An address starting with 0x3478, believed to belong to Chinese investment firm Longling Capital, has withdrawn 8,500 ETH ($17.51 million) from Binance, according to Lookonchain. The on-chain analytics...

An address starting with 0x3478, believed to belong to Chinese investment firm Longling Capital, has withdrawn 8,500 ETH ($17.51 million) from Binance, according to Lookonchain. The on-chain analytics firm added that Longling Capital is known for accumulating assets at low prices and selling them at higher prices.

Longling Capital withdraws $17.5M in ETH from Binance

Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

BitMEX co-founder Arthur Hayes wrote that the recent Bitcoin crash may stem from traders' concerns about IBIT (BlackRock) […]
The article, "Arthur Hayes Speculates on BTC Crash Cause: 'Institutional Hedging Operations': IBIT Options Explode $900 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes speculates that the reason for the BTC crash is "institutional hedging operations": IBIT options saw a surge of $900 million.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...