The Ether bottom could be in, as market makers like Jump Trading are running out of ETH to sell. Source: https://cointelegraph.com/news/jump-trading-sells-29m-ether-bottom-near?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Bitcoin needs $59.1K weekly close amid doubt over BTC price all-time high
Bitcoin bulls have their work cut out, and the weekly close is the first hurdle — the BTC price rebound must flip $59,000 to support. Source: https://cointelegraph.com/news/bitcoin-needs-59-1-k-weekly-close-btc-price-all-time-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cumberland buys the dip? Trading firm deposits $95M to exchanges
Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023. Source: https://cointelegraph.com/news/cumberland-invests-95m-crypto-market-dip?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Satoshi Era Bitcoin Miner Moves $14 Million BTC to New Wallets
A Bitcoin miner who has been dormant for over a decade, transferred 250 Bitcoin (BTC), valued at approximately $13.95 million, to five new wallets on Wednesday. Beginning in 2010, the wallet meticulously accumulated 250 BTC through mining, a process that was then significantly less competitive and energy-intensive compared to today’s standards, according to on-chain data. Bitcoin mining in its early…
Metaplanet Announces $70 Million Stock Rights Offering to Further Boost Bitcoin Investments
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which currently holds around 246 […] Source: https://news.bitcoin.com/metaplanet-announces-70-million-stock-rights-offering-to-further-boost-bitcoin-investments/
‘Dog Pooper’ Is the Rare Telegram Game You’ll Want to Play for More Than Just an Airdrop
Over the last few months, I’ve played a lot of Telegram tap-to-earn games. From Hamster Kombat through to Catizen and X Empire, I’ve tried them all—and almost always come away disappointed at how little there is to actually do in them. Now, amazingly, a game about pooping dogs is keeping my interest. Dog Pooper, which is its actual name, has…
Solana Price Jumps Double Digits as Pump.fun Meme Coins Surge
The Solana price has shot up by double digits overnight, as meme coins built on its blockchain surged. Per data from CoinGecko, SOL is currently trading at $153.50, up 11.8% on the day—though it remains down by over 16% on the week following Monday’s spectacular crypto crash. In the past day, $9 million worth of SOL short seller positions have…
Vitalik Buterin Sees ‘Light at the End of the Tunnel’ for Ethereum Block-Building Research
Ethereum co-founder Vitalik Buterin recently shared an update on social media, summarizing the latest research on Ethereum block-building as of August 7, 2024. Buterin highlighted a consensus among researchers that having multiple actors contribute transactions to be included in a block is beneficial. However, there remains an open debate on whether it is possible to […] Source: https://news.bitcoin.com/vitalik-buterin-sees-light-at-the-end-of-the-tunnel-for-ethereum-block-building-research/
DeFi protocol Nexera hacked for $1.5 million via smart contract exploit
Nexera’s token contract has been paused and the team advises crypto investors to stop trading the NXRA token. Source: https://cointelegraph.com/news/nexera-hack-1-5-million-nxra-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
California county to regulate Bitcoin ATMs backed by state laws
Chico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency. Source: https://cointelegraph.com/news/chico-california-regulates-bitcoin-atms?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound