Author: e_cash_top
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Jupiter airdrop propels Solana DEXs to outpace Ethereum in daily trading activity
[ad_1] Solana-based Jupiter airdrop has generated substantial excitement, driving decentralized exchange (DEX) trading activity on the layer1 blockchain network beyond that of Ethereum. Data from DeFillama shows that Solana-based DEXs facilitated trades totaling $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period. This achievement…
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Bitcoin’s STH Realized Price nears $40,000, signaling strong market momentum
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Grayscale’s Bitcoin Trust marks lowest outflow since trading inception
[ad_1] Quick Take The 15th day in the evolving landscape of Bitcoin ETFs displayed a rather moderate pace with only $38.5 million in net inflows, according to BitMEXResearch. The Grayscale Bitcoin Trust (GBTC) observed its lowest amount of outflows since day one of the trading period, recording a drop to $182 million. Despite reduced net…
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Bankrupt FTX wants to sell $175 million claim against Genesis to aid creditor repayment
[ad_1] FTX bankruptcy estate intends to sell its $175 million general unsecured claim against the collapsed crypto lender Genesis, according to a Feb. 2 court filing. FTX proposed to divest these claims through public auctions or private transactions, either in entirety or in parts, with single or multiple purchasers. The generated funds would be used…
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Bitcoin mining difficulty to see largest increase in a year
[ad_1] Quick Take Bitcoin’s difficulty adjustment is poised for another significant shift with an upcoming 7% adjustment, according to Newhedge. This marks the largest difficulty increase in almost a year since March 2023. The evolution of Bitcoin’s mining difficulty is a significant indicator of the network’s health and security. The previous difficulty adjustment registered a…
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DOJ charges trio in sim-swap scheme potentially linked to $400 million FTX crypto heist
[ad_1] The United States Department of Justice (DOJ) has taken legal action against three individuals—Robert Powell, Carter Rohn, and Emily Hernandez—for their involvement in a Sim-swapping scam in November 2022. The charges brought against them include fraud and identity theft. This case has raised eyebrows due to its potential connection to the 2022 FTX hack,…
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Whales and institutions lead the charge in Bitcoin’s exchange volume surge
[ad_1] As Bitcoin’s short stint below $40,000 caused quite a stir in the market, one could expect that its recovery to $42,000 would have caused a spike in retail trading activity. With short-term holders making up the majority of what we call “retail” traders, a quick jump in Bitcoin’s price would usually cause a notable spike…
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Valkyrie’s spot Bitcoin ETF adds BitGo as a second custodian
[ad_1] Vaklyrie Investments and BitGo have entered into a custodianship agreement, according to an announcement from the latter company on Feb. 1. Mike Belshe, CEO of BitGo, said: “… [Valkyrie] took a new step forward with their newest ETF to help investors around the world get access to Bitcoin. It’s a privilege to be their…
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Binance froze $4.2 million of XRP stolen in attack on Ripple co-founder
[ad_1] Binance announced on Feb. 1 that it has frozen $4.2 million of XRP that was stolen from a Ripple executive one day earlier. Binance CEO Richard Teng said: “After finding out early on about the exploit … we’re happy to say that the Binance team has managed to freeze $4.2 Million worth of XRP…
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Hamas victims file class action against Binance over allegedly facilitating terrorism financing
[ad_1] Families of Hamas victims have filed a lawsuit against the cryptocurrency exchange Binance in a federal court in Manhattan, alleging that the platform indirectly facilitated financial transactions for Hamas, Bloomberg News reported Feb. 1. The lawsuit accuses Binance of enabling the terrorist organization to bypass sanctions and anti-money laundering laws, thus providing material support…