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$600 Million Bitcoin Transfer Stuns Major US Exchange Coinbaseu.today/600-million-bitcoin-transfer-stuns-major-us-exchange-coinbase
105 sats \ 3 comments \ @ch0k1 3 Nov 2024 bitcoin
In the past 20 hours, WisdomTree, a major ETF issuer in the U.S., executed a large transaction, transferring 8,258 Bitcoin (BTC), valued at approximately $600 million, and 48.83 Ethereum (ETH), valued at nearly $125,000, to the Coinbase exchange.
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0 sats \ 2 replies \ @Rothbardian_fanatic 3 Nov 2024
In the past 20 hours, WisdomTree, a major ETF issuer in the U.S., executed a large transaction, transferring 8,258 Bitcoin (BTC), valued at approximately $600 million, and 48.83 Ethereum (ETH), valued at nearly $125,000, to the Coinbase exchange. Read more on U.Today https://u.today/600-million-bitcoin-transfer-stuns-major-us-exchange-coinbase
This must have made coinbase very happy. Now they have to be careful of their balances and withdrawls. I hope they are not playing the fractional reserve game with BTC.
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10 sats \ 1 reply \ @ch0k1 OP 3 Nov 2024
Who knows we might see their game very soon but I don't think they have much other skills under their sleeves...
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0 sats \ 0 replies \ @Rothbardian_fanatic 3 Nov 2024
8258 is a heap big pile of BTC!! It is enough to move markets one way or another. It is also enough to make and break a platform.
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