Lido Founder Uses $85M Borrowing to Shift 15,800+ ETH on Exchange
The post Lido Founder Uses $85M Borrowing to Shift 15,800+ ETH on Exchange appeared first on Coinpedia Fintech News
Blockchain analytics firm Lookonchain reports that Konstantin Lomashuk, founder of Lido, borrowed 85 million USDT from Aave, a decentralized lending protocol. Lomashuk transferred 80 million USDT to Amber Group, which then deposited the funds onto a crypto exchange. Subsequently, 15,814 ETH, worth approximately $59.75 million, was withdrawn. This series of transactions underscores significant liquidity movement involving key DeFi players amid evolving Ethereum market conditions.
What Are JCOIN & JOYCOIN? Jd.com Moves Ahead of Hong Kong’s New Stablecoin Rules
The post What Are JCOIN & JOYCOIN? Jd.com Moves Ahead of Hong Kong’s New Stablecoin Rules appeared f...
Corporate Ethereum Treasuries Could Hit 10% of Supply, Says Standard Chartered
The post Corporate Ethereum Treasuries Could Hit 10% of Supply, Says Standard Chartered appeared fir...
Solana (SOL) Set to Hit $400 in 25 Days, While Viral Crypto Below $1 Could Flip $420 into $24,000 Before Cycle Top
The post Solana (SOL) Set to Hit $400 in 25 Days, While Viral Crypto Below $1 Could Flip $420 into $...