Claim BonusSmart Money Buying Crypto Amid US SEC Binance Crackdown
As SEC launches crackdown on Binance, some investors took this opportunity to buy the dip and even support the crypto exchange giant.
As per Etherescan data, the institutional crypto trading platform FalconX received 37 million USDC from Circle and deposited 29.5 million of those into Binance.
Investors look to buy dip amid Binance crackdown
Since the US SEC filed a lawsuit against Binance on Monday, the prices of leading cryptocurrencies have suffered significantly. Bitcoin is trading at $25,700, down over 4% in the last 24 hours, ETH is trading at $1,816, down 3% during the same period. Binance’s BNB is down nearly 8% in 24hrs.
Some smart money took this as an opportunity to buy the dip. Etherscan data shows specialized crypto trading and market making firm Cumberland withdrew 67.9 million USDC from Circle and deposited 67.1 million of those stablecoin to Coinbase.
Whales buy the dip
Blockchain investment firm FBG Capital deposited 44 million USDT to Binance following the SEC crackdown. Lookonchain spotted a crypto whale that withdrew 703,871 USDC and more than 2.5 million USDT from decentralized finance platform Aave before buying some $3.35 million in ether at an average price of $1,810.
Despite the major commotion in the industry, the crypto market’s period of low volatility remained largely unaffected. The prices of the leading cryptocurrencies fell across the board, but volatility remains low and implied options volatility compressed, indicating a belief that market volatility will remain low.
Major crypto personalities have come in support of Binance amid the US SEC lawsuit. BitMEX co-founder Arthur Hayes in a tweet said that the market is down on some “Binance FUD” and expressed a positive scenario for the future. Changpeng Zhao earlier polled his followers asking “who protects invetors better? Binance or SEC?” Most of his followers clicked on Binance.
The world’s largest crypto exhange by trading volume has been under investigation from different regulatory bodies in the US, including CFTC, SEC, IRS and even the Department of Justice.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Solana Mobile’s SKR Token Launches Jan. 21: What to Know About the Seeker Airdrop
- Breaking: XRP Spot Trading Goes Live on Hyperliquid via Flare’s FXRP
- Bitcoin Falls Despite U.S. JOLTS Job Openings Missing Expectations
- JPMorgan To Expand JPM Coin to Canton Network After Launch on Coinbase’s Base
- Stablecoins Gain Infrastructure Boost as Morph Backs Startups with $150M
- XRP vs Solana Price: Which Could Outperform in January 2026?
- Meme Coin Price Prediction For Jan 2026: Dogecoin, Shiba Inu And Pepe Coin
- Pi Coin Price Eyes Rebound to $0.25 as Top Whale Nears 400M Milestone
- Ethereum Price Prediction Ahead of US data Report
- Bitcoin Price Prediction as FOMC Nears: Will 90% No-Cut Probability Pressure BTC?
- Dogecoin Price Outlook as Futures Open Interest Nears $2B: What Next for DOGE?
