Cumberland, a prominent player in the cryptocurrency trading space, is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) following allegations that it conducted over $2 billion in crypto asset transactions without adhering to federal registration requirements.
Read MoreDespite a recent upswing in altcoin momentum, Ethereum (ETH) is facing significant selling pressure from major institutional players. In the past 24 hours, notable transactions have raised concerns about the future of ETH, as key wallets have offloaded substantial amounts of the cryptocurrency.
Read MoreIn a striking move, Tether Treasury has minted $1 billion USDT on Ethereum and transferred $183.2 million USDT to Cumberland for exchange deposits over the past 13 hours, as reported by SpotOnChain on X.
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