Tag: ETH

Hyperliquid’s mystery 50x ETH whale is now betting on LINK

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The cryptocurrency trader whose ultra-leveraged Ether (ETH) trade tested Hyperliquid’s limits on March 12 has entered another multimillion-dollar position, this time in Chainlink (LINK), onchain data shows.  On March 14, the anonymous whale, referred to on X as “ETH 50x Big Guy,” took out long positions in LINK worth approximately $31 million with 10 times leverage, according to Lookonchain, a Web3 analytics service.  He placed the bets on Hyplerliquid and GMX, two popular perpetuals exchanges, Lookonchain said in a March 14 X post. Additionally, the whale accumulated roughly $12 million…

ETH falling by 20% may trigger $336M in DeFi liquidations — Web3 exec

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If the price of Ether (ETH) falls by a further 20%, the price decline could trigger a cascade of up to $336 million in decentralized finance (DeFi) liquidations, according to Kevin Rusher, founder of the real-world asset (RWA) lending platform RAAC. The executive warned that a decline to $1,857 would trigger $136 million in liquidations, and a price drop to $1,780 could potentially trigger an additional $117 million in loan liquidations — making these the next price levels to watch. Rusher added that the worst-case scenario would be a 20%…

Bybit CEO reacts to Hyperliquid ETH liquidation, questions DEXs guardrails

Bybit CEO Ben Zhou shares his thoughts on the massive Hyperliquid ETH whale liquidation which led to the platform losing $4 million. He highlights issues that come with leverage on CEXs and DEXs. In a recent post, Zhou explained how the whale was able to pull off an enormous liquidation with a long position of 175,000 ETH (ETH) (valued around $340 million) with 50x leverage without triggering a market crash. He said the whale was able to make a “quick and clean” exit while letting Hyperliquid take the fall. “Why…

Lazarus Group Moves 400 ETH to Tornado Cash

North Korea’s Lazarus Group continues its crypto laundering operations, moving illicit funds while deploying new malware to target developers and steal digital assets. On Mar. 13, blockchain security firm CertiK detected a deposit of 400 Ethereum (ETH), worth around $750,000, to Tornado Cash. The transaction was traced back to Lazarus’s activity on the Bitcoin (BTC) network. The group has been linked to multiple high-profile hacks, including the $1.4 billion Bybit exploit in February.  #CertiKInsight 🚨 We have detected deposit of 400 ETH in https://t.co/0lwPdz0OWi on Ethereum from:0xdB31a812261d599A3fAe74Ac44b1A2d4e5d009010xB23D61CeE73b455536EF8F8f8A5BadDf8D5af848. The fund traces…

Lazarus Group sends 400 ETH to Tornado Cash, deploys new malware

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North Korean-affiliated hacking collective the Lazarus Group has been moving crypto assets using mixers following a string of high-profile hacks.  On March 13, blockchain security firm CertiK alerted its X followers that it had detected a deposit of 400 ETH (ETH) worth around $750,000 to the Tornado Cash mixing service.  “The fund traces to the Lazarus group’s activity on the Bitcoin network,” it noted.  The North Korean hacking group was responsible for the massive Bybit exchange hack that resulted in the theft of $1.4 billion worth of crypto assets on…

Second Largest Spanish Lender BBVA Announces BTC and ETH Trading Services Platform

Banco Bilbao Vizcaya Argentaria (BBVA), the second-largest lending institution in Spain and one of the largest in Europe, has announced the integration of crypto into an upcoming platform as part of its service offering. The development comes as the bank received approval from the country’s securities regulator to do so, mentioning bitcoin and ether only […] Source CryptoX Portal

ETH price could drop to $200 in bear market

Ethereum could see a drastic price drop to as low as $200–$400 if the crypto market has entered a new bear cycle, according to Quit, vice president of blockchain at Yuga Labs. In a Mar. 11 post on X, Quit questioned optimistic price targets for Ethereum (ETH). While many see $1,500 as a likely floor for ETH, he warned that if the downturn is only beginning, historical trends suggest an 80–90% drawdown could push prices as low as $200–$400. He also pointed out that Ethereum’s 30% weekly drop and 50%…

Coinbase to launch 24/7 BTC, ETH futures in US

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Coinbase announced on March 10 that it plans to offer 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures to US residents. The exchange is also launching perpetual futures trading with long-date expirations. According to Coinbase, much of the current crypto derivatives market takes place outside of US borders, with American traders having to navigate fixed hours and expiring contracts, “which can create inefficiencies.” Futures are a type of derivative that involves creating a contract to buy or sell an asset at a certain price and date. When the futures…

Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI

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Bitcoin risks a fall below the critical $78,258 support, opening the doors for a further fall to $73,777. Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels. Research firm Santiment said in a post on X that wallets with 10 BTC or more have bought roughly 5,000 Bitcoin since March 3. The researchers added that if buying by the large players continues, the second half of March could be…

Ethereum price bottom? $1.8B in ETH leaves exchanges, biggest outflow since 2022

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Ethereum’s native token, Ether (ETH), witnessed its lowest weekly close since November 2023, highlighting just how much the top altcoin has struggled over the past few months. Ethereum 1-day chart. Source: Cointelegraph/TradingView In the past 83 days, it declined by 51%, translating to an average daily loss of approximately 0.61%. If the losses are compounded daily, the rate increases to about 0.84%. Ethereum exchange outflows hit 27-month high According to IntoTheBlock, a crypto analytics platform, Ethereum witnessed significant outflows worth $1.8 billion over the past week. It was the highest…