Data: 50 BTC transferred out from Cumberland DRW, and after routing, flowed into Bullish.com

BTC-3,5%

ChainCatcher reports that, according to Arkham data, at 06:10, 50 BTC (worth approximately $4.52 million) was transferred from Cumberland DRW to Bullish.com. Subsequently, Cumberland DRW transferred the remaining 19.99988732 BTC to another address (starting with bc1q8s3h3…).

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin pinned under $72K as four network metrics show 'weaker demand'

Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential. Key takeaways: Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market

Cointelegraph18m ago

Morgan Stanley’s Bitcoin ETF Nears Launch on NYSE

Morgan Stanley’s proposed spot bitcoin exchange-traded fund (ETF), ticker MSBT, has received an NYSE Arca listing notice, a step that often comes just before launch. If it goes live, the fund could intensify fee pressure on Blackrock and Fidelity while opening a powerful new distribution channel for

Coinpedia41m ago

GameStop converts $368 million worth of Bitcoin into an options income strategy

GameStop disclosed that approximately 4,710 bitcoins were transferred to a certain CEX not for sale, but as collateral to participate in a covered call options strategy to earn premium income. This strategy means it no longer directly holds Bitcoin but records it as "accounts receivable" and bears counterparty risk. The financial report shows that the related accounts receivable are valued at about $368.3 million, with an unrealized loss of $59.7 million.

GateNews1h ago
Comment
0/400
No comments