Over the past month, Bitcoin whales have significantly increased their activity on the Binance exchange, depositing $7.5 billion—marking the highest level of inflows in a year. Analyst Martunn from CryptoQuant highlighted that this surge mirrors past patterns associated with heightened market volatility, such as the notable decline in Bitcoin’s value from around $102,000 to $70,000 in March 2025. In these turbulent times, large holders often transfer funds to exchanges as a strategy to realize profits or to hedge against downward market movements. The ongoing climb in the 30-day inflow metric suggests that selling pressure has yet to stabilize, indicating that investors should remain cautious as the risk in the market persists.
In a strategic move aimed at early-stage investments, Entrée Capital announced the successful raising of a new $300 million fund, thus increasing its total assets under management to $1.5 billion. This fund will focus on pre-seed to Series A investments across several sectors, including Artificial Intelligence, Deep Technology, Quantum Computing, and cryptocurrencies, particularly infrastructure and security.
In related news, a whale recently borrowed 5.5 million USDT from the Aave platform and purchased 60.07 WBTC at an average price of approximately $91,242.6. Analysis from on-chain expert @ai_9684xtpa revealed that the address involved has borrowed a total of 22.48 million USDT, leveraging WBTC as collateral.
In another significant transaction, Bitmine acquired 14,618 ETH from BitGo, valued at about $44.34 million. Meanwhile, QwQiao, co-founder of Alliance DAO, expressed skepticism about the long-term potential of Level 1 (L1) public chain tokens due to their commoditized nature and lack of distinct competitive advantages. He mentioned that chains such as Solana and emerging network Tempo are focusing on the application layer to bolster their market positions.
Responding to local needs, OKX and Binance each committed HK$10 million to support emergency relief efforts in Hong Kong following recent disasters. This philanthropic effort comes amidst ongoing discussions about international regulations, particularly after Interpol classified cryptocurrency-related fraud as a global criminal threat.
Data shows that one whale who accumulated WBTC and ETH through loans has recently liquidated a substantial portion of their holdings—a total of 18,517 ETH and 350 WBTC—taking a loss estimated at $35 million. This reflects the challenging conditions faced by those in speculative positions.
The UK financial sector is also evolving, as the Financial Conduct Authority (FCA) launched a project group for stablecoins, aiming to implement a regulatory framework to accommodate these digital assets. Parallelly, Aave’s founder hailed the UK’s “no profit, no loss” tax principle as a significant win for DeFi users, a change that aims to reduce tax burdens associated with lending and staking activities.
As the market evolves, Bitwise has updated its filing for a spot Avalanche ETF, proposing to facilitate staking functionality, while YZi Labs seeks to enhance the governance structure at CEA Industries, citing concerns over strategic execution and investor communication.
Noteworthy developments include the Wormhole Foundation’s investment of $5 million into W tokens, Balancer DAO’s discussions for recovery plans following a recent vulnerability, and Uniswap’s governance proposal aimed at unifying its operational strategies. With discussions surrounding various regulatory frameworks and innovations, the cryptocurrency landscape continues to witness rapid changes, showing both potential and inherent risks to investors.
