The Ethereum ($ETH) market is experiencing contrasting whale activity, with some offloading at significant losses while others seize opportunities to accumulate during the downturn. Whales Dump ETH at a Loss In a striking move, three wallets—likely controlled by the same whale—sold 10,070 ETH for $33 million in DAI at $3,280 nine hours ago, incurring a $1 million loss. This whale had previously withdrawn 24,029 ETH ($81.3M) from Binance via 10 new wallets three weeks ago and now holds 13,959 ETH ($45.48M). Whales are dumping $ETH at a loss! 9 hours ago, 3 wallets(likely belonging to the same whale) sold 10,070
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]]>Today, the crypto market is experiencing a strong bullish trend, driven by the latest minting activity from Tether Treasury. According to Lookonchain, Tether Treasury minted another 1 billion USDT on the Tron Network earlier today, adding to the ongoing surge in market enthusiasm. Over the past year, Tether has minted a staggering 33 billion USDT, with 19 billion USDT minted on the Tron Network and 14 billion USDT on Ethereum. The rapid increase in USDT supply has had a notable impact on market dynamics, often coinciding with upward movements in crypto prices. Tether Treasury minted 1B $USDT on #TronNetwork again
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]]>Monoswapio, a prominent staking platform, recently suffered a significant security breach, prompting immediate warnings to users to refrain from staking or adding additional funds. The platform has advised users with any staked positions to withdraw their assets immediately to prevent potential losses. The breach occurred when one of Monoswapio’s developers inadvertently installed a phishing application while joining a call with individuals posing as venture capitalists. This malicious app enabled the attackers to install a botnet on the developer’s office PC, granting them access to all MonoSwap-related wallets and contracts. Consequently, the hackers withdrew a substantial portion of the staked liquidity
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]]>Bitcoin transaction fees have seen a notable decline this week, dropping by 18% compared to the previous week’s 27% decrease. This marks the lowest weekly fee levels since November 2023, providing relief to users conducting transactions on the network. Total Bitcoin fees have decreased by 18% this week, following a 27% drop from the previous week. Weekly fees have now reached their lowest level since November 2023. pic.twitter.com/sOY325suev — IntoTheBlock (@intotheblock) July 12, 2024 Concurrently, there has been a significant uptick in the number of Bitcoin wallets holding at least 10 BTC. Data from @santimentfeed reveals that over 152,000 addresses
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Project Mbridge, the cross-border central bank digital currency (CBDC) project that seeks to integrate several currencies into a global network, has reached its minimum viable product stage. This means that each one of the participant central banks has deployed a validating node in the network, that is ready to perform real-value transactions CBDC Project Mbridge […]
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Bancolombia Group, one of the leading banks in Latin America and the biggest bank in Colombia, is entering the crypto business with the launch of Wenia, a cryptocurrency exchange. Wenia seeks to disrupt Bitso’s and Binance’s dominance in the cryptocurrency exchange industry in Colombia, and offer a Colombian peso-pegged stablecoin as part of its asset […]
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Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions. Anza is calling for increased testing on this functionality. Anza Calls for […]
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Discussions about adjusting Ethereum’s issuance curve due to staking concentration and other factors are taking place on social media, with some developers in favor and some against this change. A recent article by Mike Neuder, an Ethereum Foundation researcher, highlights that Ethereum issuance should “preserve the viability and proportion of solo stakers.” Ethereum Issuance Curve […]
]]>Cryptocurrency trading has become increasingly popular in recent years. As a beginner, navigating the complex world of digital currencies can be both exciting and daunting. This guide aims to provide a solid foundation for newcomers, covering the basics of cryptocurrency trading, strategies, and tips to help you get started. Understanding the Basics Choose the Right Exchange: Start by selecting a reputable cryptocurrency exchange. Popular options include Coinbase, Binance, and Kraken. Ensure the exchange aligns with your trading needs and preferences. Wallet Setup: Create a cryptocurrency wallet to securely store your digital assets. Hardware wallets offer the highest level of security,
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The Russian Ministry of Internal Affairs is now using a digital tool allowing officers to link cryptocurrency wallets to their owners. The software also has a feature facilitating the monitoring of crypto asset transactions, the department told Russian media. Russian Police Brag About New Crypto Tracing Tool on Eve of Anti-Corruption Day Employees of MVD, […]
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