Hong Kong-based cryptocurrency exchange BitForex is in crisis mode after its website went offline on February 23 following the reported withdrawal of $57 million from its hot wallets. Wash Trading Scandal and Website Shutdown Decentralized finance (DeFi) detective ZachXBT brought the incident to light on Twitter, raising concerns about the exchange’s operations. BitForex has yet…
Ethereum Whales Show Confidence in Long-Term Investment Ethereum whales have withdrawn a significant amount of ETH from exchanges, signaling confidence in the asset’s long-term value. A notable whale, labeled 0x8B94, withdrew 14,632 ETH (approximately $45.5 million) from Binance and staked it within six days. Two fresh whale wallets transferred 6,000 ETH (amounting to $18.7 million)…
Ryoshi, the anonymous founder of Shiba Inu, the second-largest meme coin, has shared their vision for the project’s future. Community-Driven Growth Ryoshi praised the SHIB community for its organic growth and resilience, emphasizing that it’s greater than any individual, movement, or nation-state. They stressed the importance of implementing ideas properly to ensure a solid foundation…
Ethereum has surged ahead of Bitcoin in recent weeks, reaching a peak of $3,130, its highest level since April 2022. While Bitcoin has been consolidating, Ethereum has been on a bullish run, jumping over 7% in the past week. Positive Funding Rates Indicate Bullish Sentiment The ETH funding rate, which tracks fees exchanged between traders…
PANDORA, the first token to use the Ethereum ERC-404 token standard, recently experienced a significant price surge, rising around 50% to clear $24,000. Several factors contributed to this rally. Whale Activity Significant whale activity was observed in the days leading up to the price surge. On February 20, a whale spent $4.89 million to purchase…
Bitcoin and Ethereum: A Valuable Insight Crypto analyst Rager recently shared valuable insights for Bitcoin and Ethereum investors ahead of the upcoming bull run. He believes that the best time to invest in these two crypto tokens is around the Bitcoin Halving. Rager predicts a “nice dip” between now and May, presenting an ideal opportunity…
Bitcoin Correction Unlikely, But Short-Term Pullback Possible Macro investor and fund manager Dan Tapiero believes that digital assets are still in the early stages of their bull run, making a significant correction for Bitcoin (BTC) very unlikely. In a recent video update, Tapiero, the CEO of investment firm 10T Holdings, told host and SkyBridge Capital…
Uniswap Team Sells UNI Holdings Uniswap team sold 90,000 UNI tokens worth $1.03 million at $11.48. The wallet received 5.44 million UNI ($62.46 million) and currently holds 926,000 UNI ($10.63 million). UNI Rallies Over 70% UNI rallied by over 70% from its weekly low of $7.06. The rally was triggered by a proposal to alter…
Fake Airdrop Alert The Shiba Inu team is urging community members to stay vigilant following the introduction of their new non-fungible token (NFT) collection, Sheboshi. The team warned of potential fake airdrop scams that may emerge due to the hype surrounding the new NFTs. Sheboshi NFTs The Sheboshi NFTs, introduced on February 20th, are digital…
Analyst’s Parabolic Curve Pattern Theory Kevin Svenson, a crypto strategist, believes Bitcoin (BTC) is nearing a point in its parabolic uptrend where its value could surge rapidly. Svenson explains that Bitcoin is following a textbook parabolic curve pattern and is currently in base three of the pattern. He predicts that Bitcoin could double in price…
