Tag: Ether

Crypto Exchange HTX Suffers $8 Million Ether Hack, Justin Sun Confirms

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HTX, formerly known as Huobi, has fallen victim to a security breach resulting in the loss of 500 ether (ETH), valued at approximately $8 million. This incident, as reported by HTX advisor and Tron founder Justin Sun, transpired on Sunday and was promptly detected. Sun assured the crypto community via the social media platform X (formerly Twitter) that HTX has fully covered the incurred losses, assuring the safety of all funds. The compromised wallet appears to be one of HTX’s hot wallets, which has received approximately $500 million in deposits…

Ether (ETH) Price Under Pressure as Ethereum Blockchain Revenue Plunges, Crypto Turns Inflationary

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Grayscale Files for New Ether Futures ETF Following Recent Legal Victory

Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC). Renowned crypto asset manager Grayscale Investments recently filed for a new Exchange-Traded Fund (ETF) that will track Ethereum (ETH) futures, as reported by the Wall Street Journal. Grayscale’s Unique Approach In its previous attempt to launch a crypto ETF, Grayscale filed under the Investment Company Act of 1940. This filing, while a significant step forward for the industry, faced regulatory hurdles and delays, a…

Coinbase-backed Base Catches Up with Top Layer 2 Ether Chains after Hitting Almost 2M Daily Transactions

Last week, the Base Layer 2 network hit its ATH in daily transactions of about 1.88 million, higher than Optimism and Arbitrum combined. Coinbase Global Inc (NASDAQ: COIN) launched its Ethereum-based layer two (L2) network dubbed Base earlier in August. Less than two months later, the layer two network has registered exponential growth following high adoption by leading DeFi projects. Moreover, the Base network offers reliable security, and sustainable and scalable services all without any native token. According to on-chain data provided through BaseScan, a product of Etherscan, the Coinbase-backed…

Crypto Whale Trades $150M in Ether (ETH) Call Options, Data Tracker Greeks.Live Shows

The large flow was concentrated in the so-called out-of-the-money (OTM) calls at strike levels well above ether’s current market price of $1,633. Whales blocked over 40,000 contracts of ETH December expiry call at $2,200 and nearly 50,000 contracts of October expiry call at $2,000. A block trade is a large transaction negotiated over-the-counter of outside of the exchange’s order book to ensure minimum impact on the market price of the asset. Block traders are considered a proxy for institutional activity. Source