ReportWire

Tag: FTX Exchange

  • FTX Moves Over $10 Million in Crypto to Wintermute: Data

    FTX Moves Over $10 Million in Crypto to Wintermute: Data

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    In an intriguing demonstration of cryptocurrency activity, FTX-associated addresses have transferred $10.49 million in different assets to Wintermute’s deposit addresses on Binance and Coinbase within recent hours.

    According to Arkham Intelligence data, significant amounts of crypto were moved in a sequence of transactions, suggesting FTX’s exploration of investment diversification strategies.

    FTX Massive Fund Movements

    According to data analysis from the platform Arkham Intelligence, the large deposits associated with FTX consist of substantial amounts of Ethereum, MKR, LINK, and AAVE.

    The analysts observed cryptocurrency movements between Alameda, FTX, Binance, and Coinbase wallets in the hours before writing this report.

    The initial transaction a few hours ago involved the transfer of 2,904 ETH valued at $5.18 million from a crypto wallet (0x8c8Caa) to the known Wintermute address (0xde9A61).

    In the subsequent transaction, approximately 1,904 ETH worth about $3.38 million was moved from this Wintermute address to Wintermute Binance. The remaining Ethereum, totaling 999.9 ETH worth $1.78 million, was also transferred from the Wintermute address and deposited into Coinbase.

    Following this, three test transactions were conducted from Alameda Research Wallets, involving transfers of three LINK, 0.4 AAVE, and 0.02 MKR, respectively, to the Wintermute address.

    After the completion of the test transfers, approximately 1,341K MKR tokens worth $2.02 million were moved from the FTX Cold Storage address to the Wintermute address.

    Additionally, Alameda Research Wallet transferred approximately 198,000 LINK worth $2.26 million, and 11,974 AAVE worth $1.03 million moved from FTX Cold Storage to address 0xde9A61. During this period, there were also test trades involving RNDR and COMP tokens.

    The Wintermute address subsequently transferred 98,807 LINK, 11,974 AAVE, and 1,341 MKR to Wintermute Binance wallets. In total, 2,904 ETH ($5.18 million), 1,341 MKR ($2.02 million), 198,000 LINK ($2.26 million), and 12,000 AAVE ($1.03 million) were transferred between Wintermute, FTX, Alameda, Binance, and Coinbase.

    FTX Expands Investment Portfolio with Diverse Ventures

    Wintermute, renowned as a leading global crypto trading network, received a substantial amount of tokens as FTX allocated some of its remaining assets.

    Recently, FTX and Alameda transferred $170 million in cryptocurrencies, such as SOL, ETH, and MATIC, to different pools for staking, resulting in anticipated high profits.

    FTX, with its vast crypto holdings worth $3.4 billion, continues actively seeking investment opportunities. Meanwhile, ongoing legal disputes persist between regulatory bodies, FTX, its founder, and former management.

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    Wayne Jones

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  • Solana’s Strong Recovery in 2023: SOL vs ETH Ratio Hits Yearly Highs

    Solana’s Strong Recovery in 2023: SOL vs ETH Ratio Hits Yearly Highs

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    Solana had a strong association with FTX, and the latter’s collapse last year had significant repercussions for the SOL token. However, the seventh-largest crypto-asset has pursued a strong recovery this year.

    According to Nansen’s latest analysis, SOL has been trending positively since the summer. In fact, the SOL vs ETH ratio was found to have been breaking higher, nearing highs not seen all year.

    • During the second quarter of 2023, the SEC filed regulatory complaints against Coinbase and Binance, both of which had listed SOL as a security alongside other assets.
    • As a result of these complaints, SOL experienced a significant 34% decrease in its price.
    • However, the token rebounded stronger than the other assets identified as securities by the end of the second quarter and maintained that positive momentum into the third quarter.
    • Following a brief decline, possibly attributed to the imminent liquidation of Alameda/FTX’s SOL, the crypto asset closed the quarter with a market capitalization of $8.4 billion, reflecting a 17% increase quarter-over-quarter.
    • Particularly noteworthy is SOL’s outperformance compared to assets with similar market capitalization; it climbed from the 10th to the 7th position in market cap rank over the same quarter.
    • Additionally, Solana’s DeFi TVL increased 32% QoQ to $368 million, as a recent Messari report while the growth is fueled by DeFi and liquid staking protocols rolling out points programs, led by MarginFi, Jito, Cypher, and BlazeStake, among others.
    • Moreover, the total revenue, including all fees accumulated by the protocol, jumped by 19% in USD and reached a whopping $4 million. This marked a 10% growth in SOL terms, amounting to 185,400 SOL.
    • Solana transaction fees were found to be among the “steadiest and cheapest” of all networks.
    • In the third quarter, the average non-vote transaction fee was $0.0002.
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    Chayanika Deka

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