The alleged mastermind behind the Solana memecoin protocol Pump.fun exploit has been arrested in London. British authorities arrested former contractor Jarett Dunn, known online as @STACCoverflow, in the early hours of May 18, according to Blockworks, citing sources familiar with the operation. The arrests reportedly came after a meticulous 26-hour intelligence operation by third-party stakeholders who hired a private intelligence firm. The operation utilized social media posts and other publicly available information to trace Dunn’s London whereabouts. Local agents, or “auxiliaries”, were reportedly called in for a large-scale search that eventually led them to the Middle Eight Hotel in Covent…
Author: Crypto Flexs
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One closely watched cryptocurrency analyst believes market participants are too pessimistic about the chances of regulators approving a spot Ethereum (ETH) exchange-traded fund (ETF). Altcoin Psycho, a pseudonymous analyst, tells his 501,800 followers on social media platform “The market is 100% underestimating the odds of the ETH ETF. We are also underestimating the impact it will have on prices. Buying ETH below $3,000 before the ETF would end up being a clear hindsight trade. “It is now clear that we should have bought Bitcoin before the ETF.” Only 13% of traders believe an ETH ETF will be approved by the…
Experts suggest that the current Bitcoin market analysis is meaningless without a significant breakthrough.As Bitcoin enthusiasts and investors eagerly monitor price movements, Mati Greenspan, founder of Quantum Economics, offers a unique perspective, labeling most ongoing Bitcoin analysis as ‘noise’. Greenspan argues that significant market movements will not be accurately predicted until Bitcoin approaches or exceeds the critical $70,000 level.The Importance of the $70,000 ThresholdAccording to Greenspan, the current range between $50,000 and $70,000 is broad, and movements within this spectrum are less significant unless a breakout occurs. Bitcoin’s current trading price is around $65,585, which puts it very close to…
With the value of Bitcoin surging and Wall Street circling like a hawk, the U.S. cryptocurrency industry is holding its breath as a crucial vote approaches in Washington next week. The 21st Century Financial Innovation and Technology Act (Fit21) could reshape the regulatory landscape for digital assets, potentially either accommodating the industry or putting the brakes on its recent rapid growth. Fit21: Lifeline or leash? Fit21 proposes major changes to the way the U.S. government handles digital currencies. The current regulatory environment is fragmented, with both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) having…
Share this article In contrast to the enthusiasm prior to the approval of the spot Bitcoin ETF, reports over the past few weeks suggest that optimistic expectations about the approval of an Ethereum product have cooled. Katherine Dowling, general counsel for ETF applicant Bitwise, told Bloomberg this week that she expects it to be rejected next week due to the lack of public activity typically seen before approval.“Most people expect a universal order of disapproval,” Dowling said. “You won’t be able to see the types of public activity you would see if you had permission.”In a CNBC interview, VanEck CEO…
Hello, this is Yuta! As some of you may have read in my previous post, I’ve been busy recently preparing for a security audit ahead of the release of the Ethereum genesis block. Ethereum will be launched after a world-class review by experts in IT security, cryptography, and blockchain technology. Prior to launch, we will also complete our bug bounty program, a key cornerstone of our approach to achieving security. The bug bounty program relies on the Ethereum community and all other motivated bug bounty hunters. Gustav will soon reveal the final details of the program currently in development. First…
ETH may be nearing bottom after failing to surge in transaction volume. Prices may fall, but traders are confident of a quick recovery. On May 19, AMBCrypto observed that the average transaction size for Ethereum (ETH) had fallen to $2,767. This is a 54.13% decrease from the metric when the month began. The average transaction size at the time was $5,893, according to data from IntoTheBlock. For beginners, average trade size determines the average trade value in dollars for an asset on a particular day. Historically, spikes in this metric signal high user activity, especially from large investors and institutions.…
PEPE has recently grabbed the headlines, New All-Time High (ATH) this week. Meme coins also received attention. crypto whale A person who has recently accumulated cryptocurrency tokens. Whales accumulating meme coins would suggest that now may be a good time to buy PEPE, but it may not be. Crypto Whale Purchases 720 Billion PEPE Tokens On-chain analysis platform Lookonchain Recently, a whale purchased $520 billion worth of PEPE, which caught the attention of the cryptocurrency community. Cryptocurrency exchange Binance. However, these moves may have been motivated by FOMO (Fear of Missing Out), as Lookonchain points out that this trader has…
Despite the recent surge in activity from large investors called “whales,” the price of Toncoin (TON) appears to be headed for a steeper trend. This comes as analysts have raised concerns about weakening technical indicators for the cryptocurrency and a possible breach of key support levels. Related Reading advertising Whales are all the rage, but can they save the day? In a recent report, Joao Wedson, a cryptocurrency analyst at CryptoQuant, observed a significant surge in whale activity on the Toncoin network. In the past few weeks, transactions exceeding 100,000 tonnes (equivalent to approximately $645,000 at current prices) have exceeded…
Despite the recent surge in activity from large investors called “whales,” the price of Toncoin (TON) appears to be headed for a steeper trend. This comes as analysts have raised concerns about weakening technical indicators for the cryptocurrency and a possible breach of key support levels. Related Reading Whales are all the rage, but can they save the day? In a recent report, Joao Wedson, a cryptocurrency analyst at CryptoQuant, observed a significant surge in whale activity on the Toncoin network. In the past few weeks, transactions exceeding 100,000 tonnes (equivalent to approximately $645,000 at current prices) have exceeded $1…