10 minutes ago, Wintermute transferred 15,000 ETH ($49.65M) to Coinbase.

These ETHs come from Wintermute redeeming 15,441 stETH to ETH in Lido 14 hours ago.

Wintermute address: 0x4f3a120E72C76c22ae802D129F599BFDbc31cb81 ​​​

This address, which was just created yesterday, continued to withdraw 6744 ETH ($22.31M) from Binance 40 minutes ago.
A total of $141 million worth of assets have been withdrawn from Binance: 14,146 ETH ($45.34M) + 95.67 million USDT.

How should I put it? The operations and handwriting of this address do look more and more like Sun Ge's.

40 minutes ago, James Fickel spent another 10 million USDC to buy 3042.8 ETH at an average price of $3,286.
He also borrowed 20 WBTC from Aave. It is expected that he will continue to sell the borrowed WBTC for ETH to go long on the ETH/BTC exchange rate.

Since the beginning of January this year, he has borrowed a total of 2,301 WBTC ($145M) from Aave and sold it for 41,944 ETH. The ETH/BTC exchange rate cost is about 0.055.

Since yesterday, the ETH/BTC exchange rate has rebounded from 0.049 to 0.052.

A newly created address has withdrawn assets worth $118.7 million from Binance in the last 16 hours: 7,402 ETH ($23.03M) + 95.67 million USDT.

Why does it feel like this is another Sun Ge address😂
(The addresses used by Sun Ge to buy ETH in February and April were all used to withdraw large amounts of ETH and stablecoins from Binance after the new address was created)

Address: 0x205194D171C74e9efA3CA53A0f78E48472cAc621

On April 26, the overall net outflow of funds from the eleven BTC spot ETFs was $83.61M, which corresponds to a net outflow of about 1,310 BTC from the ETF custody address after the opening of the U.S. stock market next Monday (4/29):

◎ Outflow: Grayscale (GBTC) and other three ETFs outflowed about 1,395 BTC (corresponding to the outflow of funds on April 26 of $89.04M);
◎ Inflow: Ark Invest (ARKB) inflowed about 85 BTC (corresponding to the inflow of funds on April 26 of $5.43M).

Currently, the total number of BTC held by the eleven BTC spot ETFs is: 833,562 BTC ($53.21B).

James Fickel's ETH/BTC exchange rate long position continues:
1 hour ago he continued to borrow 40 BTC ($2.51M) from Aave and sold it for 806 ETH.

From the beginning of January this year to now, he has borrowed a total of 2,301 WBTC ($145M) from Aave and sold it for 41,944 ETH. The ETH/BTC exchange rate cost is about 0.055.

Sun Ge continues to transfer 85.53 million USDT to Binance, and may continue to purchase ETH:
4 hours ago, Sun Ge's Tron address (TXN...752) redeemed 85.53 million USDT from JustLend and immediately transferred it to Binance.

Address: TXNL4eGs4QkXdaBVhcedRkaV6KoydPD752

The Arkham mark belongs to the address jrf.eth of James Fickel, the founder of Amaranth Foundation. Six hours ago, he spent 25 million USDC to buy 7,913 ETH at an average price of 3,159.

jrf.eth is an ETH believer and has been long the ETH/BTC exchange rate since early January this year:

He borrowed 2,261 WBTC ($145M) from Aave by mortgaging ETH, and then sold it to buy 41,138 ETH. The ETH/BTC exchange rate cost is 0.055.

The current ETH/BTC exchange rate is 0.049, which means that his exchange rate long position currently has a floating loss of about $16M (-11%).

Address:
jrf.eth
0xd85351181b3f264ee0fdfa94518464d7c3defada

On April 25, the overall net outflow of funds from the eleven BTC spot ETFs was $177.28M, which corresponds to a net outflow of about 2,742 BTC from the ETF custody address after the opening of the US stock market tonight (4/26):

◎ Outflow: Four ETFs including Grayscale (GBTC) outflowed about 3,083 BTC (corresponding to an outflow of $199.31M on April 25);
◎ Inflow: Two ETFs including Valkyrie (BRRR) inflowed about 341 BTC (corresponding to an inflow of $22.03M on April 25).

Currently, the total number of BTC held by the eleven BTC spot ETFs is: 836,764 BTC ($54.12B).

The largest individual/institutional holder of SNX-crypto investment institution Framework Ventures may have sold 6 million SNX ($24.03M) at an average price of $4 in the past 49 days.

◎ Framework Ventures has accumulated 27.18 million SNX from the Synthetix reward custody contract since October 2021.
◎ In the past 2 months, Framework Ventures transferred 6 million SNX from the OP network back to the ETH mainnet and then transferred it to Coinbase Prime.
◎ Framework Ventures still holds 17.29 million SNX ($50.68M) on the OP network and is currently the largest individual/institutional holder of SNX.

Address: 0xa5f7a39e55d7878bc5bd754ee5d6bd7a7662355b

After the market fell tonight, the 0x435...7cb address (should belong to Sun Ge), which has been withdrawing ETH from Binance recently, continued to withdraw 21,547 $ETH ($67.27M) from Binance 10 minutes ago.

The 0x435...7cb address has purchased a total of 176,117 ETH ($552M) through Binance withdrawal + on-chain purchase since April 1, with an average price of $3,138.

BNB welcomes the 12th new coin mining project in 2024 - Renzo (REZ). In 2024, BNB will launch two and a half new coin projects per month on average, focusing on an endless supply.

Introduction to Renzo
In layman's terms, Renzo collects ETH and other LST from everyone and then deposits them in EigenLayer.
The advantages of depositing through Renzo over depositing directly in EigenLayer are:
1. Better liquidity: You deposit ETH or other LST in Renzo, and you will get the same amount of ezETH. You can take ezETH to other platforms to continue to nest or sell. Direct deposit into EigenLayer will lock liquidity;
2. Killing two birds with one stone: In addition to EigenLayer points, ETH or other LST deposited into EigenLayer through Renzo will also receive Renzo points, while direct deposit into EigenLayer will only receive EigenLayer points.

Price prediction
Renzo (REZ) will be the second re-staking project launched on Binance. Ether.fi (ETHFI), which is on the same track, of the same type, and with a similar TVL, has already been launched on Binance (also launched through Launchpool), so the market value of ETHFI can be used as a reference to estimate the price of REZ.
ether.fi (ETHFI) TVL $3.8 billion, circulating market value $420 million, market value/TVL ratio 0.11.
If the valuation is calculated in this way, Renzo's $3.3 billion TVL corresponds to a circulating market value of $360 million. The initial circulation of REZ is 1.05 billion, so the corresponding price is about $0.35.
The current price of REZ on the OTC platform whales is $0.354, proving that the market tends to favor this valuation method.

Do you think the price of $0.35 and the circulation market value of $360 million are reasonable for Renzo (REZ)? What is your expected selling/buying price for REZ?

Excluding EigenLayer, the top one and two TVL projects in the re-staking track (ether.fi and Renzo) have been listed on Binance, and the re-staking projects that have not yet issued coins include Puffer/Kelp DAO/Swell, etc. Which re-staking project do you think will be listed on Binance next?

The whale may have lost $1.41M on ENA:

He withdrew a total of 9.33 million ENA ($10.98M) from Binance at a price of $1.176 from 4/5 to 11 and deposited it into Ethena for staking.

1 hour ago, he redeemed 4.33 million ENA ($3.7M) and transferred it to Binance, and may have sold it at a price of $0.85 to realize a loss of $1.41M.

He currently still has 5 million ENA ($4.28M) in Ethena staking.

Address: 0x03b3E2069830DD3BD1a5b5e45dAd60A770227eD7

BlackRock (IBIT) broke its record of maintaining net capital inflow for 71 consecutive trading days: BlackRock (IBIT) had no capital inflow last night (4/24).
Maybe last night (4/24) was also the day with the least capital inflow (not net inflow), with only $9.78M inflow.

------------------------------------------------------------
On 4/24, the net outflow of funds from 11 BTC spot ETFs was $120.64M, which corresponds to a net outflow of about 1,886 BTC from the ETF custody address after the opening of the US stock market tonight (4/25):

◎ Outflow: Grayscale (GBTC) outflowed about 2,039 BTC (corresponding to an outflow of $130.42M on 4/24);
◎ Inflow: The remaining ten ETFs inflowed about 153 BTC (corresponding to an inflow of $9.78M on 4/24).

Currently, the total amount of BTC held by the eleven BTC spot ETFs is: 838,964 BTC ($53.65B).

At the same time as the 0x435...7cb address withdrew ETH from Binance, the TRON address belonging to Sun Ge (TYv...h7y) also continued to redeem 45.35 million USDT from JustLend and transferred it to Binance.

It seems that the purchase of ETH will continue.

Address: TYvDwpQEtmKU9tM1Qh4n3NAE9v5Xp9zh7y

6 hours ago, the 0x435...7cb address (should belong to Sun Ge), which has been withdrawing ETH and stablecoins from Binance recently, continued to withdraw 7,127.9 ETH ($22.28M) from Binance.

This address has purchased a total of 154,570 ETH ($490M) through Binance withdrawal + on-chain purchase since April 1, with an average price of $3,140.

Address: 0x43594da5d6a03b2137a04df5685805c676def7cb

On April 23, the net inflow of funds of 11 BTC spot ETFs was $31.64M, which corresponds to a net inflow of about 476 BTC to the ETF custody address after the opening of the US stock market tonight (4/24):

◎ Outflow: Grayscale (GBTC), Invesco (BTCO), VanEck (HODL) outflowed about 1,039 BTC (corresponding to the outflow of funds on April 23 of $69.09M);
◎ Inflow: The inflow of the remaining eight ETFs was about 1,515 BTC (corresponding to the inflow of funds on April 23 of $100.73M).

Currently, the total number of BTC held by the 11 BTC spot ETFs is: 839,317 BTC ($55.78B).

Investment institution Arca withdrew YGG and PENDLE worth $8.23M from Binance 7 hours ago.

◎0x992...F6a address withdrew 4.919 million YGG ($4.67M) at a price of $0.95;
◎0xa8b...a49 address withdrew 549,000 PENDLE ($3.56M) at a price of $6.5.

Address:
0x992ec71207c9e183e64c81461908f1a1a783af6a
0xa8b087fc770a634dd2d7fe71eb1fa898af3c7a49 ​​​

7 hours ago, the address that has been withdrawing ETH and stablecoins from Binance recently (should belong to Brother Sun) continued to withdraw 15,388 ETH ($49.5M) from Binance.
And Brother Sun's Tron address (TYvD...zh7y) transferred 45 million USDT to Binance yesterday morning.

This address (0x435...7cb) has purchased a total of 147,442 ETH ($476M) since April 1, with an average price of $3,140.

Brother Sun may have purchased a total of 339,187 ETH ($1097M) through 3 addresses since December 26, 2023, using CEX withdrawal + on-chain purchase, with an average price of about $2,955.

The address that has been withdrawing ETH and stablecoins from Binance recently: 0x43594da5d6a03b2137a04df5685805c676def7cb
The address where Tron transfers USDT to Binance: TYvDwpQEtmKU9tM1Qh4n3NAE9v5Xp9zh7y

On April 22, the net inflow of funds of 11 BTC spot ETFs was $62.09M, which corresponds to a net inflow of about 934 BTC to the ETF custody address after the opening of the US stock market tonight (4/23):

◎ Outflow: Grayscale (GBTC) outflowed about 525 BTC (corresponding to the outflow of funds on April 22 of $34.99M);
◎ Inflow: The inflow of the remaining ten ETFs was about 1,459 BTC (corresponding to the inflow of funds on April 22 of $97.08M).

Currently, the total number of BTC held by the 11 BTC spot ETFs is: 837,908 BTC ($55.8B).