Tag Archives: AA News

Bitcoin saw the largest surge in transactions exceeding $100,000 in almost two years. According to prominent crypto analyst Ali Martinez, the 16,900 large transactions on January 4th can be used as an indicator of whale activity in the Bitcoin market, providing valuable perspectives on the potential positions of these influential participants in the crypto market. Bitcoin’s Whales on The Move The increase in transactions involving substantial amounts coincides with a period...

Prominent blockchain security firm CertiK’s X account (previously Twitter) was hacked on January 5th. The compromised account, with a follower count of 342,900, stole crypto from users’ wallets through carefully disguised phishing links. One of the links posted falsely asserted that a vulnerability had been identified in Uniswap’s router contract. The misleading tweet urged users to visit a fake RevokeCash page, claiming it would enable them to reverse any vulnerable...

Bitcoin bounced back from the flash crash earlier this week after reports on the potential rejection of a widely anticipated spot ETF approval in the US. While investors have maintained a positive outlook, BitMEX founder Arthur Hayes has offered a cautious perspective on the future of the asset. In fact, the prominent commentator is gearing up for a “vicious washout of all the crypto tourists” in March of this year, with a potential correction in the range of 20% to 30%....

Binance co-founder Yi He held at least a 10% share in Binance’s Cayman Islands holding company, according to a new report by WSJ. A former talk-show host, Yi He, reportedly holds significant influence over the marketing and investment sectors of the company. She also assumes the role of the largest shareholder within the firm in the absence of CEO Changpeng “CZ” Zhao. Yi He’s Influence on Binance The WSJ report made several interesting claims, including Yi He proposing a...

Rich Dad, Poor Dad author Robert Kiyosaki has once again urged his followers to consider Bitcoin (BTC) – and not because of anticipation of a spot ETF approval. In a post to X on Wednesday, the real estate investor told followers to “pay attention to [the] Bitcoin halving” over the next three months before its expected arrival in April. Bitcoin Is For Rich Friends The Bitcoin halving occurs roughly once every four years, and permanently cuts the blockchain’s issuance rate of...

Simeon Hyman, a global investment strategist at ProShares, has highlighted the deficiencies in the spot Bitcoin market, citing discrepancies in prices across exchanges and risks associated with various platforms. Notably, expectations among cryptocurrency stakeholders have been centered on the potential approval of a series of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission in January. The Issue With Bitcoin ETFs During an appearance on Bloomberg TV, Hyman...

Gamma Strategies – a DeFi protocol built on the Ethereum blockchain – fell victim to an exploit, resulting in a loss of approximately $3.4 million. In response to the attack, the protocol swiftly implemented measures to prevent further losses, temporarily disabling deposits to all public DeFi vaults while keeping withdrawals active for users in need of accessing their funds. The exploit was initially identified by blockchain investigator PeckShield on January 4, which was...

A group of former Citigroup Inc. executives, along with Franklin Templeton, BTIG, and Broadhaven Ventures, are set to offer securities backed by Bitcoin that they claim do not require approval from U.S. regulators. As the debate and anticipation surrounding the approval or denial of spot Bitcoin ETFs intensify, the executives’ efforts look at an alternative approach to providing exposure to BTC. Bitcoin Depositary Receipts to Offer Access to Bitcoin Securities The new...

Cross-chain lending protocol Radiant Capital has suffered a hack resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million, according to blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol featuring cross-chain functionality built using LayerZero technology. As of the latest data from DefiLlama, the protocol has around $315 million in total value locked. Radiant Capital...

Tether’s total assets are not far away from $100 billion following a monumental rise over the past six years.  The current figure for the firm’s total assets is $95.2 billion, according to its transparency report. Of that amount, $92 billion is in the dollar-pegged stablecoin, USDT.  Tether Keeps Growing On Jan. 3, Tether and VanEck strategy advisor Gabor Gurbacs reaffirmed his support for the firm, adding, “Like the Bitcoin ETF, many thought I was crazy.” “USDT market cap...