MicroStrategy's Michael Saylor hints at first Bitcoin purchase over $100,000
Michael Saylor, the architect of MicroStrategy's Bitcoin investment strategy, has implied that the company just made a new Bitcoin purchase last weekend. This is also the first time MicroStrategy has bought Bitcoin at an average price exceeding $100,000. In a post on December 15 on platform X, Saylor hinted at the new deal through the question of whether SaylorTracker – the company's Bitcoin portfolio tracking tool – had 'missed a green dot.' This indicator is often understood as a subtle announcement of a Bitcoin purchase by MicroStrategy.
Ondo Finance (ONDO) rises over 10% after Trump’s World Liberty Financial purchases $250K
According to Arkham Intelligence, the DeFi project World Liberty Financial (WLFI) of the Trump family spent $250,000 USDC to buy 134,216 ONDO through Cow Protocol at 5:51 AM on December 16. Ondo Finance focuses on tokenizing real-world assets (RWA) and improving liquidity as well as efficiency in financial markets through products like the OUSG short-term bond fund and USDY interest-bearing stablecoin. World Liberty is a cryptocurrency project initiated by the Trump family with support from Polychain. Projects like LINK, AAVE, ENA, and ONDO have all received investment from Polychain.
Whale Activity Peaks In 2024 As Ethereum Faces Regulatory Heat
In a remarkable display of solidarity, the Ethereum community has joined forces with that of Solana in response to the security allegations put forth by the U.S. Securities and Exchange Commission (SEC). This unity is a testament to the growing concern within the crypto industry over regulatory pressures. As the two communities rally together, Ethereum’s value has seen a significant retracement, dropping 18% from its peak on March 11th. This downturn has not deterred investor interest, however,
CryptoQuant Data Predicts Short-Term Bitcoin Volatility And Healthy Correction
The cryptocurrency market is on high alert as data from CryptoQuant signals an impending phase of increased volatility and a potential correction in Bitcoin’s value. Analysts have observed a surge in activity from Bitcoin ‘whales’—investors holding large amounts of BTC—which historically precedes market instability. This uptick in whale transactions often leads to a short-term price decline, creating what is known as a local dip. The Exchange Whale Ratio (EWR), a metric that tracks the relative
Ava Labs’ Emin Gün Sirer Alerts Crypto Community To L2 Pitfalls Post-SBF Era
In the wake of the crypto industry’s recent turmoil, Ava Labs founder Emin Gün Sirer has issued a stark warning about the emergence of subpar Layer 2 solutions (L2s) attempting to fill the void left by the disgraced former FTX CEO, Sam Bankman-Fried (SBF). Sirer’s cautionary message comes in the form of a tweet, where he reflects on the community’s initial oversight of red flags due to SBF’s perceived intelligence and wealth. He criticizes the ease with which “trash L2s” can be launched, highlig
Solana Community Condemns Influx Of Offensive Memecoins
In a recent development that has stirred the Solana community and the broader crypto ecosystem, a surge of memecoins bearing inflammatory and offensive names has been widely denounced. On March 22, it came to light that anonymous entities exploited Solana’s token creation feature, flooding the network with thousands of memecoins. These tokens were not only distasteful but also carried racist, antisemitic, and anti-China sentiments in their names, alongside other derogatory content. Anatoly Yakov
Ethereum Sees Record $913M Net Transfer To Exchanges Amid Regulatory Concerns
In a financial landscape where digital currencies are becoming increasingly intertwined with global markets, Ethereum has marked a significant movement this March. Data from CryptoQuant reveals that the net transfer of Ethereum to centralized exchanges (CEXs) has surpassed $913 million USD, the highest since June 2022. This influx, calculated as the net amount between inflows and outflows, is not just a mere statistic; it reflects the growing concerns among investors about the current regulatory
March 22 Marks $93.85 Million Net Exodus From Bitcoin Spot ETFs, Extending Four-Day Withdrawal Trend
In the world of cryptocurrency, exchange-traded funds (ETFs) have become a barometer for investor sentiment. Recent data from SoSoValue indicates a trend of net outflows from Bitcoin spot ETFs, with a significant amount of $93.85 million leaving these funds on March 22. This marks a continuation of a four-day streak of net outflows, signaling a cautious or bearish stance among investors. Grayscale’s Bitcoin Trust (GBTC), one of the largest and most well-known Bitcoin funds, experienced a substan
NIM Network Distributes Tokens To DYM Stakers In Latest Airdrop
NIM Network, a blockchain platform dedicated to AI gaming, has announced the launch of its Genesis Rolldrop program. The initiative is set to distribute a generous 9% of its token supply, amounting to 90 million NIM, in an airdrop to over 500,000 eligible wallets. Of this, a substantial 50 million NIM is earmarked for wallets currently staking on Dymension (DYM).
The airdrop extends beyond stakers, with eligibility criteria encompassing: Members of gaming communities such as Parallel, Pirate Na
Cryptocurrency Rollercoaster: Bitcoin’s Sharp Decline After Soaring Highs
In the ever-turbulent world of cryptocurrency, Bitcoin has once again made headlines with its dramatic price fluctuations. On March 21, the digital currency experienced a significant drop, hitting a 24-hour low of $64,760, a stark contrast to its daily high of $68,120 just 18 hours prior. The majority of this decline occurred within a mere three hours, as Bitcoin’s value plummeted by 3.2% from $66,906 to $64,760. At the time of writing, Bitcoin has made a modest recovery, hovering just above the
In a groundbreaking development, bitsCrunch has announced the full indexing of all Solana blockchain blocks, marking a significant achievement in its 2024 roadmap. This initiative, positions bitsCrunch at the forefront of blockchain analytics by offering detailed analytics and forensic services for NFT projects, marketplaces, gaming ventures, and brands within the Solana ecosystem. The expansion of bitsCrunch’s AI-powered capabilities, including NFT price estimation and IP infringement detection
Arrington Capital Accused Of Insider Trading And Sybil Attack In EtherFi Airdrop
In a recent turn of events, blockchain analytics firms Nansen and onchain sleuth ZachXBT have brought to light a series of transactions that suggest Arrington Capital may have engaged in insider trading and a Sybil attack to acquire and distribute a significant amount of EtherFi’s native token, ETHFI. According to reports, Arrington Capital, a private equity investor in the restaking platform EtherFi, minted $5,000 worth of eETH last month. This eETH was then divided among 10 different wallets,
Base Chain Sees Record Highs In DEX Trading Volume And Gas Usage
In a remarkable development for the Base chain, the decentralized exchange (DEX) trading volume has surged by 53% month-over-month, reaching a new all-time high of $359 million on March 20. This significant increase is primarily attributed to the dominant performance of Uniswap, which accounted for a staggering 76% of the total volume. The Base chain, which has been gaining traction since its launch by Coinbase following the Solana blockchain, also witnessed unprecedented levels of gas usage. Th
Genesis And Gemini Take Steps To Compensate Users Affected By Failed Earn Program
In a move aimed at rectifying the fallout from the collapsed Earn program, Genesis and Gemini have initiated steps to compensate affected users. According to a statement released on March 19th by Gemini, Genesis has sought approval from a bankruptcy court for a settlement that will allocate funds to users impacted by the failed program. The proposed settlement, outlined in a motion filed by Genesis, aims to distribute funds to users affected by the Earn program’s suspension, which occurred in No
Brandt Affirms Bitcoin’s Health Amid Correction, Eyes $69k For Bull Trend Continuation
Bitcoin has seen a significant price correction this week, with an over 8.6% decline, causing ripples across the trading charts. The digital currency’s value plummeted to $61,500, marking the lowest point in the last fortnight and painting a stark ‘fat red candle’ on the charts. Amidst this downturn, veteran trader Peter Brandt has offered his insights, suggesting that Bitcoin may have formed a “head and shoulders” (H&S) pattern, a common technical indicator that could signal a reversal of the r
COTI V2 Airdrop Campaign Postponed To Q4 2024, Promises Enhanced Privacy On Ethereum
In a recent announcement, the COTI network has revealed that its much-anticipated V2 airdrop campaign will kick off on March 25th. However, the distribution of the new COTI V2 tokens will be delayed until the last quarter of 2024, coinciding with the token’s official launch. COTI V2 represents a significant leap in blockchain privacy, operating as a Layer 2 protocol on Ethereum. It is specifically engineered to securely transmit sensitive data across the blockchain within Web3 applications. Curr
Cardano’s Ecosystem Welcomes Mehen’s USDM, A Fiat-Backed Stablecoin
In a groundbreaking development for the cryptocurrency sector, Cardano, a leading Layer-1 smart contract platform, has announced the launch of the USDM stablecoin by Mehen Finance. This event marks a significant achievement for Cardano, emphasizing its commitment to providing a secure, scalable, and sustainable environment for decentralized applications (DApps). USDM: A New Era of Stablecoins on Cardano The Mehen token, known as USDM, is a digital store of value that is directly convertible to U
Pro-XRP Lawyer John Deaton Announces Senate Run Against Elizabeth Warren
In a bold move that has stirred the crypto community, pro-XRP lawyer John Deaton has announced his candidacy for the Massachusetts Senate race, challenging incumbent Senator Elizabeth Warren. Deaton, a staunch advocate for cryptocurrency, has called upon his substantial social media following to support his campaign both morally and financially. Deaton’s announcement came through a post on X, where he informed his 324,100 followers of his $500,000 personal investment into his senate campaign. Hi
From $67,200 To $34.56 Million: Sundayfunday.Sol’s 436x Return Rate In BOME Investment
In the fast-paced world of cryptocurrency, Sundayfunday.sol has emerged as a trailblazer, showcasing extraordinary success in the realm of decentralized finance. Holding the prestigious title of BOME TOP1 holder, Sundayfunday.sol has recently made waves by spearheading a fundraising initiative with a monumental investment totaling 420 SOL, equivalent to approximately $67,200. The outcome? Nothing short of remarkable.
BOME price 7 day chart by Coingecko As of the latest reports, Sundayfunday.sol
Ether.Fi Announces Airdrop Of Governance Tokens Amidst Market Excitement
Ether.fi, the leading liquid restaking protocol on the Ethereum blockchain, has unveiled its plan to distribute governance tokens through an airdrop. The token, aptly named ETHFI, is set to have a whopping total supply of 1 billion tokens, with an initial circulating supply of 115.2 million tokens. A Two-Season Airdrop Strategy The airdrop is structured in two main stages: Season 1 and Season 2. Season 1, which covers behavior up to March 15, will see the release of 6% of the total token supply.