With the latest transaction worth $630,000, this Bitcoin whale has now sold $5.47 million worth of BTC to Kraken in 60 days. Reportedly, this whale minted just five days after the genesis block was created in 2009 and went dormant. Despite the recent moves, the whale wallet still holds 1,127 Bitcoins worth approximately $75.23 million …
With Bitcoin reclaiming the $66k level, the market sentiment is increasingly optimistic, with many expecting a significant BTC rally in the coming weeks. Reportedly, on-chain data reveals that new investors are starting to buy BTC again. Historically, new investor accumulation periods often highlighted major price surges. With the broader market showing signs of recovery and …
With the altcoin market turning bullish, the Storj team has started depositing over Binance. Storj team has deposited 5 million tokens worth ~$3M over Binance via GSR markets. The sudden deposit comes after the 24% price surge. The team started the strategic move to deposit to Binance 7 months ago. Currently, the team is following …
Amid the growing social engagement around Bitcoin, Tesla, the electric motor company, is making the news. In a recent transfer, Tesla has distributed 11,509 Bitcoin, now worth $773 million, to seven different wallets. These new wallets are likely just other addresses owned by Tesla. The possibility of an over-the-counter sale is unlikely, as in a …
The token sale for World Liberty Financial, backed by Donald Trump, has struggled to gain traction, achieving only 3.4% of its $300 million target, with just over $10 million raised. Launched on October 15, the WLFI token sale faced immediate setbacks, including a website crash due to high traffic. Despite promoting over 100,000 signups, only …
The Financial Crimes Enforcement Network (FinCEN) has hit TD Bank with over $3 billion in penalties for not reporting suspicious cryptocurrency transactions The penalties are the largest ever imposed under the Bank Secrecy Act. The bank approved more than 2,000 risky requests related to an unnamed Client Group C that was involved in crypto operations …
YouTuber Jimmy Donaldson, known as MrBeast, has been accused of earning over $10 million through low-cap token promotions and alleged pump-and-dump schemes. An investigation by SomaXBT revealed MrBeast’s involvement in projects like SuperFarm ($SUPER) and Polychain Monsters ($PMON), where he reportedly promoted tokens, sold them during price surges, and profited significantly. These tokens later plummeted, …
Federal Reserve Bank of Minneapolis President Neel Kashkari reassured markets, noting that inflation is easing while the labor market remains robust, despite a slight rise in unemployment. He emphasized that increasing unemployment isn’t worth the cost and dismissed concerns about China being a significant competitor or the yuan replacing the dollar as the global reserve …
Notably, the Stablecoin market capitalizations have significantly shifted across multiple blockchains over the past few days. The total market capitalization when combined with all the chains has reached an impressive $172 billion. Notably, this is just $15 billion away from its all-time high (ATH) of $187 billion which was recorded in 2022. However, during that …
Bitcoin has recently recovered to $63,000 after dipping to $59,000, but a surprising trend has emerged. Google searches for “Bitcoin” have dropped to a yearly low, even as its price rises. This lack of retail interest contrasts with the frenzy seen in 2017, when Bitcoin’s price surge drove public curiosity. The muted search volume suggests …
Rune Christensen, founder of Sky (formerly MakerDAO), is close to selling the last of the 25 million $LDO tokens. Rune had received the massive sum as an initial member of Lido Finance. On December 17, 2020, Christensen received 25M $LDO at an average of $1.75. Since 2022, the MakerDAO founder has been on a selling …
Global central banks, excluding the Bank of Japan, are currently easing their monetary policies. This shift is aimed at increasing liquidity in the financial system, which could have a significant positive impact on various assets, including stocks, gold, and Bitcoin. As central banks lower interest rates and implement other measures to inject money into the …
Argentina has now become the top user of cryptocurrencies in Latin America, overtaking Brazil, according to Chainalysis data from June 2023 to June 2024. The report reveals that Argentina’s crypto transactions reached around $91.1 billion, slightly surpassing Brazil’s $90.3 billion. Meanwhile, Stablecoins dominate the crypto scene in Argentina, making up 61.8% of all transactions. This …
Notably, three wallets linked to the whale with wallet address “0x7DE” have spent 6.15 million USDC tokens to buy 12.16 million SPX tokens over the last 3 days. Reportedly, their holdings have gained ~$1.25 million, or +20% during this period. Previously, the whale “0x7DE” has realized a net profit of $5.71 million from 3 out …
Reportedly, a smart whale has sold another 3.13 million POPCAT worth $3.65 million at $1.16. With this, it has made a profit of $3.37 million on this memecoin in just one month. Previously, this whale had already made $1.47 million on POPCAT. Further, this smart whale has bridged 3.65 million USDC tokens to Ethereum and …
According to a recent post by Ki Young Ju, CEO of CryptoQuant, ancient Bitcoin whales—those who have held large BTC reserves dormant for over seven years—remain inactive. Historically, whenever these “sleeping” Bitcoins move, it often stirs up significant market volatility, with the impact varying based on where and how these coins are transferred. With Bitcoin’s …
Since the Eigen Layer listing on 1st October, Justin Sun has claimed and deposited a total of 8.86 million EIGEN tokens worth $35.61 million to Binance at an average price of $4.02. The first claim of 5.241 million tokens was made on the day of listing. Moreover, the second claim of 3.618 million was made …
According to data from blockchain analytics platform Lookonchain, a skilled trader has achieved an impressive feat in the meme token market by executing 8 consecutive winning trades on POPCAT since August 20. With a perfect 100% win rate, this trader has accumulated over $1 million in total profits. The success comes from a swing trading …
During the first week of October, the Solana ecosystem recorded a significant development. Notably, it has added 10.7% during the first seven days of October with 8.5k Devactivity events. On the other hand, Avalanche and Arbitrum ecosystems also witness significant growth developments. Arbitrum’s ecosystem sees a jump of +5.18% with 14.5k devactivity events, whereas Avalanche’s …
On October 7, Bitget’s platform token, BGB, experienced a sudden and sharp drop in value. The token fell over 50%, plunging from $1.14 to as low as ¥0.53 before beginning to recover. The cause of this drastic fall remains unclear. This isn’t the first time such an incident has occurred in the crypto space. Earlier …
The Bitcoin Fear & Greed Index has dropped to 37, signaling fear in the market, according to CryptoQuant. However, it bounced back on Saturday to 47, suggesting a mild recovery. Bitcoin is now trading at $62,222, up 1.15% after a 3% surge on Friday, driven by a surprising U.S. jobs report. The report showed 254,000 …
Prominent crypto analyst Altcoin Sherpa has shared a bold prediction about Solana (SOL). He doesn’t expect Solana may experience the same price surge it had previously for a while. However, he believes it could still perform better than Ethereum (ETH) in the coming days. He suggests that Solana remains an attractive option for investors looking …
The launch of Bitcoin Core 28.0 introduces major security enhancements and performance improvements. This update patches a high-risk vulnerability that affected one in every six Bitcoin nodes, which previously allowed for potential DoS attacks. With reproducible builds now supported, trust and transparency within the community are strengthened. Additionally, the software increases peer connections to 125 …
Starting in October on a bearish week, the cryptocurrency market witnessed a weekly crash in Bitcoin of 5.30%, with Ethereum taking a quick plunge of 9.03%. Bitcoin now trades near $62k and Ethereum near $2,400. Further, the altcoin market, excluding Bitcoin and Ethereum, witnessed a drop in total market cap below the critical support of …
An early Ethereum ICO participant continues to offload massive chunks of ETH tokens. The sell-off started in a relatively bullish market and continues in the current season of high volatility. The ICO participant sold off another 6,000 ETH worth $14.11M in a new wave. Since September 22, the participant has sold a total of 40,000 …
IcomTech, a cryptocurrency-based Ponzi scheme had swindled millions in dollars from investors from 2018 through 2019 by claiming profits in cryptocurrency trading and mining. David Carmona was the mastermind behind this scam and was sentenced to 10 years in jail for conspiracy to commit wire fraud. As per the report by prosecutors in the United …
The US Department of Justice and Securities and Exchange Commission are actually supporting a class-action lawsuit against Nvidia. The company allegedly misled investors as it tried to explain spiking revenue in 2017-2018 by including crypto mining. Both agencies claim that the leadership at Nvidia, among them chief executive Jensen Huang, knew of the contribution to …
Dogecoin (DOGE) whales are back, making headlines with a massive purchase of one billion DOGE in just 24 hours, worth around $108 million. Despite the overall bearish trend in the crypto market due to geopolitical tensions, this significant buy-up shows strong interest in Dogecoin. As of now, DOGE’s price has risen by 1.79% to $0.1078, …
MemeFi has launched a huge giveaway event, offering a rare Lamborghini Aventador SV as the grand prize. Starting today, users can enter the Grand Draw by purchasing MemeFi Premium, which comes with perks like exclusive access to events, priority in airdrops, 100 million MemeFi coins, and 1,000 game spins. The lucky winner will be flown …
WazirX has declared that it would have a 10-member Committee of Creditors (COC) that would act as the representative to the 4.4 million users in case there is a Rs 2000 crore cyber hack. The criteria for selection and the members remain unknown to the public. This is raising many eyebrows because of a lack …