The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit
Bitcoin is staging a modest rebound after several days of intense selling pressure and fear across the market. The leading cryptocurrency has struggled to establish stable support, with volatile swings making it difficult for traders to navigate. Despite the uncertainty, some market participants continue to move strategically — and one of the most well-known whales has just made a big return. Related Reading: Bitcoin Bulls Rely on STH Realized Price Support Cluster: Loss Could Trigger $100K Retest The trader known as BitcoinOG (1011short) — who gained fame for earning over $197 million....
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USD Coin (USDC) stands as the second-largest stablecoin after Tether (USDT). The recent times, USDC has proved to be a great coin through its massive growth achievement that, on some occasions, has exceeded USDT on several platforms. Furthermore, USDC is backed by the US dollar in its functionality, ensuring its security and stabilizing its value. […]
XRP continues to face pressure as bulls struggle to push the price back above key resistance levels. After weeks of declines, market sentiment remains fragile, with many traders questioning whether the altcoin can find solid footing. However, some analysts still see potential upside — provided XRP manages to reclaim higher levels and attract renewed buying interest. Related Reading: The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit Fresh data from CryptoQuant sheds light on an important dynamic unfolding behind the scenes. Since the beginning of October, a clear shift....
One Ethereum whale has caught the attention of the crypto community after a massive deposit to the Binance crypto exchange. While the deposit value itself is notable, the most interesting part of the whole ordeal is the whale’s history and how selling now could trigger a massive loss. Ethereum Whale $451 Million Withdrawal On-chain tracker […]
A prominent crypto trader has made a bold move back into Ethereum, stirring attention across digital markets. Reports have disclosed that the account known as “1011short” converted 10 million USDC into Hyperliquid before opening a long position with a five-fold leverage, controlling around $44.15 million in ETH. Related Reading: Bitcoin Faces More Downside After Recent Crash, Data Shows Whale Opens A Massive Ethereum Bet The trade uses 15,000 ETH at an entry price of $2,945, while current market levels sit near $2,896. That puts the position about $38,000 in the red for now. Based on....
Apart from USDC support, FV Bank also plans to launch a custody service in Q4 2022, targeting major coins like Bitcoin and Ethereum. The global digital bank FV Bank is the latest financial platform to enable deposits in Circle-backed stablecoin USD Coin (USDC).FV Bank on Wednesday announced the launch of a new service allowing its account holders to make direct deposits in USDC to the bank’s U.S. dollar accounts. The new feature enables customers to receive USDC on their accounts similar to traditional deposits like wire or the automated clearing house network.According to the....