A certain address received 62.7 million WLFI and 324 ETH from BitGo, with a total value of approximately $2.04 million.

CryptoQuant Warns of Ethereum 'Adoption Paradox' as Vitalik Outlines Three Core Functions

Ethereum is facing an "adoption paradox" where record-high network activity has diverged from ether's price performance, potentially leading to further downside toward $1,500 by late 2026 if bear market conditions persist, according to onchain analytics firm CryptoQuant.

US Treasury Sanctions North Korean Fraud Mastermind, 21 Cryptocurrency Addresses Frozen

The U.S. Department of Treasury has imposed sanctions against six individuals and two entities, accusing them of participating in a North Korean IT fraud scheme, with funds being used for weapons development. The fraud network includes overseas IT workers impersonating legitimate workers, stealing corporate technology, and using cryptocurrency for money laundering. Chainalysis warns that this fraudulent activity is becoming increasingly rampant and recommends that cryptocurrency firms strengthen their due diligence and monitoring of counterparties.

Yesterday, U.S. spot Ethereum ETF saw net inflows of $72.45 million, with Fidelity FETH receiving the most inflows.

Gate News Report: On March 13, according to monitoring by crypto analyst Trader T, the US spot Ethereum ETF had net inflows of $72.45 million on March 12. Among them, Fidelity FETH had net inflows of $52.02 million, accounting for 71.8% of total inflows; BlackRock ETHA had net inflows of $18.77 million; Bitwise ETHW had net inflows of $0.89 million; Franklin

US Treasury Department Sanctions 6 North Korean IT Workers, 2 Entities in Fraud Network Involving $2.5 Million in Cryptocurrency Laundering

The U.S. Department of the Treasury announced sanctions against 6 individuals and 2 entities for their involvement in a North Korean IT worker fraud scheme, with proceeds used to fund weapons programs. Sanctions include asset freezes and prohibitions on transactions with the United States, along with the listing of associated cryptocurrency addresses.

US Treasury Sanctions North Korean IT Fraud Network Facilitators, Crypto Industry Becomes Key Target

The U.S. Department of the Treasury has imposed sanctions on six individuals and two entities for allegedly assisting North Korean IT workers in conducting fraud and providing financial support to North Korean weapons programs. The sanctioned entities include a North Korean company and a Vietnamese company, involving approximately $2.5 million in transfers. Investigations reveal that such fraud schemes target multiple industries and pose serious security threats to the cryptocurrency sector.

CryptoQuant: Ethereum Adoption Paradox Deteriorates, Price May Fall to $1500

Ethereum faces an "adoption paradox," where network activity reaches record highs but ETH price has fallen sharply, showing a divergence between the two. Analysis points out that current network activity growth primarily comes from automated contracts like DeFi, rather than genuine user demand, which intensifies selling pressure. If the bear market continues into 2026, ETH could fall to $1,500. Attention should be paid to changes in capital inflows and exchange inflows to determine whether ETH will emerge from the bear market.