Tag: Million

Whale Purchases $10 Million stETH In The past Day, Here Are Possible Reasons Why

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The crypto verse has recently witnessed a massive splash as an unidentified entity dove deep into the Ethereum ecosystem. A recent report from Lookonchain reveals that in a span of 24 hours, the whale has purchased $10 million worth of Lido Staked Ethereum (stETH). The Big Purchase And Past Activities Lookonchain, an on-chain analytics firm, broke the news earlier today on their X (formerly known as Twitter) account revealing that a whale address was responsible for the withdrawal of 10 million Dai (DAI) from Maker. The smart whale withdrew 10M…

Trader Who Placed $10 Million Bet Against LUNA Loading Up Reddit’s Moons

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In a new development, a trader who placed a substantial $10 million bet against LUNA in May 2022 before the then native currency and UST—the algorithmic stablecoin, collapsed is now setting his sight on Reddit Moons. Going by the moniker “GCR,” on-chain data on August 8 showed the trader moved 450,000 MOON from MEXC Exchange to Kraken. Moons Rallying Moons, the ERC-20 token associated with the r/CryptoCurrency forum on Reddit, is firm and on an uptrend, looking at current price action. At spot rates, the token is up 400% from…

Sandbox Set For $133 Million Token Unlock, A Bearish Trigger For SAND Price?

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Decentralized gaming platform, The Sandbox is set to execute a SAND token release valued at $133.86 million. According to data from TokenUnlocks, Sandbox will release 332.55 million SAND tokens into circulation on August 14, representing 16.16% of the token’s maximum supply.  New SAND Tokens In 2023 To Rise Over 700 Million With the upcoming SAND release, the total number of new SAND tokens in 2023 is expected to rise to 705.3 million. This latest unlock will add to the 372.75 million SAND released earlier during the last token unlock in…

Tether market cap rising, InQubeta presale raises over $2 million

Tether (USDT) is scaling new heights InQubeta is currently surpassing key milestones amid a firm crypto market. This article dives into InQubeta and Tether, examining their trajectories and how they can shape the crypto landscape. InQubeta opens up access to AI-startup investment At the junction of AI start-up investment and blockchain technology lies InQubeta.  The platform provides fractional investment in AI start-ups, empowering investors. It also aims to democratize the AI investment landscape, opening up access. The InQubeta presale has raised over $2 million, pointing to support from the crypto community. QUBE prices…

Ethereum Whale $4.5 Million Burn Shocks ETH Community, What’s Going On?

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The crypto space is never lacking of events – from hacks to memecoins frenzy, to traders realizing huge profits from trades. This time, it is the action of a particular Ethereum whale that has caught attention, one that has the ETH community in shock as to the reasons for such action.  The mysterious whale in question with the Ethereum address ‘nd4.eth’ sent $4.5 million worth of Ether (2,500 ETH) to a ‘burn’ address, in a move that removes these tokens from circulation forever. This interesting event, which occurred on July…

Curve Finance Announces $1.85 Million Bounty For Stable Pool Exploiter

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Curve Finance, a popular decentralized (DeFi) protocol, has recently announced that it was rewarding persons capable of identifying the exploiters behind the draining of over $61 million from the platform’s stable pools on July 30.  The huge bounty offer is open to every person who can pinpoint the individual behind the incident in such a way that would lead to definitive legal repercussions.  Curve Finance Extends Bounty Offer to the Public Curve Finance announced the public offer using an Ethereum transaction’s input data, noting that the allowed time for the…

Curve Finance exploiter returns $12.7 million of stolen funds

Following the recent Curve Finance exploit, the perpetrator has made a surprising move by returning a significant portion of the stolen assets to the protocol. Reports indicate that the exploiter has sent around $12.7 million worth of 4,820 Alchemix Ethereum (alETH) and 2,258 Ethereum (ETH) to the Alchemix Finance platform. Hacker returns $12.7 million worth of alETH The events follow Curve’s request to the hacker on Aug. 3 to return the funds, after which the hacker requested that they confirm the address. The hacker labeled as “Alchemix/CurveFinance Exploiter” returned a…

Optimism and Polkadot falling, Borroe sells over 3 million ROE in ongoing presale

Optimism (OP) fell and lost over 5% in early August.  On the other hand, Polkadot (DOT) remains in a tight trade range. Meanwhile, investors are analyzing a new crypto project, Borroe, currently conducting its presale.  Borroe raised $250,000 in five days, selling 25 million ROE, its native token. Investors maintain a bullish outlook on the project. Optimism is bearish In July 2023, Binance changed its operations in response to user feedback. These changes appeared to benefit Optimism, as the minimum block number and the deposit speed were reduced. Following this update,…

Curve’s founder sells 7.5 million CRV, settles $3 million debt on Aave

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Michael Egorov, the founder of Curve, has sold an additional 7.5 million CRV via an over-the-counter (OTC) transaction and paid a $3 million debt in USDT on Aave, a decentralized lending platform on Ethereum. CRV is the native token of Curve, the stablecoin decentralized exchange. Egorov still owes $82.6 million, spread across different platforms: $51.24 million in USDT on Aave, $12 million in MIM on Abracadabra, 9.19 million in FRAX on Fraxlend, $9.4 million in DOLA…

Binance CEO Shares Details Of $20 Million Scam Attempt

Binance CEO, Changpeng ‘CZ’ Zhao has recently provided details on a failed $20 million scam attempt in a bid to keep the crypto community on alert for future occurrences. Crypto Scammers Are “So Good Now,” Binance CEO Says In a tweet on August 2, Changpeng Zhao described a recent scam attempt as “clever,” stating that it was “luckily” prevented as the bad actors in the crypto space seem to have gotten better.  Related Reading: Curve DAO (CRV) Price Recovery Post-Exploit: What Would Be A Realistic Scenario? Specifically, the Binance CEO drew…