「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

Per Onchain Lens monitoring, Antalpha transferred 1,000 XAUT (valued at ~$5 million) to Bybit 13 hours ago on February 21, with the transaction likely intended for selling. The entity still holds 59,033 XAUT, worth roughly $300.69 million.

On February 21, Tether announced it will discontinue support for CNHT—an offshore Chinese yuan stablecoin—in two phases, aiming to align its product suite with real-world use cases, long-term sustainability, and community demand. ### Key Details: - **Immediate**: Halt all new CNHT issuances. - **1 year post-announcement**: End CNHT redemptions (advance notice will be provided before the deadline). Tether cited shifting market conditions, low product adoption, and limited community demand for the move. “CNHT usage is insufficient to justify the ongoing operational support needed to meet Tether’s product standards,” the company noted. CNHT holders are advised to redeem their holdings before the deadline. Moving forward, Tether will focus on stablecoins and infrastructure with strong organic adoption and long-term relevance, including core stablecoin liquidity, tokenization infrastructure, and new financial tools.

February 21 The SEC this week made minor updates to its “Broker-Dealer Financial Responsibility” FAQ, allowing SEC-regulated broker-dealers to count held stablecoins toward regulatory capital. “This isn’t a new rule, but it’s reduced uncertainty for institutions looking to operate in compliance with current securities laws,” said Digital Chamber of Commerce CEO Cody Carbone. Tonya Evans—head of a crypto education institution and Digital Currency Group board member—wrote on X: “This means stablecoins are now treated the same as money market funds on a company’s balance sheet. Before, some broker-dealers would zero out stablecoin holdings in capital calculations; holding them was a financial penalty, and that’s now over.” Previously, stricter SEC restrictions made it hard for registered broker-dealers to custody tokenized securities or act as intermediaries. Ethena Labs Deputy General Counsel Larry Florio noted on LinkedIn: “From Robinhood to Goldman Sachs, everything hinges o

On February 21, former President Donald Trump signed a proclamation imposing temporary U.S. import tariffs. Per the proclamation, a 10% tariff will apply to U.S. imports for 150 days, going into effect at 12:01 a.m. Eastern Standard Time (EST) on February 24. Goods exempt from the new tariffs include: - Certain critical minerals, metals used for currency and bullion, energy and energy products; - Natural resources and fertilizers the U.S. cannot grow, mine, or otherwise produce in sufficient quantities to meet domestic demand; - Selected agricultural products, pharmaceuticals and pharmaceutical raw materials, and certain electronic products; - Passenger vehicles, specific light trucks, and certain aerospace products. Separately, the White House issued an executive order terminating certain tariff measures. Additional tariffs imposed under the International Emergency Economic Powers Act (IEEPA) will no longer be in effect and will be discontinued as soon as practicable.

February 21 — Per Onchain Lens monitoring, a new wallet linked to Bitmine (0x1AE) has received another 17,222 ETH from Kraken, valued at $34.7 million. The wallet now holds a total of 27,722 ETH, worth approximately $54.57 million.

On February 21st, Onchain Lens monitoring data shows whale address 0xaCB deposited $5 million USDC into HyperLiquid, expanded its 4x-leveraged GOLD short position, and opened a new 3x-leveraged SILVER short position. Current holdings are as follows: - 2,978.17 GOLD (worth $15.21 million) - 97,085.91 SILVER (worth $8.22 million)