Recent on-chain data from CryptoQuant indicates a notable uptick in selling activity among Bitcoin miners. Over the last 24 hours, miners have reportedly sold nearly 10,600 BTC, equivalent to approximately $455.8 million. Simultaneously, the Bitcoin network has experienced a 34% decrease in hashrate since last Friday, dropping from a peak […]
Author: Will Izuchukwu
Socket Faces Security Breach Resulting In ~$3.3M Loss
Socket, a protocol in the decentralized finance (DeFi) space, recently encountered a security incident that led to a loss of approximately $3.3 million. The vulnerability stemmed from a call injection attack on the Socket protocol, specifically impacting wallets with infinite approvals to Socket contracts. As a response, all affected contracts […]
Whale Sell-Offs Indicate Significant Downturn For $LDO And $AAVE
Over the past 24 hours, both $LDO and $AAVE have experienced notable declines in their respective values, shedding 15% and 3%. The primary catalyst for these downturns appears to be substantial token sales by prominent holders, commonly known as whales. Insights from on-chain analytics platform Spotonchain unveiled a recent sizable […]
Ethereum’s Market Dominance Surges As Bitcoin Consolidates After ETF Adoption
While Bitcoin’s price has been in a consolidation phase post ETF adoption, Ethereum is witnessing significant gains. Currently trading at $2,571, Ethereum’s market valuation has reached $308.97 billion, marking a 1.53% increase. According to Santiment data, Ethereum’s price dominance against Bitcoin has surged by +22.4% in the past week. This […]
Bitcoin Spot ETFs Garner Nearly $10 Billion In Three Days; Grayscale Dominates Trading Volume
The U.S. Bitcoin spot ETFs witnessed a staggering total trading volume of almost $10 billion within a span of three days, according to insights from Bloomberg analyst James Seyffart. Grayscale GBTC led the charts with a three-day trading volume of $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion and […]
Klaytn and Finschia Explore Merger To Forge Asia’s Largest Web3 Ecosystem
Blockchain networks Klaytn, backed by South Korea’s Kakao, and Finschia, developed by Japan’s LINE, have unveiled a merger proposal aimed at combining their technologies and user bases, potentially establishing the most extensive web3 ecosystem in Asia. The proposed merger between the leading blockchains in Japan and South Korea anticipates the […]
Decentralized Finance’s ($DeFi) Lending Protocols Flourish in 2024: Radiant Capital ($RDNT) Takes The Lead
The world of decentralized finance (DeFi) is experiencing a surge in lending protocols, with Radiant Capital ($Rdnt) leading the pack with an impressive 188% surge in coin performance in 2024. Notably, $QI, $SILO, and $WELL are following closely, each experiencing over 100% growth. Among lending protocols in the DeFi space, […]
Polygon Faces Allegations Of Token Allocation Issues And Suspicious Flows To Exchanges
Polygon, a prominent blockchain network, is under scrutiny for apparent discrepancies in its token distributions, raising concerns about potential collaboration with Binance, as reported by intelligence organization ChainArgos. ChainArgos conducted research revealing disparities between Polygon’s stated objectives for token distribution and the actual movement of tokens. The primary focus of […]
Blur Token ($BLUR) Demonstrates Resilient Bullish Trend
In recent times, the price of Blur Token ($BLUR) has been consistently shaped by positive market conditions, and today is no exception. The bullish trajectory of Blur Token is evident over the past few months, showcasing impressive performance metrics. Over the last 90 days, $BLUR has surged by an astonishing […]
Bitcoin Faces Selling Pressure As Big Whales Move Older Coins
Since the introduction of the Bitcoin ETF last week, Bitcoin’s price has shown modest performance, hovering around the $42,000 mark. Despite a spike to $48,000 during the ETF certification process, significant selling pressure has emerged in the aftermath. Reports from Santiment reveal that prominent Bitcoin wallets are swiftly liquidating older […]
Weekend Dynamics: Short Positions Dominate In Axie Infinity And Bitcoin Cash
This weekend brings an interesting twist to the crypto market, with a notable prevalence of short positions over longs in a specific group of cryptocurrencies. Notably, Axie Infinity ($AXS) and Bitcoin Cash ($BCH) defy the general trend, standing out as exceptions among traders who anticipate an imminent market bounce. In […]
XAI Token Surges 42% After Successful $70 Million Airdrop In GameFi Space
$XAI, a pioneering Layer 3 blockchain designed specifically for gaming utilizing $ARB technology, has swiftly rebounded with a robust 42% surge, establishing itself as a standout performer in the burgeoning GameFi sector. The digital asset recently achieved a new all-time high (ATH) after experiencing a dip post-airdrop on January 9, […]
Chainlink (LINK) Shows Signs Of Revival With Recent Surge
Chainlink (LINK) is demonstrating potential signs of a revival, overcoming recent challenges in the market. Over the weekend, LINK experienced a noteworthy breakthrough, reaching $15.82 for the first time in two weeks. A particularly significant aspect of this resurgence is the fact that exchanges now hold less than 15% of […]
Maker (MKR) Witnesses Notable Whales Accumulation Amidst 70% Price Surge
In the last month, Maker (MKR), the governance token linked to MakerDAO and the Maker Protocol, has seen an impressive 70% surge in its price. A recent analysis by LookOnChain, a prominent on-chain expert, suggests that during this period, significant crypto whales have been actively accumulating MKR. The report highlights […]
Bitcoin’s Recent Price Volatility Sparks Concerns Amidst SEC’s ETF Approval
The recent rollercoaster ride in Bitcoin’s price has left the cryptocurrency community on edge. Despite optimistic expectations following the SEC’s approval of Bitcoin ETFs, the reality has proven different. Bitcoin’s dip below $43,000 has positioned it slightly under a crucial on-chain level, triggering concerns within the market. Notably, 2.68 million […]
Ripple Labs Plans $285 Million Share Repurchase In Response To Market Dynamics
Ripple Labs has unveiled its intention to conduct a share repurchase, or tender offer, valued at $285 million, targeting initial investors and staff members. This move places the company’s valuation at an impressive $11.3 billion. According to sources from Reuters, participants in this tender offer are restricted to selling a […]
$MYRO Demonstrates Remarkable Resilience With A 57% Market Cap Surge
Even amid a predominantly red day for memecoins and leading cryptocurrencies, $MYRO has exhibited impressive strength, catapulting its market cap to a remarkable $170 million in just one day—a notable 57% increase. This substantial growth underscores the patience and resilience of the $MYRO community, showcasing its ability to weather market […]
WiseLending Protocol Faces Price Manipulation Attack, Resulting In $460k Loss
WiseLending, a comprehensive financial services platform in the decentralized finance (DeFi) space, recently fell victim to a price manipulation attack, leading to a substantial loss exceeding $460,000. Distinguished as a one-stop-shop for DeFi financial services, Wise Lending is dedicated to simplifying yield generation while providing top-tier Annual Percentage Yield (APY) […]