Tuesday, September 9, 2025
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Cardone Capital buys Bitcoin dips with 100 BTC acquisition

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Key Takeaways

  • Cardone Capital purchased 100 Bitcoin during a market dip, raising its total holdings to 1,100 BTC worth about $127 million.
  • The firm plans to acquire up to 3,000 more Bitcoin by 2025, aligning real estate investing with crypto exposure.

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Cardone Capital acquired 100 Bitcoin amid a market pullback, adding to its existing holdings of 1,000 BTC worth approximately $115 million, said Grant Cardone, founder and CEO of the real estate company, on Thursday.

Bitcoin fell below $115,000 today, reaching its lowest point in three weeks after US President Donald Trump announced new trade tariffs on multiple countries, per CoinGecko. The crypto asset has declined 6.5% from its July all-time high of $122,800.

The broader crypto market also retreated, with Ether dropping 4% to $3,600, XRP declining 5% to under $3, and Solana falling 6% over the past 24 hours.

The real estate investment firm, which manages over 14,000 residential units and $5 billion in assets, first entered the Bitcoin market in late June.

Cardone said at the time that the company aims to acquire an additional 3,000 Bitcoin for its treasury by the end of 2025, combining what he called “the two best-in-class assets,” real estate and Bitcoin.

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FTX and Alameda Research stake 20,736 Ethereum ahead of creditor payout

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Key Takeaways

  • FTX and Alameda Research staked 20,736 ETH valued at $79 million after recent Bybit withdrawals.
  • The entities unstaked over 3 million Solana tokens valued at approximately $431 million in March.

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Wallets linked to FTX and Alameda Research staked 20,736 Ethereum valued at approximately $79 million on Wednesday, according to data tracked by Lookonchain.

The move follows ETH withdrawals by defunct crypto trading firms earlier this year. Between December 17, 2024, and January 9, 2025, FTX and Alameda withdrew about 21,650 ETH from Bybit.

The entities previously unstaked over 3 million Solana tokens worth approximately $431 million in March, marking their largest unstaking event since beginning token sales in November 2023. Following the action, around 25,000 Solana tokens valued at roughly $3.3 million were moved to Binance.

These asset movements occurred amid FTX and Alameda’s ongoing effort to liquidate holdings under court-mandated weekly limits tied to their bankruptcy estate.

Last week, FTX and FTX Recovery Trust announced plans to distribute $1.9 billion to creditors on September 30 in their third round of payouts. The distribution follows a court decision to reduce the disputed claims reserve from $6.5 billion to $4.3 billion.

Creditors in China and certain other jurisdictions facing restrictions are expected to be excluded from the upcoming payment.

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Galaxy Digital moves $447M in Bitcoin to exchanges, sparking sell-off speculation

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Key Takeaways

  • Galaxy Digital moved 3,782 BTC, worth $447 million, to exchanges within 12 hours.
  • The transfers have raised concerns of potential selling pressure and heightened market volatility.

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Galaxy Digital sent 3,782 Bitcoin (BTC) worth around $447 million to crypto exchanges over the past 12 hours, according to Arkham Intelligence data, igniting fresh speculation about a major sell-off.

The transfer follows Galaxy Digital’s sale of over 80,000 BTC last week, the largest known Bitcoin liquidation, for a Satoshi-era investor who reactivated his wallet after 14 years of dormancy.

Bitcoin briefly plunged to $115,000 following Galaxy’s earlier BTC move but rebounded above $119,000 once the selling pressure eased. At press time, it was trading at $117,834, down 1.5% over the past 24 hours, according to CoinGecko.

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Robinhood US lists Hedera HBAR, extending support for classic coins following XRP, SOL, ADA

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Key Takeaways

  • Robinhood has listed Hedera (HBAR) on its US trading platform, following the relisting of other legacy coins.
  • The platform has expanded its offerings with both established and meme coins like PEPE, PENGU, PNUT, and POPCAT.

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Robinhood has officially listed Hedera (HBAR), the native token of the Hedera Hashgraph network, on its US trading platform, continuing its expansion of crypto trading offerings, according to a Friday announcement.

The move follows a wave of crypto-friendly regulatory momentum under the Trump administration and expands Robinhood’s roster of legacy altcoins, which already includes XRP, Solana (SOL), and Cardano (ADA). These tokens were relisted in November 2024.

Prior to the US launch, Robinhood introduced HBAR and Lido Finance (LDO) to UK users in January.

HBAR surged as much as 7% on the news, and was trading at $0.25, up 3.5% over 24 hours at the time of writing, data from Robinhood shows.

Robinhood has also expanded into meme coins, listing Pepe (PEPE), Pengu (PENGU), Peanut the Squirrel (PNUT), and Popcat (POPCAT) earlier this year. The platform further diversified its offerings by adding Arbitrum, an Ethereum layer 2 token designed to enable faster and more cost-effective Ethereum transactions.

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Galaxy Digital sends over 10,000 Bitcoin from Satoshi-era stash to exchanges

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Key Takeaways

  • Galaxy Digital transferred over 10,000 BTC, worth about $1.2 billion, to exchanges within 8 hours.
  • The BTC originated from a Satoshi-era whale’s address reactivated after 14 years of dormancy.

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Galaxy Digital moved more than 10,000 Bitcoin, valued at approximately $1.2 billion, to crypto exchanges over the last 8 hours, according to on-chain data tracked by Lookonchain.

The transfer comes after Galaxy Digital received over 80,000 Bitcoin from a Satoshi-era whale who had not accessed the funds for 14 years.

The dormant Bitcoin addresses were reactivated earlier this month, initiating the movement of all coins during a period when Bitcoin reached new all-time highs above $122,000.

Bitcoin’s price declined from above $119,000 to below $116,000 late Thursday, CoinGecko data shows.

The digital asset is currently trading at around $115,800, representing a 2% decrease over the past 24 hours.

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Ripple co-founder’s wallet sends $140 million in XRP to exchanges since July 17

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Key Takeaways

  • Chris Larsen’s wallet has moved 50 million XRP worth about $175 million since July 17.
  • The wallet’s activity follows a major security breach where $112 million in XRP was stolen in January 2024.

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A wallet tied to Ripple co-founder Chris Larsen has transferred 50 million XRP, worth around $175 million, to four addresses since July 17, with about $140 million ending up on exchanges, on-chain investigator ZachXBT revealed today.

As previously reported by Crypto Briefing, Larsen’s wallet sent 9.5 million XRP tokens, valued at over $26 million, to Coinbase on July 17. The move came just as XRP’s value began to rise sharply.

According to CoinGecko data, XRP reached a historic peak of $3.6 on July 18, driving its valuation to $215 billion. That surge also helped it flip American Express and McDonald’s in size, though the takeover was temporary, per CompaniesMarketCap.

XRP now ranks as the third-largest crypto asset by market value.

The sending wallet is part of a group of wallets connected to Larsen that previously transferred $109 million in XRP to exchanges in January 2025, as previously identified by ZachXBT. The wallets had been dormant for at least six years, raising questions about whether Larsen still had access to them.

The transfers follow a January 2024 security incident where Larsen lost $112 million in XRP through a hack linked to a LastPass security breach from 2022.

The stolen funds were quickly distributed across various crypto exchanges, including Binance, Kraken, and OKX. While Binance managed to freeze $4.2 million worth of stolen XRP, attackers had already laundered or converted most of the funds.

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PUMP crashes over 50% post-ICO as founder says airdrop not coming soon

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Key Takeaways

  • PUMP is down more than 50% since its pre-sale, as the meme coin launchpad’s airdrop buzz runs out of steam.
  • Alon said the team would announce the timeline and full details about the airdrop when everything is finalized.

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PUMP, the native token of meme coin launchpad Pump.fun, has plunged over 50% in less than two weeks following its pre-sale, as airdrop hype fades.

The token, initially priced at $0.004 during its ICO, surged to $0.0067 following the launch event but quickly retraced below $0.005 in the days after. As of Tuesday, it slipped below its ICO price and continued falling today after project chief Alon Cohen said an airdrop is not coming soon.

“When it comes to the airdrop, as we promised when we initially announced the TGE, there will be an airdrop. That should come as no surprise to anybody. We’re going to keep our word, and our goal with that airdrop is to obviously reward the community that helped build a platform that…has flourished for the past one, one and a half years,” said Alon in a Wednesday interview with Michael “ThreadGuy” Jerome.

“We want to make sure that it is a meaningful airdrop and it is executed well,” Alon added, noting that the team is focusing on the ecosystem’s long-term growth.

“We’re actually focusing on bringing back a lot of that attention and hype to our ecosystem. That being said, the airdrop is not going to be taking place in the immediate future, but we will be, you know, we will communicate any timelines or any details, whatever those details are, are available,” he said.

Investors’ sentiment around PUMP appears to be mixed. According to data tracked by Lookonchain, Jeffrey Huang, commonly known as Machi Big Brother, has added to his PUMP long position despite being down over $5.8 million amid the token’s steep decline.

The wallets linked to private sale investors, on the other hand, sold over 1.2 billion PUMP at $0.003 in the past two hours, resulting in a loss of approximately $1 million.

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