Cryptocurrency Live News & Updates : Wintermute Gains Bitcoin Lending from Cantor Fitzgerald

In a significant development, Wintermute has secured a Bitcoin-backed credit line from Cantor Fitzgerald, which is part of the latter’s ambitious $2 billion Bitcoin Financing Business aimed at institutional crypto firms. This move comes amidst a cautious revival in the crypto lending sector following the collapses of major players like Celsius and BlockFi. Meanwhile, OKX’s latest proof-of-reserves report indicates a notable decline in user holdings of BTC and USDT, suggesting a shift towards self-custody among traders. In contrast, Ethereum holdings have seen an increase, reflecting changing user preferences. Additionally, ONDO Finance is witnessing a price rebound, testing key resistance levels, bolstered by recent strategic advancements. The Blockchain Group has also reported a substantial rise in its Bitcoin holdings, achieving impressive yields this year. However, Bitcoin’s apparent demand has turned negative, raising concerns about potential price retracements as selling pressure from long-term holders increases. As the market navigates these dynamics, traders are closely monitoring macroeconomic indicators and central bank discussions that could influence future price movements.

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