According to the source, former FTX US president Brett Harrison plans to launch a perpetuals exchange focused on traditional assets and aims to avoid risks seen in crypto markets, per the announcement. The source states the venue will list perpetual contracts tied to traditional assets rather than crypto spot tokens. The source does not disclose launch timing, jurisdiction, regulatory approvals, margin framework, or product list, leaving key trading parameters and market access details unspecified.

According to EmberCN, a whale or institutional address that had been inactive for 15 months transferred all its ETH (10,281 ETH worth $24.7M) to Coinbase 30 minutes ago, possibly preparing for a sell-off. The ETH was mainly withdrawn from FTX US, Gemini, Coinbase, and Kraken at an average price of $1,504 during 2022-2023. If sold, the whale could realize a profit of $9.23M.

According to EmberCN, a whale or institutional address that has been inactive for 15 months moved its entire holding of 10,281 ETH, worth $24.7 million, to Coinbase 30 minutes ago, suggesting a potential sell-off. The ETH was primarily acquired at $1,504 each from exchanges like FTX US, Gemini, Coinbase, and Kraken during 2022-2023. If sold, the whale could realize a profit of $9.23 million.