Browsing:$ETH

Recent on-chain data analysis has unveiled that the top ten largest whales on the Ethereum network have amassed a staggering 31.8 million ETH
10 months ago 2 mins read

Top 10 Ethereum Whales Hold 31.8 million ETH Worth Around $59B

Recent on-chain data analysis has unveiled that the top ten largest whales on the Ethereum network have amassed a staggering 31.8 million ETH, setting a new all-time high. These self-custodial addresses, excluding centralized platforms, have been consistently growing their holdings over the years. The influence of these whales on the market cannot be overlooked, as their movements have the potential to significantly impact Ethereum’s price. Let’s delve deeper into the insights provided by Santiment’s on-chain analytics and explore the trends observed among these powerful investors. Santiment’s research has identified the ten largest non-centralized addresses on the Ethereum network, known as

The bridge allows users to transfer their Tron (TRX) tokens from the TRON blockchain to the Ethereum blockchain.
11 months ago 1 min read

TRON (TRX) Expands to Ethereum with BitTorrent Bridge

TRON (TRX), the native token of the TRON blockchain, has expanded to Ethereum via the BitTorrent Bridge. The bridge allows users to transfer their TRX tokens from the TRON blockchain to the Ethereum blockchain. This will allow TRX users to access Ethereum decentralized applications (Dapps) and decentralized finance (DeFi) platforms. The BitTorrent Bridge is a decentralized bridge that uses smart contracts to facilitate the transfer of tokens between the TRON and Ethereum blockchains. The bridge is open-source and anyone can participate in its development. The launch of the BitTorrent Bridge is a major milestone for TRON. It will allow TRX

Cryptocurrencies gained following successful negotiations on raising the U.S. debt ceiling that injected some optimism into markets.
11 months ago 1 min read

Bitcoin is back above US$27,000 Following U.S. Debt Ceiling Deal

Cryptocurrencies gained following successful negotiations on raising the U.S. debt ceiling that injected some optimism into markets. Bitcoin, the world’s largest cryptocurrency, rose 1.08% to US$27,076 in 24 hours to 4 p.m. in Hong Kong, bringing its weekly gains to 2.08%, according to CoinMarketCap data. Ether, the second biggest cryptocurrency in the world, gained 1.78% to US$1,886 in 24 hours, after rising 3.85% in the last seven days. Litecoin was the biggest gainer among the top 10 cryptos, climbing 2.25% to US$94.48 in 24 hours, and strengthening 8.35% on the week. It rose on stronger buying support from its third

The price of Ethereum (ETH) has somewhat stalled in recent weeks, but declining network fees indicate there is room for optimism.
11 months ago 2 mins read

Ethereum Gas Prices Drop 69%

The price of Ethereum (ETH) has somewhat stalled in recent weeks, but declining network fees indicate there is room for optimism. The lower entry threshold could facilitate more convenience and utility. As it happens, average Ethereum fees have returned to their normal levels after skyrocketing to a yearly high of $14 per ETH transaction in early May. They have recently dropped to $4.28 per transaction, according to the data shared by crypto analytics platform Santiment on June 1. These results demonstrate a decline of 69% from only 25 days ago, when the meme coin hype, triggered by the launch and

US Senator Elizabeth Warren said that crypto is being used by drug traffickers and other criminals to move money around the world anonymously.
11 months ago 2 mins read

US Senator Elizabeth Warren: Crypto is Being Used to Traffic Fentanyl

US Senator Elizabeth Warren has called for regulation of cryptocurrency in order to combat money laundering. In a congressional hearing on Wednesday, Warren said that cryptocurrency is being used by drug traffickers and other criminals to move money around the world anonymously. Warren cited a recent report by the Drug Enforcement Administration (DEA) that found that cryptocurrency is being increasingly used to facilitate fentanyl trafficking. The report found that drug traffickers are using cryptocurrency to purchase fentanyl from overseas suppliers and distribute it domestically. Warren argued that cryptocurrency is a “major enabler” of money laundering because it allows criminals to

Arbitrum-based DeFi protocol Jimbos was hacked on May 28
11 months ago 1 min read

Hackers Steal $7.5M in Ether from Arbitrum-based Jimbos Protocol

Arbitrum-based DeFi protocol Jimbos was hacked on May 28, resulting in the loss of 4,000 Ether (ETH) worth approximately $7.5 million. The attack was carried out by exploiting a vulnerability in the protocol’s liquidity conversion mechanism. The attacker was able to reverse swap orders for their own gain, resulting in the loss of funds. Jimbos Protocol is a relatively new protocol, having only been launched in April 2023. The protocol aims to address liquidity and volatile token prices through a new testing approach. However, the protocol’s mechanism was not adequately developed, leading to the logical vulnerability that was exploited in