ALERT: $800M OF $ETH JUST MOVED FOR THE FIRST TIME IN 4 YEARSAn individual entity holding over $2 Billion of $ETH just moved over $800M of $ETH.Their last movement was 4 years ago, and they woke up to deposit to Plasma.Emmett Gallic (@emmettgallic):BREAKING: Early $ETH whale with over 700K $ETH originating from mining pools and Bitfinex just moved 200k ETH becoming active for the first time in 4 years. https://t.co/PBC6Z8Bjcm ...

Two wallets that have been dormant for over 8 years just woke up and moved 200K $ETH($785M) to 2 new addresses.This Ethereum OG originally sourced their $ETH primarily from #Bitfinex, currently holds a total of 736,316 $ETH($2.89B) across 8 wallets.Wallets:0x0a4c79cE84202b03e95B7a692E5D728d83C44c760x2d89034424Db22C9c555f14692a181B22B17E42C0x40F50E8352d64aF0DDDA6ad6c94b5774884687c30x6586ce3d543e0C57B347f0C3B9eeeD2f132c104f0x4B5d3010905e0A2F62cCe976d52C4F6EB5E545A50xbF3aEB96e164ae67E763D9e050FF124e7c3Fdd280x0 ...

🚨 🚨 🚨 637 #BTC (69,918,616 USD) transferred from #Kraken to #Bitfinexhttps://t.co/tiLoTOJhbr ...

🚨 🚨 🚨 295,795 #SOL (58,885,695 USD) transferred from #Bitfinex to unknown wallethttps://t.co/4nlu1H1aO1 ...

🚨 🚨 🚨 15,000 #ETH (62,544,516 USD) transferred from #Bitfinex to #Aavehttps://t.co/9sHO7S0DLQ ...

🚨 🚨 🚨 🚨 🚨 100,000,000 #USDT (100,109,250 USD) transferred from Tether Treasury to #Bitfinexhttps://t.co/LoAKkw1oWY ...

🚨 🚨 🚨 🚨 🚨 100,000,000 #USDT (100,078,999 USD) transferred from #Bitfinex to Tether Treasuryhttps://t.co/ffTAcJ5mlg ...

Core Insights - Plasma has launched a Tether-backed layer-one blockchain and a super-app called Plasma One, which serves as a stablecoin-native neobank and card, initially centered around USDT [1][4] - Users can earn over 10% yields while paying directly from their stablecoin balance, with additional benefits such as 4% cash back, coverage in 150 countries, and fee-free transfers within the app [2] Company Overview - Plasma is closely associated with Tether, having its Series A funding led by Bitfinex, Tether's sister company, with Paolo Ardoino serving as CEO for both companies [5] - The project has raised a total of $74 million at a valuation of $500 million, with previous funding rounds totaling $24 million and a public sale raising $50 million [6] Market Context - The demand for the dollar is increasing globally, with Plasma customizing its offerings based on feedback from users in cities like Istanbul, Dubai, and Buenos Aires to enhance trust and onboarding processes [3] - USDT is currently the largest stablecoin by market capitalization, valued at $172 billion, and has a 24-hour trading volume of $179 billion, indicating its significant role in the cryptocurrency market [6] Strategic Vision - Plasma aims to create efficient financial rails by leveraging stablecoins, which are positioned as cheaper, faster, and more reliable alternatives to traditional financial systems [4] - The company plans to onboard top partners to connect various financial services into a seamless interface, enhancing user experience and utility [4]

plasma launching september 25 with $2b tvl at $218k market cap. tether ceo personally invested and bitfinex led the round. aave, pendle, etherfi all deploying day one. 9,174x tvl to market cap ratio beats every l1 launch i've tracked. paolo ardoino doesn't back many projects ...

Bullish bitcoin bets on @bitfinex have notably increased in recent weeks, presenting bearish dues for $BTC. By @godbole17.https://t.co/xur7yWv2eM ...