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Whale activity in the cryptocurrency markets has increased significantly in recent hours. According to on-chain data, high-volume investors have made significant transfers of several major crypto assets, particularly Bitcoin and Ethereum. According to the data, a whale deposited 10,169 ETH, worth approximately $29.77 million, into Binance, earning a total profit of $11.36 million. It was noted that this investor had previously withdrawn 19,505.5 ETH ($48.69 million) from the exchange and staked it, then reinvested 20,269 ETH ($60.05 million) into the exchange, generating a total staking income of $763.58 ETH. It is stated that this same whale has earned a total profit of $11.36 million from ETH transactions over the past three years. Related News Why Is the Bitcoin Price Constantly Falling? Analysis Firm Says “The Selling Process Has Reached Saturation,” Shares Its Expectations On the other hand, a newly created wallet was observed withdrawing a large number of different crypto assets from Binance. The assets transferred to this wallet included 5,770 ETH, 9,870 LINK, 140.62 AAVE, 1,950 UNI, 75,450 POL, and 9.99 COMP. It was also reported that a whale with the address 0xc8D4 completely closed their position of 10,169 ETH ($29.7 million) approximately 4 hours ago and exited the market. This move is being considered in conjunction with the recent volatility in the Ethereum price. Another notable development is that Arthur Hayes purchased a total of 32.42 million USDC from Binance, Galaxy Digital, Wintermute, and several other platforms in the last two days. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Polygon Labs, the group developing the eponymous blockchain, is making a strategic investment in web3 media project Boys Club. Boys Club will work closely with the RD lab to help "advance Polygon's mission of making crypto more practical, accessible, and valuable for everyday people through products, payments, and meaningful storytelling." "Boys Club brings a cultural intelligence and creative voice that perfectly complements our vision for the future of crypto," Head of Marketing at Polygon Labs Leon Stern said in a statement, noting Boys Club will contribute across events, social strategy, editorial development, and narrative design. The investment comes amid a reevaluation of marketing across tech, especially in web3, which has seen rising prices without corresponding adoption. Last week, the Wall Street Journal published an article that found even big tech firms like Google and Microsoft are hiring "storytellers" as large language models drive the marginal cost of copy to practically zero. Noting that "storytelling" has become a "buzzword," Polygon said it is looking for assistance in gaining cultural capital, particularly as blockchain-based use cases like stablecoin payments and neobanking find a wider audience. Strategic investment or partnership? It is unclear why the relationship is being called a "strategic investment," rather than an undisclosed payment for services rendered. Terms of the deal were not disclosed, though Boys Club stressed it will continue to operate as an "independent and neutral media organization." The Block reached out to Boys Club for a comment and asked a Polygon representative if Polygon Labs will receive equity in Boys Club. “Central to this partnership is Boys Club’s continued editorial independence and neutrality. Boys Club will retain full control over its creative direction, voice, and business operations,” and maintain its client roster, including potential competitors, including protocols like Aptos, Base, Solana, Stellar, and others, the statement reads. Launched in 2021, Boys Club has published newsletters, podcasts, and other forms of media, and has produced events, including through partnerships with leading crypto firms like a16z crypto, Coinbase, Kraken, and Polymarket. At publication time, Boys Club has not posted about the investment on its main X account. Many sides of Polygon Notably, Polygon has had an evolving brand image over the years. Launched in 2017 as a Plasma-based sidechain called Matic Network, the team shifted strategy to align as an Ethereum Layer 2 in 2021 while rebranding to Polygon. The project converted MATIC tokens to POL, and launched an SDK and the Agglayer to become a hub for interoperable chains. Even today, debate persists as to whether Polygon is a true Layer 2. In October, Polygon co-founder Sandeep Nailwal commented on the phenomenon of the "Ethereum community" embracing Polygon-based apps like Polymarket and Polygon SDK chains like Katana and XLayer, while discounting Polygon's allegiance to Ethereum. Earlier this year, Nailwal took "unilateral control" as the CEO of the Polygon Foundation and is the last remaining Polygon co-founder. Polygon's multi-chain framework has made notable contributions to zero-knowledge tech and proof-of-stake operations, including research supporting open-source Plonky2 and Plonky3 proof systems. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

According to on-chain analyst Ai Auntie, a fresh address 0xDE2…E4613 has begun accumulating a widely tracked Ethereum DeFi token, signaling potential strategic positioning within the ecosystem. The observation relies on live wallet activity and token balance shifts, offering a snapshot of evolving sentiment among active liquidity providers and token holders on the Ethereum network. Within a short window, a bundled withdrawal from Binance totalled $17.8 million, encompassing assets including ETH, LINK, AAVE, UNI, POL, and COMP. The ETH portion represented about 95% of the value, roughly $16.93 million, with an average transfer price of $2,935.55. The distribution across six tokens underscores notable cross-asset liquidity movements in today’s DeFi landscape. Share News:

BlockBeats News, December 17: According to on-chain analyst Ai Auntie (@ai_9684xtpa), a newly created address "0xDE2…E4613" has taken a bullish position on the Ethereum DeFi ecosystem. Two hours ago, they withdrew a portfolio of tokens worth a total of $17.8 million from Binance, including ETH, LINK, AAVE, UNI, POL, and COMP. The ETH holding accounts for 95% of the portfolio ($16.93 million), withdrawn at an average price of $2935.55.