What to Know: Grayscale’s Dogecoin ETF is likely to launch on November 24, marking a significant step for Dogecoin’s institutional acceptance. While not 100% confirmed, Eric Balchunas believes the chances of a November launch are very high, based on the Grayscale’s S-1 SEC filing. The upcoming Dogecoin ETF could further boost the potential value of tokens like Maxi Doge. Maxi Doge ($MAXI) has already raised over $4M in its presale, with staking rewards of 76% and a token price of $0.0002685. The surge of cryptocurrency exchange-traded funds (ETFs) is dominating the market, with major launches set to take place next week. One of the most anticipated moves is the launch of Grayscale’s Dogecoin ETF, expected to hit the market on November 24, following an amended regulatory filing earlier this month. This marks an exciting new era for Dogecoin ($DOGE) as it is set to gain institutional traction and mainstream visibility. As ETFs flood the market, investors are rushing to position themselves ahead of what could be a major moment in crypto’s broader acceptance, despite Bitcoin’s recent crash below $90K. But alongside the spotlight on ETFs, a new project is also gaining significant momentum in the presale market. ???? Maxi Doge ($MAXI) is positioned to make a significant splash in the crypto world. With over $4M raised and staking rewards of 76%, this presale meme coin could be one of the smartest buys in the shifting crypto landscape. This growing momentum reflects the overall trend of increasing investor interest in crypto, particularly in tokens related to large-scale movements like Dogecoin. Maxi Doge is riding this wave, offering a promising opportunity to those looking to capitalize on the ongoing crypto surge. With its compelling value proposition and attractive presale offer, it stands out as one of the best crypto presales of the year. Maxi Doge: A Token Built for the Future Maxi Doge ($MAXI) isn’t just another meme coin – it plans to dethrone $DOGE as the alpha dog of all meme coins. Positioned as the next logical step in the evolution of Dogecoin-related tokens, Maxi Doge seeks to amplify $DOGE’s growing influence by bringing raw degen energy to the table and offering an enhanced staking mechanism. With staking rewards reaching an impressive 76%, Maxi Doge is attracting attention from investors seeking passive returns while benefiting from the rise of Dogecoin’s market prominence. ???? But it’s the coin’s meme potential that really drives it home. Maxi is everything Dogecoin didn’t dare become: unhinged, obsessed, and degenerate. Maxi promotes 1000x leverage trading and green candle buys with one goal in mind: retire by 22 and make it look easy. This focus on rewards aligns perfectly with the broader trend in the crypto market, where holders are looking for sustainable, value-driven investments. At a price point of $0.0002685 per token, Maxi Doge is a highly affordable entry point into the expanding Dogecoin-related market. With the presale now having raised over $4M, the project has shown strong early demand, which could signal its potential for growth once it enters the public market. ???? Read our guide to buying $MAXI to learn more about the project and how to join the presale. Maxi Doge Presale: A Rare Opportunity for Investors The Maxi Doge ($MAXI) presale is one of the hottest opportunities in the market right now. The presale is fast gaining traction, and this early momentum suggests that the project will be one to watch when it officially launches. Investors who join the Maxi Doge presale now will not only benefit from attractive staking rewards but will also be positioning themselves ahead of a potential bull run in the Dogecoin market. ???? The upcoming launch of Grayscale’s Dogecoin ETF could further catalyze the value of tokens like $MAXI, positioning it to ride the wave of Dogecoin’s growing mainstream acceptance. With Maxi Doge continuing to attract attention and funds, its presale represents a rare opportunity to get involved early in a project with significant growth potential. If you’re looking for a high-potential token that aligns with the current market trends, Maxi Doge is a presale that deserves attention. ???? Secure your $MAXI tokens before the next price increase. Disclaimer: This isn’t financial advice. Always do your own research before making any investment decision. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/dogecoin-etf-maxi-doge-presale
What to Know: Solana’s ecosystem growth and institutional integrations highlight rising demand for tools that match its speed, security, and expanding real-world utility. Rising developer activity and on-chain innovation reinforce the view that Solana remains undervalued, increasing the need for wallets that fully support its ecosystem. Best Wallet’s MPC security and integrated DEXes deliver a unified, high-security experience tailored to users engaging with fast-growing networks like Solana. The $BEST token powers a mobile-first, no-KYC wallet ecosystem built to simplify Web3 access while giving users full control and utility-driven rewards. As the crypto market matures, investors are constantly searching for the next big opportunity. This has led to a renewed focus on assets that may be flying under the radar, sparking debates around whether major players like Solana are undervalued. Even as $SOL’s ecosystem continues to mature, some traders believe this crypto is yet to show its full potential. Right now, $SOL is holding firm at a key technical support zone – around $128–$130, with $SOL now back above $130). This could form the foundation for a strong rebound if the price reclaims higher levels. Behind this stability lies a thriving ecosystem: hackathons and developer events are flourishing, signaling deep and sustained innovation on the chain. Institutional and retail adoption are also scaling up rapidly. Cash App plans to support USDC payments on Solana in 2026, and SoFi has enabled $SOL trading directly from checking accounts. On-chain use cases are broadening beyond DeFi: real-world projects are tapping into Solana for credit instruments, lending, and other financial applications. Meanwhile, record-breaking fundraising and product launches, from prediction markets to native hardware wallets, demonstrate that Solana’s ecosystem isn’t just growing, it’s evolving. This strong fundamental backdrop of technical resilience, growing adoption, and real utility suggests that $SOL’s current valuation may not fully reflect its potential. And that’s where Best Wallet Token ($BEST) comes in: as users look for more secure, accessible, and powerful ways to interact with high-potential blockchains like Solana, $BEST’s next-gen wallet ecosystem is uniquely positioned to capture this momentum and turn this utility token into a 10x opportunity. That’s because the new conversation isn’t just about price charts; it reflects a deeper trend of users seeking more efficient, secure, and feature-rich ways to interact with crypto. This demand for innovation has exposed cracks in the offerings of established wallet providers. Many are either centralized, creating potential points of failure, or decentralized but lack the mobile-first, user-friendly interface needed for mainstream adoption. They offer basic functions but little else, failing to provide the added benefits and utility that today’s crypto users expect. This gap in the market creates a significant opportunity for a new solution to emerge, one that combines top-tier security with a comprehensive suite of tools designed for both new and experienced investors. Best Wallet and $BEST Redefine On-Chain Security and Access In a landscape where security is paramount, Best Wallet sets a new standard. It is the first fully integrated wallet to use Fireblocks’ advanced MPC-CMP technology, providing institutional-grade security that protects users from common threats like private key theft. This technology removes the single point of failure associated with traditional seed phrases, offering peace of mind. This focus on security is paired with a commitment to accessibility. The platform features a unique ‘Upcoming Tokens’ launchpad, which simplifies the often-complex process of participating in presales. It provides users with vetted, early-stage opportunities, removing barriers for those looking to get in on the ground floor of new projects. This feature is crucial for investors searching for the next breakout token, whether it’s a Solana meme coin or an emerging ecosystem project. Find out more about this wallet ecosystem in our Best Wallet token review. The project’s momentum is undeniable. The Best Wallet Token presale has already raised an impressive $17M+, with $BEST currently priced at $0.025965. This strong early performance signals significant investor confidence in its vision to create the easiest and safest crypto wallet on the market. Check the live $BEST presale. A Multi-Chain Future Demands More Than Basic Swaps Today’s crypto landscape is a multi-chain universe, and Best Wallet is built for it. The platform features the Best DEX aggregator, powered by Rubic, which connects to over 50 chains, 200+ DEXs, and 20 cross-chain bridges. This ensures users always get the best rates for swaps with minimal fees, all within a single, intuitive interface. The $BEST token presale is seeing serious attention thanks to this powerful utility. On-chain data shows whale wallets accumulated $30K+ in single transactions, with the largest recent purchase hitting $30.2K on November 17. This follows several older large transactions, like a $70.2K whale buy back in September. This ‘smart money’ movement suggests big retail investors see long-term potential in the project’s comprehensive approach. For those wondering if Solana is undervalued, the activity around innovative infrastructure like Best Wallet provides a compelling narrative. And beyond its trading capabilities, the $BEST token offers tangible benefits within the ecosystem. Holders gain access to reduced transaction fees and can participate in staking immediately during the presale. With 800M tokens allocated for dynamic APY rewards (now at 76%), early backers can start earning returns on their investment from day one, creating a powerful incentive to join the growing community. The project’s robust features make a strong case for its $BEST’s price potential, with our forecast putting the token at a $0.05 high in 2026 – a 1.9x growth from today’s price of $0.025965. For those ready to participate, the process is straightforward; learn how to buy the Best Wallet token and secure your position in this innovative ecosystem. Join the $BEST presale today. This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before investing in any cryptocurrency. Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/solana-undervalued-proof-best-wallet-token-presale-10x-opportunity/
Crypto markets are bleeding today as Bitcoin has dropped below $90,000 for the first time in 7 months. Fear is rising fast, with the Crypto Fear and Greed Index now at 11, and more than $1 billion in liquidations recorded in the past 24 hours. The sharp market pullback has left everyone guessing – what’s …
In his latest Substack essay “Snow Forecast,” published November 17, 2025, Arthur Hayes argues that Bitcoin’s sharp drawdown from its October all-time high is a straightforward consequence of tightening dollar liquidity once derivative-driven “fake flows” into Bitcoin have dried up. For Hayes, Bitcoin is “the free-market weathervane of global fiat liquidity” that trades on expectations of future money supply rather than day-to-day headlines. Why Is The Bitcoin Price Down? He looks back to the “US Liberation Day” turmoil on April 2, 2025, when aggressive tariff moves from the Trump administration initially sparked fears of a depression. After Trump “TACO’d” — his word for calling a truce on tariffs — on April 9, Hayes called for “Up Only!” Bitcoin rallied about 21%, Ether and other “selected shitcoins” followed, and Bitcoin dominance slipped from 63% to 59%. Yet even as his proprietary USD Liquidity Index fell roughly 10% from April 9, Bitcoin still rose 12%. Hayes says that divergence was not some structural decoupling, but a temporary distortion created by ETF basis trades and Digital Asset Treasury (DAT) vehicles. He is particularly blunt about the spot Bitcoin ETF flows that many commentators branded as proof of “institutional adoption.” Looking at BlackRock’s IBIT, Hayes notes that the five largest holders are hedge funds and prop trading desks, which mainly used the ETF as a leg in a basis trade: “They short a CME-listed Bitcoin futures contract vs. buying the ETF to earn the spread between the two.” Related Reading: Bitcoin Social Dominance Hits 4-Month High: What It Means When the annualized basis stands “markedly above the Fed Funds rate, hedge funds will pile into the trade,” generating “large and persistent net inflows into the ETF.” That, he argues, “creates the impression, to those who don’t understand the market microstructure, that there is massive interest from institutional investors for Bitcoin exposure when in reality they don’t give a fuck about Bitcoin, they only play in our sandbox for a few extra points over Fed Funds.” As the basis collapsed, those same players “quickly dump their positions,” producing “massive net outflows” and a negative feedback loop with retail. DATs provided a similar optical illusion. Hayes highlights Strategy (MSTR), which can acquire more Bitcoin when its stock trades at a premium to its underlying holdings, a metric called mNAV. As that premium turned into a discount, its ability to grow BTC holdings cheaply diminished. Together, ETF basis flows and DAT issuance “allowed Bitcoin to rise even though dollar liquidity contracted,” he writes. “But this state of play is over […] Without these flows obscuring the negative liquidity picture, Bitcoin must fall to reflect the current short-term worry that dollar liquidity will contract or not grow as fast as the politicians promised.” This Will End The Bitcoin Downtrend From there, Hayes goes back to his core premise that “money is politics.” He says it is now time for President Trump and Treasury Secretary “Buffalo Bill” Bessent “to put up or shut up”: either they deploy the Treasury to “run roughshod over the Fed, create another housing bubble, hand out more stimulus checks,” or they are “a bunch of limp-dick charlatans.” He draws a direct parallel to 2022, when President Biden and Treasury Secretary Janet Yellen engineered a huge drawdown of the Fed’s reverse repo balances. “Yellen issued more Treasury bills than notes or bonds, which sucked $2.5 trillion out of the Fed’s Reverse Repo Program from 3Q2022 until 1Q2025, which pumped stonks, housing, gold, and crypto.” Hayes says, “I have 100% confidence that [Bessent] will engineer a similar outcome.” In the near term, however, he is cautious. Hayes acknowledges the bull argument that as the US government normalizes operations after the shutdown, the Treasury General Account can be reduced by $100–150 billion and that the Fed will end quantitative tightening on December 1. Related Reading: Can Strategy Survive A 90% Bitcoin Crash? Saylor Says Yes But he points out that “since July approximately $1 trillion of dollar liquidity evaporated based on my index.” Against that backdrop, a $150 billion boost is marginal, and talk of renewed QE remains “just talk” until “Fed whisperer Nick Timiraos” signals otherwise. “The bulls are correct; over time, money printer go Brrrrrr. But first, the markets must retrace the gains since April to better align with the liquidity fundamentals.” How Hayes Positions His Company Hayes says he has already adjusted Maelstrom’s positioning. “Over the weekend, I raised our USD stables position in anticipation of lower crypto prices,” even though the fund is still “long as fuck.” The only token he thinks can “outrun the negative dollar liquidity situation in the short-term” is Zcash (ZEC). “With AI, big tech, and big government, privacy across most sectors of the internet is dead. Zcash and other privacy cryptos using zero-knowledge proof cryptography are humanity’s only chance to fight this new reality.” He argues that it “should offend our sensibilities as disciples of Satoshi” that the third, fourth and fifth largest coins are “a USD-derivative, a do-nothing coin on a do-nothing chain, and CZ’s centralized computer,” and insists “Zcash or a similar type of privacy crypto belongs right below Ethereum.” The current Bitcoin correction, in Hayes’s reading, is also a warning. “The Bitcoin dive from $125,000 to the low $90,000s whilst the S&P 500 and Nasdaq 100 indices hover around all-time highs tells me that a credit event is brewing.” He sees scope for a 10–20% equity drawdown and a 10-year US yield near 5%. In that stress, “Bitcoin could absolutely drop to $80,000 to $85,000.” But if that forces the Fed and Treasury to “accelerate their money printing capers,” he believes Bitcoin “could zoom towards $200,000 or $250,000 at year end.” Hayes also expects China to join the next wave of easing once the US clearly accelerates dollar creation. He cites the People’s Bank of China’s recent purchase of government bonds as “the beginning of China QE” and notes Beijing’s anger at the US “stealing” Bitcoin from the Chinese pig butchering scam operator as evidence that Xi Jinping views Bitcoin as a strategic asset. “If both Trump and Xi, leaders of the two largest economies globally, believe that Bitcoin is valuable, why are you not bullish long term?” he asks. At press time, BTC traded at $90,477. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s slide below $90,000 has shaken the crypto market, but not all altcoins are collapsing in its wake. The top altcoins like Ethereum, Solana and XRP are displaying strength, and these three names are also drawing particular attention: Hyperliquid (HYPE), Aster (ASTER), and Monero (XMR). These tokens are flashing different signals—some showing promise of a …
Move introduces verified aliases for crypto transfers and adds an ID layer to self-custody tools.
Bitcoin’s drawdown, alongside cross-pair stability and steady on-chain activity, points to a market clearing excess leverage rather than shifting into a high-beta altcoin run.
Over the past few days, the crypto market has wiped out more than $500 billion in value, and Bitcoin has slipped under $90,000. But the bigger mystery remains: why is crypto crashing when global liquidity is actually rising? Recently, Central banks have been pumping billions of dollars into the system, so where is it all …
Fidelity’s FSOL spot Solana ETF is set to launch on November 19 with a low 0.25% fee, joining a growing Solana fund lineup that also includes Bitwise’s roughly $450 million BSOL, VanEck’s newly listed VSOL, and an upcoming product from Grayscale. Canary Funds will debut its SOLC ETF on the same day, teaming up with …
The U.S. SEC has released its examination priorities for the 2026 fiscal year, and for the first time in several years, crypto is not mentioned as a specific area of focus. The omission stands out, especially compared to the Gensler era, where crypto routinely appeared as a priority in annual exam documents. The shift aligns …
Vitalik Buterin used his Devconnect keynote in Argentina to remind the community what Ethereum truly stands for. He pointed to the collapse of FTX as a clear example of why crypto cannot depend on a single person or company. Buterin criticized Sam Bankman-Fried’s centralized approach, saying FTX failed because users were forced to trust one …
Bitcoin and Ether ETFs saw another day of heavy withdrawals, while Solana ETFs maintained an uninterrupted inflow streak since launch.
The Bitcoin price tanked below $90,000, creating shockwaves across the cryptocurrency markets, triggering massive liquidations and profit-taking. The global market capitalisation has dropped from levels close to $4 trillion to levels close to $3 trillion, while the volume surged close to $230 billion. Amid the rising bearish influence over the markets, the top altcoins, Ethereum, …
A Dogecoin cup and handle pattern has returned to the chart, which could be pointing to another recovery trend. The chart pattern was highlighted by crypto analyst Melikatrader on a TradingView post, showing that there could be a reversal coming for Dogecoin soon. The analysis further explains how the formation came about and what this could mean for the meme coin’s price as another week of trading gets underway in the current bearish environment. Understand The Dogecoin Macro Cup And Handle Pattern Interestingly, the formation of the macro cup and handle pattern didn’t just start recently, as is usually the case. The crypto analyst explains that this formation had begun years ago, back in 2021, when the Dogecoin price had staged its legendary 36,000% rally that pushed it to new all-time highs. Related Reading: Analyst Breaks Down Why There Can’t Be 7 Million XRP Holders It comes after what was perhaps the strongest pole and flag rally in the Dogecoin price history, pushing it to new heights in the process. However, this led to the formation of a multi-year-long cup and handle pattern, with the cup portion of the pattern being in formation since 2021. This large cup formation points to long-term accumulation for the Dogecoin price. Now, according to the analyst, the cup has been completed, leaving the handle pattern that is now underway. As part of this, the Dogecoin price is now trading inside of a descending handle, and this is where the bullish part comes in. This is because a descending bullish handle has often appeared as a precursor to a bullish price breakout. Why DOGE Price Could Hit $4 With the formation of the handle pattern already starting, it now remains for the completion of the bullish trend. As long as the Dogecoin price is able to break out of the descending handle, then it would set the tone for the upward reversal for the meme coin. Related Reading: Is Bitcoin Falling Because Of Strategy Sell-Offs? On-Chain Data Fuels Debate The major thing about this bullish handle is the fact that the breakout could last into multiple years. This multi-year expansion phase could see the continuous increase of the price as Dogecoin makes its way back toward its $0.74 all-time highs that were set back in 2021. However, this would not be the end of the uptrend, as the crypto analyst explains that the completion of the cup and handle pattern puts the price much higher. The target puts the lower and more conservative end at $2.8. But a 2,400% expansion is still possible, pushing the price as high as $4 before the trend is complete. Featured image from Dall.E, chart from TradingView.com
The country has added nearly 100 million dollars to the national bitcoin treasury as BTC trades below $90k.
The memecoin's technical structure is weakened, with key support at $0.1520 needing to hold to prevent further declines.
Traders should watch the $2.15 pivot, as holding this level could lead to a bounce, while a break below may trigger further declines.
Mt. Gox returned to the spotlight this week after it moved 10,422.6 BTC, worth about $936 million, from one of its cold wallets. The transfer immediately caught traders’ attention and raised concerns. The Bitcoin Price is now sitting in a new address and has not been used, but the move has brought back worries that …
The crypto market plunged sharply over the past 24 hours as renewed inflation concerns sent shockwaves through global risk assets, wiping out more than $1 billion in leveraged positions. Bitcoin led the downturn after a sudden spike in inflation expectations rattled traders and forced a rapid unwinding of long positions across major exchanges. The sell-off …
The Securities and Exchange Commission’s latest examination priorities document didn’t mention crypto as an area of focus for the coming year, unlike in previous years.
Chido Munyati, head of Africa at the World Economic Forum, said in a statement that outdated payments and documents are a significant obstacle for African trade, one that he hopes digitization can solve.
Mt. Gox has stirred the market again after eight months of silence, moving 10,423 Bitcoin, worth about 936 million dollars, to a fresh wallet address. On-chain data from trackers like Arkham Intelligence and analysts such as lookonchain confirm the shift from Mt. Gox–linked wallets as part of its long-running creditor repayment process. Traders are watching …
Bitcoin price crashed below $90,000, touching $89,500 for the first time in seven months. The drop has shaken the market, pushing the Fear & Greed Index into “extreme fear”. Many traders now worry the price could dip even further, with some expecting BTC Price to go as low as $86,000. Top Reasons Why Bitcoin Price …
Since October 6, the crypto market has lost over $1.1 trillion in value. Analysts from The Bull Theory examined the underlying causes of this behavior and identified significant issues causing such poor performance in what was expected to be a bullish fourth quarter for the industry. Market Liquidity Stumbles Post-October 10 Sell-Off One of the primary factors cited is the severe damage inflicted on market liquidity following the dramatic sell-off on October 10, which resulted in more than $20 billion liquidated from traders in a matter of minutes. This particularly impacted altcoins, with many seeing losses of 70% to 80%. With liquidity diminished, the current market environment allows prices to fluctuate easily, meaning even minor sell-offs can lead to rapid price drops. The analysts noted that the liquidity has failed to recover since this initial dump, resulting in the order books for major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) becoming increasingly sparse. Related Reading: The ‘Insanely Bullish’ Dogecoin Setup That Will Trigger A 600% Rally To $1 The consequences of this thin liquidity are stark; a small volume of selling can generate significant downward price movements. This observation matches the reality of recent market activity, where price declines appear more pronounced than the actual selling volume. Another contributing factor to the downturn, as pointed out by market analyst Tom Lee, is the behavior of major market makers. According to Lee, the ongoing correction may stem from one or two large entities facing considerable losses. Layered upon these issues is the excessive leverage in the market. Despite the unprecedented liquidations, many traders have reportedly returned to the market with increased leverage. The Bull Theory analysts contend that this high leverage, coupled with thin markets, enables market makers to trigger substantial liquidations with minimal price movement, making the sell-offs appear more aggressive. Crypto Fear Index Hits Lowest Level In Over 3 Years Compounding these issues, market sentiment has been plagued by fear, uncertainty, and doubt (FUD). Current narratives circulating, such as speculation regarding Strategy (previously MicroStrategy) facing forced liquidations if Bitcoin falls below $74,000, further exacerbate panic. It is worth noting that during the 2020-2021 cycle, Strategy’s cost basis hovered around $30,000 to $32,000. Even when Bitcoin dipped to $16,000—almost 50% below their cost—the company did not sell any coins. The Fear Index has also plummeted to 10, a level not seen in over three and a half years. The analysts belive that such extreme fear suggests two potential scenarios: either the market has reached its bottom, or it is approaching it. Related Reading: Here’s Why The Ethereum Price Is Crashing Again, Can It Breach $3,000? In conjunction with these sentiment measures, the Relative Strength Index (RSI) for Bitcoin has returned to levels comparable to those of January 2023, when Bitcoin was valued around $20,000. The analysts suggest that this signals a stretched market on the downside, particularly within altcoins, where speculative activity has diminished and retail interest is waning. Despite the current turmoil, the Bull Theory analysts find that fundamentally, little has changed within the crypto market. They highlighted that Bitcoin’s network remains robust, with increasing hashrate, ongoing institutional interest, and a supportive stance from the US government regarding regulated crypto. However, it remains to be seen what the eventual direction of the digital asset market will be, as neither negative nor bullish cycles follow straight lines. This suggests that despite the downtrend, a new recovery and future dips may occur, and vice versa. At the time of writing, Bitcoin was leading Monday’s crypto market drop, trading at $91,940—a 3% drop within 24 hours and a 13% drop within a week. Featured image from DALL-E, chart from TradingView.com
The latest on-chain move comes as BTC's spot price continues to slide.
The significant sell-off may signal waning institutional confidence in crypto, potentially impacting future investment strategies and market stability.
The post BlackRock’s IBIT offloads $145 million in Bitcoin appeared first on Crypto Briefing.
HIVE Digital has reported record revenues for its latest quarter, spurred by rising Bitcoin prices and an expansion of its mining fleet.
On-chain data reveals the number of Bitcoin whales have been increasing since the start of October.
Market volatility and potential policy responses could drive Bitcoin's dramatic price swings, highlighting its sensitivity to macroeconomic shifts.
The post Bitcoin could retest $80K as looming credit stress pressures markets: Arthur Hayes appeared first on Crypto Briefing.
While the motive behind the bitcoin transfer remains unclear, such transactions have typically preceded repayments from the defunct exchange.