The Block • July 5, 2024 3:31 PM EDT Posted 1 minute earlier In ~ 9,500 was deposited into 2 wallets. Bitcoin -2.94% Since June 27, there has been an influx of funds into Binance, meaning whales are liquidating around $550 million worth of cryptocurrencies.First spotted by blockchain analytics firm Lookonchain, the wallet could represent a whale cashing out $537 million worth of bitcoin. When transfers began last week, the stash was worth closer to $575 million. Lookonchain also analyzed the timing of transfers between the two wallets and found a correlation between transfers to addresses tagged by Arkham Intelligence…
Author: Crypto Flexs
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Talk of altcoin season has died down after the total cryptocurrency market cap briefly fell below $2 trillion. The decline was the result of a wide-ranging price crash that saw many altcoins reach extremely lows that haven’t been seen in weeks, months, and even years. Despite the steep correction, several cryptocurrencies showed gains in the first week of July. The top five are: MultiversX (EGLD) Bulls Show Resilience MultiversX (EGLD), the native token of the new Internet Economy blockchain, has seen a 1.5% increase in the last 7 days. However, it has performed better in the last 24 hours, with…
The galaxy once flourished under the rule of the Empire, a vast civilization that spanned the entire universe, as shown on every chart. The architects of the Empire designed a system of checks and balances to prevent any single faction from gaining absolute power. However, the factions became factions that fought each other for greater control, each with their own agendas and ambitions. The royals, the guards, and the arbiters ultimately sowed the seeds of the Empire’s downfall. Royals The royals, heirs of an ancient bloodline, claimed a divine right to rule. They believed that…
Multicoin Capital, a cryptocurrency and blockchain investment firm, is donating up to $1 million to support Republican lawmakers who support cryptocurrencies. The company said it will match up to $1 million for every SOL donated over the next 10 days through The Sentinel Action Fund, a conservative, ultra-political action committee. The donation process is being powered by cryptocurrency exchange Gemini, according to the site. “We recognize and are committed to political engagement, and that starts with supporting candidates who believe America should remain free to innovate,” said Kyle Samani, Managing Partner at MultiCoin Capital. post On Friday X. “By donating,…
Cardano co-founder Charles Hoskinson has come out in support of ADA, arguing against those labeling it “dead.” Despite the support, ADA continued to decline and bearish market sentiment persisted. Cardano (ADA) co-founder Charles Hoskinson has recently been involved in a heated debate with cryptocurrency analysts. It all started when cryptocurrency analyst Ben Armstrong claimed that Cardano was dead. He claims in a YouTube video that ADA has indeed disappeared, adding that this time things are different and investors should not watch their investments take a hit. He continued this discussion on his X (formerly Twitter) page, which sparked a backlash…
Phishing emails were sent to 35,794 email addresses on 2024-06-23 00:19 AM UTC. Update@blog.ethereum.org With the following contents Users who clicked on the link in the email were taken to a malicious website. The website was running a crypto drain in the background, and when users created a wallet and signed a transaction requested by the website, money was drained from the wallet. Our internal security team immediately launched an investigation to determine who initiated the attack, what the purpose of the attack was, when it occurred, who was affected, and how it occurred. Some of the initial steps include:…
Arkham Intelligence Announces Partnership with Galatasaray SKArkham Intelligence has officially announced a strategic partnership with Galatasaray SK, the current champions of the Turkish Süper Lig. According to Arkham Intelligence, the collaboration, which will run for two seasons starting from the 2024/25 season, will see Arkham branding prominently displayed on the left sleeve of the Galatasaray A-team shirt.Collaboration detailsThe partnership aims to leverage Galatasaray’s massive fan base to strengthen Arkham’s presence in Turkey. The collaboration is expected to increase brand visibility and drive community engagement in the Turkish market.Expanding Community ParticipationArkham Intelligence expressed their enthusiasm for…
BNB recently fell below the important $500 support level, signaling a continuation of the downtrend. This decline shows increasing selling pressure and growing bearish sentiment within the cryptocurrency markets. As BNB falls below this critical threshold, analysts and traders are watching for further downside moves, potentially targeting lower support levels. A break of the $500 mark is a key indicator of continued market weakness, suggesting that BNB could face continued challenges in the short term. This article explores the bearish sentiment around this area, with technical indicators providing comprehensive insight into potential future trends, key support levels to watch, and…
Bitcoin was looking for a bounce when Wall Street opened on July 5, as the market digested the start of Mt. Gox refunds.BTC/USD 1-hour chart. Source: TradingViewBitcoin Bull Market: “The Road Ahead Is Rocky”According to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price has bounced 3.8% from its low of $55,550 on Bitstamp.This marked the lowest level for BTC/USD since late February as liquidations increased and sentiment neared “extreme fear.”Market experts were surprised by the scale of the recent decline, but blamed it on transfers originating from wallets associated with the Mt. Gox rehabilitation process.“The first transfer…
Organizers of a crowdfunding campaign that raised nearly $700,000 in March to bring Solana’s meme coin, Dogwifhot (WIF), to the Las Vegas Sphere are confident the advertising deal will go through despite the long wait.Mihir, one of five organizers listed on the official “sphere wif hat” website, told Cointelegraph he is “90 percent sure” the campaign will feature mascots in the Las Vegas Sphere for a week.A Las Vegas Sphere NBA promotion shot from the street. Credit: Akash Gupta/XMihir added that Sphere representatives coined the new “crypto-only” term after hearing about the campaign, and that there were internal meetings to…