Ethereum - Optimisus

Guy Gotslak, the co-founder and president of My Digital Money, has a bold prediction for Ethereum (ETH). He believes that Ethereum will reach $10,000 faster than most people anticipate.

6 months ago 1 min read

This Expert Believes Ethereum Will Reach $10K Faster Than People Think

Guy Gotslak, the co-founder and president of My Digital Money, has a bold prediction for Ethereum (ETH). He believes that Ethereum will reach $10,000 faster than most people anticipate. Gotslak is confident that Ethereum has all the necessary fundamentals to make this significant growth happen. Despite Ethereum recently gaining 21% in a crypto market rally, it fell short of the $2,000 mark. Many attribute this rally to Bitcoin’s movement, but Gotslak disagrees. He thinks that Ethereum’s price action is independent of Bitcoin and, in fact, believes that Ethereum’s price has been down due to the overall performance of the entire

Maestro Telegram Bot Falls Victim to Contract Exploit, Resulting in $500,000 ETH Theft

6 months ago 1 min read

Telegram Bot Maestro Falls Victim to Contract Exploit, Losing $500,000 in ETH

Today, Maestro, one of the projects on the popular messaging app Telegram, faced a security breach that resulted in a breach of user accounts. The breach occurred due to a critical security vulnerability within the project’s Router2 contract, which led to unauthorized transfers of over 280 ETH, equivalent to $500,000. The Router2 contract, primarily responsible for managing token swaps, had a vulnerability that enabled attackers to perform unauthorized actions, including asset transfers. Security firm PeckShield reported that the stolen funds were sent to the cross-chain exchange platform Railgun, possibly in an attempt to obscure their origin. The core issue lay

Binance crypto exchange gives its users a heads-up about some upcoming wallet maintenance that could affect their deposits and withdrawals.

6 months ago 1 min read

Binance to temporarily suspend Ethereum deposits and withdrawals

Binance crypto exchange gives its users a heads-up about some upcoming wallet maintenance that could affect their deposits and withdrawals. Binance is scheduled to perform routine wallet maintenance on the Ethereum network (specifically, the ERC20 part) on October 24, 2023, starting at 7:00 a.m. UTC. This maintenance is expected to take around two hours. On the day of the maintenance, starting at 6:55 a.m. UTC, deposits and withdrawals on the Ethereum network (ERC20) will be temporarily suspended. The Binance team clarified that users’ ability to trade digital assets on the Ethereum network (ERC20) will not be affected during this maintenance

The Ethereum whale managed to amass an impressive profit from Ethereum (ETH)

7 months ago 1 min read

Ethereum Whale With 535% Profit Wakes Up After 3 Years and Opens Trades on Ethereum

The crypto world is buzzing with news of a whale known by the address “0x88e” making a return after a prolonged 3 years of sleep During this time, the 0x88e whale managed to amass an impressive profit from Ethereum (ETH), estimated at around $15.56 million, marking a gain of 535%. This story unfolds with the whale initially accumulating 11,904 Ether from the Bitfinex exchange through an older address on June 23, 2020. The average price for this acquisition was around $243.1 per ETH, amounting to a total of $2.894 million. Following this acquisition, the whale decided to disappear for nearly

7 months ago 1 min read

Ethereum Foundation Sells $2.7 Million Worth of ETH, But Keeps $500 Million

The Ethereum Foundation recently conducted its most substantial single transaction of the year, selling 1,700 Ether ($ETH) on the decentralized exchange Uniswap for approximately $2.73 million in USDC. This move reflects their active management of cryptocurrency holdings. Data from on-chain monitoring service Spot On Chain indicates that this transaction contributes to the Ethereum Foundation’s total ETH sales for the year, now amounting to 2,262 tokens. Most of these sales occurred before dips in the cryptocurrency market. Despite these sales, Ethereum Foundation still maintains a formidable financial position. Their wallet holds more than $500 million worth of the second-largest cryptocurrency, Ethereum,

5,000 Ethereum Stolen from Huobi Returned by Hacker

7 months ago 1 min read

Hacker Returns 5,000 Ethereum Stolen from Huobi

In an unexpected turn of events, hackers who had made off with 5,000 Ethereum (ETH) from HTX, formerly known as Huobi, have surprisingly returned the stolen crypto. This remarkable development comes with a twist – the hackers not only gave the funds back but also offered advice on how to improve security. During the refund process, the hackers left a note for HTX, urging the exchange to take immediate action. They advised HTX to change the address of its system hot wallet and reduce the system hot wallet rate due to a private key leak. The security breach occurred on

7 months ago 1 min read

VanEck’s Ethereum ETF Fund Now Live for Trading

Global investment manager VanEck has announced that the Ethereum Strategy ETF fund, EFUT, is now available for trading. The VanEck Ethereum Strategy ETF (EFUT) aims to achieve capital appreciation by investing in Ethereum futures contracts. This actively managed fund offers exposure to investments linked to Ether through an exchange-traded instrument. It’s important to note that the fund does not directly invest in Ethereum or other digital assets. Effective September 29, 2023, the Ethereum ETF fund is now live for trading, marking a significant milestone in the cryptocurrency industry. In an exciting move, VanEck has committed to supporting Ethereum development by

15,000 Ethers (ETH) that had been sitting in a wallet associated with last year's $600 million attack on FTX have now been moved

7 months ago 2 mins read

FTX Exchange ‘Hacker’ Transferred 15K ETH Over the Weekend

In a surprising turn of events, all 15,000 Ethers (ETH) that had been sitting in a wallet associated with last year’s $600 million attack on FTX have now been moved through privacy tools and bridges. This development sheds new light on one of the ongoing mysteries surrounding the exchange’s collapse in 2022. The Attack and Stolen Funds In November 2022, shortly after FTX and its affiliated companies filed for bankruptcy, an unknown party successfully drained various wallets, making off with as much as $600 million. Among the stolen assets, approximately $26 million worth of ETH, equivalent to 15,000 ETH, had

Ethereum Whales Bullish on ETF Approval as They Gather More ETH

7 months ago 1 min read

Ethereum Whales Accumulate ETH as Ethereum Futures ETF Approval Nears Certainty

In recent news, Lookonchain has reported a noteworthy trend of Ethereum (ETH) accumulation and staking by large holders, often referred to as “whales.” One prominent whale, known as “0x7838,” made a significant move by withdrawing and staking 4,288 ETH from the Binance exchange just four days ago, amounting to approximately $7.2 million. Following suit, another wallet with the address “0x4b7B” also withdrew and staked a substantial amount, totaling 9,530 ETH, or approximately $16 million, from Binance. Market analysts speculate that this surge in Ethereum accumulation by whales could be linked to the pending approval of numerous Ethereum Futures ETF applications.

Bitcoin Surges to $28,000, Altcoins Follow Suit

7 months ago 0 mins read

Bitcoin Soars to $28,000, Ethereum Reaches $1,750

In a sudden and impressive move, Bitcoin has surged to the $28,000 mark, marking a rapid 3% increase within minutes. This price spike has had a positive impact on other cryptocurrencies, causing them to rise as well. Ethereum, one of the leading altcoins, has seen daily gains of 3% as well, with its price reaching $1,750. Currently, the fear and greed index stands at a “neutral” level, with a score of 48 points. Moreover, it appears that the recent price surge has led to the liquidation of a $30 million short position, adding to the market’s dynamics.

Asset manager Valkyrie has received approval to convert its existing Bitcoin futures exchange-traded fund (ETF)

7 months ago 1 min read

Asset manager Valkyrie receives approval to convert its existing Bitcoin futures exchange-traded fund (ETF)

Asset manager Valkyrie has received approval to convert its existing Bitcoin futures exchange-traded fund (ETF) into a unique investment vehicle that includes both Bitcoin and Ethereum futures contracts. In a recent statement, a spokesperson from Valkyrie announced, “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures contracts under one wrapper.” This development sets Valkyrie apart as a pioneer in the ETF market, particularly in offering exposure to both Bitcoin and Ethereum futures within a single fund. Valkyrie secured approval for

VanEck Unveils Plans for Ethereum Futures ETF (EFUT)

7 months ago 2 mins read

VanEck to Launch Ethereum Futures ETF (EFUT)

VanEck, a well-known investment manager, has made an exciting announcement about launching an Ethereum Futures exchange-traded fund (ETF). Interestingly, this news follows closely on the heels of the US Securities and Exchange Commission (SEC) signaling its intent to expedite the approval of certain Ether futures ETF applications, all in anticipation of a potential US government shutdown. In a recent press release, VanEck revealed its plans to launch an Ethereum futures ETF called the VanEck Ethereum Strategy ETF (EFUT). As the name suggests, EFUT won’t directly invest in Ether (ETH) or any other cryptocurrencies. Instead, it will derive its value from