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<ul class="news-points wp-block-list" "wp-block-list"> 
 <li><strong>Bitcoin rebounds from $49K to $56K with increased activity from large investors.</strong></li> 
 <li><strong>Whales move $623M in USDT and USDC, suggesting new funds flow back into the crypto scene.</strong></li> 
 <li><strong>Binance CEO Richard Teng confirms a net inflow of $1.2 billion.</strong></li> 
</ul> 
<p>After a <a href="https://coinedition.com/bitcoin-price-drops-but-institutions-hold-strong/">challenging Monday</a> for crypto investors when Bitcoin hit $49K, a significant recovery march is now at large, and BTC has reclaimed $56K today. As the market recovery continues to build momentum, whales or large pocket investors are increasingly becoming active in the crypto market.</p> 
<p>Today, blockchain tracker Whale Alert called attention to the <a href="https://x.com/whale_alert/status/1820748275625988362" target="_blank" rel="nofollow">movement</a> of $373,655,324 USDT tokens in one transaction from an anonymous wallet to Binance, the largest crypto exchange.&nbsp;</p> 
<p>In a more recent <a href="https://x.com/whale_alert/status/1820795215592014174" target="_blank" rel="nofollow">update</a>, Whale Alert documented the movement of $250 million in USDC stablecoin, which was freshly minted at Circle’s Treasury. This transaction closely followed one $50 million in USDC minted 12 hours ago.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b5.png" alt="💵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 250,000,000 <a href="https://twitter.com/hashtag/USDC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#USDC</a> (250,275,000 USD) minted at USDC Treasury<a href="https://t.co/X7roaQaBHP" target="_blank" rel="nofollow">https://t.co/X7roaQaBHP</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1820795215592014174?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 6, 2024</a>
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<p>Before now, the crypto community last witnessed significant minting of USDC stablecoin on Aug…</p>
<p>The post <a href="https://coinedition.com/whales-dive-back-in-after-mondays-bloodbath-as-market-rebounds/">Whales Dive Back in After Monday’s Bloodbath as Market Rebounds</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Whales Dive Back in After Monday’s Bloodbath as Market Rebounds

Coin Edition

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