Solana’s price is back to the $175 level, and the altcoin is heading strong to end October with ~15% gains. Amid the solid recovery, Solana whales accumulate as major wallets withdraw and stake SOL from exchanges. The Whale address AA21…VxH9 pulled out 153,511 SOL worth $26.4M from Binance over the past six days, while EHax…gAUa …
The creator of the sandbox project, Animoca Brands, has reportedly pulled out 20 million SAND tokens worth ~$4.5 million from the Binance cryptocurrency exchange. Notably, the withdrawal took place in two different transactions. The first transaction started about 20 hours ago. Moreover, the second transaction took place about 10 hours ago. Furthermore, the tokens were …
With a positive trading week, the Bitcoin ETF has concluded the 4th week of October on a positive note. Notably, this is the third consecutive week of positive inflow, indicating increased bullish sentiment. Reportedly, BTC ETF recorded 4 out of 5 positive inflows during which it added a total of $1,076.7 million. During this week, …
In a breakthrough for crypto recovery, hackers have returned $19.2 million to a U.S. government wallet after an extensive investigation led by blockchain sleuth ZachXBT. The funds were part of a larger $243 million theft in August, where attackers, using social engineering tactics, drained 4,064 BTC from a Genesis creditor. Initially, assets were moved across …
Emory University has taken a bold step as the first U.S. university to publicly invest in Bitcoin, committing over $15 million to Grayscale Bitcoin Mini ETF. According to an SEC filing dated October 25, Emory holds 2,678,906 shares worth $15,082,241 as of September 30. This aligns with rising institutional interest in crypto, with recent spot …
Essence Finance, a project in the Scroll ecosystem, is under scrutiny after its stablecoin, CHI, plunged over 92% in 24 hours, hitting $0.077. Allegedly, more than $20 million in collateral has vanished, raising suspicions of a potential rug pull. The project’s last communication was on September 11, leaving investors questioning its reliability. Although previously audited …
During the early Asian trading hours on Friday, an individual or institute caused a brief mispricing on Polymarket. Reportedly, “GCorttell93” account bought over 4.5M Trump contracts for the “Presidential Election Winner 2024”. With $275,000, this pushed the odds to 99% for a period of the purchase due to the algorithm of the order book. This …
Elon Musk has donated at least $132 million to support Donald Trump and other Republicans ahead of the 2024 election, including an additional $56 million in recent weeks. Disclosures reveal his super PAC, America PAC, is focused on boosting voter turnout in crucial battleground states. Musk has also allocated funds to other GOP initiatives, such …
The Dutch government is seeking public feedback on proposed laws aimed at aligning its crypto tax monitoring rules with EU regulations to enhance transparency. These laws would require crypto service providers, such as exchanges, to collect and share user data with the tax authority, thereby preventing tax avoidance. The Ministry of Finance emphasized that existing …
Thailand’s crypto market is transitioning from retail to institutional investment, according to Binance Thailand’s CEO, Nirun Fuwattananukul. Recent regulatory moves by the Thai SEC aim to mature the industry, allowing institutional-grade funds to invest in crypto products like U.S.-based spot ETFs. Fuwattananukul views this as crucial for Thailand’s fintech ambitions, fostering a balanced ecosystem for …
Bitdeer, a prominent player in the cryptocurrency mining space, has announced the second round of its used Bitcoin mining machine auction. The focus will be on 1,000 units of the WhatsMiner M30S++ from Bitdeer’s Gedu data center in Bhutan. The auction will take place in two batches of 500 units each, with a starting price …
Reportedly, Bitcoin miner “TeraWulf” has planned to offer convertible senior notes in order to raise $350 million to fund its $200 million share repurchase program. On Wednesday, the company stated that it plans to give initial purchases an additional option to add $75 million within the first 13 days after the notes are issued. Notably, …
Salvadoran President Nayib Bukele announced a donation of 2 bitcoins, valued at $133,000, to support the construction of 1,000 schools in Honduras. This donation is part of El Salvador’s ongoing initiative, where the government has been purchasing 1 BTC daily since March 16. Currently, the Salvadoran government holds 5,913 BTC as part of its national …
According to blockchain firm Arkham Intelligence, despite recent Bitcoin transfers sparking concerns, Tesla likely still holds its entire $780 million Bitcoin stash. On October 15, Tesla split its 11,509 BTC between seven wallets, raising fears of a market dump. However, Arkham clarified that these were likely internal wallet rotations, with no Bitcoin sold. Tesla’s Bitcoin …
Reportedly, the Sky ecosystem which was previously known as Maker is planning to rebrand back to Maker following the confusion since the platform’s rebranding in August. Notably, since its rebranding, users reportedly have been confused about the roles of the Sky token and Maker brand. Following this, its co-founder Rune Christensen has proposed to keep …
The algorithmic scam was specifically designed to detect people searching for ways to buy cryptocurrency A Web3 security firm, Scam Sniffer has found a sponsored ad that leads Google users who mistakenly type ‘Soneium’ while searching for Sony’s new blockchain, to a scam website. Some others may contain links with information steering users to search …
Reportedly, major whales are currently using the Binance exchange as their primary platform for “XRP” transactions. As per the on-chain data, the total inflow of XRP to exchanges from whales, defined as those making deposits of over 1 million XRP has experienced a sharp rise. Moreover, since late 2021, large-scale investors have been constantly moving …
The Japanese first made a record by arresting 18 suspects for conducting money laundering business through the Monero (XMR) digital currency. Under the Cyber Special Investigation Unit and Saitama Police, the investigation focused on the tracking of fraudulent transactions through the stolen credit card data. Yuta Kobayashi, who is named as the mastermind, manipulated Monero …
Ripple transferred 200M XRP worth $109M to an unknown wallet ahead of the critical U.S. SEC appeal, sparking speculation about its plans. The legal appeal challenges a ruling favoring Ripple, which declared XRP sales were not securities violations. Ripple’s Chief Legal Officer, Stuart Alderoty, expressed confidence in the case, downplaying the SEC’s arguments. Meanwhile, XRP’s …
Over the past few days, Litecoin has witnessed a sharp increase in activity. It has reached a 16-month high of ~$4 billion in intraday trading volume. This increase reflects the rising interest of investors and a growing awareness of cryptocurrencies. With the induction of new policy initiatives and the ecosystem’s growth, the Litecoin project continues …
As the U.S. presidential election nears, WWE Hall of Famers Kane and The Undertaker have publicly endorsed Donald Trump. In a recent social media video, they slammed actor Batista, who has criticized Trump’s character. The Undertaker, in a wrestling promo style, stated, “You can go with President Trump, Kane, and The Undertaker, or you can …
Bitcoin exchange-traded products (ETPs) recorded a major inflow of 25,675 BTC ($1.74 billion) in just seven days, the highest since July. This comes as Bitcoin’s price jumped by 15% since October 10, fueled by optimism around potential Federal Reserve rate cuts and pro-crypto sentiment ahead of the U.S. election. U.S.-listed Bitcoin ETFs have attracted nearly …
The Decentralized lending market has boomed significantly over the past few months. During this period, “high-risk” loans have surged to a 28-month high. This sparks a concern of a potential liquidation cascade amid rising volatility in the crypto market. Reportedly, the total amount of high-risk loans signifies that investors are currently within the 5% band …
Blockchain Capital has doubled down on its Eigen Holdings. In a recent withdrawal event, the Capital withdrew 372,578 Eigen Tokens worth $1.18M from FalconX. This continues the streak of 7-day accumulation to more than a million Eigen Tokens worth $3.57M. The Capital currently holds Eigen at an average price of $3.482 accumulated from Wintermute and …
In the Forcount Ponzi scandal, U.S. courts sentenced cryptocurrency marketer Juan Tacuri to 20 years in prison for his role in a fraudulent scheme masquerading as a crypto mining venture. This scam targeted thousands of investors, particularly in Hispanic communities across the United States. Originally from Germany, Tacuri helped launch Weltsys, which lured victims with …
Sui-backed SocialFi platform RECRD recently announced a collaboration with the Indian entertainment giant Shemaroo Entertainment. Reportedly, Shemaroo will become a platinum member of RECRD to share some of its biggest Bollywood cinema IPs and enhance the viewer’s experience with blockchain technology. Shemaroo is one of the largest owners of entertainment IP worldwide and this partnership …
Arthur Hayes, founder of BitMEX, suggests that escalating conflict in the Middle East might drive Bitcoin’s (BTC) value upward. In his analysis, Hayes explains that even if the Israel-Iran situation disrupts Iran’s Bitcoin mining—which contributes roughly 7% to the global hash rate—it’s unlikely to harm Bitcoin’s price. He references China’s 2021 mining ban, which led …
A Chainalysis report reveals that the United States is losing ground in stablecoin adoption due to regulatory uncertainty, even as demand for US dollar-backed stablecoins soars globally. In 2024, stablecoin transactions on US platforms fell below 40%, down from 50% last year, while non-US platforms surpassed 60%, driven by emerging markets like Argentina and Turkey. …
As the crypto market recovers, the Bitcoin ETF market is performing really well with the cumulative net inflow for the 11 Bitcoin ETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale GBTC, the total net cumulative inflow jumps to …
Robinhood is set to launch Bitcoin and Ethereum futures contracts, alongside traditional assets like oil and the S&P 500, to appeal to seasoned traders. The new offerings, expected in the coming months, include micro Bitcoin and Ethereum futures, designed for smaller investors. The announcement was made at Robinhood’s HOOD Summit, where the company also unveiled …