Soumen
@soumendas
Crypto Market Insights – March 17, 2025 North Korea’s Lazarus Group Moves Stolen Funds The Lazarus Group has converted its stolen ETH to BTC after the Bybit hack. The group now holds 13,562 BTC (~$1.12B), according to Arkham data. Bank of Korea Rejects Bitcoin in FX Reserves The Bank of Korea states that it has not reviewed Bitcoin as part of its foreign exchange reserves. Cites high volatility as a key reason for caution. OKX Temporarily Pauses DEX Aggregator OKX detected a coordinated effort by Lazarus Group to misuse its DeFi services. The platform has temporarily suspended its DEX aggregator to mitigate risks. MicroStrategy Buys More Bitcoin MicroStrategy acquired 130 BTC for $10.7M between March 10-16. Average purchase price: $82,981 per BTC. Another Meme Coin Controversy? Hayden Davis, known for launching tokens like $LIBRA & $MELANIA, is now linked to $WOLF. Speculation suggests ties to Jordan Belfort’s "Wolf of Wall Street."
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Soumen
@soumendas
Short Sellers Are Vanishing – CryptoQuant CryptoQuant reports a steady decline in short positions on exchanges. Could signal growing market confidence or a potential squeeze ahead. Arbitrum Launches 'Onchain Labs' for Early Projects Offchain Labs introduces Onchain Labs to support new dApps on Arbitrum. Backed by the Arbitrum Foundation, the initiative aims to fund and mentor early-stage developers. The "50x ETH" Whale Makes Its Biggest Short Bet A well-known high-leverage ETH whale is now in its largest short position ever on BTC. Position size: 6,211 BTC (~$517M) Entry price: $83,898 Margin: $17.8M bridged to Hyperliquid over 3 days (now fully allocated) Liquidation price: $85,559 Unrealized profit: $4.54M Meanwhile, the whale has cut BTC buy orders to just 557.67 BTC (~$35.55M), all set at $63,757.
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