US Government’s $20M Crypto Breach: How Most Was Returned Within 24 Hours

According to blockchain explorer firm Arkham Intelligence, a significant portion of the U.S. government’s allegedly seized crypto has made its way back. Sudden Shift in Seized Crypto Sparks Questions on U.S. Government Wallet Security Yesterday, Arkham Intelligence flagged a $20 million transfer from government-associated addresses. These funds, primarily in stablecoins and ether, were reportedly sent … Read more

Did Hackers Compromise US Government Crypto? $20M in Suspicious Activity

In a new update from Arkham Intelligence, it seems that crypto wallets linked to the U.S. government may have been compromised, losing around $20 million. According to Arkham, the bulk of the funds, primarily made up of stablecoins, were converted into ethereum “through suspicious addresses linked to a money laundering service.” $20M Vanishes From U.S. … Read more

Ethereum Nears Potential Short-Squeeze As Leverage Levels Spike Amid Bearish Sentiment

Ethereum is teetering on the edge of a potential short-squeeze showdown as leverage levels soar, with many traders betting on a price decline. The rising Estimated Leverage Ratio indicates a surge in high-stakes short positions, suggesting that many are expecting a drop in $ETH prices. However, if Ethereum can push past the critical $2.7K resistance … Read more

Ethereum Staking Reaches All-Time High, Reflecting Investor Confidence

Ethereum staking hit a record high in Q3 2024, with more holders participating to earn yield, reflecting increasing confidence in Ethereum’s long-term potential. This trend signals a strong sense of optimism among investors regarding Ethereum’s future performance and stability as a leading blockchain network. Ethereum staking hit an all-time high in Q3, with more holders … Read more

Massive Inflows Push Bitcoin ETFs Higher as Ether Funds Falter

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.xyz metrics, the 12 … Read more