PANews reported on January 29th that, according to AiYi, ETH briefly fell to $2805. 15 minutes prior, Trend Research withdrew 36.39 million USDT from Binance andPANews reported on January 29th that, according to AiYi, ETH briefly fell to $2805. 15 minutes prior, Trend Research withdrew 36.39 million USDT from Binance and
Trend Research added $36.39 million in margin, and is currently experiencing a paper loss of approximately $179 million.
News Brief
**PANews reported on January 29th that ETH momentarily plunged to $2,805.00. Interestingly, just a quarter-hour prior to this drop, Trend Research withdrew 36.39 million USDT from Binance, subsequently transferring it to DeFi lending platform Aave as collateral. Currently, the firm holds 661,272.65 ETH at an average entry point of approximately $3,104.36—meaning they're facing what analysts believe is an unrealized loss hovering around $179.00 million.**
PANews reported on January 29th that, according to AiYi, ETH briefly fell to $2805. 15 minutes prior, Trend Research withdrew 36.39 million USDT from Binance and deposited them in batches into the DeFi lending protocol Aave as margin. Trend Research currently holds 661,272.65 ETH, with an average cost of approximately $3104.36, resulting in a paper loss of approximately $179 million.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps
The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36
Trump-backed stablecoin hits $5 billion as first family cashes in
Trump Jr. has emerged as a vocal crypto advocate and operator, while World Liberty Financial has made USD1 the backbone of its decentralized finance platform.
Share
Crypto.news2026/01/30 04:30
Will Ripple be publicly traded? — Will Ripple be publicly traded?
Many readers search for ripple shares price expecting a company stock quote. That expectation is understandable because Ripple is a well-known brand in crypto,
Share
Coinstats2026/01/30 04:14