| Time | Details |
|---|---|
| 2024-08-23 02:03 |
El Salvador's Ongoing Bitcoin Accumulation Strategy
According to @EmberCN, El Salvador has been purchasing 1 Bitcoin (BTC) daily for over 5 months, accumulating 160 BTC worth approximately $10.31 million. The government’s cold wallet address has been consistently buying BTC since March 16, bringing the total holdings to 5,850 BTC, valued at around $355.83 million. (Source) |
| 2024-08-27 14:36 |
Binance Cold Wallet Transfer Noted by EmberCN
According to EmberCN, a notable transaction involving Binance's cold wallet occurred five hours ago. This transfer has garnered attention and may have implications for Binance's liquidity management or other strategic movements. (Source) |
| 2024-12-27 06:41 |
Bithumb Wallet Management and Usage Explained
According to Ki Young Ju, the wallets in question are owned by Bithumb and not personal wallets. Typically, a crypto exchange's hot wallet manages user deposits and withdrawals, while a cold wallet stores assets that do not require frequent transactions. Each exchange operates its hot and cold wallets differently. For instance, some keep company revenue assets in cold wallets and only user assets in hot wallets, or they store most customer assets in cold wallets and transfer only necessary amounts to hot wallets for withdrawals. In Bithumb's case, the exchange replenishes its hot wallet for customer withdrawals by distributing 10-20 BTC from a cold wallet into several UTXOs. Therefore, the mentioned 'A' wallet is a hot wallet for withdrawals, and the 'B' wallet is part of a cold wallet cluster. (Source) |
| 2024-12-27 06:41 |
Bithumb Wallet Management: Hot and Cold Wallet Operations
According to Ki Young Ju, the wallets in question belong to Bithumb and are not personal wallets. Typically, an exchange's hot wallet is used for processing user deposits and withdrawals, while the cold wallet stores assets that do not require frequent transactions. Each exchange has different strategies for managing these wallets. For instance, some might store company revenue in cold wallets and user assets in hot wallets, or keep most customer assets in cold wallets and transfer only the necessary amount to hot wallets for withdrawals. In Bithumb's case, their process involves replenishing hot wallets for customer withdrawals by transferring 10-20 BTC from a cold wallet to a specific hot wallet in several UTXOs. Thus, Wallet A is identified as a withdrawal hot wallet, and Wallet B is part of the cold wallet cluster. (Source) |