0xScope Newsletter #40: Joining Chainlink BUILD

Also: Take a look at 3 upcoming $100M+ token unlocks, recent whale movements, our probe on unusual $ARKM token transfers, and more.

Apr 11, 2024

0xScope Joins Chainlink BUILD

We’re excited to become a key part of the Chainlink BUILD program. We aim to accelerate ecosystem growth and long-term adoption of AI-powered Web3 apps by gaining enhanced access to Chainlink’s oracle services and technical support. Read this blog for more details.

Research

Scoped on Scopescan: Spotting $ENA Whales

Since its launch on April 2, Ethena Labs’ $ENA token has gained the attention of whale investors, including:

A whale who recently bought 1.78M $ENA with 725 $ETH. This whale now holds 1.88M $ENA ($2.8M).
Another whale who withdrew 5.72M $ENA ($7.4M) from Binance and locked all of it.

Here are other notable whale transactions this past week:

The US government transferred 600+ $BTC ($40M+) to new addresses earlier this week. The funds were previously confiscated from the online black market Silk Road.
A whale spent 14.2M $DAI to buy 4,177 $ETH. This whale previously bought 2,323 $ETH at $1,785 and took profit at $3,433.
A fresh whale accumulated 668K ($4.49M) $PENDLE from Binance.
A Wintermute-related address withdrew 40M $ANKR ($2.4M) from Binance.

Don’t miss out on the latest whale movements. Sign up for Scopescan here.

The Curious Case of Unusual Arkham Transfers

Crypto analytics company Arkham recently attracted scrutiny from the crypto community after a crypto sleuth and a rival started calling attention to recent transactions involving $ARKM tokens. The 0xScope team conducted a deeper investigation and analysis into these deals. Read this article to see our findings.

On-chain Data

CEXes gain $10.2B in assets, Bitstamp logs best growth

After losing $11.47B in crypto assets last week, major CEXes recovered about $10.2B this week. In terms of growth rate, the biggest winner this week is Bitstamp with a 10.19% rise in net assets, followed by Deribit with 7.20%, and OKX with 6.15%. Only Bitget registered a loss, at -2.28%.

$100M+ token unlocks for APT, ARB, AXS

The biggest token unlock this week is APT’s unlocking of $301.34M worth of tokens on April 12, followed by ARB’s $136.76M unlocking on April 16 and AXS’ $105.22M token cliff on April 17.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Subscribe to Scopechat Pro

Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!

Subscribe to Scopechat Pro today! Pay using your credit card or your Scopepoints.

Be the next 0xScope Ambassador!

0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.

Quick Bites

Genesis converts $2.1B worth Of GBTC shares into Bitcoin - LINK

BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes - LINK

Base TVL hits $4B as transactions per second surpass Ethereum - LINK

Solana project launches delayed due to extended network congestion - LINK

SEC warns Uniswap Labs of potential enforcement action - LINK