Arkham Intelligence, known for its investment platform, has integrated with
Coinbase Wallet contributing to the streamlining of cryptocurrency transactions. The data ascertained by Arkham highlighted the
U.S. Government's transfer of $4M Bitcoin to Coinbase, reflecting the growing institutional interest in cryptocurrencies. One of the noteworthy disclosures was the transfer of $487M of Arkham's own coin,
ARKM, to
Coinbase Prime for the purpose of regulatory compliance.
Mt. Gox, the notorious defunct exchange has been seen executing substantial bitcoin movements, notably, moving $340M bitcoin to Bitstamp and $2.8 billion to a new address. Another major involvement of Mt. Gox is with the reimbursement funds for Kraken. In parallel, the
German Government is seen selling off bitcoins to an extent where it holds less than 5K tokens at present. Surprisingly, Arkham data reveals that the German government rushed to sell Bitcoin to maximize liquidity, causing volatility in the market.
Arkham reportedly accused competitors of propagating unfounded rumors amidst their large-scale token sell-off. Yet, despite market skepticism and controversies, Arkham proceeded with big leap announcing its top 5 crypto hodlers owning $3.5B. The platform has maintained focus on the compliant and legal conduct of operations, as exhibited by its
$487M ARKM transfer to Coinbase Prime for compliant trading.
Arkham's investigation identified significant bitcoin holdings by Tesla and SpaceX. Further, claims arose regarding the cryptocurrency holdings of
Donald Trump, with Arkham indicating his holdings to be over $10 Million, rising due to meme coin cycles. Pertinently,
Arkham even put out a $150K bounty to reveal the creator behind DJT Token. On the downside, Arkham's ARKM token did suffer a 20% fall due to market skepticism.
Arkham Coin News Analytics from Wed, 15 Nov 2023 08:00:00 GMT to Thu, 25 Jul 2024 19:04:08 GMT -
Rating 2
- Innovation 3
- Information 7
- Rumor 2
