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Ethereum briefly fell below $1,600 this morning with a 24-hour decline of 2.19%.

According to market data from OKX, Ethereum briefly fell below $1,600 this morning and is currently trading at $1,634.87, representing a 2.19% decrease in the past 24 hours. This news was reported by BlockBeats on August 23rd.

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On-Chain Activity

1h ago

Galaxy Digital OTC transferred 47,000 HYPE, worth approximately $4.06 million, to OKX 4 hours ago.

6h ago

An entity transferred approximately 1.223 million SOL to Coinbase Prime, valued at around $117 million.

9h ago

A new address withdrew approximately $6 million worth of LIT, ENA, and ARB from OKX.

10h ago

A whale closed a 25x ETH short position yesterday, earning $692,000 in profit over five days.

24H Important News

2026-10-31

Binance: Approximately 90% of affected assets have been backfilled, and a new round of proof of reserves snapshot has been completed.

SlowMist's Cos: Binance hack indirectly pushes up stETH yields, Lido's 7-day average APR rises to 4.2%.

The crypto industry has invested over $200 million in positioning for the 2026 midterm elections, aiming to promote favorable regulatory rules.

Binance hacked for $6.3 billion, sparking concerns over crypto wallet security; experts expect more security incidents in the near term.

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