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.
Coinbase Enters Prediction Markets as the Amazonification of Financial Platforms Gathers Pace
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
