Tag: Million

Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over

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The POLS mint was arguably the most anticipated event on the Polygon (MATIC) blockchain this year and the stats have corroborated this. On Thursday, the Bitcoin BRC-20-inspired mint took place and the burn figures have been nothing short of impressive. Over 100 million MATIC tokens were incinerated as a result of this event. But data suggests that this rush is far from over. POLS Mint Triggers Massive MATIC Burns The POLS token mint saw a massive turnout from the Polygon community as thousands of investors clamored to mint their tokens.…

New Fee Model Rakes In Over $1 Million In A Month Amid DeFi Frenzy

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Uniswap Labs, the company behind the decentralized finance (DeFi) protocol, has achieved a milestone in its revenue generation strategy. Just a month after its implementation, the firm’s newly introduced front-end fees have crossed roughly $1 million, a testament to the platform’s robust activity and user base. This achievement comes shortly after the mid-October decision to introduce a 0.15% fee on some certain tokens transacted on its front-end interface. This new fee structure applies to various assets, including popular ones like ETH, USDC, WETH, USDT, DAI, WBTC, and others. Analyzing Uniswap…

Mysterious Wallet Transfers 17.8 Million MATIC To Coinbase

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A mysterious wallet surfaced from the shadows and masterminded a significant transfer of 17,895,970 MATIC—which translates to a staggering $14.7 million—directly into Coinbase, in a crypto twist that sent shockwaves through the digital landscape. The surge in significant transaction volume has caused the MATIC price to rise above $0.80 for the first time since July. The market capitalization of MATIC has grown by 62% during the last four weeks due to increased turnover and acquisition by whales. MATIC Mysterious Financial Maneuver Unveiled During this enigmatic financial maneuver, the cryptocurrency universe…

Binance Freezes $11.8 Million In Stolen Assets Following Kidnapping Incident

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Chief Executive Officer of Binance, Changpeng “CZ” Zhao, has shared a report in which the exchange intervened in the theft of millions of dollars worth of crypto assets. Through a fast response operation, the Binance Global Head stated they were able to prevent the bad actors from making away with over 90% of the stolen loot. Binance Confiscates $11.8 Million In Assets Belonging To Kidnapped Clients In a Friday post on X, CZ stated that executives from one of Binance’s client companies were deceived into going on a business trip…

Arthur Hayes Predicts Bitcoin to Reach $1 Million and Ethereum to Hit $100,000 

Last month, Hayes made a similar forecast, noting that Bitcoin could reach from $750,000 to $1 million towards the end of the current decade. After his visit to Rapa Nui, commonly known as Easter Island, Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, has once again predicted that Bitcoin (BTC) could reach $1 million, with Ethereum (ETH) soaring to $100,000. In an unexpected turn, Hayes humorously hinted that the island’s ancestors might have provided him with a tip-off on the impending bull market that could…

Ethereum Daily Revenue Soars To A 4-Month High Of $10 Million

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When Ethereum (ETH) exploded past $2,000 on November 9, Erik Smith, the Chief Investment Officer of 401 Capital, observed that the platform’s average daily revenue surged to the highest level in four months. According to data, Ethereum generated $10 million in daily revenue, extending gains registered on the previous day and pushing the metric to the highest point since July. Ethereum revenue rising | Source: Token Terminal via Erik Smith on X Ethereum Prices Above $2,000, Revenue Rising In November For now, ETH prices remain muted but are trading around November 9…

Justin Sun offers 5% bounty as Poloniex losses cross $100 million

The Tron founder said Poloniex hackers have seven days to return a bulk of the funds in exchange for a white hat bounty or law enforcement would be engaged for a remedy. Justin Sun provided three wallet addresses to which hackers could transfer the stolen funds. Sun also added that an internal investigation was underway and affected assets would be fully reimbursed as the platform maintains a “healthy financial position”. We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC…

Cardano Whales Go On $600 Million Buying Spree That Could Trigger Run To $0.4

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Cardano (ADA) is one of the tokens currently in the limelight as many projects do well in the ‘Atcoin Season’ as Bitcoin’s dominance cools off. The token has rallied in recent days, and one of the reasons for this resurgence has been revealed.  Cardano Whales Are Accumulating    In a post on their X (formerly Twitter) platform, blockchain analytics platform IntoTheBlock noted that investors’ confidence in the Cardano token grew in October as ADA whales and investors accumulated 1.89 billion ADA during that period. This translates to over $600 million invested…

Bitcoin Addresses Holding Minimum of $1,000 in BTC Shoot Above 8 Million

Analysts explain why Bitcoin price can continue to rally with the next immediate target in sight being $40,000. The number of blockchain addresses holding at least $1,000 worth of Bitcoin (BTC), equivalent to 0.028 BTC at the current price of $35,115, has reached an all-time high of 8 million, as reported by data from Blockware Solutions and Glassnode. According to Blockware, this figure could continue to surge as Bitcoin advances in monetization, a favorable long-term trend for the cryptocurrency. Monetization, in principle, involves generating income potential from an asset that…

FTX seeks sale of Grayscale and Bitwise trust assets worth $744 million

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Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware to allow it to sell certain key trust funds, including assets from crypto asset manager Grayscale and custody service provider Bitwise valued at around $744 million. In a court filing dated Nov. 3, FTX debtors requested the court to allow them to sell Trust assets as it will make way for the firm to prepare for “forthcoming dollarized distributions to creditors.” These trust assets are held in one Bitwise trust valued at $53 million and five Grayscale trusts valued…