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Share link:In this post: Eric Trump has warned his followers not to bet against BTC and ETH. Ethereum recorded a jump above $4,000 to wipe out short positions worth $105 million. Analysts share mixed reactions over ETH’s rally due to its record in the third quarter dating back to 2016.
Share link:In this post: SEC has waived the “bad actor” designation for Ripple after the settlement of their 5-year dispute. The waiver means Ripple can now return to raising capital in the private markets. XRP has seen substantial gains, but analysts say there is more to come.
Share link:In this post: Microsoft has announced that it will discontinue its Lens application in the coming weeks. The company has released the timeline for the removal of the application from the iOS and Android app stores. Microsoft has urged users to switch to the Copilot artificial intelligence application.
Share link:In this post: A Colorado man has pleaded guilty to operating a multi-million-dollar fraudulent investment scheme. The suspect, Timothy McPhee, is also being charged with tax evasion and conspiracy to defraud the United States. McPhee is expected to be sentenced on October 23, facing up to 30 years in prison for his crimes.
Share link:In this post: Ethiopian Electric Power has announced plans to shut down all crypto mining operations in the country. According to the EEP, no new contracts will be taken, and all existing ones will be reconsidered. EEP wants to focus electricity on domestic consumers and strategic industries.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
- 01:415.355 million UNI transferred to an address suspected to be Anchorage Digital's institutional business platform, with 200,000 UNI already deposited into a CEX.According to Jinse Finance, on-chain analyst Yujin has monitored that 5.355 million $UNI ($52.9 million) were transferred to the address 0xF43...BC2, which likely belongs to the institutional business platform of @Anchorage. Nine hours ago, 200,000 $UNI ($1.97 million) had already been transferred to a CEX. These 5.355 million UNI were mainly accumulated in 2023 through Anchorage Digital at an average price of $4.95. The current price has doubled compared to the accumulation price, resulting in a profit of up to $27.5 million.
- 01:26An address sold 57.38 WBTC on-chain, worth approximately $6.517 million.According to a report by Jinse Finance, on-chain analyst @ai_9684xtpa monitored that during the price drop 10 hours ago, a certain address sold 57.38 WBTC on-chain at an average price of $113,573.28, totaling approximately $6.517 million. The cost of his WBTC was $112,784.75, resulting in a profit of $45,000 from this sale. However, if he had held until now, he could have earned an additional $127,000.
- 01:06A certain whale lost over $43.4 million in one month, surpassing the three major bankrupt traders to become the biggest loser on Hyperliquid.According to Jinse Finance, monitored by Lookonchain, as bitcoin climbed back above $116,000, whale 0xa523 sold another 152 ETH (approximately $679) to increase margin in order to avoid liquidation, and closed part of their BTC short positions at a loss. In just one month, this address has lost $43.4 million, surpassing Aguila Trades, insider trader qwatio, and JamesWynn, becoming the biggest loser on Hyperliquid.