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Investment management giant Fidelity has triggered possible Ethereum (ETH) sell-off jitters after transferring $54 million worth of the asset to Coinbase. In this transaction, a wallet previously funded by Fidelity Custody moved 10,000 ETH and 4,978 ETH to Coinbase within a five-minute window, according to Arkham Intelligence data provided on August 5. Fidelity Ethereum transfer to Coinbase. Source: Arkham The transfers, valued at approximately $35.77 million and $17.8 million respectively, came just hours after the same wallet received a 6,000 ETH deposit from a Fidelity-linked address. This sequence of events has raised concerns that Fidelity or a related custodian may be preparing to liquidate a significant Ethereum position. Notably, the wallet involved in these transactions has been active over the past month, receiving inflows from major custodians and transferring assets to hot wallets associated with exchanges. The timing and size of the most recent transf...

After losing $100 million on leveraged Hyperliquid trades earlier this year, James Wynn returned to social media to brag about shorting bitcoin (BTC). Immediately, BTC then rallied to an all-time high and liquidated him. Soon after his return to X, he confidently opened a 40X bearish leveraged position worth about $1.5 million at the time, with a liquidation price of $108,630 per BTC. In the hours before Hyperliquid’s market-makers liquidated him, observers called his bet a “bold hedge” and a “massive risk.” He paid no mind. His X posts implied that he genuinely thought BTC’s price would plummet quickly enough to make his dangerous short position worth it. Unfortunately, BTC rallied against Wynn, surpassing $116,000 on Thursday. His initially confident “I smell a black swan” quickly devolved into another plea for help, “Got $100 to spare.” During his quick demise, he managed to promote a few obscure memecoins and posted various controversial politic...

The global non-fungible token art market has been experiencing an up-and-down swing since its inception in 2020, evolving from niche enthusiasm to mainstream frenzy before facing a brutal steep decline. An in-depth Analysis has revealed that the NFT art market has fallen by over 90%, with its trading volume falling from $2.9 billion in 2021 to just $23.8 million as of Q1 2025. In this article, we shall discuss what went wrong. NFT Art Sales Fall In Q1, Down +90% Since 2021 On March 27, 2025, DappRadar, the digital asset platform providing a comprehensive hub for discovering, tracking, and managing decentralized applications, NFTs, DeFi projects, and other web3 assets while offering data and insights to users and industry partners, shared a report about the NFT art market. The data analytics report found that the trading sales volume for the NFT Art market has plummeted by more than 90%, falling from a record high of $2.9 billion to $23.8 million in Q1 2025. 📉 In 2021, ...