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Bear Market Ethereum (ETH) Trade Leads to $132 Million Profit for Savvy Trader: Details

A cryptocurrency trader has made headlines by securing a profit of $131.72 million through a strategic investment in Ether (ETH). This notable trade was made during the 2022 bear market, after which the individual held onto the assets through volatile market conditions. The Investors Strategy Blockchain analytics firm Lookonchain has identified an Ether address that made a $131.72 million profit after investing during the 2022 bear market when others were losing confidence...

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Jupiter Acquires SolanaFM to Boost Solana’s Data and Infrastructure Capabilities

Solana’s biggest decentralized trading platform, Jupiter Exchange, has taken over SolanaFM, a leading Solana blockchain explorer. The parties have described the move as a way to speed up development in their data and infrastructure capabilities in order to improve their functionalities for the Solana community. Optimism About the Acquisition In an X post published on September 20, the crypto exchange, which boasts over $300 billion in trading volume, expressed excitement...

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Stashes Announces Presale of $STSH Token with Multi-Chain Accessibility

[PRESS RELEASE – Kingstown, St Vincent & the Grenadines, September 20th, 2024] The Stashes Cryptosphere, a blockchain-focused platform, announces the upcoming presale of its Stashes ($STSH) Token, set for September 25, 2024. Designed to provide wider access to decentralized finance (DeFi) opportunities, $STSH aims to offer a user-friendly experience to a broad range of crypto participants by facilitating transactions on both the Binance Smart Chain (BSC) and Ethereum...

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Texas Court Dismisses Consensys’ Lawsuit Against SEC

A Texas federal judge has dismissed a lawsuit filed by blockchain development company Consensys against the U.S. Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, along with other commissioners. The lawsuit revolved around the SEC’s investigations into Ethereum (ETH) and its issuance of a Wells Notice regarding MetaMask, a cryptocurrency wallet developed by Consensys. The Judge’s Ruling The case began when Consensys filed a complaint challenging the SEC’s...

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TON’s Daily Active Addresses Exceed Leading L1 Blockchains Like Bitcoin, Ethereum

The Open Network (TON) has continued to record outstanding growth as the protocol recently saw its active addresses outperform leading blockchains in the industry. According to data from the market intelligence platform IntoTheBlock, the number of daily active TON addresses surged to 3 million in the first week of September. Per the data, this figure exceeded the number of active addresses recorded on major Layer 1 networks, including Bitcoin and Ethereum. TON’s popularity...

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Solana Reveals Details of Its New Seeker Crypto Smartphone

Solana Labs’ mobile subsidiary, Solana Mobile, has announced the launch of its second crypto-focused smartphone, the Seeker, which will ship in 2025. The new device, unveiled during the Token2049 event in Singapore, promises hardware and software improvements over its predecessor, Saga. Seeker’s Capabilities “We’ve been deep in build mode for months, and we’re excited to show you what we’ve been working on. Introducing the next chapter of Solana Mobile: the Solana Seeker,”...

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