A whale has cumulatively withdrawn approximately 121,000 ETH, worth about $227 million, from Gemini over the past month.

2026-08-11 by admin

PANews, August 11 — According to Onchain Lens monitoring, a whale withdrew another 9,000 ETH (approximately $16.87 million) from Gemini today. Over the past month, this wallet has accumulated withdrawals of approximately 121,000 ETH (around $227 million), transferring most of it to self-custody and staking a large portion of the position.

DeepWave TechFlow news, August 11, according to CoinDesk, Trump Media & Technology Group (DJT) reduced its Bitcoin holdings from 9,542 coins to 9,477 coins in the second quarter, with a fair value of approximately $557 million as of June 30, a significant decline from $836 million at the end of 2025. Its Cronos (CRO) holdings amount to approximately 756.1 million coins, with fair value also decreasing from $68 million to $40.6 million. Total crypto losses for the first half of the year reached $360.6 million. Additionally, Trump Media has terminated the previously planned CRO reserve public listing company project together with Crypto.com and Yorkville Acquisition, with parties citing "changes in current market conditions and business priorities."

PANews, August 11 — BlackRock’s head of digital assets, Robert Mitchnick, noted that over the past month, Bitcoin market sentiment has shown a clear but subtle improvement, and its correlation with U.S. stocks is weakening — a healthy development for Bitcoin’s thesis as a portfolio diversifier and tail-risk hedge. He pointed out that during the sharp sell-off in the AI sector in July, Bitcoin significantly outperformed, reflecting this decoupling. Although Bitcoin is down nearly 30% year-to-date and about 50% from a year ago, ETF investors continue to buy — U.S. spot Bitcoin ETFs recorded $853.5 million in inflows last week, the best weekly performance since mid-April. Of that, BlackRock’s IBIT contributed $693.7 million (over 80%), and Fidelity’s FBTC added $116.4 million. Bloomberg analyst Eric Balchunas noted that multiple funds saw daily net inflows after the Coldcard vulnerability was disclosed, and “it’s hard not to see causation.”