According to @EmberCN, DWF Labs received a small test transfer of $USD1 from WLFI, suggesting that DWF Labs might become a market maker for $USD1 and potentially $WLFI in the future. USD1 is a USD-backed stablecoin introduced by the WLFI DeFi project, supported by the Trump family, and backed by U.S. Treasuries, dollar deposits, and cash equivalents, with custody managed by BitGo.

According to Lookonchain, Mt. Gox has transferred 166.5 BTC ($15.05M) to BitGo, indicating a significant movement of funds that could impact the Bitcoin market. This transaction suggests Mt. Gox is actively managing its assets, potentially preparing for distribution or other financial operations. Traders should monitor for possible market effects due to the size and source of this transfer.

According to Lookonchain, Mt. Gox has transferred 166.5 BTC, valued at approximately $15.05 million, to an address likely associated with BitGo. This transaction could indicate ongoing asset redistribution efforts by the defunct exchange. Source: Lookonchain tweet.

According to Aggr News, crypto custody firm BitGo is reportedly considering an initial public offering (IPO) as soon as the second half of 2025. This move could significantly impact the cryptocurrency custody market by increasing transparency and potentially attracting more institutional investors. The decision to go public may also be influenced by the firm’s performance and market conditions at that time. Traders should monitor BitGo's developments and market strategy closely as they may affect related cryptocurrency assets and services.

According to Ai 姨, nearly four months have passed since the 'WBTC Custody Dispute', yet WBTC continues to appear frequently in various trades. The question arises whether WBTC's market share has changed following the series of 'FUD' events. The timeline highlights that on August 11, BitGo announced the transfer of WBTC operations to a joint venture with BiT Global, sparking controversy over custody rights.

According to @EmberCN, a new address accumulated 1605 WBTC (worth $94.62M) within three days following a custody change. On August 11, BitGo announced a joint venture with BiT Global to transfer WBTC custody to a different jurisdiction, prompting some protocols and institutions to stop using WBTC due to potential risks. The next day, on August 12, the new address was created and began withdrawing large amounts of WBTC from Binance.