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Ethereum had a wild ride last Monday, plummeting over 30% in a single day due to trade war worries. But things quickly turned around after some positive news, and crypto prices generally recovered. Ethereum’s Underperformance Despite the rebound, Ethereum’s performance is lagging behind other cryptocurrencies. It’s trading at historically low levels compared to Bitcoin and…
Ethereum’s price has rebounded to around $2,800 after a recent dip. This recovery seems linked to some serious whale activity. Whale Withdrawals: A Billion Dollar Exodus Data shows massive withdrawals of Ethereum from cryptocurrency exchanges. Specifically, the “Exchange Netflow” – which tracks the overall movement of ETH in and out of exchanges – spiked negatively….
Glassnode, a crypto analytics firm, says the Ethereum futures market is still running hot, even after a recent big shake-up. Ethereum Open Interest Remains High Glassnode’s latest report shows that despite a significant drop in price and a wave of liquidations, Ethereum’s open interest (the total value of outstanding futures contracts) remains above average. They…
A 22-year-old Canadian, Andean Medjedovic, is wanted by US authorities for allegedly stealing $48.8 million in cryptocurrency from the KyberSwap trading platform. Prosecutors say he exploited a weakness in KyberSwap’s system. Exploiting a “Glitch” Medjedovic is accused of using borrowed crypto, worth hundreds of millions of dollars, to manipulate prices on KyberSwap. He then triggered…
A crypto project linked to former President Donald Trump, World Liberty Financial (WLFI), recently transferred a whopping $307.4 million in crypto to Coinbase. A Big Crypto Transfer Market analysts noticed the massive move on Monday. The transfer included various cryptocurrencies, such as a significant amount of Ethereum (ETH) and Wrapped Bitcoin (WBTC). WLFI Explains the…
A cybersecurity investigator, known online as ZachXBT, revealed that Coinbase users are losing over $300 million annually to social engineering scams. This alarming figure highlights the vulnerability of users to increasingly sophisticated phishing attacks. How the Scams Work ZachXBT, who boasts a large following on X (formerly Twitter), shared details of these scams. Between December…
Billionaire investor Chamath Palihapitiya has a suggestion for jumpstarting the US’s new federal sovereign wealth fund: use the government’s Bitcoin. Leveraging Bitcoin and Other Assets President Trump recently signed an executive order creating this fund, aiming for long-term financial stability and economic growth. Palihapitiya tweeted that the government could quickly get the ball rolling by…
Could Bitcoin be about to explode? One analyst thinks so. A Bold Prediction: $160,000 in 30 Days? Crypto analyst CryptoCon is predicting a massive Bitcoin price surge. They believe BTC could hit a staggering $160,000 within the next month. This is a huge call, especially given the current bearish market sentiment. The analyst points out…
The US government might be considering a seriously big move: adding Bitcoin to its national reserves. This bombshell came from David Sacks, the newly appointed AI and Crypto Czar. Sacks’ Bitcoin Push Sacks, a well-known venture capitalist and former PayPal executive, is a big Bitcoin fan. He’s previously talked about Bitcoin as a way to…
The XRP Ledger (XRPL) experienced a temporary outage on February 4th. For about an hour, the network froze, halting transactions. The Outage The freeze started at block height 93927174 and lasted 64 minutes. No new transactions were processed during this time. This naturally caused concern among XRP users. Ripple’s Response Ripple’s CTO, David Schwartz (also…
