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The newly created address moved about $39.7 million worth of Ether from the two exchanges over the period.

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Bitcoin rebounded above $84,000 even as the U.S. 30-year Treasury yield hit 5.58%, its highest level since 2002, and the 10-year yield reached 5.26%. Chainlink surged toward $15.33 while Aave climbed near $155.27, with DeFi and infrastructure tokens leading the broader crypto recovery.

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As Solana begins to see heightened institutional interest amid the recent crypto market recovery, leading asset management firm Bitwise has continued to expand its holdings with consistent purchases.

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The wallet converted about 20,040 stETH into roughly 20,000 ETH through 1inch before sending the tokens to the exchange.