KuCoin users have withdrawn a massive amount of Ethereum (ETH), USDT and USDC from the exchange over the past 24 hours. According to data provided by Coinglass, KuCoin witnessed a total of over $350 million in withdrawals over the past day: 19,722 ETH (worth $70.2 million), 275.3 million USDT, and $4.5 million USDC. The massive withdrawals come almost a day after two KuCoin founders, Chun Gan and Ke Tang, faced money laundering charges from the U.S. Department of Justice. U.S. Attorney Damian Williams claimed that KuCoin processed over $5 billion…
Tag: ETH
BTC, ETH Back in the Green
The crypto market began the week in the green as traders cheered BlackRock’s foray into asset tokenization and the beginning of the global central bank easing cycle. Bitcoin (BTC), the world’s largest digital asset, traded at $67,000, up 3% on a 24-hour basis, and ether traded 2.3% higher above $3,400. The CoinDesk 20 (CD20), a measure of the most liquid cryptocurrencies, was up around 3.2% at press time. Bradley Park, an analyst at CryptoQuant, attributes the gains to the market digesting BlackRock’s fund targeting tokenized products (BUIDL) on Ethereum. Other…
Bitcoin (BTC), Ether (ETH) in the Green as Asia Trading Day Begins with a Roar
“Even though a market correction seems long due, the medium term looks pretty upbeat for equities, residential real estate, gold, bitcoin, etc., if this is the case. From this angle, it is unsurprising that #equities and #gold already made fresh all-time highs,” founder and manager of the Blokland Smart Multi-Asset Fund, said on X, explaining the onset of the global easing cycle. Original
Unlocking Crypto History: 2,000 ETH From Ethereum’s Genesis Days Suddenly Moved
In recent weeks, Cryptox.trade News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial […] Source CryptoX Portal
BTC, ETH investors turn attention to Kelexo presale
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin (BTC) experiences a sharp decline to $63k and Ethereum (ETH) halts its bull run, investors are shifting their focus to the Kelexo (KLXO) presale, drawn by its features and potential. Recent bearish market moves have seen Bitcoin’s (BTC) value fall sharply to $63k. The popular crypto token, alongside Ethereum (ETH), has been a major winner in the recent crypto market boom that saw both tokens rise to…
BlackRock Seeing Only ‘A Little Bit’ Demand for Ethereum (ETH) from Clients, Says Head of Digital Assets
BlackRock ushered in a bullish optimism within the digital assets market in January when it got approval to offer the Bitcoin Bitcoin Fund (IBIT) to investors, which in less than two months of trading, became one of the top five ETFs overall in the market. The fund has attracted $15 billion in assets, significantly more than any of the other nine funds. Source CryptoX Portal
What Happens if the SEC Classifies ETH a Security? (Wrong Answers Only)
“It is very difficult to know, from what has been publicly disclosed thus far, the nature of the government inquiry that has been sent to the Ethereum Foundation or whether the Foundation is the target of that investigation,” Preston Byrne, managing partner of Byrne & Storm, P.C., told CoinDesk in an email. Source
Selling on Rise? Crypto Whale Transfers $42.8M ETH to Binance
Roughly 18 hours ago, an investor holding a large amount of ether transferred 12,000 ETH worth $42.8 million to Binance, according to Lookonchain. Source
Why the SEC Shouldn’t Classify ETH as a Security
Reports suggest the SEC may be about to categorize ETH as a security, with huge implications for the blockchain’s future. Here’s why the SEC would be wrong. Source
Ether Tumbles 6% as ETH ETF Hopes Dim Amid Regulatory Probe Reports
CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security. Source