Tag: 1.2B

Dormant Bitcoin Wallet Moves $1.2B in BTC: Is A Major Sell-Off Coming?

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Bitcoin’s recent price momentum has encountered a pause following the latest US Consumer Price Index (CPI) release, which showed inflation rising to 2.7% in June. The inflation increase appears to have affected investor sentiment. After reaching a new high above $123,000 on Monday, Bitcoin has since declined by roughly 5.4% from that peak, with its price currently trading just above $116,000. The broader crypto market also reacted to the news, with the global crypto market cap valuation dropping by nearly 7% in the past day amid renewed uncertainty about future…

Norwegian mining firm Green Minerals plans to raise $1.2b to establish Bitcoin Treasury

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Norwegian firm Green Minerals announced its ambitious target of raising $1.2 billion with the help of its corporate partners. The goal behind the capital raise is to establish a Bitcoin treasury. According to a recently published press release, the Norwegian mining firm has decided to adopt a Bitcoin (BTC) treasury strategy in addition to its overall blockchain strategy. The company aims to raise enough funds to establish its own Bitcoin strategy with the help of its corporate partners. According to the release, the company has set its target at $1.2…

Crypto ETPs Post $1.2B Inflows While Spot Prices Drop

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Cryptocurrency investment products continued to attract strong investor interest last week despite major crypto assets like Bitcoin and Ether posting notable price drops. Global crypto exchange-traded products (ETPs) recorded $1.24 billion of inflows for the trading week ending Friday, CoinShares reported on Monday. With the latest inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting a new historic high at $15.1 billion, said CoinShares’ head of research, James Butterfill. Total assets under management (AUM) in crypto ETPs also edged up to $176.3 billion from last week’s $175.9 billion. Bitcoin…

James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline

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Prominent cryptocurrency trader James Wynn has liquidated his long positions with Ethereum and Sui at a loss of approximately $5.3 million as market conditions reversed. The high-profile investor subsequently increased his Bitcoin (BTC) exposure, which currently stands at 11,070 BTC, worth roughly $1.19 billion. According to blockchain analytics platform Lookonchain, Wynn’s aggressive position sizing has resulted in unrealized losses exceeding $20 million, including funding costs. The massive Bitcoin position faces liquidation risk at $104,820. As the market dropped, top trader @JamesWynnReal closed his long positions on $ETH and $SUI, losing…

$1.2B In Ethereum Withdrawn From CEXs – Strong Accumulation Signal

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is gaining momentum again after tagging the $2,739 level and setting a new local high, reaching prices not seen since late February. The rally marks a strong comeback…

$1.2B TVL Milestone: Fluid Superapp Makes Waves in Decentralized Finance

Fluid, a decentralized finance (defi) superapp, has attracted $1.2 billion in total value locked (TVL) through its innovative money market and decentralized exchange (dex). The platform delivers groundbreaking features such as smart debt and collateral management. As part of its evolution, Fluid is transitioning its governance token from INST to FLUID, a move aimed at […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Binance logged $1.2b inflows as crypto markets bounces back

Binance, crypto’s largest centralized exchange, saw $1.2 billion in net inflows as digital asset investors capitalized on a massive market drop caused by an unwinding yen carry trade. Bitcoin’s (BTC) rebound and a bounce in the broader cryptocurrency market spiked trading activity on CEX platforms like Binance in the last 24 hours. Binance CEO Richard Teng, citing DefiLlama data, said the crypto exchange recorded its highest single-day trading volume since the beginning of the year. Amid the macroeconomic climate and yesterday’s market downturn, #Binance recorded a net inflow of US$1.2…