Jump Trading sells another $29M Ether with $63M left to go. Is the bottom near?
The Ether bottom could be in, as market makers like Jump Trading are running out of ETH to sell. Go to Source
Month: August 2024
Bitcoin needs $59.1K weekly close amid doubt over BTC price all-time high
Bitcoin bulls have their work cut out, and the weekly close is the first hurdle — the BTC price rebound must flip $59,000 to support. Go to Source
Cumberland buys the dip? Trading firm deposits $95M to exchanges
Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023. Go to Source
Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which currently holds around 246 … Read more
Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building Research
Ethereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block is beneficial. However, there remains an open debate on whether it is possible to … Read more
DeFi protocol Nexera hacked for $1.5 million via smart contract exploit
Nexera’s token contract has been paused and the team advises crypto investors to stop trading the NXRA token. Go to Source
SEC Challenges Coinbase’s Extensive Discovery Requests
The U.S. Securities and Exchange Commission (SEC) has opposed Coinbase’s motion to compel discovery in a case where the SEC alleges Coinbase violated federal securities laws by failing to register its operations and services. Coinbase’s extensive discovery demands include internal SEC communications, inter-agency communications, and all documents related to digital assets, which the SEC deems … Read more
California county to regulate Bitcoin ATMs backed by state laws
Chico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency. Go to Source
Bitcoin ‘ghost month’ started with a 20% BTC price flash crash — What’s next?
Bitcoin prices have seen flash crashes during each ghost month since 2017, and this year appears to be no different. Go to Source
Unizen hacker transfers $2.1M stolen funds to Tornado Cash
The hacker’s use of Tornado Cash marks the first movement of the stolen Unizen funds since March, heightening security concerns. Go to Source