BUSD

The crypto market maker Cumberland spent a whopping $90 million to buy the bottom after the U.S. Securities and Exchange Commission (SEC) brought enforcement actions against crypto giants Coinbase and Binance. On-chain data showed that the market maker has withdrawn over $46 million worth of ETH over the past 24 hours.The blockchain analytics firm Lookonchain took to Twitter earlier today to share Cumberland’s recent transactions:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e9069a519a8d4b619b6886b4c179d501.png" />According to on-chain data gathered by Lookonchain, Cumberland bought the dip after Coinbase and Binance were sued by the securities regulator. The Chicago-based market maker withdrew 20,000 ETH worth $37 million from Coinbase and another 4850 ETH worth $9 million from Binance since the SEC’s enforcement actions began.Cumberland has also withdrawn several altcoins, including Axie Infinity token (AXS), Compound (COMP), Chainlink (LINK), CurveDAO Token (CRV), AAVE, Render Token (RNDR), and Shiba Inu (SHIB). The market-making firm withdrew a total of 90 million USDC from Circle, of which 85 million USDC was deposited to Coinbase and 3.5 million USDC was sent to Binance.Read full article at <a href="https://cryptotale.org/cumberland-buys-the-dip-after-sec-sues-binance-and-coinbase/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cumberland Buys the Dip After SEC Sues Binance and Coinbase

CryptoTale

Autres articles publiés le 8 juin 2023

Satoshi Era Whale Shows Mysterious Activity: Here's What's Up

QolaQ Foundation : the First Web3 Mutual Aid Platform Receives Stellar Community Soroban Grant & ...

Deutsche Telekom ‘cool’ for running crypto validators

Ripple Unveils Major Report: Here's Where Company Spent Hundreds of Millions

Changpeng Zhao Ran BAM Trading, Says Former Binance.US CEO

TaskOn May 2023 Monthly Report

Join our free newsletter for daily crypto updates!