PANews reported on February 2nd that, according to on-chain analyst Ai Yi, a whale betting on ETH deposited another 12,058.4 ETH, worth $28.26 million, into OKX in the past 15 hours. Since January 20th, it appears to have sold 33,680.4 ETH, which would result in a loss of $13.61 million if sold. This address has accumulated a position of 55,262.16 ETH since December 5th, 2025, with a total value of $172 million and an average cost of approximately $3,120.



BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more