In July, a significant breach at WazirX resulted in the theft of a staggering $230 million, marking one of the most substantial heists in the cryptocurrency landscape. A recent analysis by Arkham Intelligence has revealed that the hacker, who has been methodically laundering these funds, is now left with only $6 million in Ethereum. The
Ethereum
Recent trends in Ethereum’s price have sparked extensive discussions among investors and analysts alike. On September 6, Ethereum faced a significant decline, hitting a low of $2,150. This drop raised alarms about the potential for an even steeper decline toward the psychologically important $2,000 mark. Yet, just a week later, Ethereum rebounded to $2,460, rejuvenating
Ethereum, one of the leading cryptocurrencies, seems to have hit a challenging period recently. The digital asset’s price movement has failed to inspire confidence among its holders, leading to a sentiment of uncertainty in the market. Many factors have contributed to this predicament, particularly with spot Ethereum exchange-traded funds (ETFs) launched in the U.S. that
BNY Mellon, one of the world’s oldest and largest banks, is making noteworthy strides in the realm of cryptocurrency. A recent report from Bloomberg News revealed that BNY Mellon has successfully obtained an exemption from the Securities and Exchange Commission (SEC) regarding their handling of customer crypto holdings, specifically under the SEC’s Staff Accounting Bulletin
In an intriguing turn of events, the two major Grayscale funds, the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE), experienced significant outflows on a recent Monday. Despite these withdrawals, the underlying assets’ values proved surprisingly resilient, with both Bitcoin and Ethereum recording minor price gains over the preceding 24 hours. This resilience prompts
In recent weeks, the landscape of cryptocurrency investments has witnessed a noteworthy uptick in activity. As digital asset funds attract considerable attention from investors, the trend signals a robust resumption of interest. Data from CoinShares reveals a remarkable shift as global crypto funds recorded inflows for the second consecutive week, amounting to $321 million last
The world of cryptocurrencies is often characterized by volatility and unpredictability, yet certain events resonate deeply within the community, especially when they pertain to significant capital movements. Recently, an anonymous Ethereum whale, famously dubbed a “Diamond Hand,” executed a remarkable transaction that has garnered massive attention. The transfer of 15,000 ETH, valued at an astounding
In a highly anticipated move, the US Federal Reserve recently reduced the key interest rates by 0.5%, a decision that has sparked significant reactions in the financial markets, particularly within the cryptocurrency sector. This adjustment is reflective of the Fed’s ongoing efforts to ensure economic stability amidst fluctuations in inflation and employment rates. Rate cuts
The cryptocurrency market is known for its rapid fluctuations and shifting trends, and Ethereum (ETH) is no exception. Recent data highlights a unique adaptation in the behaviors of various investor demographics within the Ethereum ecosystem. As the market grapples with ongoing uncertainties, large-scale ETH holders seem to be stepping back, while mid-tier holders are cautiously
The cryptocurrency market is a dynamic environment, significantly influenced by external economic factors, particularly the policies of the Federal Reserve (Fed). Recently, the market experienced a surge led by notable cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), reaching heights previously unseen in months. This uptrend is primarily fueled by anticipations surrounding the Fed’s potential