Hut 8 Funnels $161 Million in Bitcoin to Exchanges

A wallet tied to Hut 8 has pushed nearly 2,000 BTC toward exchanges and trading desks in seven days, emptying itself by early Friday. Following the Coins The trail starts in custody, and Arkham labelled the source addresses as Hut 8’s Coinbase Prime custody wallets. From there, the coins hopped to a single intermediary address […]
Key Takeaways
- A wallet tied to Hut 8 has pushed nearly 2,000 BTC toward exchanges and trading desks in seven days, emptying itself by early Friday.
- Following the Coins The trail starts in custody, and Arkham labelled the source addresses as Hut 8’s Coinbase Prime custody wallets.
- From there, the coins hopped to a single intermediary address […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Exchange

Ripple opens Wall Street’s door to Hyperliquid’s $59 billion trading market
Institutions trade swaps referencing more than 100 traditional financial markets around the clock, with Ripple Prime as the principal counterparty, Ripple announced on Oct. 15. The swaps cover stocks, equity indices, ETFs, metals, energy and foreign exchange,…

XRP Is Outtrading Bitcoin and Ether on South Korea’s Biggest Exchange
XRP topped Upbit’s spot volume in snapshots taken more than seven hours apart, beating bitcoin and ether in won trading even as its price drifted lower subsequently. The Numbers The first snapshot circulated yesterday evening (U.S. time) ranked Upbit’s top…

Bitcoin’s $80K Safety Net Held Once but Glassnode Says It Is Eroding
Big buyers caught bitcoin at $80,000 on Thursday, but Glassnode’s order book data shows the bids under that level are getting thinner. A Day on the Order Book Glassnode posted a heatmap of resting orders on the Binance BTC/USDT spot book from Oct. 15, and…