Tag: Million

Crypto Phishing Scams Claim Over $12 Million in August: Tips to Stay Safe

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Phishing scams, attacks disguised as legitimate communication or websites designed to steal funds and sensitive information, cost crypto users over $12 million in August, up 72% from July, Web3 anti-scam service Scam Sniffer reported on Saturday. Crypto phishing scams impacted 15,230 victims in August, a 67% increase from July, with the single largest loss costing one user over $3 million, according to Scam Sniffer. The Scam Sniffer team also noted a “sharp escalation” in EIP-7702 signature scams. EIP-7702 is an Ethereum improvement proposal that allows Externally Owned Accounts to act…

Is Ethereum Price Forming Local Top? Sellers Outbid Buyers By $570 Million

Key Notes Ethereum’s net take volumes highlight that ETH price could see a drop below $4,000. Analysts highlighted key ETH support levels at $3,960 and $3,360, stressing the need to hold these zones to maintain the current market structure. Traders expect Bitcoin to outperform in the near term as ETH/BTC weakens amid current capital rotation. The Ethereum price continues to remain under selling pressure after rejecting its all-time highs. Derivatives data show that any near-term recovery in ETH seems difficult, as sellers exert greater pressure, pushing the price lower.  Market…

How One Trader Turned $125,000 Into $43 Million on Ethereum.

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The $303-million ETH long position A crypto trader managed to turn a $125,000 deposit into one of the largest Ether positions ever seen on Hyperliquid.  Over four months, they compounded every gain into a single Ether (ETH) long, eventually controlling more than $303 million in exposure. At its peak, his equity hit $43 million. When the market began to reverse, they closed the trade entirely, walking away with $6.86 million in realized profit (a 55x return on the initial stake). This outcome shows both the extraordinary potential of aggressive compounding…

Corporate Bitcoin Treasury Firms Reach 1 Million Bitcoin

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Corporate Bitcoin treasury adoption has hit a huge milestone, reaching 1 million Bitcoin as more companies tout Bitcoin’s potential to bolster their balance sheets. BitcoinTreasuries.NET confirmed the feat on Thursday, with a few additional purchases pushing the tally to 1,000,698 Bitcoin, worth over $111 billion. While Bitcoin miners like MARA Holdings were the OG Bitcoin accumulators, Michael Saylor’s Strategy was the first public company to adopt a Bitcoin (BTC) strategy in August 2020 — paving the way for many of the 184 listed companies that hold Bitcoin today. Saylor’s company…

20 Million New SUI Tokens Push Treasury To New High – Details

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SUI Group Holdings moved again in the market, adding 20 million SUI to its holdings and lifting its total to about 102 million tokens, a stash worth roughly $344 million at current prices. The Minnesota-based company, which trades on Nasdaq under the ticker SUIG, bought the tokens through an arrangement tied to the Sui Foundation, a press release dated September 3 shows. The deal, reports have disclosed, gives SUI Group access to discounted, locked tokens that are not available on the open market. Crypto Holdings And Staking Most of the…

Public Companies Now Hold Over 1 Million Bitcoin, Data Shows

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Publicly traded companies now collectively hold more than 1 million bitcoin, marking a milestone that represents nearly 5% of the cryptocurrency’s fixed 21 million supply, according to bitcointreasuries.net. Listed Companies Amass 1,000,000+ BTC; Strategy Remains No. 1 As of today’s tally, bitcointreasuries.net shared an image that shows publicly traded firms controlling more than 1 million […] Original

ETF Flows Split: Bitcoin Funds Gain $333 Million Inflow as Ether ETFs Bleed $135 Million

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Bitcoin exchange-traded funds (ETFs) kicked off September with a strong $333 million inflow, while ether ETFs struggled, recording a $135 million outflow. BTC Gains Momentum While ETH Faces Fresh Outflows September opened with a clear split in sentiment between the two biggest crypto ETF markets. Investors poured money into bitcoin funds, while ether products suffered […] Original