Month: June 2024

Litecoin Activity Surges Despite Stable Prices, Outpacing Ethereum In Address Activity

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Despite Litecoin’s price remaining relatively stable over the past 30 days, data from Lookonchain reveals a significant spike in activity. Yesterday, the number of active Litecoin addresses soared by 75%, reaching its highest level since January and surpassing Ethereum by over 100,000 active addresses. https://x.com/intotheblock/status/1799006336451244319?t=6uowNSmKiFD9rhWCBOrNzw&s=19 In addition to this surge in address activity, the number … Read more

GMX Experiences Brief Decline Amidst Whale And Institutional Accumulation

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The decentralized exchange GMX, operating on the Arbitrum and Avalanche blockchains, saw a brief decline of 4% today after a strong performance, having surged 15% over the past week. On-chain data from Lookonchain indicates significant buying activity from whales and institutions. 66 Wallets Withdrew 344,502 GMX Tokens In the past two days, six new wallets … Read more

BRETT Memecoin Surges 24% Amid Insider Sell-Offs: Major Wallet Activity Observed

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The BRETT memecoin experienced a 24% surge today, followed by significant sell-offs from early buyers and insiders who capitalized on the price rebound. Over the past 32 hours, five prominent “insider” wallets collectively transferred 71.76 million BRETT tokens, valued at $9.94 million, to exchanges such as Gate.io, KuCoin, and Bybit. These transactions led to notable … Read more

Bitcoin’s Momentum Builds: Market Conditions Ripe For A Breakout

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Bitcoin’s daily transaction volumes have surged past $70.9 billion, signaling heightened market activity. The In/Out of the Money Around Price (IOMAP) indicator suggests that there is minimal resistance up to the $73,000 level, hinting at the potential for Bitcoin to rise further. Daily transaction volumes in $BTC have reached over $70.9 billion, pointing to increased … Read more

Ripple Teams Up With Clear Junction for GBP and EUR Payouts

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Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple Payments provides faster, cheaper cross-border payment infrastructure, serving customers in over 55 countries. Clear Junction, established in 2016, offers multi-currency payment … Read more

Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines

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Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines meet the growing demand for micro-investments among South Koreans. Available in sizes as small as 0.5 grams and priced at … Read more

BlockDAG Makes $3M In Hours: Dev Release 47 Highlights X1 Miner

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BlockDAG on Fast-track to Raise $5M Daily: Dev Release 47 Highlights X1 Miner Beta App’s Reduced Memory Footprint In its latest Development (Dev) Release 47, BlockDAG has enlightened the crypto community about their recent miner upgrade, the X1 Miner App’s Beta Version. This update features the app’s stability and significantly reduced memory footprint, making it … Read more

Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National

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India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits, and confiscated jewelry connected to the case. The investigation is still ongoing. ED … Read more

China Halts Gold Buying in May, Ending 18-Month Buying Spree

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The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank, the People’s Bank of China (PBOC), paused its gold … Read more

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