Cardano and Ethereum co-founder Charles Hoskinson expressed doubts about the crypto policies of both former President Donald Trump and Vice President Kamala Harris in recent interviews with mainstream news. In an interview with The Financial Times, Hoskinson voiced concerns that neither Trump nor Harris has demonstrated a clear path forward for the crypto sector in …
Monthly archives: September 2024
Early Bitcoin miner wallets awaken, moving $15 million after 15 years
Dormant Bitcoin miner wallets have resurfaced after roughly 15 years of inactivity to move 250 BTC, valued at over $15 million at current prices. On Sept. 20, Lookonchain reported that five miner wallets, each of which received 50 Bitcoin as block rewards in 2009, were moving funds for the the first time in more than …
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Institutions are no longer aggressively shorting Bitcoin – CryptoQuant
CME Bitcoin futures net short positions have declined significantly, dropping 75% over the past five months, as reported by CryptoQuant CEO Ki Young Ju. This shift signals a notable change in institutional trading behavior, coinciding with a period of steady Bitcoin prices between $54,000 and $63,000. The data reflects a reduction in aggressive shorting by …
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Ethereum Foundation Cashes Out: 300 ETH Sold in Latest Move
The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days,” Spot On Chain dished out …
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Pepe Price Surges 10% in Meme Coin Rally as Pepe Unchained Hits $14M Presale Milestone
This week’s meme coin rally continues to impress investors. Pepe (PEPE) just saw another 10% increase, showing it can still produce double-digit gains. At the same time, Pepe Unchained (PEPU) has just passed $14 million in presale. Clearly, frog-themed meme coins are a hot topic right now. PEPE’s Price Rallies – Is the Popular Frog …
Bingx Hit With $52 Million Hack, Lazarus Group Suspected
Asian crypto exchange Bingx suffered a hacking attack, leading to a suspension of withdrawals and an estimated loss of $52 million. Bingx claims the stolen amount is minimal because it primarily stores users’ assets in cold wallets, which were not targeted by the hackers. A security firm believes a North Korea-linked hacking group, Lazarus Group, …
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Microstrategy Acquires 7,420 Bitcoin, Firm Now Holds 252,220 BTC
Microstrategy, led by Michael Saylor, has just completed a billion-dollar private offering before acquiring 7,420 bitcoin for approximately $458.2 million at an average price of $61,750 per coin. The company now holds 252,220 bitcoin, purchased for roughly $9.9 billion at an average price of $39,266 per coin. The year-to-date bitcoin yield stands at 17.8 percent, …
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Microstrategy Announces Plans to Buy More Bitcoin Following $1.01B Private Offering
Microstrategy has revealed plans to acquire additional bitcoin after completing a $1.01 billion offering of convertible senior notes. This move comes as part of the company’s ongoing strategy to use proceeds from debt and equity financing to accumulate bitcoin as a treasury reserve asset. Microstrategy Completes $1.01B Private Sale Microstrategy (Nasdaq: MSTR), a publicly traded …
Bitget Reports 1,600% Surge in African Users
Bitget has seen a significant increase in African users, driven by factors like copy trading popularity and the growth of the TON ecosystem. The exchange has focused on user education and accessibility to attract users in the region. Bitget Wallet has become a top-ranked app in Nigeria, surpassing popular platforms like Tiktok and Whatsapp. Copy …
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Homnifi: Bridging Innovation and Global Support for Big Ideas
In a world abundant with ideas, the primary challenge lies not in generating new concepts but in securing the necessary support to bring these ideas to fruition. Homnifi leads this transformation, facilitating the connection between startups, founders, and the resources required for success. Historically, only firms with substantial capital were capable of assisting new ventures. …
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Top Ethereum Rival Could Plunge by Over 40% if Support Level Fails, According to Veteran Trader Peter Brandt
Seasoned trader Peter Brandt is warning that Ethereum’s (ETH) biggest competitor is at risk of a significant correction. Brandt tells his 738,400 followers on the social media platform X that Solana (SOL) could lose a key level of support at the lower bound of a trading range, sending it plummeting more than 43% from its …
Here’s What’s Next for Ethereum and Other Crypto Assets After Fed Rate Cut, According to Michaël Van De Poppe
A widely followed crypto analyst is updating his outlook on Ethereum (ETH) and other digital assets after the Fed cut rates this week. Crypto trader Michaël van de Poppe tells his 725,400 followers on the social media platform X that the Fed’s 50 basis point cut on Wednesday may be a bullish catalyst for crypto. …
Top Trader Says Solana Rival That’s Up 60% in a Week To Keep Ripping Hard, Updates Outlook on Bitcoin and Saga
A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA). The analyst pseudonymously known as Bluntz tells his 275,300 followers on the social media platform X that Solana rival Sui (SUI) is set to rip after breaking out …
Societe Generale’s EURCV looks to Solana for stablecoin success after PayPal’s PYUSD rise
Societe Generale is expanding its EUR CoinVertible (EURCV) MiCA-compliant stablecoin to the Solana blockchain, according to a Sept. 20 statement. This move comes more than a year after the bank’s crypto division, SG Forge, launched EURCV on the Ethereum blockchain. However, the asset has struggled to gain traction, with only 28 holders, 154 total transactions, …
North Korea-linked hack costs crypto exchange BingX $52 million in crypto
Crypto exchange BingX confirmed that it experienced a “minor asset loss” after detecting suspicious outflows from one of its hot wallets. In a post on Sept. 20, BingX’s Chief Product Officer Vivien Lin stated that the exact amount stolen from the breach was still under evaluation and that the incident occurred around 4:00 A.M. Singapore …
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