Ethereum Slumps Amid SEC Delays, XRP Whales Dump Large Holdings; BlockDAG Raises $216 Million for Post-Mainnet Staking

The cryptocurrency market is experiencing volatility with Ethereum’s price drop below the $1,600 mark. This decline stems from delays in the SEC approval of Ethereum ETFs and ongoing uncertainty about regulatory clarity. Notably, large XRP holders are selling significant amounts of tokens, leading to notable market fluctuations. However, BlockDAG appears poised for growth, raising $216 million through its presale. The project’s upcoming staking launch is designed to provide stable returns and secure long-term value.