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Project Overview
DWF Labs is a global Web3 venture capital and market maker. It provides Market Making, secondary market investments, early-stage investments and over-the-counter (OTC) trading services for Web3 companies, along with token listing and advisory services. DWF Labs is part of Digital Wave Finance (DWF), one of the world’s top cryptocurrency traders, which trades spot and derivatives on over 40 top exchanges. Its Asian regional headquarters is in Singapore, and it also has offices in Dubai, China Mainland and Hong Kong.
DWF Labs: BTC and ETH ETFs See Net Inflows Exceeding $1 Billion for Third Consecutive Week, Spot Market Driving This Rally
Odaily News DWF Labs stated that last week, BTC and ETH ETFs recorded a combined net inflow of approximately $1.2 billion, marking the third consecutive week with inflows exceeding $1 billion — the first time since July 2025. Among this, BTC ETFs saw net inflows of around $987 million, with a single-day inflow of $731 million on September 3, ranking as the third highest this year. The AUM of BTC ETFs rose to $103.3 billion, accounting for approximately 6.32% of BTC's total supply.Meanwhile, open interest denominated in BTC dropped from 762,200 BTC in mid-August to 669,600 BTC. Over the same period, BTC climbed from around $63,000 to $80,000, indicating that the recent price movement has been driven more by spot capital flows rather than leverage.
ETH ETF capital flows have outperformed BTC ETF for two consecutive months, with July net inflows reaching approximately 9.4 times that of BTC ETF on a relative scale
Odaily Planet Daily reported that DWF Labs posted on X, stating that on a fund size basis, ETH spot ETFs have outperformed BTC spot ETFs in capital flows since June. In June, ETH ETF net outflows accounted for 4.65% of fund size, lower than BTC ETF's 8.09%; in July, ETH ETF net inflows accounted for 3.19% of fund size, compared to BTC ETF's 0.34%, with the former approximately 9.4 times that of the latter.DWF Labs noted in May that institutions generally lacked interest in ETH, with net capital flows gradually declining. Over the past few weeks, this trend has begun to shift.
DEXE plummets 96.8% in 11 days, Ceffu transfers 797,900 DEXE to Binance, possibly linked to DWF Labs
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, DEXE reached an all-time high of $49.432 on July 12. It began to decline on July 13, and on July 21, it experienced a single-day maximum drop of 88%, with the price falling from $46.93 to $5.648. Over 11 days, the decline reached 96.8%, with the price dropping from $49.423 to $1.56. Ai Yi stated that the large on-chain fund flows were primarily from CEX hot wallets, and no anomalies were found except for those involving Ceffu. Since July 13, the custody platform Ceffu has transferred a total of 797,900 DEXE to Binance, split across 6 transactions, with a total value of $6.15 million. This makes Ceffu the only entity, besides exchanges, to move over a million dollars worth of this token. Ai Yi noted that due to the Ceffu MirrorX mechanism, DEXE held in Ceffu generates a 1:1 mirrored position on the exchange, and on-chain asset transfers are settled automatically afterward. If this mechanism was used for front-running, the actual value corresponding to the 797,900 DEXE would be $39.44 million. Ai Yi further indicated that public records do not show the DEXE project team depositing tokens with Ceffu, with most tokens being held in the DAO treasury and team-related lock-up contracts. Among DEXE's official partners, Falcon had supported DEXE as collateral on its platform. Falcon's asset custodian includes Ceffu, and Falcon Finance is associated with DWF Labs, which is also on DEXE's partner list. Ai Yi stated that the above conclusions are based on on-chain data and public clues, and it cannot be ruled out that the project team or other market makers are involved.
DWF Labs suspected to be market maker for ESPORTS token
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, ESPORTS experienced a flash crash, dropping by 92%. DWF Labs is suspected to be the market maker for this token. Five days ago, an address (0x7Ef...C10dD) deposited 19.9 million ESPORTS tokens, valued at $13.9 million, to a Kraken address associated with DWF Labs. The upstream funds for this address originated from the token's deployment address, which is also one of the addresses that contributed to this flash crash, having frequently sold tokens on-chain.
DEXE plummets 96.8% in 11 days, Ceffu transfers 797,900 DEXE to Binance, possibly linked to DWF Labs
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, DEXE reached an all-time high of $49.432 on July 12. It began to decline on July 13, and on July 21, it experienced a single-day maximum drop of 88%, with the price falling from $46.93 to $5.648. Over 11 days, the decline reached 96.8%, with the price dropping from $49.423 to $1.56. Ai Yi stated that the large on-chain fund flows were primarily from CEX hot wallets, and no anomalies were found except for those involving Ceffu. Since July 13, the custody platform Ceffu has transferred a total of 797,900 DEXE to Binance, split across 6 transactions, with a total value of $6.15 million. This makes Ceffu the only entity, besides exchanges, to move over a million dollars worth of this token. Ai Yi noted that due to the Ceffu MirrorX mechanism, DEXE held in Ceffu generates a 1:1 mirrored position on the exchange, and on-chain asset transfers are settled automatically afterward. If this mechanism was used for front-running, the actual value corresponding to the 797,900 DEXE would be $39.44 million. Ai Yi further indicated that public records do not show the DEXE project team depositing tokens with Ceffu, with most tokens being held in the DAO treasury and team-related lock-up contracts. Among DEXE's official partners, Falcon had supported DEXE as collateral on its platform. Falcon's asset custodian includes Ceffu, and Falcon Finance is associated with DWF Labs, which is also on DEXE's partner list. Ai Yi stated that the above conclusions are based on on-chain data and public clues, and it cannot be ruled out that the project team or other market makers are involved.
DWF Labs suspected to be market maker for ESPORTS token
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, ESPORTS experienced a flash crash, dropping by 92%. DWF Labs is suspected to be the market maker for this token. Five days ago, an address (0x7Ef...C10dD) deposited 19.9 million ESPORTS tokens, valued at $13.9 million, to a Kraken address associated with DWF Labs. The upstream funds for this address originated from the token's deployment address, which is also one of the addresses that contributed to this flash crash, having frequently sold tokens on-chain.
Related news
DWF Labs: BTC and ETH ETFs See Net Inflows Exceeding $1 Billion for Third Consecutive Week, Spot Market Driving This Rally
Odaily News DWF Labs stated that last week, BTC and ETH ETFs recorded a combined net inflow of approximately $1.2 billion, marking the third consecutive week with inflows exceeding $1 billion — the first time since July 2025. Among this, BTC ETFs saw net inflows of around $987 million, with a single-day inflow of $731 million on September 3, ranking as the third highest this year. The AUM of BTC ETFs rose to $103.3 billion, accounting for approximately 6.32% of BTC's total supply.Meanwhile, open interest denominated in BTC dropped from 762,200 BTC in mid-August to 669,600 BTC. Over the same period, BTC climbed from around $63,000 to $80,000, indicating that the recent price movement has been driven more by spot capital flows rather than leverage.
DWF Labs Receives VASP Regulatory Approval in the British Virgin Islands
According to an official announcement, DWF Labs has received regulatory approval as a Virtual Asset Service Provider (VASP) from the British Virgin Islands Financial Services Commission (BVI FSC), authorizing it to provide virtual asset exchange and financial services related to token issuance and sales under the BVI regulatory framework. This approval will enable institutional clients to access DWF Labs' OTC trading and market-making services through its regulated BVI entity, covering spot trading for thousands of digital assets and stablecoins.
ETH ETF capital flows have outperformed BTC ETF for two consecutive months, with July net inflows reaching approximately 9.4 times that of BTC ETF on a relative scale
Odaily Planet Daily reported that DWF Labs posted on X, stating that on a fund size basis, ETH spot ETFs have outperformed BTC spot ETFs in capital flows since June. In June, ETH ETF net outflows accounted for 4.65% of fund size, lower than BTC ETF's 8.09%; in July, ETH ETF net inflows accounted for 3.19% of fund size, compared to BTC ETF's 0.34%, with the former approximately 9.4 times that of the latter.DWF Labs noted in May that institutions generally lacked interest in ETH, with net capital flows gradually declining. Over the past few weeks, this trend has begun to shift.
DEXE plummets 96.8% in 11 days, Ceffu transfers 797,900 DEXE to Binance, possibly linked to DWF Labs
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, DEXE reached an all-time high of $49.432 on July 12. It began to decline on July 13, and on July 21, it experienced a single-day maximum drop of 88%, with the price falling from $46.93 to $5.648. Over 11 days, the decline reached 96.8%, with the price dropping from $49.423 to $1.56. Ai Yi stated that the large on-chain fund flows were primarily from CEX hot wallets, and no anomalies were found except for those involving Ceffu. Since July 13, the custody platform Ceffu has transferred a total of 797,900 DEXE to Binance, split across 6 transactions, with a total value of $6.15 million. This makes Ceffu the only entity, besides exchanges, to move over a million dollars worth of this token. Ai Yi noted that due to the Ceffu MirrorX mechanism, DEXE held in Ceffu generates a 1:1 mirrored position on the exchange, and on-chain asset transfers are settled automatically afterward. If this mechanism was used for front-running, the actual value corresponding to the 797,900 DEXE would be $39.44 million. Ai Yi further indicated that public records do not show the DEXE project team depositing tokens with Ceffu, with most tokens being held in the DAO treasury and team-related lock-up contracts. Among DEXE's official partners, Falcon had supported DEXE as collateral on its platform. Falcon's asset custodian includes Ceffu, and Falcon Finance is associated with DWF Labs, which is also on DEXE's partner list. Ai Yi stated that the above conclusions are based on on-chain data and public clues, and it cannot be ruled out that the project team or other market makers are involved.
BTC $10K in Sight? DWF Co-Founder Warns BitMine and Strategy Could Trigger the Biggest Market Crash in Crypto History
DWF Labs Co-Founder Andrei Grachev FF posted on X, stating that BitMine and Strategy could potentially cause the largest market crash in cryptocurrency history. He hopes this scenario does not materialize but advises you to consider your trading strategy if BTC drops to between $10,000 and $20,000.
DWF Labs suspected to be market maker for ESPORTS token
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, ESPORTS experienced a flash crash, dropping by 92%. DWF Labs is suspected to be the market maker for this token. Five days ago, an address (0x7Ef...C10dD) deposited 19.9 million ESPORTS tokens, valued at $13.9 million, to a Kraken address associated with DWF Labs. The upstream funds for this address originated from the token's deployment address, which is also one of the addresses that contributed to this flash crash, having frequently sold tokens on-chain.