Moonbags Markets

DXY up is now perceived as a risk on signal

Ripple Hit with $125 Million Penalty for Institutional Sales, But Crypto Exchange Trades Deemed Legal: Ruling

looks like there is an update on this

Lookonchain deleted the previous analysis. According to @EmberCN, most of the 789,534 ETH were sold on Huobi through multiple addresses from June to September 2021. Currently, only about 12 addresses have collected Plus Token-related ETH addresses in the last 30 hours, totaling 25,757 ETH ($63.1M). Most of the ETH should have been sold in 2021. — link Previous WuBlockchain report on Plustoken

According to Lookonchain, a large number of wallets that have been dormant for 3.3 years are transferring 789,533 ETH (about $2 billion). The funds came from a wallet called "Plus Token Ponzi 2". These ETH were seized by Chinese police when they cracked down on the PlusToken Ponzi scheme. — link

Jump Trading transferred the 11,500 ETH (worth $28.9 million) applied for redemption on August 4 to the CEXs address, and transferred 16,210 wstETH (worth $47.92 million) to continue applying for redemption. There are still 21,394 wstETH (worth $63.33 million) waiting to be redeemed. — link

Jump apparently still selling ETH

and here it is

1) What

Grayscale Launches New Crypto Investment Trusts For SUI And TAO: The Block

🗽👀 #BTC #ETF Morgan Stanley advisors will begin offering spot BTC-ETFs to clients starting today.

But I think we got our nuke earlier

This one is a very slow cook

Gonna still be hit with volatility in the next few days to weeks

Seems the unwind isn't over but this was before the news tonight. 50% unwind remaining likely means maybe 75 to 80% now

BOJ already capitulated