ANALYSIS: Ethereum held in accumulation wallets has jumped 65% in 2024, surpassing 19 million ETH, worth over $50 billion, according to CryptoQuant's Burakkesmeci.
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RECENTLY: The Terra Luna Classic community has approved a proposal to access Terraform Labs' accounts on CoinMarketCap, resulting in price increases for LUNC and USTC.
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RECENTLY: Angel Drainer reportedly acquired rival phishing service Inferno Drainer's source code after the latter exited the crypto scamming business.
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RECENTLY: PumpDotFun announced plans to launch a token and introduced a zero-fee advanced trading terminal, "Pump Advanced," during an X Spaces event.
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RECENTLY: U.S. attorneys urged President Biden to classify Binance executive Tigran Gambaryan as a hostage due to his life-threatening detention in Nigeria.
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ANALYSIS: Bitcoin (BTC) is approaching 100% holder profitability, with a potential surge to $78,000 as 95% of holders are currently in profit, supported by strong Global In/Out of Money (GIOM) data.
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RECENTLY: A long-dormant Bitcoin whale holding 25 BTC, worth $1.71 million, reactivated after 10.8 years as Bitcoin briefly reached $69,000, according to Whale Alert.
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RECENTLY: VanEck's report highlights that Bitcoin (BTC) is poised for a breakout due to rising institutional investment, increased miner accumulation, and strong inflows into exchange-traded products (ETPs).
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RECENTLY: DWF Labs announced a partnership with Ethereum-based Neiro to enhance its marketplace and community.
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OPINION: Analyst Nate Geraci predicts US-based spot Bitcoin ETFs will exceed Gold ETFs in cumulative net inflows within two years, following recent net inflows of over $2 billion as Bitcoin approaches $70,000.
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OPINION: Governments are reliant on free money.
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ANALYSIS: Binance has surpassed $100 trillion in trading volume, far outpacing competitors OKX, Bybit, Bitget, and HTX, according to CCData.
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JUST IN: Hyve launched HyveDA, a data availability protocol with 1 GB/s throughput, 100 times faster than current solutions, following a $1.85M pre-seed round.
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RECENTLY: World Network, formerly Worldcoin, launched its Ethereum Layer 2 World Chain, with Dune Analytics reporting 737,928 transactions and over 17,000 users in the first 24 hours.
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RECENTLY: Rebar Labs plans to launch the first Bitcoin-native MEV Shield by the end of 2024, aiming to protect traders from front-running and onboard miners representing a significant portion of the Bitcoin network’s hashrate.
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JUST IN: Yuga Labs has launched ApeChain on Ethereum, featuring cross-chain tools and a trading simulation game with 1,000x leverage.
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JUST IN: Radiant Capital is collaborating with US law enforcement to freeze assets following a $50 million hack that compromised developers' hardware wallets using advanced malware.
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RECENTLY: ECB officials urged non-Bitcoin holders to support legislation against Bitcoin, citing wealth redistribution from latecomers to early adopters.
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🚨 WARNING: A new TrickMo banking Trojan, discovered by Cleafy, has compromised 13,000 Android devices through phishing, posing severe security risks.
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RECENTLY: A whale withdrew $2 million USDC from Binance to buy more GOAT tokens, bringing their total investment to $6 million USDC, amid a 300% surge in GOAT's price, according to Lookonchain.
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RECENTLY: Bitfinex announced it has invested in Plasma to boost Tether (USDT) adoption on Bitcoin, enabling zero-fee global payments using USDT via Bitcoin's network.
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ANALYSIS: Bitcoin ETFs pulled in over $2 billion in inflows over six consecutive days, reaching $21 billion in total net inflows, according to SoSoValue.
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OPINION: Federal Reserve Board member Christopher Waller stated that decentralized finance (DeFi) is likely to complement traditional finance rather than replace it, emphasizing the ongoing need for intermediaries and regulatory frameworks.
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OPINION: Michael Saylor, CEO of MicroStrategy, encourages major companies to invest in Bitcoin instead of share buybacks, arguing it could significantly increase market value and serve as a hedge against inflation.
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RECENTLY: Ambient Finance was hacked via a DNS attack, exposing users to malicious links, but assured funds were secure.
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JUST IN: ScamSniffer now applies a 0.25% fee on select DEX trades, with mandatory fees supporting security services and limiting functionality if disabled.
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RECENTLY: JPMorgan, Bank of America, Wells Fargo, and Citi lost $6.9 billion in Q3 2024 due to rising credit card delinquencies, signaling a potential debt bubble burst.
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STUDY: A survey by Blockworks Research found that 69.2% of Ethereum institutional investors are engaged in staking, with notable growth since the PoS transition.
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ANALYSIS: USDT and USDC now account for approximately 50% of transaction volume among major cryptocurrencies, contributing to a stablecoin market capitalization of $172 billion.
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RECENTLY: President Putin announced BRICS has officially adopted cryptocurrencies for investments, ahead of the 2024 summit.
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