CRYPTO BREAKING NEWS! (27/8/24)

✦ A notable whale has resumed activity after a month-long dormancy. According to Lookonchain, the whale deposited 700,000 WIF (worth $1.25 million) into marginfi and then borrowed 197,000 USDC to purchase an additional 110,000 WIF. Currently, the whale holds a total of 3.3 million WIF, valued at approximately $5.94 million.

✦ Nasdaq and CF Benchmarks have applied to the U.S. SEC for approval to list and trade Nasdaq Bitcoin Index Options (XBTX). If approved, these options will allow investors to manage and hedge their cryptocurrency investments, potentially increasing the maturity and liquidity of the Bitcoin market.
$WIF