According to Lookonchain monitoring, after reports came out last night that “the U.S. Securities and Exchange Commission (SEC) said that the application documents for spot bitcoin ETFs submitted by asset management companies such as BlackRock and Fidelity Investments were not sufficient,” the ETH fell. Before the subsequent rebound, a giant whale proposed to withdraw 8,188 ETH (about 15.23 million U.S. dollars) from Binance after depositing nearly 32 million USDT in Binance, with a purchase price of about 1,860 U.S. dollars.