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BitMine has bought the Ethereum dip amid heightened fear of further capitulation. According to on-chain data analysis from Arkham, BitMine purchased $300 million worth of Ether since last week, amid the recent market correction. BitMine Leads in High Demand for EthereumFollowing its latest purchase…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! "Powell's pullback" saw bitcoin drop to around $107,000 today after the Fed Chair said a further rate cut in December is not guaranteed following Wednesday's 25 bps reductio…
Ethereum layer-2 network MegaETH’s initial coin offering reportedly “sold out” within minutes and is now oversubscribed by about $400 million, as users scramble to get an allocation of its MEGA token. The Ethereum layer-2 network opened the auction for its MEGA token on Monday with a raise cap of ju…
Satoshi Nakamoto’s Bitcoin stash lost more than $20 billion as markets pulled back this month, erasing a chunk of paper wealth tied to the anonymous founder’s early coins. The drop came after Bitcoin skimmed record highs and then tumbled in a fast, wide sell-off that hit many traders and funds.Satos…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! U.S. CPI data came in as expected this morning at 2.9% year-over-year, while jobless claims rose to their highest level since 2021 as traders fully price in three rate cuts …
According to Arkham, a wallet that had not been used for over 13 years, suddenly transferred some of its balance, showing that some of the biggest crypto fortunes were made back when Satoshi Nakamoto was still online.The address received 312 BTC in 2012, at an average price of $12.22 per coin. At th…
BitMine Immersion Technologies added 46,255 ETH, worth $201 million, to its corporate Ethereum treasury on Wednesday, according to blockchain analytics platform Onchain Lens.Citing data from Arkham, Onchain Lens reported Wednesday that the company received the ether from a BitGo wallet across three …
On August 25, Arkham Intelligence reported that the UAE government holds around 6,300 Bitcoin, valued between $700 million and $740 million. What makes this stash unique is that it wasn’t bought on the open market.Instead, it was mined directly through Citadel Mining, a publicly listed company major…
TL;DRFTX Moves ETH From Bybit, Then Stakes ItOn-chain data tracked by Lookonchain shows that FTX and Alameda Research staked 20,736 ETH, valued at around $79 million, within the past few hours. The move follows a previous withdrawal of 21,650 ETH from crypto exchange Bybit. That withdrawal, carried …
The Royal Government of Bhutan moved 99.47 Bitcoin worth $12.05 million at the time to crypto exchange Binance through its investment arm, Druk Holding.Blockchain analytics platform Onchain Lens flagged this most recent transaction on Monday. It brings the Bhutanese government’s total transfers ove…
The Dominican Republic does not have any specific crypto laws, and the Central Bank of the country does not consider crypto assets as legal currency. Any entity operating a digital asset must do it at its own risk. Despite not regulating any crypto law, it is expected by the users to follow anti-mon…
Bhutan, known for investments in cryptocurrencies like Bitcoin, has launched a tourism crypto payment system in partnership with Binance Pay and DK Bank.The system allows Bhutan travelers with Binance accounts to pay for services like tickets, hotel stays, tour guides and other products using at lea…