Author: NBTC
Key Takeaways FTX and Alameda Research staked 20,736 ETH valued at $79 million after recent Bybit withdrawals. The entities unstaked over 3 million Solana tokens valued at approximately $431 million in March. Wallets linked to FTX and Alameda Research staked 20,736 Ethereum valued at approximately $79 million on Wednesday, according to data tracked by Lookonchain. The move follows ETH withdrawals by defunct crypto trading firms earlier this year. Between December 17, 2024, and January 9, 2025, FTX and Alameda withdrew about 21,650 ETH from Bybit. FTX/Alameda staked 20,736 $ETH($79M) an hour ago. Between Dec 17, 2024, and Jan 9, 2025,…
Daehong Communications, a subsidiary of South Korea’s Lotte Group, has announced plans to build a blockchain-powered “Money Movement” ecosystem using Aptos, a high-performance Layer 1 blockchain. The project follows a partnership formed last year between Daehong Communications and Aptos Foundation. The “Money Movement” system is designed to track and verify digital assets — such as mobile vouchers, loyalty points, mileage, and stablecoins — as they are created, transferred, and used in real-world transactions. All transaction data will be recorded on the blockchain, ensuring transparency in ownership and management. As part of the initiative, Daehong has integrated Aptos’ blockchain technology with…
Bitcoin has surged to new all-time highs above $123,000 and just logged its highest-ever weekly close at $119,500, following another record weekly close the week before. Year to date, BTC is now up around 30%, pulling ahead of gold which has gained approximately 27% during the same period.According to analysis by Charlie Bilello, chief market strategist at Creative Planning, bitcoin and gold are the top two performing assets so far in 2025. Bilello notes, “We’ve never seen these two in the number one and number two spots for any calendar year.” However, there is a downside to having two largely…
Lido’s Founder, Konstantin Lomashuk, was loaned about 85M USDT by lending protocol Aave, which he used to buy ETH. Arkham’s data showed that Lomashuk first sent 80M USDT to the Amber Group, which deposited all the funds into an exchange. Lookonchain reports revealed that the Lido Founder later withdrew approximately 15.81K ETH, worth about $59.75M, from the exchange. According to Arkham’s live data, his portfolio currently holds about 69.619K AETHWSETH worth over $318M. It also has about $5M worth of ETH left and slightly over 2K DAI valued at $2.08K. The Arkham data also showed that Lomashuk’s overall portfolio had…
High-risk crypto trader James Wynn, who made headlines for his aggressive leveraged trading strategies and accompanying losses, has turned a profit, earning over half a million dollars today. This marked his largest profit since May 25. This marks a dramatic turnaround for Wynn, whose luck had run dry after watching all his previous gains wiped out by highly leveraged positions on Hyperliquid. James Wynn’s Trading Rollercoaster Ends in Green—for Now In June, BeInCrypto reported on Wynn’s substantial $100 million loss on Hyperliquid. Despite the blow, he continued making high-stakes bets. This month, the blockchain analytics platform Lookonchain highlighted that Wynn…
There are speculations that SEC will withdraw litigation against Ripple and coinbase. This follows a significant policy change in the US regarding cryptocurrencies. According to the reports by Reuters, the administration of Trump is undoing the steps that were already taken in the past concerning enforcement. A number of legal charges, such as high-notification suits against exchanges, are pending. In December 2020, the legal action of the SEC against Ripple began due to claims of unregistered sales of securities. The case established that the classification of digital assets in the U.S. could occur. Coinbase was also subjected to a different…
In the fast-paced world of cryptocurrency, staying informed about exchange announcements is crucial for every investor and trader. A significant development has just emerged concerning THORChain (RUNE) holders on Binance. The global crypto exchange giant, Binance, has announced a temporary Binance RUNE suspension of deposits and withdrawals for the THORChain network. This move, scheduled for July 31st, 2024, at 17:00 UTC, is in direct support of an upcoming, vital upgrade to the THORChain network. Understanding the implications of this suspension and what steps to take is paramount for ensuring your assets remain secure and accessible. Understanding the Binance RUNE Suspension:…
USDT transfer volume has climbed to $52.9 billion on a 30-day moving average basis, marking a steady recovery in stablecoin velocity since the early 2022 market turbulence. According to Glassnode data, this gradual increase shows consistent growth in market activity and stablecoin adoption across multiple blockchain networks. The sustained volume growth comes as Tether issues over $13 billion in new USDT during Q2 2025, bringing the total circulating supply to $157.1 billion. This represents a $20 billion year-to-date increase and widens the gap with competing stablecoins to over $100 billion according to CEO Paolo Ardoino. BNB Chain Captures Market Share…
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Looks north; Dealer gamma, Vol and DXY in focus Bitcoin just shattered records, surging past $123,000 early Monday, continuing the march to $140,000 levels indicated by the strong breakout in BlackRock’s IBIT last week. There’s every reason to be incredibly bullish here as we face a “Goldilocks” moment for bitcoin: a pro-crypto U.S. President calling for ultra-low interest rates against the backdrop of fiscal splurge and stock market highs. It’s an unprecedented alignment of bullish BTC factors. BTC’s daily…
Corporate treasury participation in ether (ETH) has surged in recent months, with institutional entities now holding 1% of the cryptocurrency’s circulating supply, according to a report from investment bank Standard Chartered (STAN). The bank predicts that ether treasury holdings could reach 10% of total supply over time, a 10-fold increase from current levels. The pace of buying rivals inflows into spot ether exchange-traded funds (ETFs) , which are themselves seeing record demand, the report said. Several companies have recently unveiled ether treasury strategies that generate passive yield through ETH staking. These include BitMine Immersion Technologies (BMNR) and SharpLink Gaming (SBET).…