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Crypto

Wintermute expands XRP short position, betting against 49 percent rally

Crypto market maker Wintermute has built large short positions in XRP and Hyperliquid, with its XRP short exceeding $10 million, according to on-chain data tracked by Onchain Lens and cited by U.Today. Wintermute’s overall short exposure rose by about $45 million since the prior tally. XRP has gained 49.24 percent over the past seven days, while open interest reached $3.61 billion. Derivatives positioning broadly leans long, though Wintermute’s XRP short is about 0.28 percent of total open interest.

Crypto

BitMart withdrawal delays spark user funds concerns after closure announcement

Concerns are rising over possible withdrawal delays after BitMart announced plans to shut its exchange. The company has halted new sign-ups, deposits and order intake and will end trading services on Aug. 26 before an official closure on Jan. 31, 2027. Some customers and projects say they cannot withdraw funds. On-chain trackers reported asset movements and limited large withdrawal activity. BitMart warned withdrawal reviews could take longer and set KYC and withdrawal request deadlines.

Crypto

Dormant Ethereum wallet awakens after 11 years, a sign of an ETH rebound?

A dormant Ethereum wallet dating back to the pre-mine era has moved again after 11 years, drawing market attention. Whale Alert said a pre-mine address holding 2,000 ETH was reactivated, with holdings now worth about $3.79 million, compared with about $620 in 2015. Similar reactivations have occurred this year, and Whale Alert also tracked long-dormant Bitcoin wallets moving again. Institutional Ethereum buying has continued, including additional purchases by Bitmine.