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DeepNewz, mobile.
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Singapore's largest bank, DBS, is identified as a crypto whale holding nearly $650 million in ETH, with assets totaling S$739 billion. The bank has made over $200 million by holding ETH, sparking speculation about Singapore's sovereign wealth funds also entering crypto.
the largest bank in Singapore holds 173.7k ETH? damn https://t.co/aVdtcIGQgb
It would have been awfully bullish for Ethereum if DBS, the largest bank in Singapore, were a whale with $650 million worth of ETH on its balance sheet. But that's not the case, according to a bank spokesperson. Read more: https://t.co/oMKXFoyNyc
🚨 BREAKING 🚨 SINGAPORE LARGEST BANK DBS WITH $739 BILLION IN ASSETS HOLDS 173,700 ETH WORTH $650 MILLION. GIGA BULLISH 🔥 https://t.co/NTOYQS5gY4
