FG Nexus’ ETH reserve strategy has logged over $85M in losses as they unwind; they bought ~50,770 ETH at ~$3,860 but sold ~36,025 ETH around $2,330, per LookOnChain. $ETH
This whale made $3 Million shorting BTC. Now he’s short ETH. On-chain whale trader ‘pension-usdt.eth’ just closed out his $100M BTC short for $3.2M profit, then re-opened a short on ETH. He’s now short $91.35M of ETH and is up $2.4M already.
BREAKING: Tether partners with Fasset to launch the world’s first gold-backed Visa debit card, offering up to 6% cashback in XAUT and real-time crypto-fiat conversions. This could boost adoption for tokenized gold as on/off-ramp utility rises. $XAUT $USDT
BREAKING: BlackRock deposited 6,005.46 BTC into Coinbase, worth about $403.15M. If ongoing, this could signal heavier institutional custody or flow through major exchange rails. $BTC
MRVL just broke into the No.2 spot on Hyperliquid’s US Stock Hot List with $307M in contract volume, near 1% of Nasdaq day trading and $130M open interest. Could signal rising retail/infra demand for Marvell ahead of earnings. $MRVL
JUST IN: LookOnChain shows a whale deposited 577,717 ETH into Binance between May 6–10, roughly $13.5B at ~$2,337 ETH. ETH then dropped ~20%, now around $1,840, implying a sharp swing in the post-flow price dynamic. $ETH