Tag: Million

Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000?

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Institutional investors are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive inflows last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000.  Bitcoin Investment Funds Record $942 Million In Inflows According to CoinShares’ latest weekly report, Bitcoin investment products recorded a net inflow of $942 million. These inflows are said to have been “an immediate response to the lower-than-expected CPI report on Wednesday,” with 89% of the total flows coming in the latter three…

Nearly $300 million in crypto short positions obliterated 

The latest upswing in the crypto market rattled leveraged positions on both sides of the aisle, but short traders took the day’s biggest hit.  Bitcoin (BTC) rallied over 13% in the past week, breaking above $70,000 for the first time since before the halving event last month. According to CoinMarketCap, the leading blockchain asset was less than 5% below its all-time high (ATH) set in March.  Ethereum (ETH), the second-largest cryptocurrency, surged 30% over the week, reclaiming a $450 billion market and can soon test the $4,000 level. BTC and…

Crypto Market Liquidations Top $330 Million In 24 Hours With Ethereum In The Lead

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As the Bitcoin and Ethereum prices hav barreled toward a new all-time high, short-term traders have been suffering the brunt of the liquidations. In the last day alone, over $330 million was liquidated from the crypto market and the majority of this has been from short traders who expect prices to fall once again. Over 78,000 Traders Liquidated For $330 Million Coinglass data shows that the last 24 hours have been brutal for crypto traders. In this short time, more than 78,000 crypto traders have seen their positions liquidated, leading…

Solana Meme Coin Marketplace Pump.fun Suffers $80 Million Exploit

Pump.fun, a Solana-based marketplace and deployment tool for meme coins, has acknowledged suffering an exploit dealing with the bonding curve contracts in its platform. While the protocol is still investigating the matter, it reported that “the TVL in the protocol right now is safe,” as it has upgraded the contracts to deal with the attack […] Source CryptoX Portal

Over 1 Million New Crypto Tokens Launched Since April

The crypto community created over one million tokens across all chains in the past month, with Solana and Ethereum leading the crypto token frenzy. According to Coinbase’s director, these numbers doubled the tokens created in Ethereum between 2015 and 2023. Related Reading Over 22,000 New Crypto Tokens Created Daily Coinbase’s director Connor Grogan shared on X that 1 million tokens have been launched since April 1, 2024. The tokens created in the Ethereum Network account for 36% of the total number, with 372,642 tokens launched in the past month and…

Cosmos Hub Approves $1 Million Grant to Dora Factory for Quadratic Funding Initiative – Blockchain News, Opinion, TV and Jobs

Singapore, Singapore, May 15th, 2024, Chainwire A major event in Cosmos is the recent passing of Governance Proposal No.917: a request by Dora Factory and DoraHacks for a $1 million grant from the Cosmos Hub community treasury. This grant will support ten rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years. As one of the largest treasury funding applications, this proposal sparked extensive discussions within the Cosmos community and received overwhelming support. Over $1 billion worth of ATOM, including major validators and core Cosmos contributors,…

Moonpay Donates $1 Million to Stand With Crypto

Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating an innovation-fostering crypto framework by helping choose crypto-friendly officials. Moonpay Contributes $1 […] Source CryptoX Portal