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Ethereum (ETH) reached its yearly high of $2,310 per token on December 6. Amidst this surge, institutional giants deposited 19,822 ETH ($45.2 million) to cryptocurrency exchanges.  Notably, Galaxy Digital, Celsius, and FTX have signaled their intention to sell a relevant part of their stacks. SpotOnChain gathered this data from known crypto wallet addresses of these giant institutional investors. Moreover, Celsius and FTX have been constantly selling Ethereum and other tokens in 2023. Both companies filed for bankruptcy during the cryptocurrency bear market, which demanded these liquidations. However, Galaxy Digital is still operational under Mike Novogratz’s leadership. Novogratz became known for his support of the collapsed Terra (LUNA) and a remarkable LUNA body tattoo. Institutional Giants’ ETH activity Cryptocurrency Is it too late to invest in Ethereum? Banking France’s third-largest bank issues its first green bond on ETH ...

JPMorgan’s blockchain platform JPM Coin has introduced programmable payment functionality for its institutional users. Multinational banking firm JPMorgan has rolled out a program mable payment feature for institutional users of its private blockchain platform JPM Coin. Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initial report from Bloomberg. According to Mallela, the programmable payments feature is now available to all its institutional clients. The capability is said to enable real-time, program mable treasury functionality and new digital business models. Mallela hailed the launch as a significant milestone in the evolution of JPM Coin and described the newly introduced program mability as the ‘holy grail’ for its blockchain platform . The Onyx team shared further details of the programmable payments feature in correspondence with Cointelegraph. Onyx and JPM Coin note that this featur...