Crypto News

Ethereum co-founder Vitalik Buterin sells over $2 million in meme coins

October 14, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has recently sold over $2 million in meme coins, continuing his trend of using the proceeds for charitable donations. In just 24 hours, he made significant sales, totaling 908.77 ETH, which is around $2.24 million. This includes selling 10 billion Moodeng tokens and 200,000 MSTR2100 tokens, among others. Buterin’s commitment to philanthropy is evident, as he has already donated a substantial portion of his

Arkham Intelligence intends to launch its own crypto derivatives exchange next month

October 14, 2024 1 min read

Arkham Intelligence is gearing up to launch its own crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has sparked a notable 12% increase in the value of its native token, ARKM, which has been on the rise alongside the broader market recovery. Currently, ARKM is trading at $1.51, reflecting a 16% gain in just 24 hours. The new exchange will be based in

US spot Bitcoin ETFs see over $250M inflows last week

October 14, 2024 1 min read

On October 11, US spot Bitcoin exchange-traded funds (ETFs) saw a significant turnaround with net inflows of $253.6 million, following a few days of withdrawals. According to data from Farside Investors, the Fidelity Wise Origin Bitcoin Fund led the way with an impressive $117.1 million influx, closely followed by the ARK 21Shares Bitcoin ETF, which attracted $97.6 million. The Bitwise Bitcoin ETF also had a notable day, receiving $38.8 million,

AVAX surges by over 16% in the last 48 hours as Avalanche Foundation plans to repurchase 1.97M tokens

October 12, 2024 1 min read

AVAX, the crypto associated with the Avalanche blockchain, has experienced a remarkable 16% increase in value within just 48 hours. This surge follows the announcement that the Avalanche Foundation plans to buy back 1.97 million tokens previously sold to the Luna Foundation Guard (LFG) in April 2022. The deal is awaiting approval from a bankruptcy court. After a minor dip on October 10, AVAX’s price rebounded from a support level

Defunct crypto exchange Mt. Gox pushes its repayment deadline to October 2025

October 12, 2024 1 min read

The defunct cryptocurrency exchange Mt. Gox has extended its repayment deadline to October 31, 2025, pushing it back by a year from the previous date. This decision was made with court approval, as the Rehabilitation Trustee aims to ensure that repayments to creditors are carried out as smoothly as possible. This marks the second postponement of the repayment timeline; earlier in 2023, the deadline was shifted from October 31, 2023,

A crypto whale loses $35M in fwDETH on Blast network due to phishing permit attack

October 11, 2024 1 min read

A recent phishing attack on the Blast network resulted in a crypto whale losing around $35 million in Few Wrapped Duo ETH (fwDETH) tokens. The incident was initially reported by Scam Sniffer and later confirmed by security firms PeckShield and BlockSec. The victim inadvertently signed a fraudulent “permit” signature, which allowed the attacker to access and drain funds from their wallet. fwDETH is a wrapped version of Duo ETH (DETH),

MicroStrategy’s net asset value premium hit 2.5 times it’s bitcoin holdings

October 11, 2024 1 min read

MicroStrategy, a company that identifies itself as a Bitcoin Development Company, has seen its stock performance soar in relation to Bitcoin’s price, reaching a premium not seen in over three years. The company’s net asset value (NAV) premium, which is calculated by comparing its market capitalization to the value of its Bitcoin holdings, has climbed to approximately 2.5. As of the last market update, MicroStrategy’s market cap stood at around

The FBI charges three crypto firms and 15 people in a major market manipulation sting

October 11, 2024 1 min read

In a groundbreaking move, the FBI has charged three cryptocurrency firms—Gotbit, ZM Quant, and CLS Global—along with 15 individuals for market manipulation, marking a significant step in the fight against fraudulent trading in the digital asset arena. This case is particularly notable as it involves the FBI creating a fake cryptocurrency token to ensnare the accused firms in their deceptive practices. The investigation revealed that these companies engaged in sham

Crypto trader uses 11 hidden wallets to conceal $24M in meme coins while promoting them

October 10, 2024 1 min read

In a striking exposé, crypto investigator ZachXBT has unveiled the deceptive practices of Murad Mahmudov, a prominent figure in the meme coin trading scene. Utilizing 11 different wallets, Murad allegedly concealed nearly $24 million in meme coin investments while promoting these tokens to his followers. His strategy involved inflating the value of coins like SPX, which skyrocketed by 61 times, thanks to his own endorsements. ZachXBT’s research revealed that between

SUI experiences over 26% decrease in volume

October 10, 2024 1 min read

Worldcoin (WLD) is currently navigating a challenging market, trading at $1.84 after a 6.87% decline in the past 24 hours. With a market cap of approximately $945 million, it ranks #69 among cryptocurrencies. The trading volume has also dipped significantly, down 26.65% to about $190 million, yet the volume-to-market cap ratio of 20.10% indicates that trading activity remains robust despite the downturn. Recent sell-offs, particularly a notable deposit of $265K

Taiwan’s Financial Supervisory Commission (FSC) plans to launch custody services of open digital assets

October 10, 2024 1 min read

Taiwan is gearing up to embrace the world of digital assets, as the Financial Supervisory Commission (FSC) announces a trial program for custody services set to launch in early 2025. Three local banks are stepping up to provide secure storage for popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The FSC has established stringent guidelines for these banks, requiring them to clearly define the assets they will support and their intended

Former Alameda to hand over bulk of her assets to settle FTX lawsuit

October 10, 2024 1 min read

Caroline Ellison, the former co-CEO of Alameda Research, has reached a settlement with the FTX bankruptcy estate, agreeing to transfer most of her assets to help resolve a lawsuit stemming from FTX’s collapse. In a recent court filing, it was revealed that Ellison will hand over nearly all her assets, excluding those already forfeited to the government or used for legal expenses. Additionally, she has committed to cooperating fully with