Browsing:Ethereum

Over $90 Million Worth of ETH Withdrawn from Binance, On-Chain Analysis Shows
10 months ago 1 min read

Ethereum Whale Moves $90 Million from Binance in a Month, Reveals On-Chain Data

An Ethereum (ETH) whale has recently caught the attention of crypto enthusiasts as it withdrew a staggering amount of ETH from the popular exchange Binance. Over the course of a month, the whale moved more than $91 million worth of the leading altcoin, according to blockchain tracking firm Lookonchain. Lookonchain’s data reveals that the Ethereum whale withdrew a total of 50,100 ETH, equivalent to $91.2 million, from Binance starting from June 8th. Interestingly, the whale has also engaged in staking, with a stake of 34,560 ETH, valued at approximately $65 million. In addition to the ETH withdrawals, Lookonchain also observed

Vitalik Buterin Reveals Caution in Staking Ethereum (ETH) Holdings Due to Security Concerns
10 months ago 1 min read

Vitalik Buterin Cautious About Staking Large Portion of Ethereum Holdings Due to Infrastructure Concerns

In a recent interview with the Bankless Podcast, Ethereum founder Vitalik Buterin revealed his hesitancy to stake a significant portion of his Ethereum (ETH) holdings. He cited concerns about the current infrastructure surrounding staking services and emphasized the importance of security in making such decisions. His comments have sparked discussions within the crypto community, with Cardano creator Charles Hoskinson expressing surprise at Buterin’s stance. Additionally, Buterin shared his thoughts on the US regulatory approach to cryptocurrencies and expressed empathy for projects facing regulatory challenges. Buterin explained that he prefers to stake only a small portion of his ETH holdings due

Cyberattack on PolyNetwork Results in 403 ETH Worth of Tokens Stolen
10 months ago 2 mins read

PolyNetwork Hacked: Hackers Steal 403 ETH Worth of Tokens in Exploitation

Lookonchain, a smartmoney on-chain analytical platform, warned of a potential attack on PolyNetwork. Abnormal transactions involving significant amounts of SHIB, COOK, and RFuel for ETH have raised concerns, with hackers also transferring assets to new wallets, possibly preparing for a large-scale attack. Abnormal Transactions Trigger Alarm Lookonchain has flagged abnormal transactions on the PolyNetwork, indicating a potential attack. The platform reported the sale of 94 billion SHIB for 360 ETH, 495 million COOK for 16 ETH, and 15 million RFuel for 27 ETH. These large and suspicious transactions have raised concerns among investors and the broader crypto community. Metis DAO

The number of staked ETH has surpassed 23.5 million tokens
10 months ago 1 min read

Ethereum Staking Surpasses 23.5 Million ETH, Signalling a Shift Towards Decentralization

The number of staked ETH has surpassed 23.5 million tokens, a new all-time high. This milestone highlights the growing interest in Ethereum staking and signals a shift towards decentralization. Staking involves locking up cryptocurrency in a proof-of-stake blockchain, such as Ethereum, to support the network’s security and earn rewards. This process is akin to depositing funds in high-yield accounts at traditional banks. By staking their ETH, token holders can generate income without selling or trading their assets. Additionally, a higher number of participants staking their ETH strengthens the overall security of the blockchain. The value of staked ETH has surged

crypto whales have withdrawn over $150 million worth of Ethereum (ETH)
10 months ago 1 min read

Ethereum (ETH) Whales Move $150 Million From Binance and Kraken Exchanges

Three prominent crypto whales have withdrawn over $150 million worth of Ethereum (ETH) from the popular crypto exchanges Binance and Kraken. The significant withdrawals were made from newly created wallets, as reported by blockchain tracker Lookonchain. The withdrawals come amid a wave of regulatory scrutiny on the digital asset sector in the United States. The U.S. Securities and Exchange Commission (SEC) has filed lawsuits against Binance and Coinbase, two leading crypto exchanges, for alleged securities law violations. This has raised concerns among traders and investors, who may be opting to self-custody their assets in order to protect them from government

Ethereum Inches Closer to $2,000 as It Mirrors Bitcoin's Upward Momentum
10 months ago 1 min read

Bullish Momentum Pushes Ethereum Price Closer to $2,000 Milestone

The price of Ethereum (ETH) is experiencing a significant rally, following in the footsteps of Bitcoin’s surge. With ETH trading above key resistance levels and showing bullish indicators, it could soon test the crucial $2,000 resistance zone. Recent Price Movements Ethereum has successfully broken through the $1,850 and $1,880 resistance levels, indicating a strengthening bullish momentum. The price is currently trading above the $1,907 mark and is well supported by the 100-hourly Simple Moving Average, further bolstering the bullish sentiment. Key Levels to Watch As Ethereum continues its upward journey, immediate resistance is expected near the $1,930 level. A successful

Matter Labs' zkSync Era recently reached a major milestone
10 months ago 2 mins read

zkSync Era Surpasses $500 Million in TVL

Matter Labs’ zkSync Era, a zero-knowledge (ZK) rollup solution designed to enhance Ethereum’s scalability, continues to attract significant capital. The platform recently reached a major milestone, with its total value locked (TVL) surpassing $500 million. This achievement reflects a remarkable 12% increase in just one week, according to data from L2Beat, a leading source of information on layer 2 scaling solutions. As zkSync Era gains momentum, it solidifies its position as the third-largest rollup platform, trailing only Arbitrum and Optimism in terms of total value locked. Rapid Growth of zkSync Era With Ethereum Virtual Machine (EVM) compatibility and native account

Ethereum (ETH) whale has withdrawn nearly 39,300 ETH from Binance
11 months ago 1 min read

Ethereum Whales Move Around $100 Millions in ETH From Binance

Ethereum (ETH) whales are defying market uncertainty by expanding their holdings. Despite recent price drops and regulatory concerns, one whale wallet has withdrawn nearly 39,300 ETH from Binance, the world’s largest cryptocurrency trading platform. This surge in whale activity suggests a shift in investor sentiment, with funds potentially being moved to safer havens amidst eroding confidence in centralized entities. On-chain analytics firm Lookonchain highlighted the significant withdrawals in a series of transactions over the past month. Each withdrawal followed a price drop, and the total accumulated ETH in the whale’s wallet exceeds $70 million at the current market price. Notably,

Vitalik Buterin and Polygon Co-founder Direct $100M towards COVID-19 Research
11 months ago 2 mins read

Vitalik Buterin and Polygon Co-founder Pledge $100M for COVID-19 Research

Ethereum co-founder, Vitalik Buterin, has joined forces with India-based crypto fund Crypto Relief and Polygon co-founder Sandeep Nailwal to contribute $100 million towards COVID-19 research and medical infrastructure development in India. In a significant move, Buterin and Nailwal will receive $90 million in USD Coin (USDC) from Crypto Relief, while Buterin himself will contribute an additional $10 million. Collaboration for COVID-19 Relief Vitalik Buterin and Sandeep Nailwal have come together to support COVID-19 research and medical infrastructure in India. Crypto Relief, a community-run fund in India, will transfer $90 million in USD Coin (USDC) to Buterin, ensuring compliance with local

Binance Ethereum Users Pull Out $778M
11 months ago 1 min read

Binance Loses $778M in Ethereum Since SEC Charges

The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance, the world’s largest cryptocurrency exchange, has had a negative impact on the crypto market. According to data from crypto analytic firm Nansen, Binance saw negative netflows of $778 million on the Ethereum blockchain in the 24 hours following the SEC’s announcement of the lawsuit. This means that more Ethereum tokens were withdrawn from Binance than deposited into the exchange during this period. The outflow of funds from Binance has also had a negative impact on the price of Bitcoin and other cryptocurrencies. Bitcoin, for example, fell by more than

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
11 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

Bitcoin and Ether saw a decline of up to 2.5% and 2% respectively
11 months ago 1 min read

SEC Lawsuit Against Binance Sends Crypto Markets into Free Fall

The cryptocurrency market experienced a downturn on Monday following the news of the U.S. Securities and Exchange Commission (SEC) charging Binance, the largest global crypto exchange, with multiple allegations. Bitcoin and Ether, the two leading cryptocurrencies, saw a decline of up to 2.5% and 2% respectively, while Binance’s native token BNB dropped by as much as 7% immediately after the lawsuit announcement. According to court documents released on Monday, the SEC accuses Binance of misusing consumer funds and engaging in unauthorized security sales. The agency claims that Binance’s BNB token and its stablecoin BUSD, which experienced a brief depegging on

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