Funds on the Move Six months after the Poloniex crypto exchange hack, the stolen funds are starting to move. One of the hacker’s accounts transferred $3.5 million to a crypto mixer called Tornado Cash. Hacker Launders Funds The hacker sent 100 ETH ($308,000) to Tornado Cash from one account and later sent 1,100 ETH ($3.5…
Concerns Raised by SEC Chair Gensler In a recent interview, SEC Chair Gary Gensler expressed his worries about the crypto industry, citing its alleged role in scams, fraud, and non-compliance with securities laws. Non-Compliance with Securities Laws Gensler emphasized that many cryptocurrencies are considered securities under the law, and companies offering these assets must comply…
A massive Shiba Inu (SHIB) transfer has caught the crypto world’s attention. A whale, identified as Robinhood, has moved 1.7 trillion SHIB tokens in two separate transactions. Robinhood’s Transactions Robinhood, a popular crypto trading platform, is known for its large-scale SHIB movements. This recent transfer could be related to fulfilling customer buy orders after the…
Ethereum has been underperforming lately, leaving investors wondering if its days as a top cryptocurrency are numbered. Weak Fundamentals Ethereum’s price has been stuck around $3,100, showing a lack of upward momentum. The cryptocurrency is closely tied to Bitcoin but has been underperforming despite Bitcoin’s record highs. Ethereum’s failure to deliver timely upgrades, such as…
The crypto industry is flexing its financial muscle, with Super Political Action Committees (PACs) amassing a massive $102 million war chest to influence the 2024 US elections. Funding Surge Led by Crypto Billionaires Rick Claypool of Public Citizen reports that crypto companies, executives, and their allies are pouring millions into campaigns. Their goals include supporting…
Ethereum’s Ongoing Volatility The crypto market has been a rollercoaster lately, with Bitcoin and Ethereum moving in different directions. Bitcoin seems to be settling down, but Ethereum is still facing a lot of uncertainty, especially in the options market. Implied Volatility: A Measure of Uncertainty Implied volatility (IV) shows how much investors expect an asset’s…
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Render (RNDR) Crypto analyst Altcoin Sherpa is bullish on Render, an AI-related altcoin. He sees it as his top AI pick for the current market cycle. Render provides real-time rendering using a network of decentralized GPUs. Bittensor (TAO) Altcoin Sherpa is also interested in Bittensor, a blockchain platform focused on machine learning and AI. However,…
A Bitcoin (BTC) whale has moved a massive $43,940,000 in BTC from a wallet that had been inactive for over a decade. Whale’s Decade-Old Holdings On May 6th, the whale emptied their wallet, which had held 687.33 BTC since January 12th, 2014. At the time of purchase, the BTC was worth $630,000. New Whales Accumulating…
David Hunter, a leading macro strategist, believes the stock market is on the cusp of an unprecedented rally. Here are four factors he cites as potential catalysts: 1. Falling Interest Rates Hunter anticipates a decline in interest rates, which will be welcomed by investors. He believes inflation is on a downward trend and will eventually…
