🚀💰 The big return of big investors! Crypto trading firm Cumberland dives into the market with an astronomical sum of $95 million! 😲🔥
In the midst of the crypto storm, Cumberland is taking advantage of the current downturn to make a big move. On August 7, blockchain analytics platform Lookonchain revealed that the firm received 95 million Tether (USDT) from the stablecoin issuer's treasury. Right after, Cumberland re-injected these funds into several leading crypto exchanges such as Coinbase, Kraken, and OKX. Since October 2023, the company has already injected approximately $6.28 billion into the crypto markets!
Cumberland, a subsidiary of DRW, is making a name for itself by taking advantage of market opportunities. After obtaining its BitLicense on June 17, the company is now authorized to operate in the digital currency sector in New York.
🔍 Why the massive investment now? The answer lies in the recent crypto market crash: on August 5, we witnessed the largest three-day sell-off of the year, wiping out over $500 billion in market cap. This fall came in parallel with the depreciation of stocks and disappointing results from American tech giants like Microsoft and Nvidia.
But Cumberland is not alone in this strategy. The market's "whales," those big investors, have acquired nearly $23 billion in Bitcoin ($BTC ) in the last month. And that's not all! Hackers are not standing still: after the Nomad Bridge hack in 2022, criminals spent stolen cryptocurrencies to buy 16,892 Ether ($ETH ), which they then laundered via Tornado Cash.
The question is: will you be willing to take advantage of this opportunity or will you let the bandwagon pass you by?
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