not Ethereum Whale The recent trading has created panic among community members, suggesting they may be looking to sell their holdings, which is in line with recent predictions. Research firm Matrixport The price of Ethereum could rebound significantly from its current price levels. Ethereum Whale Transfers 11,215 ETH Onchain data An Ethereum whale has been found to have transferred 11,215 ETH ($34.3 million). Cryptocurrency exchange Coinbase. Traders typically make these moves when selling these tokens, and given the amount of tokens involved, these sales can have a significant impact on the price of ETH. However, data From Market Information Platform…
Author: Crypto Flexs
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Episode 43 of Season 6 of The Scoop was recorded as follows: Block’s Frank Shaparo and Botanics founder Willem Schroe.Listen below and subscribe to The Scoop on YouTube. apologize, Spotify, Google Podcasts, Stitcher, Or wherever you listen to podcasts. Please send feedback and correction requests to (email protected).Willem Schroed is the founder of Botanix Labs, a development team building a Bitcoin-based EVM compatible layer 2 that allows Ethereum smart contracts to be deployed on the Bitcoin network.In this episode, Schroe discusses the development of Bitcoin Layer 2 and the potential for the Bitcoin-based ecosystem to become a leading platform for…
The price of XRP (XRP) is up 3.5% over the past 24 hours, continuing a rally that is being fueled by the broader cryptocurrency market recovery. This bullish momentum has been significantly amplified by reports that institutions are accumulating during the recent Mt. Gox-led market downturn.XRP Fund Sees Inflows Amid Price CrashXRP’s gains today are part of a broader recovery that began on July 8, when asset management platform CoinShares reported that crypto funds had seen $441 million in inflows that week, while crypto markets plunged 11.28%. The XRP-focused investment fund attracted $400,000 in the week ending July 5. Since…
Bitcoin’s recovery has not been as impactful as expected, as it has failed to break above $60,000 even after the bullish momentum returned. Given this, expectations of a bearish reversal have become common as analysts believe the pioneering cryptocurrency lacks the momentum to sustain its current momentum. One analyst who believes the price will fall is Finn Oakes, who predicts a return to the $53,000 area. Bitcoin Forms Double Top Pattern In an analysis shared on the TradingView website, crypto analyst Finn Oakes explains that the Bitcoin price has now formed a double top. This occurred after the Bitcoin price…
According to the BNB Chain Blog, the BNB Incubation Alliance (BIA) event held in Brussels on July 8-9, 2024 concluded with the announcement of the winners. The event aimed to support and accelerate the growth of promising early-stage blockchain projects.Winner AnnouncementThe projects were evaluated by a distinguished panel of judges including Carlos from Bitkraft, Idan Sugarman from Zero Knowledge Ventures, Marwan from BNB Chain, Matt Law from Outlier Ventures, Max from Binance Labs, Melody He from Spartan Group, Yaroslav Writtle from Faculty Group, and Yemu from Penrose Ventures. The judging criteria included the sustainability of…
Despite Bitcoin price volatility and five-month lows, several key indicators still suggest that bulls are likely to prevail, suggesting that an uptrend could be in store for BTC’s price trajectory.BTC rebound prospects rise as bullish divergenceBitcoin (BTC) had a tumultuous start to early July, plunging more than 10.50% and hovering around $57,000 as of July 7. BTC reached a low of $53,550, driven by fears of a market crash as Mt. Gox continued to refund over 140,000 BTC to customers and the German government liquidated BTC.The recent Bitcoin price decline has been accompanied by a growing divergence between the falling…
INX and Backed Launch bNVDA, Tokenized NVIDIA Stock on the Ethereum Network Investors can trade bNVDA 24/7 with blockchain security and self-custody options. Future plans include expanding tokenized assets to ETFs, bonds, and commodities. INX, a regulated marketplace for digital securities, announced today that it has partnered with Backed, a leader in real-world asset tokenization, to list tokenized securities on the INX platform for eligible users outside the United States. This innovation promises to increase accessibility, liquidity and security for global investors, particularly those outside the United States. bNVDA is a tokenized security backed 1:1 by NVIDIA Corp (NVDA) shares…
The Chicago Board Options Exchange filed an application for the Solana ETF on June 10, 2024. Renowned Bloomberg ETF expert offers mixed views on Solana ETF approval Analyst argues that Joe Biden’s re-election would be “dead on arrival” for the SOL ETF. Famed Bloomberg Financial analyst Eric Balchunas has shaken up the cryptocurrency market by saying the upcoming U.S. presidential election could determine the outcome of Solana’s exchange-traded fund (ETF) application. Solana ETF will likely have a final closing date in mid-March 2025. But the most important date between now and then is November. If Biden wins, it will most…
The FTX-Alameda Bankruptcy Court has filed a suit against Jump Trading subsidiary Tai Mo Shan over a $264 million claim surrounding a loan transaction with Alameda Research. FTX’s attorneys argued that the claim was invalid because the loan never originated.Tai Mo Shan is seeking approximately $264 million in damages from Alameda Research for failing to deliver 800 million Serum (SRM) tokens under a loan agreement dating back to August 2020. SRM is the native cryptocurrency of FTX-backed decentralized exchange Serum. Collapsed with FTX Exchange in 2022.According to Court documentsJump Trading said it calculated the loss based on an options model…
Donald Trump is set to speak at the Bitcoin 2024 conference in Nashville, Tennessee. Bitcoin CoinPerine made the announcement Thursday morning. Trump-related meme coins surged after the news broke. The organizers of the Bitcoin 2024 conference are: announce Former US President Donald Trump is expected to be one of the speakers. Bitcoin 2024 is scheduled to take place in Nashville, Tennessee from July 25 to July 27. This is one of the largest Bitcoin conferences in the world, and Trump will be joining the list of top Bitcoiners at a time when cryptocurrencies are becoming an increasingly important topic for…