Bybit CEO Ben Zhou has addressed the recent liquidation of a massive Ethereum (ETH) position on Hyperliquid, shedding light on the challenges of managing high-leverage trading on decentralized exchanges (DEXs) and centralized exchanges (CEXs). The incident involved a whale holding a long ETH position valued at approximately 300 million, backed ...
An executive at NFT platform Yuga Labs has warned that Ethereum's price could fall to between $200 and $400 in an extreme bear market scenario if the cryptocurrency market enters a new downturn. Under the pseudonym "Quit," the executive shared these concerns in a post on X, challenging more optimistic ...
Donald Trump’s World Liberty Financial has made a significant investment in cryptocurrency, purchasing $21.5 million worth of Ethereum, Wrapped Bitcoin, and Movement Network tokens. According to a post on March 6 by the on-chain analytics platform Spot On Chain, these transactions were carried out using USDC from a newly created ...
Binance has denied allegations of market manipulation after traders accused the exchange of selling millions of Solana (SOL) and Ethereum (ETH) tokens through market maker Wintermute. The accusations arose after on-chain data analytics platform Arkham Intelligence published a report on February 24 revealing large transfers from Binance’s hot wallet. According ...
Bhutan's newly established special administrative region, Gelephu Mindfulness City (GMC), has announced plans to include Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) in its strategic reserves. This innovative move positions the region as one of the first in the world to integrate digital assets into its financial framework. In ...
Ethereum's Ether (ETH) is the second-largest cryptocurrency by market capitalization and has long been a cornerstone of the blockchain ecosystem. It follows closely behind Bitcoin in terms of market performance, often reflecting similar patterns of gains and losses. As Ethereum continues to evolve, one pressing question looms large: What role ...
Crypto fraud and scam activity tied to Japanese crypto exchanges declined substantially in the first half of 2024, according to a new report from Chainalysis. The blockchain analytics firm’s published data revealed a 69% decrease in Ethereum (ETH) transactions linked to fraudulent activity and a nearly 50% drop in Bitcoin ...
Blockchain infrastructure firm Consensys is working on a new project to create a platform enabling individuals to declare personal sovereignty within Web3 and the AI-driven global economy. According to the company's founder, Joe Lubin, in an X post on November 14, the project, which he called "Network State," is a ...
Binance has announced its support for Aragon’s (ANT) latest initiative, offering ANT token holders the opportunity to exchange their tokens for Ethereum (ETH). In an official statement released on October 24, 2024, the crypto exchange confirmed that the Aragon Foundation would use a portion of its treasury to allow ANT ...
Binance has released its Proof-of-Reserves (PoR) report for September 2024, and it reveals a big struggle for the cryptocurrency market during the month. The report marks the 23rd update on Binance's reserves and shows notable declines in Bitcoin, Ethereum, and Tether held by the exchange. According to the report, 9,577 ...
