Arthur Hayes Deposits 2,364.38 ETH and Receives 4.3 Million USDC at a Loss

Arthur Hayes deposited 2,364.38 ETH into Cumberland and Galaxy Digital over the past two hours and received 4.3 million USDC in return. According to Odaily, he sold the ETH at $1,821, resulting in a loss of $241,000, or 5.3%. He previously bought 7,213 ETH at about $1,923 each.