Tag: Million

Here’s How This Ethereum Whale Made $16 Million From A Single Trade

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An Ethereum whale was recently revealed to have made $16 million from a single trade involving the second-largest crypto token by market cap. This whale’s story again highlights how conviction in an investment can be very rewarding in the crypto space.  How This Ethereum Whale Made $16 Million In A Single Trade On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that the whale withdrew 12,906 ETH ($24.39 million) from Binance when the crypto token was still trading at $1,890 a year ago. With Ethereum currently trading at…

Australia’s Tax Office Tells Crypto Exchanges to Hand Over Transaction Details of 1.2 Million Traders: Reuters

The Australian Financial Review reported on Monday that “as part of a surveillance effort announced in April, the ATO said its latest data collection protocol would require designated cryptocurrency exchanges to provide the names, addresses, birthdays and transaction details of traders to help it audit compliance with obligations to pay capital gains tax on sales.” Source

Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Don’t?

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A crypto whale’s transaction involving the third-largest meme coin by market cap, PEPE, has drawn the crypto community’s attention. The magnitude of the transaction, coupled with some other whale transactions, suggests that it may be high time to pay more attention to PEPE.  Crypto Whale Spends $10.4 Million On PEPE On-chain analytics platform Spotonchain revealed a wallet (3eAaAC3C9) that had purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424 ($10.4 million). This wallet then proceeded to withdraw the tokens in two transactions. On-chain data shows that the…

900 Million Telegram Users Send TON Token Soaring 15%

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Telegram, the messaging giant, has reached a staggering 900 million users. This surge directly impacts Telegram Open Network (TON), the blockchain designed to work seamlessly within Telegram. TON has seen a remarkable 15% growth in the last week, highlighting its potential to become a mainstream crypto player. TON price action. Source: Coingecko TON: Cheap Transactions Draw In Users The key to TON’s recent success lies in its tight integration with Telegram. Users can ditch the hassle of separate crypto wallets and make transactions directly through Telegram’s native wallet. This…

$120 Million Futures Liquidated As Price Takes A Beating

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The recent dip in the price of Bitcoin below the $59,000 support level has sent jitters through the cryptocurrency market. While the price drop triggered liquidations in futures markets, analysts warn that a more significant decline could be on the horizon in the absence of a full-blown market capitulation. Measured Retreat, Not Mass Exodus Following the price drop, CryptoQuant, a cryptocurrency analysis platform, reported roughly $120 million in liquidated long positions (bets that the price would go up). This liquidation is noteworthy, but unlike previous selloffs at the same support…

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

Blackrock, the largest asset management company in the world, has led a strategic funding round of $47 million in Securitize, a capital markets digitalization company. The round, which had the participation of other financial markets and crypto native companies, shows Blackrock is betting on the transformative capabilities of tokenization for global capital markets. Blackrock Leads […] Source CryptoX Portal