Coindesk

When a large whale moves in the sea, it creates ripples across the water. Similarly, when a large bitcoin (BTC) holder, often referred to as a crypto whale, moves its coins on-chain, that creates buzz on social media, prompting observers to wonder if it's a prelude to a sale and downside price volatility.Early Friday, two wallets, labelled "12tLs...xj2me" and "1KbrS...AWJYm," moved 20,000 BTC, worth over $2 billion, to new addresses, according to data tracked by blockchain sleuth Lookonchain. The addresses received these coins on April 3, 2011, when bitcoin was priced at around 78 cents.Today, BTC is over $109,000, implying a staggering 140,000-fold return for the two whale addresses, which means that they have a strong incentive to liquidate their...

A recently launched crypto ETF in the U.S., which offers diversified exposure to digital assets along with options income, is gaining traction in a sign that investors are looking beyond traditional, single-spot-focused products.The Nicholas Crypto Income ETF (BLOX), an actively managed ETF designed for diversified exposure to the digital assets ecosystem while generating additional income via options strategies, went live on the NYSE on June 17. The ETF is the latest addition to the XFUNDS by Nicholas Wealth suite.Since then, the ETF has registered a net inflow of around $4.52 million, according to data source VettaFi. BLOX's website puts the total net assets at $4.9 million."The options income space is almost becoming its own asset class," David Nicholas, CEO of...

Amber International Holding (AMBR), a crypto trading firm Amber Group subsidiary, said it raised $25.5 million in a private placement to expand its $100 million Crypto Ecosystem Reserve, a fund designed to support strategic growth across blockchain networks.The raise, announced Thursday, was priced at $10.45 per share, which is a 5% discount to the company’s three-day volume-weighted average trading price and drew participation from Pantera Capital, CMAG Funds, Kingkey Financial International, and others. The company issued over 12 million Class A shares, equal to about 2.44 million ADSs, on Nasdaq. Amber International launched the reserve earlier this year to make long-term bets on blockchain infrastructure. Since then, the firm has allocated funds toward Bitcoin (BTC), Ethereum (ETH), and Solana (SOL),...

Tokenization platform Ondo Finance ONDO and digital asset investment firm Pantera Capital have teamed up to invest $250 million in real-world asset (RWA) projects as the red-hot tokenization trend is accelerating.The initiative, named Ondo Catalyst, aims to invest in protocols and infrastructure projects that enhance the development of tokenized finance and on-chain capital markets, according to a Thursday blog post by Ondo.The initiative will do a mix of equity and token investments, a representative of Ondo told CoinDesk in a Telegram message."The financial system is undergoing a fundamental upgrade," Nathan Allman, founder and CEO of Ondo Finance, said in the blog post. "By supporting the infrastructure and applications that unlock real-world utility for tokenized assets, we're helping reshape how capital...

Sui (SUI) is trading at $3, up about 4% in the past 24 hours, as the token continues to rally following an announcement by Lion Group Holding Ltd. (LGHL) that it intends to acquire SUI tokens as part of a broader $600 million crypto treasury strategy.The strategy was announced on June 26, triggering a rally in the price of the token, which is currently up nearly 15% over the past 7 days.SUI experienced a significant bullish breakout over the past 24 hour period, according to CoinDesk Research's technical analysis model. The token established a strong support level at $2.87 during early hours on Thursday, before surging dramatically with high volume.Sui’s network has emerged as Solana’s (SOL) primary challenger in the...