Tag: ETH

HTX Exchange Reclaims $8M in ETH Stolen in Hack Attack

The exchange has already received the funds back. The hacker received a 5% white-hat incentive, or a remuneration of 250 ETH for restoring the funds, as well as a job offer to work as a white-hat security adviser. Huobi Global‘s HTX crypto exchange has confirmed a refund of the funds stolen in September. The total sum of the refund has amounted to $8.2 million worth 4,999 Ethereum (ETH). Seems that the company has negotiated with the hacker, and as a result of the talks, the hacker made “the right choice” agreeing to…

Coinbase Ranks As Second Largest ETH Staking Entity As Lido’s Dominance Raises Concerns

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Prominent crypto exchange Coinbase has emerged as the second largest ETH staking entity based on a recent scoop by Chinese reporter Colin Wu. This development comes amidst growing concerns about network centralization in regard to Lido’s dominance in the ETH staking market.  Coinbase Accounts For 14.1% Of ETH Staking Activity – Report According to Wu, a report from Dragonfly data scientist hildobby, using data from Dune analytics, reveals that Coinbase presently has 3.873 million staked ETH, representing 14.1% of all staked ETH.  Coinbase dominance in the ETH staking sphere is only…

HTX claws back $8M in stolen funds, issues 250 ETH bounty to hacker

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Huobi Global’s crypto exchange HTX has confirmed the return of the funds stolen by a hacker in late September and issued a 250 Ether (ETH) bounty after resolving the issue. One of HTX’s hot wallets was drained of 5,000 ETH on Sept. 25, worth roughly $8 million at the time. Shortly after the hack occurred, the firm contacted the hacker and claimed to know their identity. HTX ultimately offered to pay a 5% bounty worth around $400,000 and to not take any legal action if they returned 95% of the…

Ethereum (ETH) Becomes Centralized with Staking Surge

The analysts stressed that centralization, whether caused by specific entities or inherent features of the protocol, presents significant risks to the Ethereum network. This In recent months, the Ethereum (ETH) staking ecosystem has witnessed significant growth following the implementation of the Merge and Shanghai upgrades, transitioning the network from proof-of-work to proof-of-stake blockchain. However, this surge in staking activities has posed challenges, as revealed in a recent report by JPMorgan analysts led by Nikolaos Panigirtzoglou. Decentralized Dilemma: Ethereum Staking Ecosystem Faces Centralization Risks In September 2022, Ethereum made the bold…

Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What’s Going On?

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A crypto wallet associated with Justin Sun, the co-founder of Tron, a smart contract platform, has moved 20,000 Ethereum (ETH) worth roughly $32.4 million from Lido Finance, a liquidity staking platform. Funds were transferred to Binance, the world’s largest crypto exchange, trading volume and client count. Justin Sun’s ETH transfer from Lido Finance| Source: The Data Nerd on X The transaction, executed in a single batch, was captured by The Data Nerd, an analysis platform, and shared on X on October 5. As it is, Ethereum (ETH) is under pressure, looking…

Is It Time To Sell ETH For SOL?

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For the last two years, Ethereum (ETH) has outperformed Solana (SOL), looking at the performance in the weekly chart. However, according to one technical analyst on X, this is about to change, especially considering the candlestick arrangement of the SOLETH chart on the weekly chart.  Will SOL Outperform ETH In 2024 And 2025? Sharing a screen grab, the analyst who goes by the handle “CryptoGodJohn” on X is optimistic, saying at spot rates, this can be the “right” time for traders to swap their ETH for SOL before the next leg…

A Spot ETH ETF Represents the Dawn of Institutional Liquid Staking

But where does liquid staking fit into this picture? A spot ETH ETF, if approved, could induce demand from institutional traders, who will then likely scramble to participate staking. Simply holding ETH won’t be enough, these institutions will pivot to staking, looking to give their investors a higher return on their ETF holdings (especially on a deflationary asset). Source

BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

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United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.” Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market…