Vitalik Buterin’s ENS Address Trades $100K Worth of ETH for Stablecoins Amid Market Uptick

According to blockchain analytics, the Ethereum Name Service (ENS) domain “vitalik.eth” has engaged in a transaction of $100,000 worth of ether, converting it into an equal amount of stablecoins on the Base blockchain. The address, purportedly belonging to Ethereum’s co-founder Vitalik Buterin, currently possesses 955.58 ether, estimated at $3.64 million. ‘Vitalik.eth’ Wallet Makes Strategic $100K […] Source CryptoX Portal

These crypto trades are having big years as bitcoin hits a record high

Bitcoin’s push to a record high on Tuesday has been part of a broader rally in 2024, with other cryptocurrencies and investment vehicles tied to bitcoin surging along with it. Start with the arrival of bitcoin exchange-traded funds, which is often pointed to as one of the sparks of the crypto rebound. The price of bitcoin has climbed about 48% since Jan. 11, when the ETFs first launched, according to Coin Metrics. The ETFs have seen similar gains. IBIT 1M mountain Bitcoin ETFs, like iShares’ IBIT, have surged over the…

Starknet’s STRK Token Trades at TKTK After Mammoth Airdrop

With an initial total supply of 10 billion tokens, the fully diluted value (FDV), the theoretical market capitalization if the entirety of its supply were in circulation, of STRK stands at $35 billion. However, the actual market cap, which is the current circulating supply multiplied by the current price, is at $2.32 billion. Source

Bitcoin surges to $44,000, fuels $100m call option trades

According to a Dec. 20 post from Greeks.live, a trading tools solution provider to crypto options traders, bullish sentiment is evident in the Bitcoin market. The report states that while the market has been relatively quiet today, Bitcoin (BTC) has seen upward movements in all major terms, implying volatility (IV). Also stated in the post on X, Ethereum (ETH) has experienced a shift in trend, marked by a block trade involving the purchase of over $100 million worth of puts earlier in the day. Even amid the recent rally, the…

dYdX raises margin requirements in some markets, bans “highly profitable trades”

Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses. According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (EOS), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XRM), Tezos (XTZ), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix (SNX), Enjin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI), and Uma (UMA). dYdX triggered its insurance fund…

VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K

Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 times by the end of 2024. Additionally, the halving will reduce the supply by half. Saylor expects both these events will cause the price “to adjust up.”  With almost a general consensus that Bitcoin’s price will move higher in 2024,…