Exodus

The post Wintermute’s $241M FDUSD Exodus: Binance Withdrawals to First Digital Labs appeared first on Coinpedia Fintech News In the past couple of hours, Wintermute executed a significant transaction, withdrawing 75 million $FDUSD from Binance. The transfer is done to the First Digital Labs. Over the last five days, similar transactional moves reveal a larger pattern, where Wintermute has withdrawn a total of 241 million $FDUSD from Binance. All the transferred funds eventually end up at the First Digital Labs.…

On-chain data shows Litecoin has recently seen a sudden exit of small hands, which can favor LTC’s price. Small Litecoin Investors Have Been Displaying FUD Recently In a new post on X, the on-chain analytics firm Santiment discussed the latest shift in Litecoin’s userbase. A couple of relevant indicators are relevant here: Total Amount of Holders and Supply Distribution. The first of these, the Total Amount of Holders, measures, as its name suggests, the total number of addresses on the…

As Santiment analytics disclose an accelerating decline in wallets holding one or more Bitcoin, the cryptocurrency industry has gone abuzz. Crucial for gauging mood in the market, this indicator has been progressively dropping as traders become less optimistic that Bitcoin may rise beyond its historic high of $73,750, which it last touched on March 14. The general feeling in the market is that people don’t think Bitcoin will reach a new all-time high this year. Largely due to “fear, uncertainty,…

Dogwifhat, the once-high-flying Solana-based meme coin, suffered a brutal week, mirroring a broader crypto market correction and raising questions about the sustainability of the meme coin craze. Meme Coin Mania Meets Market Mayhem WIF, the token powering Dogwifhat, saw its price plummet 15% in just 24 hours. This dramatic drop erased all the gains from a recent rebound rally. The sell-off wasn’t isolated to Dogwifhat; the entire crypto market experienced a double-digit tumble, with major altcoins like Ethereum and Cardano…

Data from Spot on Chain posted on X (Twitter) suggests that TRON Founder, Justin Sun transferred $35 million worth of cryptocurrency towards Binance during the past week, distributed across a total of 12 different tokens. These primarily consisted of DeFi assets, suggesting Sun has the objective of providing liquidity to Curve Finance. As a result, interest in diversification was raised by traders, and three altcoins that have seen the highest interest include Polkadot (DOT), Chainlink (LINK) and Rollblock (RBLK). To…

The Shiba Inu’s reign as king of memecoins may be facing a ruff patch. Dogecoin (DOGE) prices dipped this week after news broke of the US Securities and Exchange Commission (SEC) issuing a Wells Notice to Robinhood, a popular crypto exchange. The notice, a precursor to potential enforcement action, alleges Robinhood violated multiple securities laws. This sent shockwaves through the crypto community, with many investors, particularly those holding large amounts of DOGE (often nicknamed “whales”), pulling their funds out of…

The Exodus Wallet features a simplistic design that makes it perfect for new users. The platform’s intuitive layout removes the technical barriers associated with storing Bitcoin. In this way, Exodus remains a powerful alley to novice cryptocurrency users who seek a flexible and reputable alternative in the market.  Benefits of Exodus Wallet The Exodus wallet simplifies the most common cryptocurrency actions via its unique approach. Developers created the wallet to provide an easy to use wallet option for daily use. Here…

Cryptocurrency exists as a natively digital entity that needs to be protected. We have crypto wallets and software programs to store your crypto assets' keys. Unfortunately, these software programs being dubbed "wallets," confuse new users. Crypto wallets don't store cryptocurrency the same way pocket wallets store currency. They only store your private and public keys that help with transactions. These keys are unique letters and numbers that allow you to send and receive cryptocurrency.  Whereas public keys are open to…

Blockchain technology has been around for more than a decade now. This Innovative technology has been the underlying force for many developments, including cryptocurrencies. Recently, experts in the tech field have been looking for ways to incorporate blockchain in different industries. As a result, there have been several groundbreaking inventions, and crypto phones are the latest additions.  Crypto phones only recently came into the crypto space. However, several handsets with significant-tech players are already joining the recent craze. So, what…