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Over 200,000 ETH Withdrawn from Exchanges in a Week—What Does This Wave of Withdrawals Signal?

[BlockBeats] In the past week, there has been a significant wave of Ethereum withdrawals from centralized exchanges. According to tracking data from Coinglass, as of December 7, over 206,400 ETH have flowed out from major CEXs in the past seven days.
Leading this withdrawal wave is a top exchange, with 92,300 ETH withdrawn from its platform alone, accounting for nearly half of the total. Closely following is the compliant platform Kraken, with 79,400 ETH outflows. Another mainstream exchange also contributed 36,000 ETH to the outflow.
Interestingly, not all platforms are seeing outflows. One exchange actually attracted a net inflow of 2,271.69 ETH against the trend, making it the only net gainer during this period.
Such large-scale ETH withdrawals from exchanges usually indicate that holders are opting for self-custody or moving to on-chain operations. The underlying shift in market sentiment is worth paying attention to.
ETH0.29%
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DAOdreamervip:
Another withdrawal rush again? Why is this happening again? You should have started self-custody a long time ago.
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a16z warns: Bitcoin quantum-resistant upgrade is imminent, hundreds of billions of dollars at risk

[BlockBeats] On December 7, a16z published an article discussing an urgent topic: Can Bitcoin withstand attacks from quantum computers? The conclusion is rather pessimistic—if we don't upgrade to quantum-resistant signatures now, it might be too late in the future.
Where's the trouble? Two major issues. The first is efficiency lag. Bitcoin is notorious for slow upgrades, and if the community can't reach consensus, it's easy to end up with a hard fork. Just look at historical disputes to see how tough it is. Now, to push a quantum-resistant solution, even reaching consensus could take an unknown amount of time.
The second issue is even more critical—migration relies on self-initiative. Unlike some chains that can enforce upgrades, Bitcoin holders must manually move their coins to new addresses. Here's the problem: What about those wallets that have been dormant for years? Satoshi's coins, coins with lost private keys, coins whose owners have passed away... all of these are exposed to quantum threats.
a16z estimates that there are several million high-risk Bitcoins, worth hundreds of billions of dollars at current prices. If quantum
BTC-0.04%
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CommunityLurkervip:
Bro, just looking at this situation feels pretty hopeless... Hundreds of billions of dollars get hit like this, and it still relies on people to voluntarily migrate. This logic really is a bit absurd.
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SEC Chairman: The Financial System Will Shift to Cryptocurrency Within a Few Years

[Chain News] Just saw some pretty shocking news—a direct statement from the US SEC Chairman in a recent interview.
He said that the entire financial system will shift toward Bitcoin and cryptocurrencies in the coming years, and specifically emphasized, "This is the future of the world." Hearing this from the mouth of the SEC Chairman carries a lot of weight. You have to know, the SEC has always been a strict regulator of the crypto industry, so for the top official to publicly express this attitude is, in a sense, a reassuring sign for the industry.
The boundaries between traditional finance and the crypto world may really be blurring at an accelerated pace.
BTC-0.04%
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NoStopLossNutvip:
Wait, did the SEC Chairman really say this himself? This shift is way too fast, something feels off.
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XRP launches smart custody feature, but 45% of supply is under regulatory scrutiny

XRP is about to launch smart custody features, adding programmable conditional logic and enhancing automation capabilities. However, current XRP price volatility and the impact of regulatory proposals pose challenges to its future development.
ai-iconThe abstract is generated by AI
XRP0.44%
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MEVSupportGroupvip:
Smart custody sounds good, but isn't releasing it at this time a bit like being a Monday morning quarterback? The regulatory sword is still hanging over our heads.
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SEC Chair Gensler Speaks Out Again: Crypto Market Needs Stricter Regulation to Prevent the Next FTX

【币界】SEC主席加里·根斯勒最近又发声了。这位监管大佬明确表态:加密市场必须要有更严格的监管框架。
他提到的理由也很直接——为了避免再出现FTX那样的灾难性崩盘。毕竟去年FTX的雷,让多少人血本无归,整个行业的信任度都受到重创。
根斯勒一直以来对加密行业的态度都比较强硬,这次表态也算是延续了他的一贯立场。市场到底需要什么样的监管?这个话题估计还得继续争论下去。
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LayerZeroHerovip:
Old tricks in new scenarios
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Franklin Templeton's XRP Spot ETF Holdings Surpass 63 Million in First Week

Franklin Templeton's XRP spot ETF performed well within its first week of listing. As of December 5, the number of XRP under management approached 63 million, with a market value of approximately $127.8 million. The total net assets reached $125.6 million, and the circulating shares increased to 5.7 million, indicating strong market acceptance of the ETF.
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XRP0.44%
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PanicSellervip:
Damn, 63 million in a week? Traditional finance is really entering the market this time.
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An executive from a leading exchange stated: Employees are prohibited from participating in token issuance, and community members issuing tokens to ride the hype have no connection with the platform.

The co-CEO of a leading exchange clarified that the platform has no connection with the token project and emphasized that employees are not allowed to participate in token issuance. Official Twitter content is managed by the operations team, and statements may be misunderstood. Employees are encouraged to innovate, but this does not involve tokens. Lastly, investors are reminded to be aware of risks.
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NoodlesOrTokensvip:
These people in the community are really something. No matter what the official account tweets, they can always read into it as a token launch signal. Their ability to catch keywords and create memes is top-notch.
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A whale spent $3.3 million in three days to buy PIPPIN, with an unrealized profit of $740,000.

【币界】12月6日消息,一条大鱼最近动作挺猛。链上数据显示,有个巨鲸在三天内砸了23,736个SOL进场,折合330万美金左右,全仓扫进了PIPPIN这个币。
买入成本也不高,均价0.2刀,总共拿了1635万枚筹码。现在账面已经浮盈超74万美金了,收益率还挺可观。
这种量级的建仓,要么是对项目有强信心,要么就是在布局什么。反正普通玩家看到这种数据,多少得留个心眼——巨鲸的嗅觉,有时候比技术分析还准。
PIPPIN-34.43%
SOL-0.03%
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ImpermanentTherapistvip:
I was wondering why the whale suddenly started accumulating; turns out they sensed it early on.
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TRX key support level breached, weekly bearish signals at full strength

【币界】TRX这波走势有点悬了。两年多的抛物线支撑说破就破,连0.315美元这道关也没守住,这架势摆明了要往下探。周线级别更不乐观——RSI和MACD双双出现背离,空头信号拉满,0.220美元这个位置大概率要去测一测。
日线图倒是有点意思,双底结构隐约成型,背离也偏多头,但就算真有反弹,估计也就打到0.30美元就熄火了。现在这个位置,多头根本没啥想象空间,阻力位卡得死死的。技术面全面转空的情况下,短期内想翻身?难。
TRX-0.61%
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CommunitySlackervip:
Dropping again? TRX is really done for this time. Even the support level has been broken, and you still expect a rebound? Keep dreaming.
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Power Protocol perpetual contracts are launching today, supporting up to 20x leverage trading.

A leading exchange launched the Power Protocol (POWER) USDT-margined perpetual contract on December 6, supporting up to 20x leverage and increasing trader flexibility. Investors should carefully manage risk to address the challenges brought by high leverage.
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RektButStillHerevip:
20x leverage? This looks like another round of harvesting retail investors. I bet five bucks there will be an incident within a week.
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The most profitable from mining isn't even the miners? #数字货币#Virtual currency#加密货币#mining#cryptocurrency mining farm
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