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The enigmatic “7 Siblings,” a group with an estimated $2.2 billion in assets, has re-emerged, quietly accumulating a substantial amount of Ethereum during the recent market downturn. This entity purchased 28,120 ETH, worth approximately $66 million, at an average price of $2,350 in the last 15 hours. Their activity has drawn attention as they continue … Read more
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track the illicit funds, leading to their freeze and eventual federal seizure. … Read more
If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins. Go to Source
Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional finance. According to Nate Geraci, co-founder of the ETF Institute, out of 525 funds launched in 2024, a total of 13 out of the top 24 best-performing ETFs are related to bitcoin and ether. … Read more
Monolithic blockchain networks like Solana can theoretically process 65,000 transactions per second without using layer-2 scaling solutions. Go to Source
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after … Read more
In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by $12.6 billion since the end of March. Optimism’s DAO, which boasted $8.3 billion on Mar. 24, has seen its treasury shrink to $3.8 billion, making it the largest DAO treasury despite the decline. Decentralized Autonomous Organizations … Read more
Malicious actors stole $753 million in the third quarter, with phishing being the most costly attack vector. The report emphasizes the need for stronger security measures and warns users to be cautious of phishing scams. Ethereum and Bitcoin networks were the hardest hit chains, with combined losses exceeding $600 million. Users Urged to Be Wary … Read more
Selling from ETH ICO participants and a lack of demand for the spot Ether ETF could be contributing to Ethereum’s price downside. Go to Source
The AAVE token has outperformed this year after tokenholders endorsed upgrades to its tokenomics. Go to Source