An unknown Bitcoin address sold off their entire stack of 636 BTC worth $23.46 million before reports of new enforcement actions against players in the industry by the US government. On the same day, the SEC charged crypto exchange Kraken with operating an unregistered platform and mishandling customer funds, while reports circulated that the Justice Department and Binance are coming to a potential $4 billion settlement. Lookonchain speculated that institutional investors were accumulating LDO, the native token for liquid staking platform Lido, as two wallets associated with institutional crypto service companies FalconX and Amber withdrew LDO tokens from Binance on multiple occasions.