Whale Flips $2.6B from BTC to ETH, Nets $33M Profit

Whale Flips $2.6B from BTC to ETH, Nets $33M Profit

A colossal Bitcoin investor—an estimated $11 billion whale—has executed a strategic rotation from Bitcoin into Ethereum, underscoring heightened investor confidence in ETH’s near‑term upside. Over the past week, this whale liquidated 22,769 BTC, valued at approximately $2.59 billion, deploying those proceeds into 472,920 spot ETH (circa $2.2 billion) and establishing a $577 million perpetual long position on the decentralized trading venue Hy...

Coinatory

Comments

Post a Comment

Popular posts from this blog

Bitcoin news

Image
Bitcoin news section contains news about bitcoin - the main cryptocurrency. While the crypto world has a vast variety of cryptocurrencies, bitcoin has around half of it, at least, by capitalization on the cryptocurrency market. The same story with the cryptocurrency news - bitcoin news plays an important role here and there are lots of them daily, comparing to the other coins. While being the first of a kind, bitcoin is not becoming outdated as the core development team is constantly working on improvements of its code and network. But ... Read more about " Bitcoin news " on coinatory.com
Read more

Circle Expands Role in Hyperliquid via USDC Deployment and HYPE Stake

Image
Circle Expands Role in Hyperliquid via USDC Deployment and HYPE Stake Circle, the issuer behind USD Coin (USDC), has expanded its strategic footprint in the decentralized finance (DeFi) sector by deploying native USDC on Hyperliquid and acquiring a stake in the network’s native token, HYPE. The company is also evaluating the potential to join the network’s validator set—an increasingly competitive arena in blockchain governance. Following its public listing on June 5, Circle has taken decisive steps to broaden ... Coinatory cryptonews
Read more

Nvidia Commits $683M to Nscale to Power UK’s Sovereign AI Ambitions

Image
Nvidia Commits $683M to Nscale to Power UK’s Sovereign AI Ambitions In a move underscoring both strategic calculation and geopolitical foresight, Nvidia has pledged $683 million to Nscale, a United Kingdom‑based AI infrastructure company spun out of cryptocurrency miner Arkon Energy in May 2024. According to reports, Nvidia CEO Jensen Huang described the investment as a central component of efforts to scale the UK’s AI infrastructure. Under the partnership, Nscale is expected to deploy up to 60,000 Nvidia GPU... Coinatory cryptocurrencies news
Read more