Rumors that the SEC will approve a spot Bitcoin ETF in the coming months have brought BTC to $30,000, while the largest altcoin Ethereum has approached $1,900.
There has been a surge in illegal activity on ETH over the past week as regulatory pressure on cryptocurrencies continues.
Total illegal flows in Ethereum reached nearly 2% last week, according to Chainalysis data.
It was stated that the rate, which returned to normal levels on 6 August, varied between 1.7% and 1.82% between 30 July and 5 August.
The highest illicit activity activity rate before last week's 2% was seen in January, when illicit streams reached 1.46 percent of total streams on the network.
While it remains unclear that the increase in illegal activity in the ETH network was caused by the brain, it was noteworthy that it coincided with the hacking of Curve Finance, the DeFi platform that shook the crypto money industry.
*Not investment advice.
