Tag: ETH

Friend.tech revenue surges over 10,000 ETH, TVL tops 30,000 ETH

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Decentralized social media platform Friend.tech, based on Coinbase’s layer-2 protocol, Base, has touched new heights in terms of revenue growth and total value locked on its platform. According to data from Dune Analytics, Friend.tech’s revenue has surged to 10,663 Ether (ETH), and its total value locked (TVL) grew to over 30,000 ETH on Oct. 2. The recent boom in its revenue and trading activity comes amid a decline in hype from its early days of launch. As a decentralized social network platform launched in August 2023, Friend.tech enables users to swap…

Bitwise to Launch Two Regulated Ethereum (ETH) Futures Today, on October 2

Bitwise will be introducing its customers to CME futures through the AETH and BTOP products that expand the company’s suite of crypto products amid heightened demand from institutional investors. Leading crypto index fund manager in the United States Bitwise announced that it will be launching two of its Ethereum-themed ETFs dubbed the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP). According to the announcement, the two Bitwise Ether-themed ETFs will tap into CME futures products, hence no obligations to invest in the…

Hacker of Sam Bankman-Fried’s FTX Moved 15,000 Ether (ETH) This Weekend

In November 2022, hours after FTX and its related companies filed for bankruptcy, an unknown party managed to drain various wallets of as much as $600 million. About $26 million worth of ETH – 15,000 ether – sat in a single wallet until earlier this weekend, when a first tranche of 2,500 ETH ($4 million) began moving, ultimately ending up at the Thorchain bridge, the Railgun privacy wallet, or intermediary addresses. Source

Ethereum Price Increase Could Soon Fade If ETH Fails To Surpass $1,750

Ethereum price is attempting a fresh increase above $1,720 against the US Dollar. ETH could accelerate higher if it clears the $1,750 resistance. Ethereum is attempting a fresh increase above the $1,720 level. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with resistance near $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,750 resistance zone. Ethereum Price Gains Traction Ethereum’s price settled above the $1,650 level.…

FTX Exploiter Executes Ongoing Funds Exodus, Moves $17 Million In ETH In One Day

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According to an on-chain report on Saturday, September 30, an address associated with the FTX exploiter became active for the first time in 10 months. As earlier reported, some 5,000 ETH (equivalent to $8.2 million) was transferred from the flagged address (identified as 0x3e9) to new addresses on Saturday. However, in the latest development, blockchain data tracker Spot On Chain revealed that the FTX exploiter has moved more than $17 million worth of Ether tokens in the past 24 hours. FTX Exploiter To Keep Moving Stolen Funds, Spot On Chain…

FTX exploiter moved more than $17.1M in ETH within the last 24 hours

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According to recent information from Spot On Chain, an address linked to the FTX exploit, identified as 0x3e9, has conducted transfers exceeding 10,000 ETH, valued at more than $17.1 million, across five different addresses within the past day. It’s worth noting that these addresses had remained inactive for several months before this recent activity. Within these transactions, a significant portion of 7,749 ETH, equivalent to $13 million, was directed toward the Thorchain router and Railgun contract. Furthermore, the exploiter engaged in a swap involving 2,500 ETH, valued at $4.19 million,…

Vitalik Buterin voices concerns over DAOs approving ETH staking pool operators

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Vitalik Buterin, the co-founder of Ethereum, has expressed worries regarding decentralized autonomous organizations (DAOs) exerting a monopoly over the selection of node operators in liquidity staking pools. In a September 30 blog post, Buterin issues a warning that as staking pools adopt the DAO approach for governance over node operators—who are ultimately responsible for the pool’s funds—it can expose them to potential risks from malicious actors. “With the DAO approach, if a single such staking token dominates, that leads to a single, potentially attackable governance gadget controlling a very large…

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

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Some 5,000 ETH, worth over $8.2 million, have been moved from a wallet address associated with the FTX hacker. This development marks the first time assets have been transferred out of the hacker’s wallet following the exploit about a year ago. FTX Hacker Moves 5,000 ETH, Spot On Chain Reveals Marked as one the biggest crypto heists ever, the now-defunct FTX exchange suffered a loss of over $600 million through an hack in November 2022, a few hours after filing for bankruptcy.  According to the on-chain analytics platform Spot On…

Valkyrie Halts Purchase Of ETH Futures Contracts

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Asset management firm Valkyrie, one of the frontrunners for the first Ethereum ETF (exchange-traded fund) in the United States, has decided to pause its purchase of Ether futures contracts until the US Securities and Exchange Commission approves an Ether futures ETF. This comes barely a day after the asset manager reportedly secured approval to offer investors exposure to Ether futures under its existing strategy ETF (BTF). SEC Might Be Behind This Action, Bloomberg Expert Speculates On Friday, September 29, Valkyrie filed a 497 with the SEC, saying that it would…

Global Investment Manager VanEck To Launch Ethereum (ETH) Futures Exchange-Traded Fund

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Global investment firm VanEck is preparing to roll out an Ethereum (ETH) futures exchange-traded fund (ETF) amid an optimistic outlook for the first-ever US futures ETF based on the second-largest crypto asset by market cap. In a statement published on Thursday, the firm says the VanEck Ethereum Strategy ETF (EFUT) will not directly invest in Ethereum or other crypto assets, but in standardized, cash-settled ETH futures contracts traded on registered commodity exchanges. “VanEck Ethereum Strategy ETF (EFUT) [is] an actively managed ETF designed to seek capital appreciation by investing in…