Tag: Million

Ethereum Whales Ramp Up Accumulation By 1.50 Million ETH — Incoming Price Boom?

boss

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout?

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cardano (ADA) is currently consolidating near a critical support zone that could shape the direction of its price action in the coming weeks. After a sharp 15% drop since Wednesday, ADA is showing signs of weakness…

SEC and Ripple Wrap Up Case, Distribute $125 Million In Escrow

boss

Ripple and the United States Securities and Exchange Commission (SEC) filed a joint motion on Thursday to release the $125 million in funds held in an escrow account to pay for settlement costs ordered by the court. According to the letter submitted by both parties, $50 million will be transferred to the SEC for the civil penalty against Ripple, with the remaining $75 million transferred back to Ripple, pending court approval. The filing attorneys wrote: “The parties’ proposed resolution will preserve the resources of the Second Circuit by avoiding the…

SharpLink Buys 176K Ether For $463 Million

boss

Sports betting platform SharpLink Gaming has acquired 176,271 Ether for $463 million, becoming the world’s largest publicly traded holder of ETH. In a Friday announcement, the Nasdaq-listed company said the Ether (ETH) acquisition was funded through a combination of private placement and at-the-market equity sales, including $79 million raised since May 30. The average acquisition price came in at $2,626 per coin. The company said over 95% of its ETH is now deployed in staking and liquid staking platforms, earning yield while contributing to Ethereum’s network security. “This is a…

Tether Buys $89 Million In Elemental Altus Royalties Shares

boss

Tether, the issuer of the world’s largest stablecoin by market capitalization, continues its buying spree with its 32% stake acquisition in Canada’s public gold royalty firm Elemental Altus Royalties. Tether Investments on Thursday announced the acquisition of 78,421,780 common shares of Elemental (ELE) from La Mancha Investments, representing 31.9% of Elemental’s issued and outstanding shares. The transaction, completed Tuesday, was made at a price of $1.55 Canadian dollars ($1.14) per share, according to an announcement by Elemental, costing Tether approximately $89.4 million. The investment marks a milestone in Tether’s strategy…

Ripple Labs Reveals Plan for $700 Million Share Buyback

Key Notes Ripple has announced a $700 million tender offer to repurchase stakeholders’ shares. Each share will go for $175 against the $125 per share valuation as of January. This tender offer lays the ground for an IPO, but it is not certain that Ripple will explore it soon. San Francisco-based Ripple Labs Inc. is preparing to repurchase shares from stakeholders at $175 per share. To this end, it has announced a $700 Mellon tender offer. This move reflects the company’s financial strength in the market and growth ambition, as…

Crypto ETF Surge: Bitcoin and Ether Funds Attract Over $550 Million as Inflows Continue

boss

Bitcoin ETFs recorded another impressive inflow of $431 million, solidifying their recovery streak, while ether exchange-traded funds (ETFs) celebrated their 17th consecutive day of gains with a fresh $124.93 million inflow, pushing total net assets beyond the $10 billion milestone. Bitcoin ETFs Post Second Day of Strong Gains As Ether ETFs Mark 17 Days of […] Original