📉 $400M in Liquidations Daily as Bitcoin Dipped Below $20K
Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. Altcoins suffer too, leading to almost $400 million in liquidations from over-leveraged traders. More than 125,000 traders have been wrecked so far, with the single-largest liquidated position taking place on OKX with the BTC/USDT trading pair – worth $3.5 million. 🔗 Read more
Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. Altcoins suffer too, leading to almost $400 million in liquidations from over-leveraged traders. More than 125,000 traders have been wrecked so far, with the single-largest liquidated position taking place on OKX with the BTC/USDT trading pair – worth $3.5 million. 🔗 Read more
😱9👍2
🗞 Charles Hoskinson Gives Update on Big Vasil Hardfork
Cardano (ADA) creator Charles Hoskinson is giving an update on the highly anticipated Vasil hard fork for the Ethereum (ETH) rival’s blockchain. In a new video update, Hoskinson says that major crypto exchanges are currently working on the new Cardano hard fork, and he expects more to follow. Hoskinson says that Cardano developers are making steady progress, and that the hard fork should go through at some point in September. 🔗 Watch more
Cardano (ADA) creator Charles Hoskinson is giving an update on the highly anticipated Vasil hard fork for the Ethereum (ETH) rival’s blockchain. In a new video update, Hoskinson says that major crypto exchanges are currently working on the new Cardano hard fork, and he expects more to follow. Hoskinson says that Cardano developers are making steady progress, and that the hard fork should go through at some point in September. 🔗 Watch more
👍7😱1
💰 5,000 BTC From Satoshi-Era Wallet Moved To New Wallet
Colin Wu, a Chinese cryptocurrency journalist and blogger who covers all things blockchain, regulation, and cryptocurrencies, revealed that a wallet that had been inactive for nearly nine years had transferred its entire contents, a little over 5,000 BTC to a new wallet. The value of this is about 100 million dollars at the current exchange rate. 🔗 See wallet activity
Colin Wu, a Chinese cryptocurrency journalist and blogger who covers all things blockchain, regulation, and cryptocurrencies, revealed that a wallet that had been inactive for nearly nine years had transferred its entire contents, a little over 5,000 BTC to a new wallet. The value of this is about 100 million dollars at the current exchange rate. 🔗 See wallet activity
👍6
The current bitcoin drawdown has lasted for 295 days, and we are currently down 70% from the all-time high. Still, the peak depth of the drawdown of 74% occurred in June, 222 days from the ATH. In the 2014 and 2018 bear markets, the bottoms occurred 12-13 months after the bear markets began, with a max drawdown of 84-85%. 🔗 Read more
👍5
🎭 Attacker scoops $370,000 profit flash loan arbitrage on Avalanche
Nereus Finance, a DeFi staking platform on Avalanche, was impacted in a flash loan arbitrage attack on Tuesday, that saw the exploiter drain $370,000 in USDC stablecoin, according to a report by CertiK. On-chain data from Snowtrace shows the attacker launched the exploit with a $51 million flash loan. The funds were used to execute a flash loan attack that manipulated token pricing on Nereus. The attacker paid back the $51 million loan but still had $370,000 in USDC after the arbitrage trade was over. 🔗 Read more
Nereus Finance, a DeFi staking platform on Avalanche, was impacted in a flash loan arbitrage attack on Tuesday, that saw the exploiter drain $370,000 in USDC stablecoin, according to a report by CertiK. On-chain data from Snowtrace shows the attacker launched the exploit with a $51 million flash loan. The funds were used to execute a flash loan attack that manipulated token pricing on Nereus. The attacker paid back the $51 million loan but still had $370,000 in USDC after the arbitrage trade was over. 🔗 Read more
👍9🔥2
🎯 Binance․US Introduces Ethereum Staking
Binance․US has launched an exclusive staking program ahead of the upcoming Ethereum merge. According to the official blog update, users will be able to earn high APYs on their locked ETH starting from 6%. However, the staking service, at the moment, can only be availed by Binance․US customers based in the United States. 🔗 Read more
Binance․US has launched an exclusive staking program ahead of the upcoming Ethereum merge. According to the official blog update, users will be able to earn high APYs on their locked ETH starting from 6%. However, the staking service, at the moment, can only be availed by Binance․US customers based in the United States. 🔗 Read more
👍5
📰 This Week In Crypto (35)
1. DC Attorney General sues Michael Saylor and MicroStrategy
2. Crypto.com backs out of $495M deal with UEFA
3. 5,000 BTC From Satoshi-Era Wallet Moved
4. FBI issues alert over exploits targeting DeFi
5. Bitcoin drops down to $18.5k
CW34 (last week)
1. DC Attorney General sues Michael Saylor and MicroStrategy
2. Crypto.com backs out of $495M deal with UEFA
3. 5,000 BTC From Satoshi-Era Wallet Moved
4. FBI issues alert over exploits targeting DeFi
5. Bitcoin drops down to $18.5k
CW34 (last week)
👍7
👑 Crypto markets see flood of Queen Elizabeth memecoins and NFTs
Crypto degens have wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new nonfungible tokens (NFTs) in the same vein. New tokens launched on decentralized exchanges on the BNB Smart Chain and Ethereum over the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth. According to data from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has since had the biggest price value gain over the past 24 hours, with an eye-watering 28,506% pump to $0.00008000 at the time of writing. 🔗 Read more
Crypto degens have wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new nonfungible tokens (NFTs) in the same vein. New tokens launched on decentralized exchanges on the BNB Smart Chain and Ethereum over the past 24 hours include names such as Queen Elizabeth Inu, Save the Queen, Queen, QueenDoge, London Bridge is Down and Rip Queen Elizabeth. According to data from Dex Screener, the Queen Elizabeth Inu token on BSC-based PancakeSwap has since had the biggest price value gain over the past 24 hours, with an eye-watering 28,506% pump to $0.00008000 at the time of writing. 🔗 Read more
👍6
📊 Interest in keyword ‘buy bitcoin’ on Google Search drops to a 2-year low
Bitcoin (BTC) has been on a downwards trend since the start of the year, recording a significant sell-off while struggling to sustain its value above $20,000. Following the market correction, interest in the asset among investors has also dwindled. In particular, Google search interest in the keyword ‘buy bitcoin’ hit a new two-year low, recording a popularity score of 6 during the week ending September 10, as per data retrieved by Finbold. Notably, the last low interest in the keyword was recorded on October 17, 2020 when the cryptocurrency was gearing up for a new rally that culminated in the bull market recorded last year. 🔗 Read more
Bitcoin (BTC) has been on a downwards trend since the start of the year, recording a significant sell-off while struggling to sustain its value above $20,000. Following the market correction, interest in the asset among investors has also dwindled. In particular, Google search interest in the keyword ‘buy bitcoin’ hit a new two-year low, recording a popularity score of 6 during the week ending September 10, as per data retrieved by Finbold. Notably, the last low interest in the keyword was recorded on October 17, 2020 when the cryptocurrency was gearing up for a new rally that culminated in the bull market recorded last year. 🔗 Read more
👍9🔥1
🎯 MicroStrategy To Purchase More Bitcoin From Proceeds Of A $500 Million Stock Sale
MicroStrategy, the largest publicly listed Bitcoin holding company in the world, plans to double down on its BTC purchases using proceeds from a $500 million sale of its stock. According to a Friday filing with the U.S. Securities and Exchange Commission, MicroStrategy contracted two global investment firms, BTIG and Cowen, as agents to help it sell its company shares for an aggregate price of up to $500 million. The filing further stated that in addition to the proceeds being used for “general corporate purposes,” MicroStrategy would allocate part of the money to purchasing more Bitcoin. 🔗 Read more
MicroStrategy, the largest publicly listed Bitcoin holding company in the world, plans to double down on its BTC purchases using proceeds from a $500 million sale of its stock. According to a Friday filing with the U.S. Securities and Exchange Commission, MicroStrategy contracted two global investment firms, BTIG and Cowen, as agents to help it sell its company shares for an aggregate price of up to $500 million. The filing further stated that in addition to the proceeds being used for “general corporate purposes,” MicroStrategy would allocate part of the money to purchasing more Bitcoin. 🔗 Read more
👍5
📰 This Week In Crypto (36)
1. Binance․US Introduces Ethereum Staking
2. ‘Buy bitcoin’ search interest drops to a 2-y low
3. Binance converts stablecoins to BUSD
4. Russia eyes cross-border crypto payments
5. Bitcoin back over $21k
CW35 (last week)
1. Binance․US Introduces Ethereum Staking
2. ‘Buy bitcoin’ search interest drops to a 2-y low
3. Binance converts stablecoins to BUSD
4. Russia eyes cross-border crypto payments
5. Bitcoin back over $21k
CW35 (last week)
👍6
📉 With Inflation at 8.3%, Ethereum Risks “Sell the News” Merge
Ethereum has dropped by 8.7% after U.S. inflation fell by less than analysts' expectations. The downturn puts Ethereum at risk of its upcoming merge to Proof-of-Stake becoming a "sell the news" event. Several industry figures have outlined the potential for increased ETH selling, even in the event that the Merge is successful. 🔗 Read more
Ethereum has dropped by 8.7% after U.S. inflation fell by less than analysts' expectations. The downturn puts Ethereum at risk of its upcoming merge to Proof-of-Stake becoming a "sell the news" event. Several industry figures have outlined the potential for increased ETH selling, even in the event that the Merge is successful. 🔗 Read more
👍6
⏰ Ethereum Merge Countdown
Current total difficulty is 58748957656381106295293 and around 0h 19m 50s is left to reach the target.
🔗 Read more
Current total difficulty is 58748957656381106295293 and around 0h 19m 50s is left to reach the target.
🔗 Read more
🔥6👍1
📰 This Week In Crypto (37)
1. Ethereum completes Merge
2. Do Kwon faces arrest warrant
3. Bitcoin dives after small rally
4. Thai SEC intends to ban crypto lending
5. Possession of Bitcoin still legal in China
CW36 (last week)
1. Ethereum completes Merge
2. Do Kwon faces arrest warrant
3. Bitcoin dives after small rally
4. Thai SEC intends to ban crypto lending
5. Possession of Bitcoin still legal in China
CW36 (last week)
🔥4👍2
📉 Ethereum Proof-of-Work Suffers Replay Attack, Price Tanks 27%
Ethereum proof-of-work token suffered a replay attack through the Omni bridge of Gnosis chain. The ETHW team have clarified that the attack was not on a chain level. ETHW token has shed 27% of its value within the last 24 hours. 🔗 Read more
Do you sell your ETHW airdrop? (👍/👎)
Ethereum proof-of-work token suffered a replay attack through the Omni bridge of Gnosis chain. The ETHW team have clarified that the attack was not on a chain level. ETHW token has shed 27% of its value within the last 24 hours. 🔗 Read more
Do you sell your ETHW airdrop? (👍/👎)
👍4👎3
📊 ‘HODLed’ Bitcoin hits a 5-year high amid heavy market volatility
Investors are adopting different strategies to manage the ongoing Bitcoin (BTC) price correction amid expectations that the asset will rally again in the future. In this case, most Bitcoin investors seem to be adopting the ‘HODL’ investment strategy. In particular, as of September 21, the amount of Bitcoin HODLed hit a five-year record high at 7,495,059.588 BTC, worth approximately $143.74 billion. The last record five-year-high was registered on October 19, 2020, according to Glassnode data. 🔗 Read more
Investors are adopting different strategies to manage the ongoing Bitcoin (BTC) price correction amid expectations that the asset will rally again in the future. In this case, most Bitcoin investors seem to be adopting the ‘HODL’ investment strategy. In particular, as of September 21, the amount of Bitcoin HODLed hit a five-year record high at 7,495,059.588 BTC, worth approximately $143.74 billion. The last record five-year-high was registered on October 19, 2020, according to Glassnode data. 🔗 Read more
👍5
📰 This Week In Crypto (38)
1. Kraken CEO departs
2. Wintermute suffers $160M attack
3. US bill aims to ban algo stablecoins
4. ‘HODLed’ Bitcoin hits a 5-year high
5. ETHW Suffers Replay Attack
CW37 (last week)
1. Kraken CEO departs
2. Wintermute suffers $160M attack
3. US bill aims to ban algo stablecoins
4. ‘HODLed’ Bitcoin hits a 5-year high
5. ETHW Suffers Replay Attack
CW37 (last week)
👍5
🏦 “We Stand For Bankers”: ECB Chief Lagarde
ECB Chief Lagarde disclosed today on an online panel hosted by the Bank of France that she does not like seeing a new period of “free banking” due to cryptocurrencies. According to Lagarde, Central Bank digital currencies (CBDC) are required to maintain the role of central banks. Lagarde referred to historical examples where the Central Bank was not there, and according to her, this precipitated in crisis after crisis. 🔗 Read more
ECB Chief Lagarde disclosed today on an online panel hosted by the Bank of France that she does not like seeing a new period of “free banking” due to cryptocurrencies. According to Lagarde, Central Bank digital currencies (CBDC) are required to maintain the role of central banks. Lagarde referred to historical examples where the Central Bank was not there, and according to her, this precipitated in crisis after crisis. 🔗 Read more
👍5