Tag: ETH

Ether whale moves 3k ETH to Binance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied An ethereum trader that recently made a $4.49 million profit by trading ETH on the Binance exchange has just transferred 3,000 ETH to the exchange again. Ether trader moves value The global cryptocurrency markets have seen a resurgence in recent weeks, overcoming the widespread FUD triggered by the U.S. SEC’s enforcement actions against several market participants. Ethereum (ETH), the world’s second-largest cryptocurrency, has also witnessed strong bullish momentum this week, hitting a high of over $1,976…

Azuki proposes to recover 20k ETH from its founder

AzukiDAO has launched a proposal called “Hire a lawyer” to recover 20,000 ETH from Azuki founder Zagabond. AzukiDAO has launched a proposal to hire a lawyer to help file a lawsuit against the founder of the Azuki project for alleged misconduct. The move will help AzukiDAO retrieve 20,000 ETH from the team, promote the entire Azuki community, and reward and incentivize the artists. In addition, the fund will go into organizing a research team for the lawsuit. AzukiDAO is launching a proposal called “Hire a lawyer to help the community…

Price analysis 7/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

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The bulls are trying to nudge Bitcoin above the critical resistance of $31,000, which may start a broad-based crypto rally. The United States equity markets have witnessed a solid year so far. The Nasdaq Composite has soared 31.7%, its best first-half performance since 1983. Similarly, the S&P 500 Index’s (SPX) 15.9% gain is its best first half since 2019. This suggests that risky assets remain in demand. In the cryptocurrency markets, Bitcoin (BTC) has led the recovery from the front, rising 20% in Q2 2023. An encouraging sign is that…

Revenge trading goes wrong as whale losses $1.88 million on ETH shorts

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A crypto whale has lost approximately $1.88 million after their ETH short position failed to yield the desired result. The price of ether (ETH) has continued its bullish momentum this week.  Most likely fueled by a desire to recover losses from an initial liquidation, the whale decided to double down on the short position on ether. However, the price of ETH kept soaring higher, resulting in a $1.88 million loss for the trader. Ether price analysis …

AzukiDAO proposes to recover 20,000 ETH from Azuki founder ‘Zagabond’

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A new decentralized autonomous organization purportedly made up of a “dedicated group of Azuki enthusiasts,” has launched a proposal to claw back 20,000 Ether (ETH) from Zagabond, the founder of the blue-chip non-fungible token (NFT) brand Azuki.  The proposal, initiated on July 2, outlines hiring a lawyer to take legal action against Zagabond, real name Alex Xu, for allegedly “rugging” multiple projects. The clawback seeks $39 million worth of ETH earned from the launch of Azuki’s controversial “Elementals” collection. It proposes to allocate any funds retrieved back to the DAO to “promote…

Vitalik Buterin declares he is not staking all of his ETH, merely a ‘small portion’

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Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ethereum (ETH) due to multisignature (multisig) wallets being “complicated in a bunch of ways.” On the 29 June episode of the Bankless Podcast, titled Restaking Alignment, Buterin revealed the “biggest reason” why he is only staking a small fraction of his Ethereum, as opposed to staking the entirety of it. He explained: “Because if you stake your ETH, the keys that access it have to be public on a subsystem that is online. For safety, it has…

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

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The rejection of ETF applications by the SEC caused a knee-jerk reaction but the shallow fall in Bitcoin and several altcoins suggests that lower levels are attracting buyers. Bitcoin (BTC) witnessed a volatile trading session on the last day of the quarter. The bulls were trying to maintain Bitcoin’s price above $31,000 but they received a jolt on a Wall Street Journal report which stated that the United States Securities and Exchange Commission (SEC) had returned applications for the Bitcoin spot-price exchange-traded fund (ETF).  Although there was a knee-jerk reaction…

Celsius Network approved to convert altcoins into BTC or ETH

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The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH). The order was issued by Judge Martin Glenn, and the liquidations will pave the way for the distribution of the funds to creditors in the near future. The proposal was officially approved after discussions between Celsius and the U.S. Securities and Exchange Commission (SEC). As per the bankruptcy judge’s ruling, the troubled lender is authorized to: “Sell or convert any cryptocurrency…