BITPRISMIA
A Cumberland wallet transferred 44,000 ETH (worth approximately $151.8 million) to Coinbase Institutional, raising questions about the motives behind this large-scale transaction.
The PENGU token, associated with the Pudgy Penguins NFT ecosystem, has seen significant transfers worth $45.56M to major crypto exchanges, sparking discussions about market implications and investor strategies.
Abraxas Capital is reportedly facing a $131 million unrealized loss on crypto short positions, primarily held on the Hyperliquid platform, highlighting the risks of high-stakes crypto trading.
Privacy Pools has integrated Sky's USDS stablecoin, enhancing on-chain privacy through zero-knowledge proofs (ZKPs), with significant endorsement from Ethereum co-founder Vitalik Buterin.
Coinbase Wallet is rebranding to 'Base App,' aiming to become an 'everything app' by integrating various on-chain services, including payments, messaging, and AI interactions, powered by Coinbase's Ethereum Layer 2 network, Base.
AguilaTrades has made a significant $476 million 20x leveraged long position in Bitcoin, reflecting strong market confidence and potentially influencing Bitcoin's price trajectory.
Trend Research, under LD Capital, has sold a significant amount of ETH and may sell more, potentially impacting the Ethereum market with a $120 million shift.
The article discusses emerging signs of profit-taking among Bitcoin holders, as indicated by on-chain analysis, and its potential implications for the cryptocurrency market.
Bitcoin investors realized $3.5 billion in gains within 24 hours, marking the largest daily profit-taking event this year, with long-term holders driving the majority of the sales.
Galaxy Digital's significant Bitcoin deposits to centralized exchanges and the activity of a long-dormant crypto whale have drawn attention, raising questions about their potential impact on BTC price and market sentiment.