FTX’s $247 Million Token Transfer: Market Implications
TL;DR FTX Treasury Wallet Activity: The FTX Treasury Wallet has transferred assets including 195.87 million FTT tokens (worth approx. $247 million), 2,010 ETH, and 6.36...
Tag : Market
Sustainable BTC Mining: The Impact of Bitcoin’s Halving
TL;DR Halving Event Impact: The upcoming Bitcoin halving will reduce block rewards from 6.25 BTC to 3.125 BTC, pushing miners towards more sustainable and economical...
PancakeSwap’s Monumental Token Burn
TL;DR Token Burn: PancakeSwap has destroyed 9.2 million CAKE tokens, worth over $27 million, to reinforce the token’s deflationary mechanism and respond to the increasing demand...
Ethereum Fell by 23% and the Whales Took Advantage of the Crisis
TL;DR Ethereum fell from nearly $3,700 to a minimum of $2,852 per token, a decrease of almost 23%, due to global geopolitical tensions. Despite the...
Bitcoin Whales Refuse to Sell
TL;DR Bitcoin exchange inflows have been low recently, suggesting a lack of interest from whales in selling. The situation resembles previous bullish rallies, but with...
Bitcoin Experiences Massive Short Position Liquidation
TL;DR More than $102 million in Bitcoin short positions were liquidated in the market. Subsequently, there was a 3.8% decrease in the price of BTC,...
CryptoQuant’s Ki Young Ju Raises Concerns Over Ethena Labs’ BTC Move
TL;DR Ethena Labs’ Strategic Decision: Ethena Labs has decided to use Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe, to increase the product’s...
Cryptocurrencies On Volatile Ground: $400 Million Liquidated in Record Time
TL;DR More than $400 million liquidated from the crypto market in the last 4 hours. Binance recorded the highest number of liquidations. BTC and ETH...
Tether Achieves ‘Gold Standard’ Security with SOC 2 Type 1 Audit Completion
TL;DR Tether’s Enhanced Security Measures: Tether, a leading cryptocurrency company, has completed a SOC 2 Type 1 audit, demonstrating that its IT systems meet high...
Ripple’s April Strategy: 1 Billion XRP Tokens to Hit the Market
TL;DR Ripple’s Big Move: On April 1, 2024, Ripple will unlock 1 billion XRP tokens, valued at around $628.5 million, as part of their standard...