Fourth largest VBTC holder deposits $14M BTCb to Venus Protocol

On December 2nd, according to Arkham monitoring, VBTC whale (address starting with 0x1E7) just deposited $14 million worth of BTCb into Venus Protocol, bringing its total deposits to over $28 million. This address is the fourth largest VBTC holder with a trading volume of over $750 million in the protocol.

In addition, two days ago, the address borrowed $5 million worth of USDT and immediately deposited it into Binance.

Venus Protocol

Comments

All Comments

Recommended for you

CointimeSG ·

A dozen crypto VCs share what’s next after Trump’s win and bitcoin’s

The last few days have been a whirlwind in the crypto world, with bitcoin crossing the $93,000 mark right after Donald Trump's election victory.
CointimeSG ·

Shiba Inu Targets $0.00006: CoinMarketCap Ranks It 11th with $14 Billion Market Cap

SHIB/USD faced resistance at $0.00002935 with potential support at $0.00002150 on the daily chart.
CointimeSG ·

Mobile Crypto Apps Are Climbing the Charts as Bitcoin Blasts Off

Bitcoin's recent spike to a new all-time high price has lifted the entire market—and mobile crypto apps on iOS and Android are surging too.
CointimeSG ·

Polymarket bettors see Lutnick as Treasury Secretary favorite after Musk endorsement

The odds of Cantor Fitzgerald CEO Howard Lutnick becoming Trump’s pick for Treasury Secretary have increased on Polymarket following Elon Musk’s endorsement, placing him slightly ahead of hedge fund manager Scott Bessent, seen as the other current favorite.
CointimeSG ·

Chain abstraction explained: What it is and the problems it solves

Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks.
CointimeSG ·

Schwab, Citadel-backed digital assets firm EDX reaches $36bn in crypto volumes

EDX Markets, the institutional crypto exchange, announced that it processed $36 billion in cumulative notional trades during 2024.
CointimeSG ·

Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more

Dogecoin investors have dropped their class-action lawsuit against Elon Musk, which accused him of manipulating the price of DOGE during its 2021 surge from less than $0.10 to around $0.70.
CointimeSG ·

Ethereum ETFs Are Thriving Amid 'Overdue Excitement' and Rising Optimism: Analysts

While Ethereum’s Wall Street debut got off to a rocky start, analysts say there’s been a shift in ETF momentum following Election Day.
CointimeSG ·

Tether-backed Quantoz launches MiCA-compliant stablecoins USDQ, EURQ

Quantoz Payments, a blockchain firm based in the Netherlands, has launched two new MiCA-compliant stablecoins pegged to the Euro and the U.S. dollar.
Education platform Giggle Academy announces official X account has been restored

education platform Giggle Academy announced that its official X account has been restored. It stated that Giggle Academy is a free learning application. There are no tokens or fees, only fun education. Please carefully check all content to avoid fraud.