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This month’s largest Tether minter uses a Kraken deposit address strongly associated with Cumberland DRW.

$477M USDT minted so far, almost entirely within the last week. 👀

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45 minutes ago, ~$150M in BTC shorts were liquidated in a single 1 minute candle on Binance.

15 minutes ago, the Cumberland-associated address we mentioned this morning, 0x1dB, minted another $90M USDT - sending around half to Coinbase and Kraken.

🧐