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newsbtc.com Brace For Crypto Market Waves: FTX And Celsius Are Sending MATIC, ETH, And WBTC To Binance

The crypto market might be about to experience a further downturn as a recent development suggests an imminent selloff is on the horizon. This comes following the recent market moves by Grayscale, which is believed to be responsible for the recent decline in Bitcoin’s price.  Celsius And FTX Crypto Funds On The Move On-chain data shows that defunct crypto lender Celsius Network recently transferred 34.08 million MATIC to the crypto exchange Binance. Meanwhile, a wallet address linked to Alameda Research, the sister company of defunct crypto exchange FTX, also recently sent 135 WBTC to Binance, 207 WBTC, and 1150 ETH to Wintermute. These transactions are more significant, considering that Celsius and FTX are in a bankruptcy liquidation process as they look to repay their customers. As such, transferring these funds to trading platforms like Binance suggests that these tokens could be dumped on the market soon enough.  Celsius, in particular, is known to have been making major moves in the market as of late. NewsBTC had recently reported how Celsisus had transferred $125 million worth of ETH last week to various crypto exchanges, something which could have possibly contributed to recent bloodbaths in the crypto market.  On the other hand, selloffs by Alameda could form part of FTX’s repayment plan, which it filed back in December 2023. This is a huge possibility, considering the defunct trading firm was used as a tool by Sam Bankman-Fried (SBF) to defraud FTX customers.  Total market cap chart from $1.58 trillion | Source: Crypto Total Market Cap on Tradingview.com Another Whale Contributing To Recent Market Downturn Grayscale is also believed to have contributed greatly to the recent downturn in the crypto market. The asset manager has had to offload some of its BTC holdings in a bid to fulfill redemptions from GBTC investors. These investors have been taking profits ever since GBTC was converted into a Spot Bitcoin ETF, with an outflow of over $2 billion from the fund since then.  Crypto analytics platform Arkham Intelligence recently revealed that Grayscale had sent out another 12,870 BTC from their wallets. That figure brought the total number of BTC that the asset manager has deposited into Coinbase to 47,900 BTC, which is said to be worth around $1.97 billion based on current prices. As noted by Arkham, these transactions likely represent redemptions of BTC shares. Interstingly, JP Morgan predicts that Grayscale’s GBTC could experience an outflow of up to $3 billion. If so, then the market could be in for more pain as the asset manager would have to offload more BTC to fulfill these redemptions.  Featured image from Toptal, chart from Tradingview.com

blockonomi.com Coinbase Reserves Hit $112B as BTC, ETH, and Stablecoin Inflows Surge

TLDR: Coinbase reserves surged to $112B, highest since November 2021, with BTC, ETH, and stablecoins leading inflows. Analysts link higher exchange reserves to improved market liquidity and stronger price momentum in past cycles. Stablecoin balances jumped, suggesting large buying power waiting to be deployed into crypto markets soon. Both retail and institutional players are sending [...] The post Coinbase Reserves Hit $112B as BTC, ETH, and Stablecoin Inflows Surge appeared first on Blockonomi.

themerkle.com Top 5 DeFi Tokens Less Than $1 Price Mark To Watch In September

Decentralized finance (DeFi) has continued to disrupt traditional financial systems, offering permissionless access to lending, borrowing, and trading without intermediaries. Tokens priced under $1 can offer a unique entry point for those looking to gain exposure to DeFi without committing large capital upfront. Note: This list is sorted in no particular order. All data and information are from CoinMarketCap. DAI (DAI) DAI is an Ethereum-based stablecoin (stable-price cryptocurrency) whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. The price of DAI is soft-pegged to the U.S. dollar and is collateralized by a mix The post Top 5 DeFi Tokens Less Than $1 Price Mark To Watch In September appeared first on The Merkle News.

blockonomi.com Pi Network Fast-Track KYC Lets New Users Unlock Mainnet Wallets Early

TLDR: Pi Network introduces AI-powered Fast Track KYC to speed wallet activation for new users and non-users Users can activate Mainnet wallets before 30 mining sessions but cannot migrate mined balances yet Fast Track KYC maintains strict verification standards and may be more conservative than standard KYC Pi Network reports over 14.82M users fully KYC-verified [...] The post Pi Network Fast-Track KYC Lets New Users Unlock Mainnet Wallets Early appeared first on Blockonomi.

blockonomi.com Sjmine Cloud Mining is the best way to explore the cryptocurrency ecosystem and earn passive income through cloud mining.

Sjmine cloud mining is expected to become mainstream by 2025. The platform offers low-cost, short-term contracts, daily payouts, and remote access, significantly lowering the barrier to entry for cryptocurrency mining. For many individual users, cloud mining has become an effective way to earn a stable and passive income amidst the volatile cryptocurrency market. How to [...] The post Sjmine Cloud Mining is the best way to explore the cryptocurrency ecosystem and earn passive income through cloud mining. appeared first on Blockonomi.

blockonomi.com $300M Solana Bet: Solmate Launches SOL Treasury With ARK Invest Backing in the UAE

TLDR: Solmate raises $300M to launch a Solana digital asset treasury with backing from UAE investors and ARK Invest. Marco Santori, ex-Kraken CLO, will lead Solmate, focusing on SOL accumulation and staking growth. Abu Dhabi will host Solmate’s planned high-performance Solana validator to maximize native yield opportunities. Solmate expects dual listings on Nasdaq and UAE [...] The post $300M Solana Bet: Solmate Launches SOL Treasury With ARK Invest Backing in the UAE appeared first on Blockonomi.

bitcoinist.com Bitcoin Price Eyes Demand Zones In Higher Timeframes – Here’s The Target

The recent Bitcoin price move seems to be going according to plan in an analysis shared by crypto analyst TehThomas.  The post, which was shared on the TradingView website, showed a possible path that the Bitcoin price could follow this period, showing both bounce-off and resistance points. Now, with Bitcoin already clearing $117,000, it seems […]

news.bitcoin.com Trump Takes Fed Governor Lisa Cook to the Supreme Court

The Biden-appointed governor successfully blocked the president’s order for her to step down, but Trump is now taking the matter to the highest court in the land. Trump Escalates Attack on Federal Reserve Governor Lisa Cook As many expected, the legal battle between U.S. President Donald Trump and Federal Reserve Governor Lisa Cook has now […]

blockonomi.com Why Brazil’s Nubank Wants Stablecoins on Credit Cards and What It Means for Crypto Use

TLDR: Nubank will test credit card payments with dollar-pegged stablecoins, linking crypto directly to banking services. Campos Neto says tokenized deposits could be used to back credit, transforming how banks lend in the future. Stablecoin use is accelerating in emerging markets due to local currency risk and demand for price stability. Regulatory delays could slow [...] The post Why Brazil’s Nubank Wants Stablecoins on Credit Cards and What It Means for Crypto Use appeared first on Blockonomi.

blockonomi.com Ethereum Latest News Today: Analysts Eye $10K ETH With Institutional ETF Demand Driving Long-Term Outlook

Ethereum is growing in market share, with analysts predicting a long-term surge to over $10,000. With the help of the continuous institutional inflow and the increased demand for ETFs, ETH is back in the spotlight of the crypto market. Analysts point out that with the present momentum, Ethereum price may provide substantial upside by the [...] The post Ethereum Latest News Today: Analysts Eye $10K ETH With Institutional ETF Demand Driving Long-Term Outlook appeared first on Blockonomi.

blockonomi.com UK Investors Can Now Stake Bitcoin on the LSE as Valour Launches New ETP

TLDR: Valour launched the first physically backed Bitcoin Staking ETP on the London Stock Exchange with a 1.4% annual yield. The product is fully backed 1:1 by Bitcoin stored in institutional-grade cold wallets with MPC technology for security. The ETP lists in GBP and EUR, with daily NAV and Bitcoin entitlement updates for transparent performance [...] The post UK Investors Can Now Stake Bitcoin on the LSE as Valour Launches New ETP appeared first on Blockonomi.

altcoinbuzz.io Saudi Awwal Bank Taps Chainlink for Onchain Finance

Saudi Awwal Bank (SAB), one of Saudi Arabia’s largest financial institutions with more than $100 billion in assets, is stepping into the future of finance with a new partnership.  The bank has signed an innovation agreement with Chainlink to explore how on-chain finance can reshape banking in the region. This move signals more than just […] The post Saudi Awwal Bank Taps Chainlink for Onchain Finance appeared first on Altcoin Buzz.

blockonomi.com LayerZero Opens the Floodgates: PayPal’s PYUSD0 Expands to Aptos, Tron, and Avalanche

TLDR: PayPal USD (PYUSD0) expands to Aptos, Tron, Avalanche, and six other chains through LayerZero’s Stargate Hydra network. Aptos reports over $70B in monthly stablecoin volume, positioning PYUSD0 to scale across its Move-based blockchain. Users can move PYUSD across more than 140 supported blockchains without banks or centralized intermediaries. Developers gain access to a fully [...] The post LayerZero Opens the Floodgates: PayPal’s PYUSD0 Expands to Aptos, Tron, and Avalanche appeared first on Blockonomi.

news.bitcoin.com Crypto Adoption Surges in Inflation-Hit Regions, MEXC Report Shows

MEXC’s latest survey shows a sharp rise in crypto adoption as an inflation hedge, climbing from 29% to 46% globally. East Asia and the Middle East led the shift, while Latin America and South Asia showcased unique adoption trends driven by community and trading activity. From Speculation to Protection: 46% of Users Now Use Crypto […]