Ethereum

Celsius

<ul><li>Celsius deposits 67,500 ETH to Coinbase, part of a larger $1.9B transfer to CEXs, indicating strategic portfolio realignment.</li><li>FTX and Alameda diversified asset movements, transferring $707M in 91 tokens since Oct, reflecting operational strategy shifts.</li><li>Celsius begins distributing over $3B to creditors, marking a significant step in fulfilling financial obligations within the crypto space.</li></ul>In a significant development within the cryptocurrency sector, recent on-chain data highlights substantial asset movements by two major institutions, Celsius and FTX. According to <a href="https://twitter.com/spotonchain" rel="noopener noreferrer nofollow">Spot On Chain</a>, an authoritative on-chain data source, these entities have collectively transferred a considerable sum of money to centralized exchanges (CEX), marking a noteworthy event in the digital currency landscape.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ff5bed8bc35c4d4c8863b58af9a459bc.png" />Celsius, a prominent player in the crypto space, has made a substantial move by depositing 67,500 Ethereum (ETH) valued at approximately $156.5 million to Coinbase Prime within the last two days. According to the source, this transaction is part of a larger trend observed since November 13, 2023. Celsius has relocated a total of 847,626 ETH, roughly equating to $1.90 billion, to various <a href="https://cryptotale.org/?s&#61;CEX&#43;platforms" rel="noopener noreferrer nofollow">CEX platforms</a>. This strategic reallocation of assets raises questions about the underlying motives, with speculation around potential over-the-counter (OTC) deals with high-net-worth individuals or &#34;whales.&#34;Read full article at<a href="https://cryptotale.org/major-crypto-movements-by-celsius-and-ftx-spotlight-on-chain-activities/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Major Crypto Movements by Celsius and FTX Spotlight On-Chain Activities

CryptoTale

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