The $1.5 million SHIB tokens were seized from Alameda Research during FTX-related forfeitures.
No signs suggest the SHIB tokens were sold, with no exchange addresses linked.
A wallet linked to the United States government has moved
54,897,092,549 Shiba Inu (SHIB) tokens to a newly created Ethereum wallet.
Blockchain analytics platform Arkham Intelligence recorded the transaction on
December 3. Announcing the activity on X.
Meanwhile, Shiba Inu has been
bearish on the H4 chart, seeking support. The daily chart shows that the
price is having a correction.
Government Transfers Seized Shiba Inu
The transfer left the sending wallet, previously linked to
the US government, with no SHIB tokens. The receiving wallet, identified as
‘0x995,’ now holds digital assets valued at $33 million.
The US government obtained the SHIB tokens through the
seizure of assets from Alameda Research, a trading firm tied to the collapsed
crypto exchange FTX. The SHIB tokens were part of a broader forfeiture of over
$700 million in assets related to legal issues surrounding FTX and Alameda.
New Wallet Receives Seized Assets
Arkham’s data indicates the recipient wallet was recently
created. Its initial transaction included $1.061 million in AEGRO tokens,
received from the same government-linked address. Within two hours, the wallet
also accepted other digital assets, including 4,815 ETH, 13.58 million BUSD,
and 631,959 POWR tokens.
There is no indication the government sold its SHIB
holdings, as no exchange or OTC addresses are tied to the transaction. The
tokens remain in the recipient wallet.
SHIBUSD-H4 Price Heads Downward After Triple Top
SHIBUSD-H4 Chart, Source: TradingView
The H4 chart shows that SHIBUSD found resistance around
0.00003290 and consolidated for a while. After forming a triple top, the price
moved downward with strong momentum. Earlier, the price reacted at 0.00002350.
Buyers may wait for the price to find support at this level
and consider going long if a strong bullish reversal pattern forms. A bearish
breakout at 0.00002350, on the other hand, may increase bearish pressure.
SHIBUSD-Daily Undergoing Correction
SHIBUSD- Day Chart, Source: TradingView
The daily chart shows that after being bullish for some
days, the price faced rejection at 0.00003290. As of writing, it is undergoing
a correction. The 0.00002350 level may act as support, as the price previously
reacted strongly at this level.
A wallet linked to the United States government has moved
54,897,092,549 Shiba Inu (SHIB) tokens to a newly created Ethereum wallet.
Blockchain analytics platform Arkham Intelligence recorded the transaction on
December 3. Announcing the activity on X.
Meanwhile, Shiba Inu has been
bearish on the H4 chart, seeking support. The daily chart shows that the
price is having a correction.
Government Transfers Seized Shiba Inu
The transfer left the sending wallet, previously linked to
the US government, with no SHIB tokens. The receiving wallet, identified as
‘0x995,’ now holds digital assets valued at $33 million.
The US government obtained the SHIB tokens through the
seizure of assets from Alameda Research, a trading firm tied to the collapsed
crypto exchange FTX. The SHIB tokens were part of a broader forfeiture of over
$700 million in assets related to legal issues surrounding FTX and Alameda.
New Wallet Receives Seized Assets
Arkham’s data indicates the recipient wallet was recently
created. Its initial transaction included $1.061 million in AEGRO tokens,
received from the same government-linked address. Within two hours, the wallet
also accepted other digital assets, including 4,815 ETH, 13.58 million BUSD,
and 631,959 POWR tokens.
There is no indication the government sold its SHIB
holdings, as no exchange or OTC addresses are tied to the transaction. The
tokens remain in the recipient wallet.
SHIBUSD-H4 Price Heads Downward After Triple Top
SHIBUSD-H4 Chart, Source: TradingView
The H4 chart shows that SHIBUSD found resistance around
0.00003290 and consolidated for a while. After forming a triple top, the price
moved downward with strong momentum. Earlier, the price reacted at 0.00002350.
Buyers may wait for the price to find support at this level
and consider going long if a strong bullish reversal pattern forms. A bearish
breakout at 0.00002350, on the other hand, may increase bearish pressure.
SHIBUSD-Daily Undergoing Correction
SHIBUSD- Day Chart, Source: TradingView
The daily chart shows that after being bullish for some
days, the price faced rejection at 0.00003290. As of writing, it is undergoing
a correction. The 0.00002350 level may act as support, as the price previously
reacted strongly at this level.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
