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Winklevoss Capital moves $43 million in bitcoin to custody after hitting lowest balance since Some 572 bitcoin worth $42.77 million moved from a Gemini hot wallet into wallets owned by Winklevoss Capi

Winklevoss Capital moves $43 million in bitcoin to custody after hitting lowest balance since 
Some 572 bitcoin worth $42.77 million moved from a Gemini hot wallet into wallets owned by Winklevoss Capital and custody wallets in the past 24 hours, according to Arkham Intelligence data, the first significant transfers into the fund's addresses in over a month.
The transfers came in two batches. One of 372 $BTC and one of 200 $BTC about 11 hours later. Both moved from addresses tagged by Arkham as belonging to the crypto exchange to addresses tagged as Winklevoss Capital and Gemini Custody.
Winklevoss Capital now holds 9,328 $BTC worth $689 million across 128 tracked addresses, up from about 8,800 $BTC after a $128.5 million deposit into Gemini roughly a month ago that brought holdings to their lowest level since 2012.

It also holds 70,588 ETH worth $163.7 million, bringing its total tracked portfolio to approximately $853 million, the Arkham data show.
The onchain data shows the direction of movement, not the intent. The transfers could reflect new purchases, internal rebalancing between Gemini's exchange and custody infrastructure, or a partial reversal of last month's deposit.
Gemini Space Station (GEMI), founded by Tyler and Cameron Winklevoss, has faced mounting financial pressure this year.

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ETH/BTC ratio soarsFOMO returns to market Advertisement The broad crypto market is once again building momentum amid the ongoing price rallies as the Fear of Missing Out (FOMO) appears to be hitting t

ETH/BTC ratio soarsFOMO returns to market Advertisement The broad crypto market is once again building momentum amid the ongoing price rallies as the Fear of Missing Out (FOMO) appears to be hitting the market again.On Tuesday, crypto analytics platform Santiment shared data revealing that Ethereum's funding rate is showing rising greed signals.ETH/BTC ratio soarsAfter surging as high as $2,391 earlier today, Ethereum has seen its dominance over Bitcoin hit the highest level since late January. As such, the ETH/BTC ratio has surged to its multi-month high. HOT Stories Krueger Predicts Imminent Bitcoin All-Time High Will Shiba Inu (SHIB) Return to Bottom Again? Bitcoin's $70,000 Position Gets Complicated, Dogecoin (DOGE) Has Never Been This Calm: Crypto Market Review While this shows that Ethereum has begun to outperform Bitcoin after weeks of extremely poor performance, Ethereum has suddenly regained its strength against Bitcoin. Advertisement Source: SantimentTo further back its strength, Ethereum's ability to outperform Bitcoin has been spurred by a sharp surge in funding rates across major exchanges.This suggests that speculative demand is surging rapidly alongside increased leverage. With this move, it appears that traders are increasingly opening long positions amid rising confidence.FOMO returns to marketWhile the sudden increase in the funding rate has coincided with a market FOMO, traders are aggressively chasing upward momentum. Advertisement This appears to have triggered the rapid Ethereum price surge, as its price has surged by nearly 10% over the last 24 hours.Nonetheless, analysts warn that this could also raise the risk of sudden volatility if positions become overcrowded.While Bitcoin has only surged by about 5% over the same period, the bigger gains recorded by Ethereum suggest that altcoins may have begun to draw market attention and the market may already be entering its altcoin season.

ETH/BTC ratio soarsFOMO returns to market Advertis

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On April 16, local time, the US Department of the Treasury announced a new round of sanctions related to Iran and counter-terrorism measures, designating 3 individuals, 17 entities, and 9 vessels as t

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On April 16, according to the Financial Times, Lebanese officials revealed that under pressure from the United States to ease tensions in the Middle East, a ceasefire agreement between Israel and Leba

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On April 16, the Russian Foreign Ministry announced that Foreign Minister Lavrov stated that the energy crisis caused by the blockade of the Strait of Hormuz is due to the 'unjust aggression by the Un

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