PANews reported on December 8th that, according to Onchain School monitoring and Arkham data, approximately 17 hours ago, a wallet address associated with the BEAT team sent tokens worth approximately $1.2 million to the cryptocurrency exchange Gate. These tokens are currently still held in the exchange's deposit address and have not yet been transferred or traded. However, analysis suggests that some wallets holding BEAT tokens have tested small-scale transactions, indicating potential future trading operations to cash out and profit.PANews reported on December 8th that, according to Onchain School monitoring and Arkham data, approximately 17 hours ago, a wallet address associated with the BEAT team sent tokens worth approximately $1.2 million to the cryptocurrency exchange Gate. These tokens are currently still held in the exchange's deposit address and have not yet been transferred or traded. However, analysis suggests that some wallets holding BEAT tokens have tested small-scale transactions, indicating potential future trading operations to cash out and profit.
The BEAT team's linked wallet sent $1.2 million worth of tokens to a CEX, seemingly indicating a planned sell-off for profit.
PANews reported on December 8th that, according to Onchain School monitoring and Arkham data, approximately 17 hours ago, a wallet address associated with the BEAT team sent tokens worth approximately $1.2 million to the cryptocurrency exchange Gate. These tokens are currently still held in the exchange's deposit address and have not yet been transferred or traded. However, analysis suggests that some wallets holding BEAT tokens have tested small-scale transactions, indicating potential future trading operations to cash out and profit.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Superstate launches an on-chain direct issuance solution, enabling companies to raise funds in stablecoins to issue tokenized shares.
PANews reported on December 10th that Superstate, led by Compound founder Robert Leshner, announced the launch of "Direct Issuance Programs." This program allows publicly traded companies to raise funds directly from KYC-verified investors by issuing tokenized shares, with investors paying in stablecoins and settling instantly. The service will run on Ethereum and Solana, with the first offering expected to launch in 2026. The program requires no underwriters, complies with SEC regulations, and aims to promote the on-chaining of capital markets.
Share
PANews2025/12/10 21:07
Trump to start final Fed chair interviews beginning with Kevin Warsh
The post Trump to start final Fed chair interviews beginning with Kevin Warsh appeared on BitcoinEthereumNews.com. President Donald Trump will begin the final interviews of candidates for the Federal Reserve chair this week, putting back on track the formal selection process that began this summer. “We’re going to be looking at a couple different people, but I have a pretty good idea of who I want,” Trump said Tuesday night aboard Air Force One to reporters. The interviews by Trump and Treasury Secretary Scott Bessent will begin with former Fed governor Kevin Warsh on Wednesday and also include Kevin Hassett, the director of the National Economic Council, at some point, according to two sources. It restarts the process that was derailed a bit last week when interviews with candidates were abruptly canceled. Trump said recently he knew who he was going to pick to replace current Chair Jerome Powell, and prediction markets overwhelmingly believed it would be Hassett. But his possible selection received some pushback from the markets recently, especially among fixed income investors concerned Hassett would only do Trump’s bidding and keep rates too low even if inflation snaps back. So it’s unclear if these interviews are a sign Trump has changed his mind or just the final stage of the formal process. CNBC first reported in October that Trump had narrowed the candidate list down to five people. Four of those five will be part of these final interviews. The group also includes current Governors Christopher Waller and Michelle Bowman as well as BlackRock fixed income chief Rick Rieder. The Fed will likely lower rates for a third time this year on Wednesday, but Powell, whose term as chair is up in May, is expected to strike a cautious tone at his post-meeting press conference on how much lower the central bank will go next year. The Fed’s latest forecast released in September called…
Share
BitcoinEthereumNews2025/12/10 21:07
Cardano Price Prediction: Why ADA Could Be Headed To Zero As Faster, Cheaper Rivals Gain Traction
Is Cardano the Nokia of crypto? The big and mighty, already a shadow of its former self, is falling. Cardano price predictions put ADA at a big fat zero. Not that ADA is useless, but because the slow snail’s pace is being overtaken by sleeker, cheaper, and better alternatives like Layer Brett. What is it […]
Share
Cryptopolitan2025/09/18 02:43