Tag: 12M

Is Ethereum Doomed? Whales Have Sold 12M ETH In Past Year

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On-chain data shows Ethereum whales have sold around 12 million in the cryptocurrency within the past year and have shown no signs of slowing down. Ethereum Whale Holdings Have Been In Constant Downtrend Since 2020 In a new post on X, analyst James V. Straten has discussed how the Bitcoin and Ethereum whales have shown some stark contrast in their behavior. Here is the chart that the analyst has shared, which compares the trends in the holdings of these humongous holders for the two assets over their entire history: How…

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

Bald’s mysterious rise in early August came when Base, a blockchain built by crypto exchange Coinbase, wasn’t even officially open to the public. A viral post of a trader turning $500 to hundreds of thousands sent Bald zoomed 4,000,000% within days, attracting over $66 million in ether to the ecosystem as traders hoped to squeeze out returns from an otherwise flat broader market. Source

Nexo in Court With a Co-Founder Over $12M in Missing Assets

According to the court judgment by the London’s High Court on June 27, Nexo and its co-founder Georgi Shulev are disputing the whereabouts of a Ledger hardware wallet containing some of the company’s crypto holdings. Shulev, who is a son of Bulgaria’s former deputy prime minister Lydia Shuleva, founded the company in 2019 together with Antoni Trenchev, who used to be a member of Bulgaria’s parliament, and other co-founders, Kosta Kantchev and Kalin Metodiev. Shulev left the company, which provides crypto trading, lending and custody services, in 2019. The legal…

HyperPlay raises $12M in Series A funding round

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On June 8, HyperPlay — a Web3-native game launcher — said it closed its Series A funding round after raising $12 million from investors, including co-leaders Griffin Gaming Partners and Bitkraft Ventures.  Other investors include MetaMask’s parent company ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures and Monoceros Ventures. HyperPlay, which was established in November 2022 by MetaMask and Game7 DAO, says its platform tackles the Web3 gaming interoperability challenge “head-on,” providing interoperability for Web3 gaming, and allowing developers to work without being bound by centralized entities like Apple, Google and…

Yield farming app accumulates $12M TVL 2 weeks after launch

A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets inside an app’s smart contracts. Origin Ether total value locked, May 9-30. Source: DefiLlama The app was launched on May 16, according to a representative from the development team. DefiLlama data shows the app already had $793,000 locked inside its contracts before the launch, which team members or…

Crypto Media Company Blockworks Raises $12M at $135M Valuation

“For the past year, we’ve been building Blockworks Research, a powerful investment platform that brings together data, analytics, research, governance, and real-time news,” Blockworks co-founders Jason Yanowitz and Michael Ippolito wrote in an announcement post. “Financial institutions and deeply crypto-native investors rely on Blockworks Research to make better decisions. This investment allows us to double-down on this effort to bring better information to the industry.” Source