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The United States government transfers $33.6 million in digital assets from funds confiscated from FTX and Alameda Research, according to blockchain records. The transfers, made this Tuesday, include 5,024 ETH (approximately $18 million) sent to two unidentified addresses beginning with “0x9cd” and “0x9ac.” According to data from Arkham Intelligence.
Additionally, government wallets, labeled “FTX Alameda Confiscated Funds,” moved $13 million in BUSD, $1.5 million in SHIB, and various tokens such as AERGO, AXS, COMP, and WBTC to the same addresses.
This movement coincides with a bullish period in the crypto market, where Ethereum has registered an increase of 0.3% in the last 24 hours, trading at USD 3,643. A significant increase from the USD 2,460 registered a month ago.
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Bitcoin ETF boom in the United States, inflows reach USD 676 million in a single day
Bitcoin exchange-traded funds (ETFs) in the United States have seen a significant increase in capital inflows. According to data from SoSoValue, inflows of almost $676 million were reported on Tuesday, almost double the $353.67 million recorded the previous day. Consolidating a historic moment for the digital asset market.
Currently, asset managers behind spot Bitcoin ETF contracts in the United States manage a total of $104.25 billion in net assets. Which is equivalent to approximately 1,076,609 BTC, a figure close to that estimated in the wallets attributed to the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
The iShares Bitcoin Trust ETF (IBIT), managed by BlackRock, topped the list with $693.25 million in net inflows in a single day. Consolidating its position as a market leader. It is followed by the Fidelity Wise Origin Bitcoin Fund, with inflows of USD 52.17 million.
PancakeSwap launches SpringBoard: A tool to create tokens without coding
Decentralized exchange PancakeSwap has introduced SpringBoard, an innovative platform that allows users to launch crypto tokens on the BNB Chain without the need for technical knowledge or launch fees.
This tool, launched on December 4, seeks to democratize access to decentralized finance (DeFi) by reducing barriers to the creation of digital assets.
Among the notable features of SpringBoard is its “fair launch” mechanism, which ensures transparent token distribution by eliminating preemptions and private funding rounds. Additionally, the platform automatically matches new tokens with PancakeSwap liquidity, allowing them to be traded immediately without depending on other exchanges.
According to Chef Kids, lead developer at PancakeSwap, this initiative responds to a growing demand for simplified token creation tools. “SpringBoard is a complete ecosystem designed to launch projects simply, securely and reliably, supported by the PancakeSwap environment,” he said in a statement.
Martial law in South Korea shakes the crypto market
South Korean President Yoon Suk-yeol shocked the country by declaring emergency martial law on Tuesday night. A move that triggered a strong reaction in the Cryptocurrency markets.
The statement, made to “protect South Korea from threats from the North Korean regime and combat anti-state elements,” sparked a massive sell-off on exchanges such as Upbit, Bithumb and Coinone.
Bitcoin plummeted 12% on Upbit. While stablecoins such as Tether traded below their parity, reaching 1,200 won (equivalent to 0.84 USD).
The Upbit market index, which reflects the performance of the main tokens, recorded a cumulative drop of 13.28% in less than 24 hours. Popular altcoins such as XRP, Shiba Inu, and Dogecoin also experienced significant losses, reaching double digits.
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