Cointime

Cointime

Download App
iOS & Android

Curve Founder Transfers $18M USDT to Bitfinex Before BTC/ETH Rise, Deposits CRV into Aave and Borrows USDT

Cointime Official

The founder of Curve, a decentralized exchange for stablecoins, transferred $18 million USDT to Bitfinex before the recent rise in BTC/ETH prices. The founder typically deposits CRV into Aave and borrows USDT. In total, the founder deposited approximately 212 million CRV ($219 million) and borrowed around 61.2 million USDT on Aave.

This news suggests that the founder may be anticipating a significant rise in the value of BTC/ETH and is positioning themselves accordingly. The transfer has raised eyebrows in the crypto community, with some speculating on the potential impact on the market.

Tether USDt Tether USDt $1.00
-0.06%
AAVE
Comments

All Comments

Recommended for you

  • Musk calls for abolishing the Consumer Financial Protection Bureau

     on November 27th, Musk called for the abolition of the Consumer Financial Protection Bureau (CFPB) on social media platform X, stating that "there are too many redundant regulatory agencies."

  • Binance to Launch MORPHO and CHILLGUY USDT Perpetual Contracts

    Binance futures platform will launch perpetual contracts with a maximum leverage of up to 75 times at the following times:

  • Japanese fintech startup Habitto completes $11.7 million Series A funding

    Japanese fintech startup Habitto announced on Wednesday that it raised $11.7 million in Series A funding led by QED Investors and DG Daiwa Ventures, with participation from Anthemis Group and Scrum Ventures. Existing supporters include Saison Capital, GMO VenturePartners, Cherubic Ventures, and Epic Angels. The funds raised are intended to support Habitto's expansion of its digital banking platform.

  • Blockchain payment company Partior completes $80 million Series B financing, with Deutsche Bank participating

    blockchain payment company Partior has completed an $80 million Series B financing round, with Deutsche Bank joining as a new investor. Previously in July 2024, Partior announced it had completed a $60 million financing round with investors including Peak XV Partners, JPMorgan, Jump Trading Group, Standard Chartered Bank, Temasek, and Valor Capital Group.

  • Andy Ayrey: Truth Terminal treasury funds are being migrated, users do not need to panic

    On November 27th, Truth Terminal founder Andy Ayrey posted on X, stating that the Truth Terminal treasury is undergoing its final migration. There is no need to panic due to changes in funds, as all funds are being transferred to an appropriate, globally distributed multi-signature.

  • U.S. consumer confidence improves again in November, reaching a two-year high

    Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023.

  • Starknet: Phase 1 of STRK staking is now live on the mainnet

    Starknet announced that the first stage of STRK staking has officially launched on the mainnet.

  • CZ: Not trying to end the meme craze, just encouraging more builders

    CZ posted on X platform today, saying: "I am not against Meme coins, but Meme coins have become 'a little' strange now. Let's use blockchain technology to build practical applications." Some community users said that even Musk is a supporter of Meme coins, and it is very difficult to end this frenzy. CZ responded that "there is no attempt to end anything, everyone has the right to choose to invest or hold what they want. Just encourage more builders."

  • Talus Network Completes $6 Million Strategic Round of Financing with a Valuation of $150 Million

    decentralized AI protocol Talus Network raised $6 million in a strategic financing round led by Polychain Capital, valuing the company at $150 million. This funding will help further develop the Talus ecosystem, including the Protochain, Nexus framework, and "AI dating experience" application.

  • A whale who was long on ETH/BTC exchange rate was liquidated after the Aave loan health rate broke 1

    According to on-chain analyst Yu Jin's monitoring, with last night's decline, the ETH/BTC exchange rate fell to a minimum of 0.047. Six hours ago, a whale who has been longing for the ETH/BTC exchange rate since March 2023 experienced liquidation again as the health rate of the loan in Aave fell below 1, and liquidated 2701 ETH (worth about 8.74 million US dollars) to repay the 123.7 WBTC loan. Currently, the whale's loan health rate in Aave is 1.01, still on the edge of the liquidation line. If the ETH/BTC exchange rate continues to decline, its collateral will continue to be liquidated.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company