Bankrupt cryptocurrency lender Celsius announced on January 4 that it will unstake 206,300 Ethereum worth approximately $470 million in an effort to facilitate asset distribution to creditors. am. name on social media platform X (formerly Twitter).Chelsea have revealed that a “significant” unstaking event planned will take place in the coming days. Staked Ethereum holdings provided the failing company with “valuable staking reward income” to offset certain costs incurred during the restructuring process.Following this news, Nansen’s Ethereum Shanghai (Shapella) upgrade dashboard showed that lenders are seeking to withdraw 206,300 ETH, or approximately $470 million worth, or 32% of the total ETH…
Author: Crypto Flexs
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More than two years after promising a groundbreaking cryptocurrency game that never materialized, YouTube star Logan Paul has launched a long-awaited buyback program to repay disappointed investors who bought digital assets for his vaporware project. key point Logan Paul launched an NFT project called CryptoZoo in 2021. The project was a play-to-profit game where people could buy, sell, and breed digital animals. Despite people spending millions of dollars purchasing NFTs to use in the planned game, the game never materialized. In January 2023, Logan Paul promised refunds to investors but has yet to deliver. On January 4, 2024, Logan Paul…
The U.S. Securities and Exchange Commission (SEC) filed the application on January 3, 2023, in the U.S. District Court for the District of Columbia. The filing documents a lawsuit against Terraform Labs, its co-founder Dohyun Kwon, and Binance, Binance.US and Zhao ChangfengFormer CEO of Binance. The SEC’s filing drew attention to Judge Jed Rakoff’s Dec. 28 ruling against Terraform Labs and Do Kwon. In this ruling, Judge Rakoff sided with the SEC and found that certain tokens involved in the alleged Terraform fraud were securities. This is an investment contract and the basis is that the offer and sale of…
Cryptocurrency trader and strategist Ali Martinez expressed bullish sentiments about Ethereum (ETH), the most liquid staking protocol by market capitalization. Martinez says 39,200 Followers on the X Social Media Platform LidoDAO (LDO) is forming an ascending triangle on the weekly chart, which is generally considered bullish. According to Martinez, LDO could rise in value by about 83% from current levels. “Watch the $3.30 level closely! A sustained weekly close above this mark could trigger a bullish breakout, potentially pushing LDO to a new all-time high of $6.” Source: Ali Martinez/X As of this writing, LDO is trading at $3.27. Next…
The European Banking Authority (EBA) and the European Systemic Risk Board (ESRB) have launched a significant investigation into the complex relationships that exist between traditional banks and non-bank financial institutions (NBFIs). Fast development. Significant concerns have been raised about the potential systemic risks that such linkages could pose, particularly in times of severe fiscal pressure. The move highlights growing concerns. Nearly half of global financial assets, estimated at $219 trillion, are currently held by non-bank financial institutions (NBFIs), including hedge funds, private equity funds, money market funds, and cryptocurrency companies. As a result of this rapidly growing industry, new dynamics…
Posted 1 minute ago In ~ In a Bitcoin production and mining operations update released yesterday, Marathon Digital Holdings announced that it produced a company-record 1,853 Bitcoins (worth $81.2 million at current prices) last month.The company mined 12,852 Bitcoin (worth $563.4 million) last year, more than tripling from 4,144 BTC in 2022. Marathon also increased its average operational hash rate by 18% month over month to 22.4EH/s.“In December, we increased our active hashrate by 4% to 24.7 exahash and extended our lead as the largest publicly traded Bitcoin miner in North America,” Fred Thiel, Marathon’s president and CEO, said in…
tl;dr Altair is coming fast. Upgrade your nodes! now! 🚨Upgrade to Altair before October 27th🚨 As mentioned in Previous Last Post, Altair is scheduled to launch at epoch 74240, October 27, 2021, 10:56:23 AM (UTC). reference Altair Mainnet Announcement Learn more about who does it, how, and why. Suffice it to say here that the upgrade will be completed in about a week. So the time it takes to upgrade a node is now. Running a validator on the beacon chain ~ have to If you do not upgrade before the Altair upgrade period, you will incur a downtime penalty.…
Ethereum co-founder Vitalik Buterin announced Ethereum’s 2024 roadmap. This roadmap details the network’s activities and upgrades throughout the year. In a series of tweets, he also revealed that there will be several changes to the roadmap and highlighted six key components of the Ethereum network that he will focus on throughout 2024. The components include Merge, Surge, Catastrophe, Verge, Purge, and Flaunt, which represent the efforts made by developers to optimize and improve the functionality and performance of the Ethereum network. In this article, we will discuss the six key elements highlighted in Ethereum’s 2024 roadmap. Stability and Maturity Vitalik…
The total value of fixed assets (TVL) on the Ethereum (ETH) layer 2 network has exceeded $20 billion. According to the L2beat platform, TVL briefly exceeded $21 billion on January 5, before eventually falling to $20.41 billion as of this writing. This is a new milestone for Ethereum-based Layer 2. Source: L2beat Moreover, Tier 2 TVL is not far from its peak, having increased 33% over the past month to its current level of $20.4 billion. However, L2 TVL has grown by a whopping 333% over the past year, from approximately $4.8 billion in early January 2023. According to DeFiLlama,…
MKR’s network activity has increased. The tokens evaluated on the weekly chart showed that they are poised for further price rises. So far, there has been a noticeable increase in the number of daily addresses executing transactions involving Maker (MKR) tokens, according to on-chain data from Santiment. As of January 4, 610 addresses have completed transactions involving altcoins, a 3% increase from the 594 addresses recorded on January 1. While the number of daily active addresses is increasing, MKR has also seen a corresponding rally in daily new demand. The daily number of new addresses created for alt transactions has…