Author: Max Bauer

Ethereum co-founder Vitalik Buterin has recently exchanged a significant amount of memecoins for Ethereum (ETH), valued at approximately $340,000. You can see his wallet here. Vitalik Buterin Sells Memecoins Gifted to Him The conversion took place over a 30-minute period and involved a variety of memecoins, including 100,000 USDT (donated by the CATE project), 70.71 million Neiro, 11.76 billion MOODENG, 7.8 million DEGEN, and 16.03 billion KABOSU. This latest transaction comes on the heels of another significant ETH transfer that Buterin made two months ago. In August, he moved approximately $10 million worth of ETH to wallets associated with crypto…

Cryptocurrency security company Peckshield reported a security breach affecting EigenLayer, a blockchain staking infrastructure provider. According to Peckshield, the attacker managed to siphon off 1.674 million EIGEN tokens, valued at approximately $5.87 million. EigenLayer Releases a Statement on X The stolen EIGEN tokens were subsequently swapped for USDC stablecoins and transferred to centralized exchanges, with a majority of the funds ending up in HitBTC. A portion of the stolen funds, roughly 5,000 USDC, was also sent to Kraken. EigenLayer, in an official statement on X, confirmed the incident and attributed it to a compromised email thread involving a single investor’s…

Cryptocurrency analysis firm MarktQuant has released its latest market evaluation and trend update for Bitcoin, Ethereum, and Solana. According to the firm’s proprietary quantitative valuation model, Bitcoin’s valuation has strengthened, suggesting an uptick in trend momentum. However, a recent failed attempt at a bullish continuation has caused the system to remain long but with a weakening trend. Ethereum, on the other hand, has shown slight improvements in positive momentum but remains in a neutral position. Solana has experienced a significant rebound, prompting the system to shift from a long to a cash position. This suggests a reduction in downside pressure,…

Bitwise Asset Management is making significant changes to its three crypto futures exchange-traded funds (ETFs) to incorporate Treasuries and reduce volatility. The firm filed amendments with the U.S. Securities and Exchange Commission (SEC) on Friday to modify the Bitwise Bitcoin Strategy Optimum Roll ETF, the Bitwise Ethereum Strategy ETF, and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. The revamped ETFs, expected to take effect around December 3, 2024, will employ a trend-following strategy that rotates between crypto and Treasury exposure based on market conditions. According to Bitwise Chief Information Officer Matt Hougan, the goal is to minimize downside…

A forthcoming HBO documentary is set to reveal the identity of the enigmatic Satoshi Nakamoto, the pseudonymous creator of Bitcoin, according to a report in Politico. If true, the documentary would finally put an end to one of the greatest mysteries in financial history. Traders Bet That Satoshi Nakamoto is Len Sassaman Satoshi Nakamoto, believed to be worth an estimated $67 billion in Bitcoin, has remained anonymous since the cryptocurrency’s inception in 2009. As anticipation grows for the HBO show, which is scheduled to air on October 8, a betting pool on Polymarket has opened, allowing users to wager on…

Following the recent SEC appeal of the Ripple Labs case, cryptocurrency journalist Eleanor Terrett has highlighted a significant development. The SEC has yet to file its Form C with the Second Circuit, a document that outlines the specific issues they intend to appeal. This omission leaves Ripple in a state of uncertainty as they await clarification on the SEC’s next steps. Terrett noted that Ripple has a 14-day window from the date of the SEC’s appeal to file a cross-appeal if they choose to do so. In its notice of appeal, the SEC referenced August 7 as the date when…

A new HBO documentary is set to unveil the mystery surrounding the identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The documentary, directed by Emmy-nominated Cullen Hoback, is scheduled to air next Wednesday at 2 a.m. CET (Tuesday at 9 p.m. EST). Some Wallets from the Satoshi Nakamoto Era Have Recently Become Active If the documentary’s findings are confirmed, it could send shockwaves through the financial world and even the upcoming U.S. presidential election. Republican candidate Donald Trump has garnered significant support from Bitcoin enthusiasts, and the revelation of Satoshi’s identity could potentially impact the political landscape. Bitcoin, a…

Crypto exchange giant Binance is facing a significant decline in market share, falling to its lowest level in four years, according to a report released on Thursday by CCData. Binance’s Performance Hits Lowest Levels Since 2020 The report revealed that Binance now handles only 36.6% of overall spot and derivatives trading volume on centralized crypto exchanges – its weakest performance since September 2020. This represents a substantial drop from August, with spot trading falling by nearly 23% and derivatives trading declining by 21%. Both figures translate to the exchange’s lowest market share since early 2021. Binance has not yet responded…

A new report by the Crypto Information Sharing and Analysis Center (CryptoISAC) has challenged the widely held belief that cryptocurrencies are a haven for illicit activities. The report, titled “Blockchain’s Role in Mitigating Illicit Finance,” found that criminals actually prefer to deal in cash. Almost All Criminals Use Cash Instead of Crypto In collaboration with Merkle Science, the report analyzed blockchain data and traditional financial systems to assess their susceptibility to criminal activity. The findings were surprising: while cryptocurrencies have often been associated with illegal activities, the data suggests that traditional financial systems may be more conducive to money laundering…

In a recent report, analysts at J.P. Morgan have warned that increasing geopolitical tensions and the upcoming U.S. presidential election could drive investors towards gold and bitcoin as safe-haven assets. Debasement Trade Drives Investors to Gold and Bitcoin The analysts, Nikolaos Panigirtzoglou, Mika Inkinen, Mayur Yeole, and Krutik P Mehta, referred to this trend as the “debasement trade,” driven by factors such as heightened geopolitical uncertainty, inflation concerns, government deficits, and waning confidence in fiat currencies. Gold prices have seen a significant surge in recent months, approaching the $2,700 level on September 26. The analysts attributed this increase to a…