elwood

In the past hour, approximately $18.2 million worth of QNT tokens were transferred from a wallet of the suspected institutional digital asset platform Elwood to another wallet controlled by the same entity. About 24 hours ago, some of these tokens were withdrawn from the Coinbase exchange.

According to Arkham data, at 19:51, 99,999.99 QNT (worth approximately $7.398 million) was transferred from Elwood to an anonymous address (starting with 0x7513...).

ChainCatcher message, according to monitoring by The Data Nerd, 3 hours ago, Elwood received 52 million USDC from Circle, and then deposited all USDC into Binance and exchanged it for USDT.

ChainCatcher news, cryptocurrency trading company Zodia Markets, supported by Standard Chartered Bank's venture capital division, announced that it is acquiring the OTC business of Elwood Technologies, with financial terms undisclosed.Elwood stated on Monday that after selling this business, the company will focus on its trading technology software as a service (SaaS) products and services.Zodia Markets CEO Usman Ahmad mentioned that the company's OTC business currently handles trading volumes of up to $60 million daily. He did not disclose details on how much customer trading volume this deal might bring to Zodia, but stated via email that the company expects "daily trading volumes to increase significantly."Previous news, Zodia Markets is in talks to acquire a stake in Elwood Technologies to gain its OTC business, which is reportedly a digital asset company backed by billionaire hedge fund manager Alan Howard.

ChainCatcher news, according to Lookonchain monitoring, billionaire and hedge fund manager Alan Howard's cryptocurrency trading execution and risk management platform Elwood Technologies has deposited a total of 26,811 ETH to Binance over the past 3 days.Another Elwood associated address has deposited 24,463 ETH to Binance in the past 2 days. The total deposits amount to 159 million USD in ETH.

ChainCatcher news, on-chain analyst Yu Jin tweeted that an address withdrew 8,014.6 ETH (approximately 25 million USD) from Binance again 6 hours ago, accumulating a total withdrawal of 24,463.3 ETH (approximately 75 million USD) in the past 24 hours, with an average price of 3,066 USD per ETH. This address may belong to Elwood.It is reported that Elwood minted and transferred 75 million USD of USDC from Circle to Binance in the past day, and then withdrew 75 million USD worth of ETH (24,463.3 ETH) from Binance through this address.

According to ChainCatcher news, monitored by LookonChain, billionaire and hedge fund manager Alan Howard's cryptocurrency trading execution and risk management platform Elwood Technologies has deposited 17,900 ETH, worth approximately $54.9 million, into Binance in the past 28 hours.

ChainCatcher news, according to Bloomberg, Standard Chartered's cryptocurrency subsidiary Zodia Markets is in talks to acquire a stake in Elwood Technologies, a digital asset company backed by billionaire hedge fund manager Alan Howard.

ChainCatcher news, according to The Block, cryptocurrency trading service company Elwood Technologies has received approval from the UK's Financial Conduct Authority (FCA). Elwood stated that the authorization is related to its execution management system for security tokens and derivatives, which allows its clients to connect to cryptocurrency exchanges and over-the-counter trading.It is reported that Elwood was founded by Alan Howard, the former CEO of Brevan Howard, who remains the majority shareholder.According to the crypto data platform RootData, in May 2022, Elwood Technologies completed a $70 million Series A funding round, led by Goldman Sachs and Dawn Capital, with participation from Barclays, BlockFi Ventures, Digital Currency Group, Flow Traders, and Galaxy Digital Ventures, among others.