Whales becoming more and more active as Shiba Inu’s volatility on rise
Airdrop Hunter Reportedly Fakes On-Chain Activity with Over 21,000 Sybil Wallets
An unidentified individual has been discovered to have generated an entire ecosystem, including 21,877 Sybil wallets, its own token, and even a decentralized exchange (DEX), to falsify on-chain activity. DeFi Analyst Exposes Fake On-Chain Activity Scheme According to DeFi analyst @lingland09, the individual funded each of his wallets with small amounts of ether (ETH), then […]
Why Litecoin investors need to tread cautiously
Whale activity around the coin remained high last week. Indicators suggested that LTC has reached its market bottom. Litecoin [LTC] halvings are major events that are followed by changes in market trends. This time, an increase in accumulation was noted soon after the blockchain’s third halving. Now that a month has passed since the event […]
Ethereum Falls Out of Favor with Institutions, Records $108M in Sales
CoinShares analysis shows that institutional investors have fallen out of favor with Ethereum (ETH). Analysts from the analytics platform have labeled the latest altcoin by market cap as the “least loved digital asset” for exchange-traded product (ETP) investors. A report by the leading European alternative asset manager specializing in digital assets CoinShares shows that institutional […]
CFTC Commissioner Proposes National Fraud Registry to Mitigate Financial Crime Damage
In response to the growing threat of financial crime, Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero has proposed the creation of a national fraud registry. This initiative seeks to modernize investor protection by leveraging technology to combat fraud and ensure the responsible use of artificial intelligence (AI). CFTC Wants to Expand Its Financial […]
Three Key Events That Could Skyrocket XRP’s Value, Explains Crypto Influencer
As various crypto analysts — such as Dr. Benjamin Cowen — have pointed out, XRP has retraced the entirety of the move that came after Judge Analisa Torres delivered her mixed ruling in the SEC v. Ripple lawsuit (which was initiated in December 2020). Source: X Yesterday, Zach Rector, a well-known figure in the XRP […]
Tether and Bitfinex await the ruling after the Court denies leave
Bitfinex has stated that the District Court has rejected their request for leave to amend the class action and that they anticipate receiving a favorable judgment soon. Tether is on the list as well, waiting for the final verdict. Laura Taylor Swain, the Chief Judge, has rejected Shawn Dolifka’s request for leave to amend. Rejection […]
Ethereum in an inflationary spiral: On-chain activity dips, supply rises
Transaction fees on Ethereum have dropped to levels not seen since November last year. The decline in on-chain activity has caused Ethereum to become inflationary. Average fees paid to process transactions on leading Layer 1 (1) network Ethereum [ETH] have plummeted to their lowest levels since 2022 due to a steady decline in on-chain activity […]
Thailand cracks down on $27 million crypto scam with five arrests
Thailand authorities collaborated with the United States Homeland Security Investigations and various other agencies. Authorities charged these individuals with orchestrating an elaborate crypto scam that exceeded $27 million. Thailand’s Cyber Crime Investigation Bureau (CCIB) has arrested five foreign nationals connected to a massive crypto scam. These individuals faced charges for orchestrating an elaborate scheme that […]
Shiba Inu (SHIB) L2 Blockchain Shibarium Sets New Major Milestone: Over 2.1M Transactions
The Shiba Inu cryptocurrency project, rooted in the popular Shiba Inu dog meme, presents itself as a rival to Dogecoin and runs on the Ethereum blockchain. The Shiba Inu (SHIB) ecosystem comprises three unique tokens, each serving a particular purpose within the project. SHIB, as the main token, acts as a decentralized, community-driven currency that […]