monetary policy to stay restrictive for now
J&J Leans Toward Orthopedic Spinoff as Medtech Sales Disappoint
Solana Experiences First Weekly Net Outflows as Market Weakens
Space Investment to Top $100 Billion in 2026 After SpaceX IPO
Market Data Costs Expected to Rise by Over 50% in 2027 Due to AI
Why is Visa stock surging today?
Exclusive-Mexico to approve Viva-Volaris airline merger by end of 2026, sources say
Budget cuts would impair Colombia peace court, search for disappeared, officials say
US inflation expectations are well anchored, Fed’s Waller says
Latest Oil Market News and Analysis for Oct. 13
JPMorgan's 3Q Fixed-Income Trading Revenue Misses Estimates
Zoltán Kurali on the MNB’s monetary policy framework review
Sitharaman Acknowledges Debate on Transaction Tax
Healey rejects calls to equalise capital gains and income tax rates
Can energy help Mexico in trade talks with Trump?
Why the AI Boom Is Papering Over Cracks in Global Economy
Financial imbalances and AI boom
European stocks buck tech-led global rout, bank earnings in focus
Johnson & Johnson Reports Strong Pharmaceutical Sales Amid Weaker Medical Device Performance
Why is VF stock rallying today?
How governments spend money
Bank of America Survey Reveals Shift in Investor Sentiment and Positioning
Iran Denies UK Accusations of Security Incident at RAF Fairford
Kalshi's Top Inflation Trader Beats Wall Street Banks From His Garage
UK chances of keeping £3.8bn bitcoin haul rise after High Court ruling
Morning Bid: Chips off the table
JPMorgan’s profit rises on investment banking, trading strength
Kremlin denies link between US diesel deal and Ukraine talks
Can this family tackle $100,000 in student loan debt?
Russia Supplies $21.3 Billion in Energy to EU in 2026
As diesel prices soar, Bolivian farmer turns trash into tractor fuel
Saudi warning system stayed silent before deadly airport attacks
Why is Samsung Electronics DRC Pref stock sliding 4% today?
UnitedHealth Group raises profit forecast on third-quarter earnings beat
British grocery price inflation rises to 2.5% in October
Trump faces stiff bipartisan pushback to Russian diesel import deal
German inflation rises to 3.3% in September
Saudi Arabia’s Riyadh airport to stay shut this week amid Houthi attacks - Reuters
Hezbollah outlines financial aid plan for Lebanese with destroyed homes
The Nobel Prize in Economics has implications for the Federal Reserve. Read more in today’s WSJ Economics newsletter:
Treasury, Eurozone Yields Fall as Markets Look to U.S. Inflation Data
Seeking Less Harmful Alternatives to Central Bank Rate Rises
Ethereum Foundation Recipients Transfer $11 Million in ETH to Kraken Exchange
Two wallets that received Ether (ETH) from an early distribution by the Ethereum Foundation have transferred 4,393 ETH, valued at approximately $11.1 million, to the Kraken exchange. This transaction occurred on Monday and has sparked discussions on social media regarding the potential sale of ETH by the Foundation. However, analysis from on-chain tracker Arkham Intelligence indicates that these wallets are two steps removed from the Foundation, suggesting that an exchange deposit does not necessarily equate to a sale.
The Ethereum Foundation originally distributed 59,751 ETH to an intermediary address nearly a decade ago, when the price of ETH was around $0.90. This address subsequently divided the coins into three parcels of approximately 18,000 ETH each, which were sent to separate wallets at a time when ETH was valued at about $2.13. The largest deposit made on Monday came from one of these wallets, amounting to about 2,998 ETH, or roughly $7.6 million, while the second wallet contributed around 1,395 ETH.
It is important to note that the Ethereum Foundation has previously sold ETH from its treasury, leading to close monitoring of any addresses associated with it. However, a wallet that received Foundation ETH years ago may not be under the Foundation's control today. The blockchain records only the transfer of coins to the Kraken deposit address, leaving the subsequent actions within the exchange opaque. Furthermore, the $11 million transfer is relatively small compared to ETH's typical daily trading volume, suggesting it is unlikely to significantly impact market prices.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News