Goldman Sachs Bitcoin, Three Arrows Capital buy $ 400 million ETH

Market situation

The price of BTC was mostly around $ 50,000 yesterday. Same price as the day before. Altcoins aren’t very volatile either, some altcoins have risen slightly.

The number of futures orders on the market increased slightly. And the funding rate is still at (-0.0035).

The BTC amount will continue to be withdrawn from the exchange more than it is deposited on the exchange. ETH is similar, the ETH amount withdrawn from the exchange is greater than the amount deposited on the exchange.

The market also received good news from the CEO of leading investment bank Goldman Sachs. David Solomon, CEO of Goldman Sachs, predicts that momentum in the equity markets is likely to slow in the coming years.

At BTC, he also believes that the real meaning of Bitcoin lies in how it has propelled financial services towards digitization. He does not think that BTC is the most important, but rather the beginning of crypto-related technological developments. CEO David Solomon added that this bank is helping clients buy and sell crypto for those in need.

Does the CIA study and operate in the crypto market?

There have been some rumors lately that the US Secret Service (CIA) created Bitcoin. Director William Burns said the CIA may not have invented Bitcoin, as conspiracy theorists claim, but it is running a number of crypto projects and research. The agency also wants to know about crypto to combat money laundering or crypto-related crime.

Gavin Andresen, who has been a supporter of BTC development since the beginning, often contacts Satoshi Nakamoto through the Bitcoin forum. In April 2011, Gavin was invited to the CIA to speak about Bitcoin in June, after which Satoshi disappeared without a trace. So many people think the CIA is behind BTC. This agency has also informed and confirmed that this is not the case.

New York can have casinos with crypto exchanges

New York State is in a negative budget state. On December 10, asset manager Jason Ader will present plans for a casino near New York that he believes will be the world’s largest cryptocurrency exchange and landing site.

Ader, a former casino analyst, said the project will also include an esports arena and spaces for events like New York Fashion Week. The project, which could be worth $ 3 billion or more depending on the location, has yet to be determined.

A Manhattan casino has attracted protests from local lawmakers. This information could lead to deepening thinking about crypto in relation to gambling. copper

Three Arrows Capital is buying a lot of ETH

Three Arrows Capital, a crypto hedge fund founded by Su Zhu and Kyle Davies in 2012, received $ 400 million worth of ether over the weekend. The move comes just weeks after co-founder Su Zhu “gave up” Ethereum because of the high fees for new users.

Wu Blockchain, a Chinese crypto reporter, tweeted that 97,477 ETH were transferred from the FTX, Binance and Coinbase crypto exchanges to a wallet marked by Nansen as belonging to Three Arrows Capital. Nansen.

Then Three Arrows Capital confirmed that they had bought back ETH as described above. The reason for this is that the price of ETH is going down and ETH is still being burned. They saw an opportunity for growth in ETH and bought it.

It can be seen that when a company responds to the crypto market, we not only look at that information, but also see how that company does it.

Some other information:

• The former Google CEO is now a strategic advisor to Chainlink Labs. Having previously described Bitcoin as “a remarkable cryptographic feat” and with an estimated net worth of $ 23.6 billion, Schmidt is likely one of the wealthiest people to play a role.
• Major game publisher Ubisoft will be implementing in-game NFT elements in its games, starting with Tom Clancy’s Ghost Recon Breakpoint. Ubisoft’s Quartz NFT platform runs on Tezos, a proof-of-stake blockchain platform.
• After Sundeaswap’s public test network, IOHK has just announced the launch of the public test network for the ERC20 converter function. Users can convert AGIX coins in the ETH network to AGIX in the Cardano network.
• Nexo is partnering with Fidelity to provide institutional clients with access to digital assets. Through the partnership, Nexo will focus on providing loan and custody services to the institutional market.