Bitcoin whale that sat through the March 2020 crash moves $378 million
A bitcoin whale that received coins days before the Covid crash and sat through it has moved millions on-chain.
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Summary
- A long-dormant bitcoin wallet transferred about 4,582 BTC, worth $377.6 million, to five addresses Monday, and none of the recipients has moved the coins.
- The wallet received the Bitcoin in March 2020, days before the cryptocurrency plunged below $4,000, when the holdings were worth about $40.8 million.
- Transfers from long-inactive wallets can signal potential selling and market volatility, but the move could also be a routine transfer between addresses controlled by the same owner.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
