Ethereum founder Vitalik Buterin has conducted massive transactions involving trillions of meme tokens, which has left the wider cryptocurrency space wondering about the motivations behind the founder’s decisions. Ethereum founder executes massive Memecoin sale. Ethereum inventor and founder, Vitalik Buterin Reports emerged of his significant memecoin sales, making new headlines. According to a blockchain security company, PeckShield Alert, A wallet address labeled Vitalik was seen exchanging 100,000,000,000,111.111 DOBE tokens worth approximately $22,900 at 10.44. Ethereum Token (ETH). Additionally, the wallet launched another sale of 1,858,140,000,000 DOJO tokens worth $6800 at 3.12 ETH. The motive for the sale is not yet…
Author: Crypto Flexs
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Crypto investment firm Ikigai Asset Management has sold $65 million of its claims in the FTX bankruptcy case, Chief Investment Officer Travis Kling said on Friday. post At X.“We got a price we were happy with and a much higher price than we had expected just six months ago,” Kling wrote. “Now that we have received the cash proceeds from the sale of claims, any investor wishing to redeem from the fund can do so. The majority of the capital remains in the fund.”cling said Last year, the company held a ‘vast majority’ of its assets in FTX and was…
These RWA trends herald a new era in finance and offer solutions to long-standing challenges. Their current market capitalization may seem minuscule, but their transformational potential is immeasurable. Stablecoins, tokenized government bonds, decentralized private credit, physically backed NFTs, consumer brand NFTs, DeFi in climate and regenerative finance, tokenized deposits/wholesale bank payments are not just trends. These are the building blocks of a more inclusive, efficient and sustainable financial future. As we navigate 2024, these innovations will undoubtedly lead the way, opening up unparalleled opportunities for businesses and individuals alike.
Possibility ripple ‘burning’ Escrowd XRP funds Came up for discussion. This development could become a major talking point. XRP Community We continue to complain about XRP’s lukewarm price action. Can Ripple burn escrowed XRP funds? in post on his X (formerly Twitter) platform. ripple Director Matt Hamilton suggested a way for Ripple to potentially ‘burn’ its XRP holdings in escrow lockup. He said Ripple can typically disable the master key of the target account that receives these escrow funds. Hamilton believes this achieves the same purpose as a token burn, considering that once the tokens are released from escrow, no…
Crypto analysts have predicted that Bitcoin will soon surge following the anticipated approval of spot Bitcoin ETFs in the United States on January 10th. An analyst from the popular CryptosRUs channel predicted in his YouTube video on December 22 that Bitcoin (BTC) and the overall cryptocurrency market could soon be poised for a big rally. He set January 10th as a target date based on widespread expectations that the SEC would finally approve a Bitcoin spot exchange-traded fund (ETF) in the United States. Analysts cited closed-door meetings between the SEC and all major ETF issuers as evidence that approval is…
Deep-pocketed cryptocurrency traders are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other digital assets to popular cryptocurrency exchange platforms. High-net-worth investors are moving $400 million worth of flagship cryptocurrency assets and $70 million worth of top altcoins, according to new data from whale-watching platform Whale Alert. Trades involving BTC and ETH on Whale Alert’s radar include: 3,979 BTC worth $175,237,686 was transferred to Coinbase from an unknown wallet. 2,244 BTC worth $97,937,208 was transferred to Coinbase from an unknown wallet. 1,040 BTC worth $45,608,237 was transferred from Coinbase to an unknown new wallet.…
BitMEX Founder Arthur Hayes Revealing bold predictions for cryptocurrency assets, he revealed that he is turning his attention to Ethereum (ETH). Arthur Hayes doubles down on Ethereum Arthur Hayes recently tweeted share His optimism and predictions about the future ethereum, This post has since resonated with the entire cryptocurrency community. Known for his insightful market analysis, Hayes claimed to have had a revelation about ETH while meditating, which led him to make significant changes to his cryptocurrency holdings. He cynically claimed that he had received instructions from the Lord on Post X. Following this heavenly directive, Hayes reportedly sold his…
SEC Enforcement Director Gurbir Grewal wrote that federal prosecutors suing cryptocurrency startup Digital Licensing “fell short” of standards after a rebuke from a Utah court. The U.S. Securities and Exchange Commission (SEC) made misrepresentations during an enforcement action against DEBT Box, alleging that the blockchain company defrauded thousands of investors out of nearly $50 million. The committee’s attorney stated at the July 28, 2023 hearing that the information was inaccurate, something he was unaware of at the time. Commission lawyers failed to correct the statement when they learned of its inaccuracies. SEC filing The 27-page SEC filing is a response…
Despite the strength of other cryptocurrencies such as Solana (SOL) and Cardano (ADA), the price of Ethereum (ETH) fell below $2,500. On December 22, Ram Ahluwalia, CEO of Lumida Wealth, offered a theory as to why the price of ETH is likely to recover and reverse its losses against I did. ETHE discount ends quickly To explain, the CEO pointed Here is a chart of ETHE that has consistently closed at a discount over the past few trading months. Ahluwalia observed a 4% rise on December 22, further reducing the discount. ETHE discount ends | Source: Ram Ahluwalia from X…
Posted 1 minute ago In ~ Ohio-based data center infrastructure provider Akron Energy has raised $110 million in private funding to expand its data center megawatt capacity, which will primarily power its Bitcoin mining operations, TechCrunch reports.Alternative investment manager Bluesky Capital Management led the round, with additional participation from Kestrel 0x1 and Nural Capital.According to TechCrunch, Akron Energy will use $80 million in funding to expand its data centers across Ohio, North Carolina, and Texas by an additional 200 MW, with the goal of increasing its overall megawatt capacity by 130% by June 2024. Akron Energy CEO Josh Payne added…