Ethereum (ETH) fell 6.45% last week, a major decline for the world’s second-largest cryptocurrency. In general, Ether has given investors a lot of hope, with a 16.57% price drop in recent months. Amid this bear market, one cryptocurrency whale sold all of its Ethereum tokens, garnering a lot of attention from traders and market experts alike. ETH Whale liquidates its holdings and suffers significant losses In a May 11 Although the profits seem quite large, LookonChain says investors actually recorded a loss of $6.5 million based on the acquisition price of these tokens. Whale trading receives a lot of attention…
Author: Crypto Flexs
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Ethereum, the world’s second-largest cryptocurrency, has had a roller coaster ride recently, falling below the psychologically important $3,000 threshold, but has bounced back. Ethereum’s price action has been a confusing mix of bullish and bearish signals. Bullish whispers: new investors and near-term surge A recent surge in new addresses on the network has provided a glimmer of hope for Ethereum’s bull run. The number of new Ethereum addresses has surged past 160,000, according to Glassnode data. This is a stark contrast to the low of less than 100,000 in January. This influx of new users suggests that interest in and…
Last year, Stand With Crypto, an advocacy group launched by Coinbase, formed a new affiliated federal political action committee (PAC) to raise money from its 440,000 members to support cryptocurrency-friendly politicians.According to a statement shared with The Block, the funds raised will be used to support bipartisan candidates running for the House and Senate in the November U.S. elections.Stand With Crypto is a 501(c)(4) that aims to mobilize U.S. cryptocurrency holders to push for clear and reasonable regulation and leverage education initiatives and public engagement to influence legislation and support innovation within the cryptocurrency industry. It operates as a non-profit…
In a whirlwind of funding activity, several projects in the blockchain and cryptocurrency space have recently secured venture capital backing to fuel their growth and development. Arbelos Markets secured $28 million. Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently secured a sizable $28 million in funding. This investment round was led by Dragonfly Capital, with participation from Room40 Ventures, Selini Capital, Breed VC, FalconX, and Circle Ventures. Founded by Joshua Lim and Shiliang Tang, Arbelos aims to strengthen its quantitative trading infrastructure, expand its product offering and strengthen its market presence with the newly…
With cryptocurrency traders closely watching three technical indicators for confirmation, it is said that the altcoin market is currently in a ‘stage of disbelief’ and could soon move into an ‘explosive rally’ if history repeats itself.“Altcoin market caps are currently in a phase of distrust and have historically seen explosive gains,” cryptocurrency analyst Milkybull crypto told his 66,600 X followers in a May 11 post.The distrust stage is where investors remain skeptical despite positive market signs, as evidenced by the significant 24-point drop in the Fear and Greed Index over the past 30 days. The current ‘Greed’ score is 56…
Candy Jets, a leading private jet charter service, has partnered with prominent Bitcoin service provider CoinCorner to accept payments in Bitcoin for luxury travel services, becoming one of the first companies in the industry to adopt this payment method. A press release was sent to Bitcoin Magazine.JUST IN: Private jet charter service Candy Jets is now allowed. #Bitcoin Lightning Payments 🚀 pic.twitter.com/hs3hgrmwyG— Bitcoin Magazine (@BitcoinMagazine) May 10, 2024 “Today’s announcement marks the beginning of an exciting new opportunity for Candy Jets customers to pay for our market-leading services with Bitcoin,” said Laura Green, co-founder of Candy Jets. “This announcement further…
CARV Launches Nodes for Chaperone and Announces Up to 100% Node Buyback Program to Hyperscale Data Layer – Chainwire housenewsroomCARV announced Chaperone’s node launch and up to 100% node buyback program to hyperscale its data layer. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic…
Harvest Global CEO and CIO Tongli Han ‘does not rule out’ applying to offer Bitcoin and Ether exchange-traded funds through the Stock Connect program for mainland Chinese investors within the next two years “if all goes well” He said.Harvest Global is one of Asia’s first spot Bitcoin and Ether ETF issuers, along with China Asset Management (ChinaAMC) and Bosera/HashKey. Bosera/HashKey listed on the Hong Kong Stock Exchange last month as part of the city’s plans to become a global cryptocurrency. hob.Han’s remarks were made at the two-day Bitcoin Asia conference, which began in Hong Kong on Thursday, the South China…
Dubai, United Arab Emirates, May 10, 2024, Chainwire Bybit, one of the world’s top three cryptocurrency exchanges by trading volume, has announced its Proof of Reserves audit, which includes the most comprehensive 40 cryptocurrencies in the sector, reiterating its commitment to transparency and trustworthiness. Cryptocurrencies more than 100% supported include: BTC, ETH, USDT, USDC, AGI, AGLA, APEX, APT, ATOM, AVAX, BEAM, BLUR, COMP, CRV, DAI, DOGE, DOT, DYDX, EOS, FET, FTM, GALA, IMX, LDO, LINK, LTC, MANA, MATIC, MNT, OP, PEPE, RNDR, SAND, SHIB, SHRAP, SOL, SUSHI, UNI, WLD and XRP. The reserve ratios of major cryptocurrencies are BTC: 116%,…