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Golden Morning News丨Over 80,000 BTC flowed out of exchange wallets in the past 30 days. A whale transferred 3,370 ETH to Kraken
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2024-12-29 10:02 2,297
Headlines

▌Over 80,000 BTC have flowed out of exchange wallets in the past 30 days

According to the latest data, in the past 30 days, more than 80,000 BTC have flowed out of exchange wallets. 9335.34 BTCs flowed out of exchange wallets in 24 hours, 3335.07 BTCs flowed into exchange wallets in the past 7 days, and 80989.21 BTCs flowed out of exchange wallets in the past 30 days. As of press time, the total exchange wallet balance is 2,243,869.39 BTC.

▌An ETH whale transferred 3,370 ETH to Kraken 9 hours ago

According to the chain Analyst Ember monitors that a whale that received 200,000 ETH from the Ethereum genesis block in 2015 transferred 3,370 ETH ($11.37 million) to Kraken 9 hours ago. He transferred 48,687 ETH (US$171.78 million) into Kraken this year, with an average transfer price of US$3,528. However, after eight years of continuous sales, his ETH has almost been sold out. There are currently 7,594 ETH (25.72 million U.S. dollars) left, which will be cleared in 1-2 more sales.


Quotes

As of press time, according to Coingecko data:

BTC’s recent transactions The price is US$94,836.25, with an intraday increase or decrease of +0.5%;

ETH’s recent transaction price was US$3,377.90, with an intraday increase or decrease of +1.4%;

BNB’s recent transaction price was US$715.35, with an intraday increase or decrease of +2.9% ;

SOL’s recent transaction price was US$192.49, with an intraday increase or decrease of +4.0%;

DOGE's recent transaction price was 0.3218 yuan, with an intraday increase or decrease of +2.5%;

XPR's recent transaction price was 2.17 US dollars, The intraday increase or decrease was +1.3%.


▌Galaxy Digital Research Director: If the IRS finally determines that the DeFi front-end is a broker, the industry will face difficult decisionsChoice

Galaxy Digital research director Alex Thorn said that if the Internal Revenue Service (IRS)’s regulations recognizing DeFi front-ends as brokers are not withdrawn, the DeFi industry will face Three options: comply with IRS reporting requirements and accept broker designation, attempt to block users from the United States, and forego smart contract upgrades and revenue generation. It was reported yesterday that the U.S. Internal Revenue Service (IRS) issued final regulations requiring brokers to report digital asset transactions and bring DeFi platforms into the existing tax framework. The rule, which takes effect in 2027, will force brokers to disclose transaction details, including gross proceeds and taxpayer information. Brokers must start collecting and reporting data in 2026. The IRS estimates that 650 to 875 DeFi brokers will be affected, potentially affecting as many as 2.6 million taxpayers. These regulations mainly target trading front-end service providers, such as DEXs that facilitate digital asset trading. According to the IRS, these platforms act as intermediaries, and classifying them as brokers will help ensure tax compliance.

▌CryptoQuant founder: Trump’s Bitcoin depends on the economic status of the United States

CryptoQuant CEO and founder Ki Young Ju said that President-elect Donald Trump’s Bitcoin may depend on the global investment community’s view of the U.S. economy and the strength of the U.S. dollar. Ju believes that when investors believe that U.S. economic hegemony is threatened, the prices of store-of-value assets such as gold and BTC surge. However, investors continue to express confidence in the U.S. economy and view the dollar as a safe haven currency. This advantageous position makes it unlikely that Trump will adopt Bitcoin strategic reserves to protect the dominance of the US dollar, and may cause the president-elect to backtrack on his support for Bitcoin.

▌Magic Eden General Counsel: David Sacks only has 2 years to promote support for cryptocurrencies

Magic Eden general counsel Joe Doll recently stated that David Sacks only has 2 years to promote support for cryptocurrency before the 2026 U.S. midterm elections. The threat of gridlock could stifle regulation, and incumbents must push for pro-cryptocurrency support while still controlling both chambers of Congress. "The majority in the House is very slim, and it's very likely to flip because the House almost always flips. So you could have a split that sets things down in 2 years. So we have 24 monthstime to push forward some important things. ”


Blockchain application

▌Sophon completes mining migration and opens mainnet mining

Sophon, a modular blockchain based on ZKsync, announced that it has completed the mining migration and started the second phase. Mainnet mining is now open. According to previous news, Sophon announced the mining migration timeline: the L1 mining withdrawal window will be closed at 7:59 on December 27; all remaining assets will automatically cross-chain to the Sophon main network on December 27, and the first phase of SP point accumulation will end; 12 Mainnet mining will be opened on March 28th

▌Ethena’s Berachain incentive pre-deposit vault is now online

Ethena Labs announced that Ethena’s Berachain incentivized pre-deposit vaults are now live, accepting USDe, sUSDe, and USDC/USDT deposits. Concrete has launched 2 Ethena pre-deposit vaults for the Berachain launch deposit program, and they are the first A place where users can retain USD exposure but receive rewards from Berachain and participate in its ecosystem. After the Berachain mainnet goes live, pre-deposited vaults will deploy liquidity across whitelisted protocols in the Berachain ecosystem. Deposits of USDe and sUSDe will be eligible for Ethena rewards, Concrete Points, BERA and native ecosystem rewards


Cryptocurrency

▌A dormant address containing 357 BTC was activated after 11.0 years, equivalent to approximately US$34 million

According to on-chain data tracking service Whale Alert, a dormant address containing 357 BTC ($34,070,177) has just been activated after 11.0 years.

▌Polymarket predicts that the probability of spot Solana ETF being approved before July 31 next year will rise to 71%

Polymarket predicts that the probability that the U.S. SEC will approve the spot SolanaETF application before July 31, 2025 has risen to 71%. Yesterday’s news, Nate Geraci, president of The ETF Store, disclosed VolatilitySHares has submitted an application to the U.S. regulatory agency to launch a leveraged ETF based on Solana futures. Eric Balchunas, a senior ETF analyst at Bloomberg, wrote on the X platform that if the Solana futures ETF is approved for launch, it may promote the listing of the spot Solana ETF.

▌The U.S. Spot Bitcoin ETF bought 511,314 Bitcoins this year and currently holds 1.13 million Bitcoins

According to HODL15Capital monitoring, the US spot Bitcoin ETF purchased 511,314 Bitcoins this year and currently holds 1.13 million Bitcoins, accounting for 5.4% of all Bitcoins.

El Salvador currently owns 6,000 Bitcoins

According to an article published by Bitcoin Magazine on the X platform , El Salvador currently holds 6,000 Bitcoins worth over $569 million.


Important economic trends

▌Analysis: The positive correlation between the Korean stock index and BTC prices is broken, and funds are shifting from the stock market to the crypto market

Asian stock markets have been mixed this year against the backdrop of a strong U.S. dollar. Some have achieved a bull market in stocks denominated in local currencies at the expense of exchange rate depreciation, while others have sacrificed stock market growth at the expense of relatively stable exchange rates. South Korea is the only exception to the partial increase. In terms of the Korean won, the KSOPI has fallen 10.0% this year. After taking into account the fall of the Korean won, the KSOPI in U.S. dollars has fallen 18.9%, both of which are the weakest in Asia. From the perspective of capital flows, since the second half of this year, only institutions in South Korea have maintained net purchases in the stock market, while the residential sector has continued to reduce purchases. Analysts believe that the money Korean residents took out of the stock market was largely used for "currency speculation." According to data from the Bank of Korea (BOK), as of November, the number of cryptocurrency investors in South Korea has reached 15.59 million, an increase of 610,000 from the previous month. Currently, 30% of the 51 million Koreans are speculating in currencies. The average daily trading volume of South Korea’s five major cryptocurrency exchanges—UPbit, Bithumb, Coinone, Korbit, and GOPAX—jumped from 3.4 trillion won in October to 14.9 trillion won in November, an increase of more than four times. Koreans have always been keen on investing in cryptocurrencies. In the first bull market of cryptocurrency in 2017, about 5% of the population participated; in the second bull market in 2021, 10% of the population participatedAmong them; today this proportion has expanded to 30%. However, historically, the Korean stock index and the Bitcoin price have been positively correlated as a whole. Until October this year, this positive correlation was completely broken. (Wall Street News)


Golden Encyclopedia

▌What is Ripple Labs’ RLUSD stablecoin?

RLUSD is a stablecoin developed by Ripple Labs, the organization behind the XRP cryptocurrency. RLUSD, or Ripple Labs USD, aims to provide a stable digital currency for trading and trading. As a stablecoin pegged to the U.S. dollar, 1 RLUSD is equal to 1 U.S. dollar. Each RLUSD maintains a 1:1 peg. These collateral assets are either U.S. dollar deposits or cash equivalents.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.

Keywords: Bitcoin
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