dYdX Funding Program Multisig Address Sells 294,000 DYDX, Approximately $1 Million, via Wintermute

02/29 12:59

Wechat scan to share

dYdX's funding program multi-signature address was sold by Wintermute through OTC yesterday, exchanging 294,081 DYDX for 1,003,127 USDC at a selling price of $3.41. The dYdX funding program multi-signature address has accumulated 3.357 million DYDX from the DYDX community treasury since January 10, 2022, of which 2.729 million DYDX has been sold by Wintermute for stablecoins and used for funding grants.

dYdX

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

Krisztian Sandor · 03/28 03:35

Sei Foundation Explores Buying 23andMe to Put Genetic Data on Blockchain

If the acquisition proceeds, the foundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data.
Shaurya Malwa · 03/28 03:32

Studio Ghibli Craze Inspires Memecoins on Ethereum, Solana After OpenAI’s 4o Release

The internet is full of people converting images to AI-generated pictures in the characteristic style of some animated movies by Japan’s Studio Ghibli. Memecoin traders are looking to cash in on the trend.
cointelegraph · 03/28 00:11

SEC has officially closed its investigation into Crypto.com, CEO says

The US securities regulator closed its probe into Crypto.com seven months after serving the crypto platform with a Wells notice in August.
Cheyenne Ligon · 03/27 13:07

Trump SEC Pick Paul Atkins’ Crypto Ties Draw Sen. Warren’s Ire Ahead of Confirmation Hearing

In a recent financial disclosure, Atkins admitted to owning up to $6 million in crypto-related assets.
Danny Nelson · 03/27 06:47

GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%

The gaming retailer will spend some of its $4.8 billion cash holdings to buy bitcoin and stablecoins, sparking discussions around how much it will actually buy.
VINCERO · 03/27 05:40

President Trump to Sign Repeal of Controversial DeFi Broker Rule

Critics called the rule "unworkable," noting DeFi platforms run on automated code without human oversight or user identification.
Cheyenne Ligon · 03/27 04:28

Sen. Gillibrand Warns Against a ‘Watered-Down’ Stablecoin Bill

Gillibrand suggested that the long-awaited stablecoin bill could become law before the August recess.
03/08 04:29

FIFA President announces 'FIFA Coin' initiative

Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project.
03/04 04:01

Argo Blockchain Signs $40 Million Financing Agreement to Support M&A Transactions

Argo Blockchain, a bitcoin mining company listed on Nasdaq, has announced that it has signed a $40 million senior secured convertible loan agreement, with an initial financing amount of $15 million and the remaining $25 million to be completed in the next 18 months. Three multinational institutions have invested (specific institution names have not been disclosed) and will join the Argo board. The new funds will be used to expand its mining facility in Baie Comeau, strengthen the balance sheet, and conduct a series of potential merger and acquisition transactions.
03/03 01:58

Binance will adjust the collateral ratio of BCH, XTZ and other assets

According to the official announcement of Binance, Binance will update the collateral ratios of various assets under the investment portfolio margin mode on March 7, 2025 at 06:00 (UTC). The update process is expected to last about an hour. The specific adjustments are as follows: The collateral ratios of BCH, XTZ, and MANA will be reduced from 85% to 75%; The collateral ratio of ONE will be reduced from 80% to 70%; The collateral ratios of BAT and DENT will be reduced from 80% to 65%. Please note that the collateral ratio adjustments will affect the unified maintenance margin rate (uniMMR), and users need to pay close attention to avoid potential liquidation risks.