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The crypto wallet wallet linked to 1inch Investment Fund currently holds around $80 million in various digital assets. A crypto wallet belonging to the 1inch Investment Fund has bought huge amounts of Ether (ETH) a month after recently cashing out on its dollar-cost averaging (DCA) buys throughout the first quarter of 2023.  Blockchain analysis platform Lookonchain, which follows and posts smart profitable trades, flagged the transaction. According to the firm, the 1inch-affiliated wallet bought a total of 6,088 ETH at the price of $1,655, which means that the company spent over $10 million on the purchase. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655 6 hrs ago. The wallet bought a total of 17K $ETH($26.8M) at an average price of $1,569 on Jan 13, Feb 9 and Mar 14. Then sold 11K $ETH($21M) at $1,906 on July 5, making ~$3.7M.https://t.co/QhEm3M9Mm7 pic.twitter.com/JUxzA8hFom — Lookonchain (@lookonchain) August 28, 2023 The trade comes after the company ...

The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market. In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs. A common trading strategy for institutional users is trading the basis, or taking advantage of the difference between an asset’s price on different markets, such as spot and futures. Responding to the trading community’s needs, OKX has launched a product for institutional users to execute basis trades with one click. In this interview, Lennix Lai, global chief commercial officer at OKX, highlights the challenges institutional traders are currently facing when trading cryptocurrencies, and discusses how OKX is addressing them by contin...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase Global continues its pursuit of global expansion as the exchange faces an uncertain crypto regulatory framework in the United States. The exchange has announced that it will be increasing the range of services that are available to its customers in Singapore. Coinbase expands Singapore services Coinbase has already announced plans to increase its international footprint. Coinbase is the largest crypto exchange in the US, but its growth in the market is being threatened by the uncertain regulatory framework and the actions being taken by the US Securities and Exchange Commission (SEC) The country director for Singapore at Coinbase, Hassan Ahmed, said, The message here is the world is sort of moving on with or without the US, and we are very committed as a global company to keep moving forward on international expansion. Coinbase obtained approval to offer cryptocurrency services in Singapore in O...

Cointelegraph explored the United Arab Emirates to see how NFTs are used in the region. SVB collapse chilled NFT trading volumes: DappRadar The recent collapse of the Silicon Valley Bank (SVB) resulted in dwindling numbers for NFT trading volume s, with traders holding on to their assets amid the banking crisis in the United States. Before the crisis, NFT trading volumes were around $68 million to $74 million. After SVB collapsed on March 10, the trading volume declined, falling to $36 million on March 12. In addition, the daily NFT sales count also dropped by 27.9% between March 9 and 11. Continue reading… Dubai to Abu Dhabi: How NFTs are used in the UAE As the UAE welcomes developments within the blockchain space, NFTs continue to thrive in the region. Cointelegraph explored various places to find out how NFTs are being used in the UAE. At the Ultra Abu Dhabi event on March 5, organizers used NFT tickets. The tickets were similar to regular tickets but had the benefit of being rec...