Tag: Million

Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply

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The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within the bitcoin ecosystem. Institutional Holdings: ETFs, Miners, Government, and Exchanges Control 4.23 Million Bitcoin According to Glassnode’s […] Original

IOTA Awards $2.36 Million in Grants to 20 Blockchain Projects

The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants program, according to the IOTA Foundation Blog. The initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a diverse range of projects. Grant Program Overview Since the last update, the IOTA Grants program received 82 applications, out of which 20 were selected for funding. The total awarded amount stands at $2,365,000, supporting projects across various categories including decentralized exchanges (DEX),…

UwU Lend hacked out of $19.3 million

UwU Lend, a lending and liquidity protocol, has reportedly been targeted by an exploit amounting to $19.3 million.  A malicious hack recently targeted the decentralized lending platform. Reports from the blockchain security firm Arkham indicate that unknown perpetrators stole $19.3 million from the lending protocol. The incident highlights ongoing security vulnerabilities in the DeFi sector, raising concerns about the safety of digital assets on decentralized platforms. The hack The blockchain data indicates that the perpetrator transferred the stolen funds through multiple wallet addresses. According to a crypto user on the…

Arbitrum DAO Agrees To Distribute $216 Million In Funding

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The Arbitrum Foundation, a Decentralized Autonomous Organization (DAO) tasked with developing and nurturing the Arbitrum ecosystem, has approved the start-up of a support fund aimed at developing projects in its gaming ecosystem. The organization has revealed plans to distribute a whopping $216 million to improve its gaming ecosystem. Arbitrum To Allocate $216 Million For Gaming Proposal The Arbitrum Foundation has officially endorsed a proposal, involving a funding initiative to expand and develop its gaming ecosystem. According to its blog post, the Arbitrum DAO will work towards allocating 225 million ARB…

Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG

Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he would burn it so “everyone else makes money.” After burning the tokens, Tate celebrated […] Source CryptoX Portal

Ripple’s 150 Million XRP Sale Keeps Price Surpressed Amid Bearish Headwinds

Ripple has again raised concerns in the XRP community following its recent XRP sale. This comes amid XRP’s unimpressive price action, which continues to paint a bearish outlook for the crypto token.  Ripple Sells 150 Million Tokens On-chain data shows that the crypto firm offloaded 150 million XRP tokens ($78 million) on June 7. These tokens formed part of the 1 billion XRP tokens, which were recently unlocked as part of its monthly escrow unlock, which is set to continue until 2027. As expected, this sale has raised concerns, considering…

Sky Mavis Reports Return of $5.7 Million in Digital Assets Stolen During Ronin Attack

Sky Mavis announced that Norwegian authorities have recovered and returned $5.7 million in digital assets stolen during the Ronin bridge incident. The Web3 game developer stated that an additional $40 million in digital assets is currently frozen. However, the company cannot predict when it will be able to recover and return these funds. FBI Involved […] Source CryptoX Portal