A Bitcoin address associated with a whale has made some long-awaited moves, transferring 300 BTC valued at about $25.1 million to the FalconX platform after sitting still for 1.5 years. This transaction is quite a change from the whale sitting still for 1.5 years (and doing nothing) and also for sitting still (and doing nothing) for half of the year 2023. What might this whale be doing now, and what might this space, which has now moved a large amount of Bitcoin, be doing next? Whale Bitcoin Movement: A Profitable Strategy After 1.5 Years The whale in question, whose Bitcoin
The post Whale with $85.7M Bitcoin Profit Moves $25.1M BTC to FalconX After 1.5 Years of Dormancy appeared first on The Merkle News.
]]>
FalconX’s CEO Raghu Yarlagadda said institutional confidence will strengthen with a more healthy, transparent crypto derivatives market in place.
]]>
An analyst warns that “volatility” could emerge if the US election results are close, but traders will be relieved once it’s over, giving the market “firmer ground.”
]]>
Blackrock, the world’s largest asset manager, is reportedly seeking to disrupt the $3 trillion crypto derivatives market by pushing to have its BUIDL token accepted as collateral. Discussions are ongoing with major exchanges like Binance and Deribit. The token’s interest-paying structure could appeal to institutional investors seeking alternative collateral options in the growing derivatives sector. […]
]]>
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume […]
Powered by WPeMatico
]]>
American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s desire to cash in on the growing institutional interest in cryptocurrencies. Amex Venture’s Long Term Interest […]
The post American Express’ Venture Arm Invests in a Cryptocurrency Trading Platform appeared first on Bitcoin News.
Powered by WPeMatico
]]>
Amid the COVID-19 slowdown, institution-facing liquidity aggregator FalconX has raised $17 million from top VCs in the crypto space.
Powered by WPeMatico
]]>