Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Bitcoin Slides Below $106K; Analyst Sees Ether Breakout Looming

07/07/2025

Cardano Founder Promises Audit to Debunk Claims of Misappropriating $600M in ADA Tokens

06/07/2025

USDC Stablecoin Arrives on Hippo Chain Testnet

06/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin Slides Below $106K; Analyst Sees Ether Breakout Looming

    07/07/2025

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

    06/07/2025

    Is BTC’s Rally Sustainable or Due for a Pullback?

    06/07/2025

    Former PayPal CEO Makes Exciting Predictions About Bitcoin

    06/07/2025

    Tom Lee Says Ethereum Could Be the Next Bitcoin

    05/07/2025

    Why Is Ether Struggling Near $2,400 Even as More Firms Add ETH to Their Treasuries?

    05/07/2025

    Ethereum dev Zack Cole launches initiative to fund ‘tokenless’ projects, promote ETH burning mechanisms

    05/07/2025

    Ethereum (ETH) Price Prediction for July 3

    05/07/2025

    Cardano Founder Promises Audit to Debunk Claims of Misappropriating $600M in ADA Tokens

    06/07/2025

    Charles Hoskinson Confirms Cardano–Litecoin Collaboration for DeFi Expansion

    06/07/2025

    Chainlink CCIP Launches on Solana, Linking $19B in Assets

    06/07/2025

    Ripple CEO Reacts to Major XRP Milestone

    06/07/2025

    Top NFTs Trending Today, Courtyard Leading the Pack

    06/07/2025

    NFT Market Sees Recovery, Records 17.23% in Weekly Sales, Guild of Guardians Leads Sales with $29.61 Million

    05/07/2025

    You Can Buy a Martian Meteorite With Bitcoin—If You Have Upwards of $4 Million

    04/07/2025

    Cheaper NFTs Mean Sales Are Surging, But Trading Volume is Plummeting: DappRadar

    04/07/2025

    Bitcoin Slides Below $106K; Analyst Sees Ether Breakout Looming

    07/07/2025

    Cardano Founder Promises Audit to Debunk Claims of Misappropriating $600M in ADA Tokens

    06/07/2025

    USDC Stablecoin Arrives on Hippo Chain Testnet

    06/07/2025

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

    06/07/2025
  • Blockchain

    USDC Stablecoin Arrives on Hippo Chain Testnet

    06/07/2025

    Aicean and MOMO.FUN Join Forces for Web3 Innovation: AI Meets MemeFi

    06/07/2025

    Ispoverse Taps Conflux Blockchain for Scalable, Secure Web3 Gaming Infrastructure

    06/07/2025

    Bitget Wallet cuts on-chain TRON USDT transver costs by 50%

    06/07/2025

    SpoonOS and DBOS partner to support durable AI agent applications

    06/07/2025
  • DeFi

    DeFi Is outpacing Bitcoin’s maximalist mindset

    06/07/2025

    Janus Henderson Launches First Native Onchain AAA CLO Strategy

    06/07/2025

    ‘If I lose, DeFi dies with me:’ Tornado Cash co-founder doubles down on innocence ahead of trial

    05/07/2025

    Ethereum DeFi Project Ondo Aims to Take on Robinhood With Jump Into Tokenized Stocks

    05/07/2025

    Stablecoin banks like Erebor could inherit DeFi’s weakest links, says Web3 security firm

    04/07/2025
  • Metaverse

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025

    Mark Zuckerberg Unveils New Meta AI Lab After Poaching OpenAI Talent

    01/07/2025

    Can China’s MiniMax-M1 AI Topple US Rivals? We Put It to the Test

    28/06/2025

    Meta and OpenAI Use of Copyrighted Books for Training AI Was Fair Use: Federal Judge

    26/06/2025

    How to Get Your Chatbot to Talk Dirty

    18/06/2025
  • Regulation

    Circle IPO delivers 4x return for Sigil Fund

    05/07/2025

    Circle’s IPO success marks the start of crypto listing surge

    05/07/2025

    Saylor to Jim Chanos: Three ways your MSTR short is doomed

    05/07/2025

    Ripple’s Brad Garlinghouse Says Circle IPO Signals U.S. Stablecoin Regulation Ahead

    05/07/2025

    Bank of Korea Governor to Meet Bank Chiefs as Stablecoin Debate Heats Up

    05/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Stablecoins power 75% of crypto payments across Europe, report shows

    06/07/2025

    Coinbase is Driving Adoption of Circle’s USDC for Payments, Financial Services: Bernstein

    06/07/2025

    Robinhood’s OpenAI Token Transfer Linked to Wallet with Interesting On-Chain Past

    06/07/2025

    PancakeSwap Hits Record $325 Billion in Monthly Volume

    06/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Why loyalty is becoming web3 gaming’s next essential layer

    06/07/2025

    FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership

    05/07/2025

    Neural Expands to Solana with AI Game Creation Tools and Multi-Chain Support

    05/07/2025

    HeLa Space and Onmi Upgrade AR Gaming Experience with Web3 Adventure

    04/07/2025

    Satoshi’s Bitcoin Mining Costs Were Shockingly Low, Cardano Co-Founder Reveals

    06/07/2025

    Bitcoin Hashrate Revs up 88 EH/S Since the Low as Miners Race Toward Profitability

    06/07/2025

    Another Solo Bitcoin Miner Beats the Odds, Winning $350K Jackpot

    05/07/2025

    World Famous E-Sports Giant Announces It Will Enter Bitcoin Mining Industry! Here Are the Details

    05/07/2025

    Can The SEC Vote To Continue Appeals Process In Ripple Case?

    05/07/2025

    GENIUS Act and CLARITY Market Structure Bill

    05/07/2025

    Celsius advances in court against Tether for $4 billion

    05/07/2025

    After 5 Years Battling the SEC, Has XRP Come Full Circle?

    05/07/2025

    Bitcoin Slides Below $106K; Analyst Sees Ether Breakout Looming

    07/07/2025

    Cardano Founder Promises Audit to Debunk Claims of Misappropriating $600M in ADA Tokens

    06/07/2025

    USDC Stablecoin Arrives on Hippo Chain Testnet

    06/07/2025

    SEC Commissioner Hester Peirce Says “We Can’t Ignore It” in Bitcoin 2025 Fireside Talk 

    06/07/2025
  • MarketCap
NBTC News
Home»Ethereum»1inch Investment Fund Just Sold Ethereum, What Do They Know?
Ethereum

1inch Investment Fund Just Sold Ethereum, What Do They Know?

NBTCBy NBTC25/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


1inch Investment Fund, a fund closely tied with the crypto exchange aggregating platform, 1inch, has sold 4,685 stETH for 8.54 million USDC at $1,823, according to Scopescan, an analytics platform, on October 24. By selling at spot rates, the fund has netted $1.28 million in profits since the stETH was bought at an average price of $1,550 less than a week ago.

1inch Investment Fund sells Ethereum| Source: Scopescan on X

1inch Investment Fund Sells stETH

StETH, or staked Ethereum (ETH), is an ERC-20 token representing staked ETH on the Lido Finance protocol. The platform allows anyone to stake their coins and earn rewards without necessarily locking their coins for an extended period. 

As of October 24, Lido Finance is the most popular decentralized finance (DeFi) application looking at total value locked (TVL). DeFiLlama data shows that the protocol manages over $15.7 billion of assets, of which over 95% are ETH. 

Lido Finance TVL| Source: DeFiLlama
Lido Finance TVL| Source: DeFiLlama

Technically, any ETH holder wishing to stake and earn network rewards stake on Lido Finance receives stETH in return, representing the stake amount. The higher the staked amount, the more stETH the protocol issued. This stETH can be traded, transferred, or used to secure loans while concurrently earning network rewards. 

Selling stETH means 1inch Investment Fund automatically unstaked the same amount on Lido Finance and sold the underlying coins. Even so, transferring the underlying ETH can take several days when there might be changes to spot prices.

Curiously, the decision is when the crypto market seems to recover, and Ethereum is roaring back to life towards the $2,000 level. Considering that the fund is private and doesn’t divulge its strategy to the public, it couldn’t be immediately determined why it sells stETH when market confidence is high. 

Will Ethereum Prices Break $2,000?

Looking at price charts, Ethereum prices are up roughly 17% from H2 2023 lows, rallying at spot rates. The October 23 and 24 expansion has seen the coin break higher, registering new October highs. Even so, despite the overall confidence, the failure of bulls to complete reverse losses of August 17 should be a concern.

Ethereum price on October 24| Source: ETHUSDT on Binance, TradingView
Ethereum price on October 24| Source: ETHUSDT on Binance, TradingView

Ideally, a comprehensive surge above $1,800 and $2,000 could anchor a leg up toward $2,100 in the coming sessions. When the fund sold stETH at $1,823, price data showed it exited at around today’s peak. There is an inverted hammer in the ETHUSDT daily chart, an indicator that prices are inching lower on increasing selling pressure.

Feature image from Canva, chart from TradingView


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Tom Lee Says Ethereum Could Be the Next Bitcoin

05/07/2025

Why Is Ether Struggling Near $2,400 Even as More Firms Add ETH to Their Treasuries?

05/07/2025

Ethereum dev Zack Cole launches initiative to fund ‘tokenless’ projects, promote ETH burning mechanisms

05/07/2025

Ethereum (ETH) Price Prediction for July 3

05/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Bitcoin Slides Below $106K; Analyst Sees Ether Breakout Looming

07/07/2025

Cardano Founder Promises Audit to Debunk Claims of Misappropriating $600M in ADA Tokens

06/07/2025

USDC Stablecoin Arrives on Hippo Chain Testnet

06/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.