Category Archive: Cryptocurrency, No picture
Mt. Gox moves $840 million in Bitcoin to new wallet
Defunct crypto exchange Mt. Gox transferred 12,240 BTC, valued at approximately $840 million, to a new wallet over the past hour, according to data from Arkham Intelligence. Following the transfer, Bitcoin’s price experienced a minor dip, dropping below $68,500, according to CoinGecko’s data.Mt. Gox BTC transfer on May 27 – Source: Arkham IntelligenceDespite the latest […]
Shima Capital bets on WOJAK, TRUMP, and three other meme coins
Venture capital (VC) fund Shima Capital accumulated five different meme coins on Monday, according to on-chain data firm Nansen. The VC made bets on Ethereum-based meme coins MAGA, TRUMP, WOJAK, DEGEN, and ANDY. At the time of writing, four out of five of their positions are resulting in unrealized losses.Shima’s highest bet was the DEGEN […]
Bitcoin stuck in accumulation range, but a breakout is near
Despite showing positive weekly closures for three weeks straight, Bitcoin (BTC) is still stuck in the accumulation zone between $60,000 and $70,000, according to the trader identified as Rekt Capital.The current accumulation phase is a common post-halving period, registered in previous cycles, as shared by the trader on X. As BTC failed to register a […]
Uniswap Foundation discloses $41M balance sheet ahead of crucial fee vote
As the Uniswap community prepares to vote on a proposal that would introduce a new fee distribution plan, the Uniswap Foundation has shared its balance sheet, revealing $41.41 million in fiat and stablecoins, as well as 730,000 UNI tokens.The upcoming vote, which is expected to pass based on prior snapshot polls, would transfer control of […]
ZachXBT reveals GCR account hack tied to Solana meme coin team
The May 26 X account hack of the notorious trader known as GCR might be tied to the team behind the meme coin CAT deployed on Solana, shared the on-chain sleuth ZachXBT this Monday. According to ZachXBT, minutes before the hack, an address tied to CAT’s team opened long positions in the tokens ORDI and […]
Ethereum set for bull run, but short-term struggles expected: Kaiko
Last week marked a significant shift in the market sentiment for Ethereum (ETH) following the SEC’s unexpected approval of spot ETH exchange-traded funds (ETFs), and market data suggests that ETH is headed for a bull run soon, according to a report from on-chain analysis firm Kaiko.The SEC’s decision came through the approval of 19b-4 filings […]
Layer 2 rollup Taiko launches on mainnet with Vitalik Buterin proposing inaugural block
Taiko, an Ethereum-based rollup, has launched on the mainnet following a year of development and seven testnet iterations.Ethereum co-founder Vitalik Buterin proposed the inaugural block, which included metadata containing the names of all Taiko core contributors.As a based rollup, Taiko relies on Ethereum block validators to sequence transactions, benefiting from the liveness and security assurances […]
PEPE leaps past MATIC in market cap, registers 79% weekly gains
The meme coin Pepecoin (PEPE) inches closer to the $7 billion market cap after leaping 79% in one week. The movement was enough to surpass Polygon (MATIC) and become the 21st largest crypto by market cap, according to data aggregator CoinGecko.Moreover, PEPE registered a new all-time high this Monday by reaching $0.00001717. Excluding stablecoins, PEPE […]
Hackers target crypto influencer X accounts, shill meme coins
Over the weekend, a series of hacks compromised several X accounts from crypto influencers and celebrities to promote a number of coins, resulting in short-lived price surges.One of the most prominent targets was GCR, whose account was compromised on May 26. After the initial intrusion, the hacker was able to post promotional content on ORDI […]
Political support is bad for Bitcoin in the long run: Samson Mow
Former Blockstream Chief Strategy Officer Samson Mow believes that the newfound political support for Bitcoin could weaken its core principles and increase the risk of future failures that could harm users. “I’m not bullish on politicians becoming pro “crypto.” It may feel nice given the prior hostile anti-crypto stances, but long term it’s bad for […]
