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JUST IN : Coinbase's #cbBTC Reaches $100 Million Milestone.
cbBTC, also known as wrapped #bitcoin, has surpassed 100 million in total value. With 730 cBTC equivalent to $44 million on Base and 940 cBTC equivalent to $56 million on ETH.
#cbBTC #BTCâ #bitcoinâď¸
cbBTC, also known as wrapped #bitcoin, has surpassed 100 million in total value. With 730 cBTC equivalent to $44 million on Base and 940 cBTC equivalent to $56 million on ETH.
#cbBTC #BTCâ #bitcoinâď¸
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Coinbase sued by Bit Global for $1 billion, WBTC delisting controversy escalates!
New explosive news in the crypto world! Less than a month after Coinbase announced the delisting of WBTC, Bit Global directly unleashed the 'billion-dollar lawsuit hammer', claiming that Coinbase's actions were aimed at supporting its own product cbBTC, suppressing market competitors. This move is considered a milestone anti-monopoly battle in the industry!
The lawsuit points out that Coinbase's decision ignores market fairness, which could severely impact the WBTC ecosystem and even affect major players in the DeFi space like MakerDAO and Aave. Since its inception in 2019, WBTC has consistently held the market leader position with a market cap of $13.4 billion, a status not easily shaken by any project!
Moreover, Bit Global's new custodial role has just been finalized, backed by Sun Yuchen and Tron, adding more drama to this capital clash. Coinbase defends itself on the grounds of 'routine review', but the legal team behind Bit Global warns that this could set a dangerous legal precedent for the crypto industry, potentially reshaping the competitive landscape.
Don't be blinded by short-term fluctuations; Brother Tang teaches you to focus on your goals, advance step by step, and witness the explosion of wealth with a smile! Follow Brother Tang, guiding you from confusion to freedom!
#TRON #WBTC #cbBTC #coinbase #solćżĺ $BTC $WBTC $ETH
New explosive news in the crypto world! Less than a month after Coinbase announced the delisting of WBTC, Bit Global directly unleashed the 'billion-dollar lawsuit hammer', claiming that Coinbase's actions were aimed at supporting its own product cbBTC, suppressing market competitors. This move is considered a milestone anti-monopoly battle in the industry!
The lawsuit points out that Coinbase's decision ignores market fairness, which could severely impact the WBTC ecosystem and even affect major players in the DeFi space like MakerDAO and Aave. Since its inception in 2019, WBTC has consistently held the market leader position with a market cap of $13.4 billion, a status not easily shaken by any project!
Moreover, Bit Global's new custodial role has just been finalized, backed by Sun Yuchen and Tron, adding more drama to this capital clash. Coinbase defends itself on the grounds of 'routine review', but the legal team behind Bit Global warns that this could set a dangerous legal precedent for the crypto industry, potentially reshaping the competitive landscape.
Don't be blinded by short-term fluctuations; Brother Tang teaches you to focus on your goals, advance step by step, and witness the explosion of wealth with a smile! Follow Brother Tang, guiding you from confusion to freedom!
#TRON #WBTC #cbBTC #coinbase #solćżĺ $BTC $WBTC $ETH
Bitcoin Whale Who Opened $420M Short Position Sets Take Profit at $58K: Do They Know Something?
The notorious whale who has made staggering returns by trading Bitcoin on Hyperliquid has survived a bull consortium to liquidate his $420 million position.
A whale wallet has recently been trending for its risky but highly rewarding trades. The user has made over $16 million in one month by trading Bitcoin, Ethereum, and Hype with insane leverages on Hyperliquid.
Meanwhile, on Saturday, the whale opened a new Bitcoin short position worth a staggering $332 million. Notably, this trade came despite the pioneering cryptocurrencyâs recent bounce towards its 200-moving average above $84,000.
With Hyperliquid reducing its leverage limit from 50x to 40x due to a recent occurrence, the user used the highest leverage, opening the Bitcoin short position at an entry price of $84,040 and an initial liquidation price of $85,300. He placed his take profits at $69,414 and $58,664, raising questions within the crypto community.
Bull Consortium Hunts Whaleâs Liquidation
Meanwhile, the current short position aggrieved a faction of whales, who formed an alliance to hunt the userâs liquidation price. Led by self-acclaimed âliquidity providor,â CBB, the band swung into action, driving Bitcoinâs price to $84,690 in a few hours through eight-figure purchases.
Max Brown, a prominent influencer, revealed purchasing $500,000 worth of Bitcoin (6.07 BTC) in a team effort to push prices to the whaleâs liquidation.
Seeing the ploy, the whale took to adding margin to his open Bitcoin short position to avoid liquidation. Data shows that the user deposited 5 million USDC from Arbitrum to increase his liquidation price.
Nonetheless, the alliance failed to hunt down the 40x short position, as the asset has since dropped to $83,602, leaving the whale in profit. Interestingly, he has closed parts of the trade in profit through the TWAP strategy and currently holds $420 million with a PnL of $2.3 million.
The motivation behind its take-profit targets remains unclear, as BTC would need to drop by a massive 17% to hit the first target of $69,414 and by a substantial 30% to reach $58,664. Last month, market participants on prediction market Kalshi projected that BTC could drop to $58K this year.
Whale On MELANIA Long
While the whale is bearish on Bitcoin, it is surprisingly bullish on MELANIA, a meme coin tied to Melania Trump, the first lady of the United States. The address has a running 5x long position on the meme coin worth $387,536 at the time of writing
Data indicates he opened the position at an entry price of $0.6913 with an undetermined liquidation price. Meanwhile, the whale is nursing a mild gain from the position, with MELANIA trading at $0.6944 at the time of writing.
#MelaniaTrumpMarket #WhaleMovements #cbBTC #BitcoinBulls #ShortTermTrading
$BTC
$USDC
A whale wallet has recently been trending for its risky but highly rewarding trades. The user has made over $16 million in one month by trading Bitcoin, Ethereum, and Hype with insane leverages on Hyperliquid.
Meanwhile, on Saturday, the whale opened a new Bitcoin short position worth a staggering $332 million. Notably, this trade came despite the pioneering cryptocurrencyâs recent bounce towards its 200-moving average above $84,000.
With Hyperliquid reducing its leverage limit from 50x to 40x due to a recent occurrence, the user used the highest leverage, opening the Bitcoin short position at an entry price of $84,040 and an initial liquidation price of $85,300. He placed his take profits at $69,414 and $58,664, raising questions within the crypto community.
Bull Consortium Hunts Whaleâs Liquidation
Meanwhile, the current short position aggrieved a faction of whales, who formed an alliance to hunt the userâs liquidation price. Led by self-acclaimed âliquidity providor,â CBB, the band swung into action, driving Bitcoinâs price to $84,690 in a few hours through eight-figure purchases.
Max Brown, a prominent influencer, revealed purchasing $500,000 worth of Bitcoin (6.07 BTC) in a team effort to push prices to the whaleâs liquidation.
Seeing the ploy, the whale took to adding margin to his open Bitcoin short position to avoid liquidation. Data shows that the user deposited 5 million USDC from Arbitrum to increase his liquidation price.
Nonetheless, the alliance failed to hunt down the 40x short position, as the asset has since dropped to $83,602, leaving the whale in profit. Interestingly, he has closed parts of the trade in profit through the TWAP strategy and currently holds $420 million with a PnL of $2.3 million.
The motivation behind its take-profit targets remains unclear, as BTC would need to drop by a massive 17% to hit the first target of $69,414 and by a substantial 30% to reach $58,664. Last month, market participants on prediction market Kalshi projected that BTC could drop to $58K this year.
Whale On MELANIA Long
While the whale is bearish on Bitcoin, it is surprisingly bullish on MELANIA, a meme coin tied to Melania Trump, the first lady of the United States. The address has a running 5x long position on the meme coin worth $387,536 at the time of writing
Data indicates he opened the position at an entry price of $0.6913 with an undetermined liquidation price. Meanwhile, the whale is nursing a mild gain from the position, with MELANIA trading at $0.6944 at the time of writing.
#MelaniaTrumpMarket #WhaleMovements #cbBTC #BitcoinBulls #ShortTermTrading
$BTC
$USDC
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Donald Trump buys #ENA !
3 hours ago this fund spent 500 013 #USDC to purchase the first 509 955 #ENA at an average price of $0.981.
Overall, since November 31, World Liberty Financial has spent $44.41 million on purchasing 5 crypto assets, including:
⢠8,105 $ETH ETH (value: $30M, average purchase price: $3,701), now +$1.29M
⢠102,9 #cbBTC (value: $10 million, average purchase price: $97,181), now +$410 thousand.
⢠78 387 #LINK (value: $2 million, average purchase price: $25.51), now +$290 thousand.
⢠5886 $AAVE (value: $1.91 million, average purchase price: $324.4), now +$252 thousand.
⢠509 955 $ENA (value: $500 thousand, average purchase price: $0.981), now +$81.3 thousand.
3 hours ago this fund spent 500 013 #USDC to purchase the first 509 955 #ENA at an average price of $0.981.
Overall, since November 31, World Liberty Financial has spent $44.41 million on purchasing 5 crypto assets, including:
⢠8,105 $ETH ETH (value: $30M, average purchase price: $3,701), now +$1.29M
⢠102,9 #cbBTC (value: $10 million, average purchase price: $97,181), now +$410 thousand.
⢠78 387 #LINK (value: $2 million, average purchase price: $25.51), now +$290 thousand.
⢠5886 $AAVE (value: $1.91 million, average purchase price: $324.4), now +$252 thousand.
⢠509 955 $ENA (value: $500 thousand, average purchase price: $0.981), now +$81.3 thousand.
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#onchain #rating
Santiment: TOP-10 DeFi projects by developer activity over the last 30 days:
1. Chainlink (on Ethereum) #LINK
2. DeFiChain #DFI
3. DeepBook Protocol #DEEP
4. Synthetix (on Ethereum) #SNX
5. Coinbase Wrapped Bitcoin #CBBTC
6. Lido DAO #LDO
7. Liquity #LQTY
8. Liquity USD #LUSD
9. Injective #INJ
10. Uniswap (on Ethereum) #UNI
@MDAWWADM
Santiment: TOP-10 DeFi projects by developer activity over the last 30 days:
1. Chainlink (on Ethereum) #LINK
2. DeFiChain #DFI
3. DeepBook Protocol #DEEP
4. Synthetix (on Ethereum) #SNX
5. Coinbase Wrapped Bitcoin #CBBTC
6. Lido DAO #LDO
7. Liquity #LQTY
8. Liquity USD #LUSD
9. Injective #INJ
10. Uniswap (on Ethereum) #UNI
@MDAWWADM
đŁHappening Now
Coinbase Faces $1 Billion Lawsuit After Removing wBTC,While Launching Its Own Competitor,cbBTC
đśThe lawsuit alleges that Coinbase is using monopoly tactics to promote cbBTC.Despite wBTC being on the platform for years,Coinbase removed it,citing concerns about its quality,while continuing to list other meme coinsđł
#BitcoinKeyZone #cbBTC #WBTC
Coinbase Faces $1 Billion Lawsuit After Removing wBTC,While Launching Its Own Competitor,cbBTC
đśThe lawsuit alleges that Coinbase is using monopoly tactics to promote cbBTC.Despite wBTC being on the platform for years,Coinbase removed it,citing concerns about its quality,while continuing to list other meme coinsđł
#BitcoinKeyZone #cbBTC #WBTC
Overall, since November 30, Donald Trumpâs #WorldlibertyFinancial has spent $44.75M to buy 6 crypto assets:
⢠8,105 $ETH (cost: $30M, avg buy price: $3,701)
⢠102.9 #cbBTC (cost: $10M, avg buy price: $97,181)
⢠78,387 $LINK (cost: $2M, avg buy price: $25.51)
⢠6,137 $AAVE (cost: $2M, avg buy price: $325.9)
⢠509,955 #ENA (cost: $500K, avg buy price: $0.981)
⢠134,216 #ONDO (cost: $250K, avg buy price: $1.863)
source : spot on chain
⢠8,105 $ETH (cost: $30M, avg buy price: $3,701)
⢠102.9 #cbBTC (cost: $10M, avg buy price: $97,181)
⢠78,387 $LINK (cost: $2M, avg buy price: $25.51)
⢠6,137 $AAVE (cost: $2M, avg buy price: $325.9)
⢠509,955 #ENA (cost: $500K, avg buy price: $0.981)
⢠134,216 #ONDO (cost: $250K, avg buy price: $1.863)
source : spot on chain
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