Chainlink [LINK] daily whale transactions count climb to its highest level in the last year
During the intraday trading session on 27 July, Chainlink (LINK) led the altcoins pack with the most gains. The count of LINK whale transactions climbed to a one-year high, pushing the token to trade above the $8.3 price point, data from Santiment revealed.
🔗📈 #Chainlink has jumped ahead of the #altcoin pack Thursday. And prices appear to be powered by heavy whale accumulation, with the highest amount of transactions valued at $1M+ this year. Wallets holding 100K-10M $LINK are accumulating rapidly as well. https://t.co/U1vV7JmyNJ pic.twitter.com/gkIm6lhMie
During the intraday trading session on 27 July, Chainlink (LINK) led the altcoins pack with the most gains. The count of LINK whale transactions climbed to a one-year high, pushing the token to trade above the $8.3 price point, data from Santiment revealed.
🔗📈 #Chainlink has jumped ahead of the #altcoin pack Thursday. And prices appear to be powered by heavy whale accumulation, with the highest amount of transactions valued at $1M+ this year. Wallets holding 100K-10M $LINK are accumulating rapidly as well. https://t.co/U1vV7JmyNJ pic.twitter.com/gkIm6lhMie
Changing Realities of Crypto Mining – Alternative Solutions To Integrate
At the end of July 2023, the Bitcoin network passed its 800,000th block.
While this marks a major milestone in the blockchain’s history, it also reminds us that only eight months are left until the next BTC halving event, which is set to take place on April 26, 2024.
At the end of July 2023, the Bitcoin network passed its 800,000th block.
While this marks a major milestone in the blockchain’s history, it also reminds us that only eight months are left until the next BTC halving event, which is set to take place on April 26, 2024.
Bitcoin Flashing Signs of Returning Strength Amid Tumultuous Macro Backdrop, Says Lead Glassnode Analyst
A top analyst for the crypto analytics firm Glassnode believes Bitcoin (BTC) is gearing up for its next surge.
Pseudonymous trader Checkmate, Glassnode’s lead on-chain analyst, says on the media platform X that Bitcoin’s profit/loss momentum for short-term holders metric has recently recovered and is in the green again.
A top analyst for the crypto analytics firm Glassnode believes Bitcoin (BTC) is gearing up for its next surge.
Pseudonymous trader Checkmate, Glassnode’s lead on-chain analyst, says on the media platform X that Bitcoin’s profit/loss momentum for short-term holders metric has recently recovered and is in the green again.
Analyst Says One Ethereum Rival Looks Abysmal, Warns To Watch Out Below if Altcoin Loses Key Level
A closely followed crypto strategist is warning that an Ethereum (ETH) challenger that’s down about 65% this year will likely witness more sell-off events if the altcoin loses its immediate support.
Pseudonymous analyst Altcoin Sherpa tells his 196,700 followers on the social media platform X that Fantom (FTM) holders should watch out below if the Ethereum rival loses support at $0.15.
A closely followed crypto strategist is warning that an Ethereum (ETH) challenger that’s down about 65% this year will likely witness more sell-off events if the altcoin loses its immediate support.
Pseudonymous analyst Altcoin Sherpa tells his 196,700 followers on the social media platform X that Fantom (FTM) holders should watch out below if the Ethereum rival loses support at $0.15.
Litecoin (LTC) Price Analysis: Key Uptrend Support Intact, Fresh Increase?
Litecoin price is rising from the $65.00 zone against the US Dollar, like Bitcoin. LTC price could climb again if there is a clear move above $71.00.
Litecoin Price AnalysisIn the past few days, there was a decent increase in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. However, LTC struggled to clear the $76.80 resistance zone and started a fresh decline.
There was a move below the $72.00 and $70.00 support levels. Finally, the bulls protected the key support at $65.00. A low is formed near $65.22 and the price is now attempting a fresh increase. The price started a recovery wave above the $66.50 and $68.00 levels.
Litecoin price is rising from the $65.00 zone against the US Dollar, like Bitcoin. LTC price could climb again if there is a clear move above $71.00.
Litecoin Price AnalysisIn the past few days, there was a decent increase in Bitcoin, Ethereum, Ripple, and Litecoin against the US Dollar. However, LTC struggled to clear the $76.80 resistance zone and started a fresh decline.
There was a move below the $72.00 and $70.00 support levels. Finally, the bulls protected the key support at $65.00. A low is formed near $65.22 and the price is now attempting a fresh increase. The price started a recovery wave above the $66.50 and $68.00 levels.
Bankruptcy Judge Greenlights Celsius Shift to Bitcoin Mining
The now-defunct crypto lender Celsius has received authorization to pivot to bitcoin mining, following approval from U.S. District Judge Martin Glenn of Manhattan for the firm’s revised strategy. This move comes after the company’s initial proposal encountered obstacles from the U.S. Securities and Exchange Commission (SEC) at November’s end.
Celsius Wins Court Approval to Pivot to Bitcoin Mining Amidst Restructuring EffortsInitially greenlit for restructuring by the court, Celsius encountered resistance from the U.S. securities regulator. On Nov. 20, 2023, the firm disclosed a shift solely to bitcoin mining. Celsius acknowledged it “received feedback” from the SEC, leading to plans to commence registration of shares in a newly public bitcoin (BTC) mining company, Mining Newco, to be customer-owned.
This week, U.S. District Judge Martin Glenn sanctioned Celsius’ updated blueprint to transition into a bitcoin mining enterprise. Celsius debtors anticipate the total costs and economic incentives for managing Mining Newco will be less than those related to the Fahrenheit deal that was arranged.
The now-defunct crypto lender Celsius has received authorization to pivot to bitcoin mining, following approval from U.S. District Judge Martin Glenn of Manhattan for the firm’s revised strategy. This move comes after the company’s initial proposal encountered obstacles from the U.S. Securities and Exchange Commission (SEC) at November’s end.
Celsius Wins Court Approval to Pivot to Bitcoin Mining Amidst Restructuring EffortsInitially greenlit for restructuring by the court, Celsius encountered resistance from the U.S. securities regulator. On Nov. 20, 2023, the firm disclosed a shift solely to bitcoin mining. Celsius acknowledged it “received feedback” from the SEC, leading to plans to commence registration of shares in a newly public bitcoin (BTC) mining company, Mining Newco, to be customer-owned.
This week, U.S. District Judge Martin Glenn sanctioned Celsius’ updated blueprint to transition into a bitcoin mining enterprise. Celsius debtors anticipate the total costs and economic incentives for managing Mining Newco will be less than those related to the Fahrenheit deal that was arranged.
US Banking Giant Owes Millions of Dollars to Customers After Failing to Protect and Reimburse Victims of Fraud for Years: New York Attorney General
New York is suing one of America’s biggest banks for allegedly implementing weak security measures, deceiving customers about their rights and refusing to reimburse fraud victims as mandated by law.
New York Attorney General Letitia James says her office has decided to sue Citibank after the financial giant failed to protect its customers over the course of the last six years.
New York is suing one of America’s biggest banks for allegedly implementing weak security measures, deceiving customers about their rights and refusing to reimburse fraud victims as mandated by law.
New York Attorney General Letitia James says her office has decided to sue Citibank after the financial giant failed to protect its customers over the course of the last six years.
“Maybe I Should Buy Some Bitcoin” Asserts Billionaire Bill AckmanAs BTC Nears $70,000
Billionaire investor and CEO of Pershing Square Capital Bill Ackman has recently commented on Bitcoin’s soaring price, suggesting that its meteoric rise could have significant implications for energy production, consumption, and the broader economy.
In a Sunday tweet, Ackman presented a scenario in which the escalating value of Bitcoin could trigger a surge in energy consumption. He posited that this could subsequently lead to inflationary pressures and a depreciation of the US dollar.
Billionaire investor and CEO of Pershing Square Capital Bill Ackman has recently commented on Bitcoin’s soaring price, suggesting that its meteoric rise could have significant implications for energy production, consumption, and the broader economy.
In a Sunday tweet, Ackman presented a scenario in which the escalating value of Bitcoin could trigger a surge in energy consumption. He posited that this could subsequently lead to inflationary pressures and a depreciation of the US dollar.
Bitcoin Halving Countdown: The Survival and Preparedness of Bitcoin Mining Industry
At the time of writing, there are less than 300 blocks left until the fourth Bitcoin halving. With blocks being generated on average every 10 minutes, we have less than two days before we witness this historic moment. As one of the most important narratives within the cryptocurrency industry, the Bitcoin halving is seen as a key catalyst for propelling the market into a new bull run, and it also signifies an impending major shift in the Bitcoin mining landscape.
Why does the Bitcoin halving have such a significant impact on the entire market? First, we need to understand the fundamental principles behind the halving.
At the time of writing, there are less than 300 blocks left until the fourth Bitcoin halving. With blocks being generated on average every 10 minutes, we have less than two days before we witness this historic moment. As one of the most important narratives within the cryptocurrency industry, the Bitcoin halving is seen as a key catalyst for propelling the market into a new bull run, and it also signifies an impending major shift in the Bitcoin mining landscape.
Why does the Bitcoin halving have such a significant impact on the entire market? First, we need to understand the fundamental principles behind the halving.
Coinfest Asia 2024 Confirms Attendance of World’s Top Web3 Figures
The largest Web3 festival in Asia, Coinfest Asia, will soon be coming to Nuanu City, Bali, on 22-23 August 2024. The third edition of this festival has a focus on making Web3 adoption in Asia grow by carrying the slogan “Where Innovation Meets Adoption.”
“’Where Innovation Meets Adoption’ shows that Coinfest Asia will be a meeting place for connected industry and retail and will be able to increase wider adoption of Web3. Not only that, this event can also be an opportunity for the industry to expand its ecosystem in the Asian region, which is starting to be crypto-friendly, and an opportunity for retail to find quality Web3 projects,” said Felita Setiawan, Director of Indonesia Crypto Network, the parent company of Coinfest Asia.
The largest Web3 festival in Asia, Coinfest Asia, will soon be coming to Nuanu City, Bali, on 22-23 August 2024. The third edition of this festival has a focus on making Web3 adoption in Asia grow by carrying the slogan “Where Innovation Meets Adoption.”
“’Where Innovation Meets Adoption’ shows that Coinfest Asia will be a meeting place for connected industry and retail and will be able to increase wider adoption of Web3. Not only that, this event can also be an opportunity for the industry to expand its ecosystem in the Asian region, which is starting to be crypto-friendly, and an opportunity for retail to find quality Web3 projects,” said Felita Setiawan, Director of Indonesia Crypto Network, the parent company of Coinfest Asia.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Mega Whale Transfers $50 Million Worth Of Ethereum As Spot ETH ETFs Inch Closer To Listing
As the crypto market awaits a regulatory greenlight on spot Ethereum exchange-traded funds (ETFs), analysts have spotted an Ether whale withdrawing 16,449 ETH worth roughly $50.3 million from the world’s largest exchange, Binance.
On-chain analytics firm Spot On Chain observed that the transfer marks the whale’s first massive accumulation of Ether, as the whole stockpile was moved to a new wallet address.
Are Ether Whales Accumulating?The timing of the withdrawal by the ETH whale is significant, with spot Ether ETFs expected to launch in the United States in the next week. Though the United States Securities and Exchange Commission (SEC) gave the regulatory nod to key filings for spot Ethereum ETFs in May, the regulator still needs to approve S-1 registration forms from eight asset managers. Previously, SEC Chair Gensler said the approval process depends on asset managers’ abilities to submit full disclosures.
In the X post, Spot On Chain suggested the withdrawal is a bullish sign for Ethereum. The listings of ETH-based ETFs on U.S. exchanges are anticipated to boost institutional demand and investment in the second-largest cryptocurrency by market cap, potentially propelling its price higher. According to crypto insiders, the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading — approximately the same amount that the spot Bitcoin ETFs have drawn in since going live in January.
As the crypto market awaits a regulatory greenlight on spot Ethereum exchange-traded funds (ETFs), analysts have spotted an Ether whale withdrawing 16,449 ETH worth roughly $50.3 million from the world’s largest exchange, Binance.
On-chain analytics firm Spot On Chain observed that the transfer marks the whale’s first massive accumulation of Ether, as the whole stockpile was moved to a new wallet address.
Are Ether Whales Accumulating?The timing of the withdrawal by the ETH whale is significant, with spot Ether ETFs expected to launch in the United States in the next week. Though the United States Securities and Exchange Commission (SEC) gave the regulatory nod to key filings for spot Ethereum ETFs in May, the regulator still needs to approve S-1 registration forms from eight asset managers. Previously, SEC Chair Gensler said the approval process depends on asset managers’ abilities to submit full disclosures.
In the X post, Spot On Chain suggested the withdrawal is a bullish sign for Ethereum. The listings of ETH-based ETFs on U.S. exchanges are anticipated to boost institutional demand and investment in the second-largest cryptocurrency by market cap, potentially propelling its price higher. According to crypto insiders, the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading — approximately the same amount that the spot Bitcoin ETFs have drawn in since going live in January.
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Gotbit has opened up free access to its DEX Manager
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
rWintermute develops an analog of Gotbit DEX Manager
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
IMF Proposes 85% Tax Increase to Cut Crypto Emissions
The International Monetary Fund (IMF) recently suggested a significant increase in electricity taxes for cryptocurrency mining, which could lead to a global reduction in carbon emissions. Two IMF executives, Shafik Hebous and Nate Vernon-Lin, proposed raising electricity taxes by up to 85% for crypto miners. They believe this move could help reduce the environmental impact of crypto mining.
The proposal involves a tax of $0.047 per kilowatt hour on electricity used by crypto miners. This increase could generate about $5.2 billion in annual revenues worldwide and reduce emissions by roughly 100 million tons, as much as Belgium emits in a year. According to the IMF, if the impact of crypto mining on health is taken into consideration, the tax could be as high as $0.089 per kilowatt hour.
The International Monetary Fund (IMF) recently suggested a significant increase in electricity taxes for cryptocurrency mining, which could lead to a global reduction in carbon emissions. Two IMF executives, Shafik Hebous and Nate Vernon-Lin, proposed raising electricity taxes by up to 85% for crypto miners. They believe this move could help reduce the environmental impact of crypto mining.
The proposal involves a tax of $0.047 per kilowatt hour on electricity used by crypto miners. This increase could generate about $5.2 billion in annual revenues worldwide and reduce emissions by roughly 100 million tons, as much as Belgium emits in a year. According to the IMF, if the impact of crypto mining on health is taken into consideration, the tax could be as high as $0.089 per kilowatt hour.
TradFi Giant BlackRock Pulls Ahead Of Grayscale To Be The World’s Largest Crypto Fund Manager
As institutional adoption grows, a Wall Street giant has taken the crown for the world’s largest digital asset manager from a crypto-native company.
BlackRock’s spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have overtaken Grayscale’s offerings for the first time to become the largest crypto-focused publicly listed funds in terms of assets under management (AUM).
BlackRock: The New King In The Land Of Crypto ETFsBlackRock is now ahead of Grayscale in terms of ETF holdings.
According to data from on-chain analytics firm Arkham Intelligence, BlackRock’s ETF is currently top of the table with $21,217,107,987 assets under management (AUM) as of Friday, while Grayscale held $21,202,480,698 across its ETFs. This marks a considerable difference of nearly $15 million between the two giant asset managers.
As institutional adoption grows, a Wall Street giant has taken the crown for the world’s largest digital asset manager from a crypto-native company.
BlackRock’s spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have overtaken Grayscale’s offerings for the first time to become the largest crypto-focused publicly listed funds in terms of assets under management (AUM).
BlackRock: The New King In The Land Of Crypto ETFsBlackRock is now ahead of Grayscale in terms of ETF holdings.
According to data from on-chain analytics firm Arkham Intelligence, BlackRock’s ETF is currently top of the table with $21,217,107,987 assets under management (AUM) as of Friday, while Grayscale held $21,202,480,698 across its ETFs. This marks a considerable difference of nearly $15 million between the two giant asset managers.