Tag Archives: AA News

The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has fallen to its lowest level this year, last seen in October 2023. This decline in this metric aligns with the current plunge in bitcoin’s (BTC) price and the downward trajectory of the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this could be a sign of an incoming massive rally. Bitcoin UTXOs in Profit Decline A Bitcoin UTXO refers to the amount of cryptocurrency that...

Bitcoin had finally seen a minor relief rally that drove it to $57,000 after the US jobs report when the bears reminded of their presence and pushed it south hard. The total liquidations have skyrocketed to about $150 million on a daily basis. The primary cryptocurrency has faced its fair share of adversity in the past week or so, as its price tumbled from $65,100 last Monday to $55,500 earlier today. This is when some positive news affected the market. As reported earlier...

Decentralized Finance (DeFi) platform Penpie, built on the Pendle network, reportedly suffered a major exploit on September 3, 2024. According to the real-time on-chain monitoring system Cyvers Alert, the hack led to the loss of at least $26 million in various wrapped and synthetic crypto assets. Details of the Attack Emerge The security surveillance company stated that the attack on Penpie was initiated by a smart contract that had been initially funded to the tune of 10...

The X accounts of Lara Trump and Tiffany Trump were reportedly hacked Tuesday evening, resulting in fraudulent messages posted to promote a fake cryptocurrency token. The compromised accounts were used to falsely endorse a token allegedly linked to World Liberty Financial, a new crypto project recently promoted by members of the Trump family. Details of the Hack The hackers revealed a specific blockchain address and token, urging followers to invest in what they claimed was...

In a post on X on Sept. 4, the American billionaire businessman said that Bitcoin has been an outsider to the TradFi community over the past five years, and it’s only now “dipping its toe into global finance.” He added that his firm, Cantor Fitzgerald, will help the traditional finance sector onboard Bitcoin as it wants new asset classes. “Cantor will help tradfi bring Bitcoin all the way in. Tradfi wants new asset classes, and BTC is here to stay.” TradFi Companies Want...

Bitcoin’s price is back above $58K, registering an increase of around 3% in the past 4 hours alone. As CryptoPotato reported earlier today, the market had shed some $100 billion off its total market capitalization as the BTC price dropped to a monthly low of under $56,000. Most of the altcoins followed suit, trading deep into red territory. ETH plunged to $2,400, while BNB bears were able to push the price toward $510. Fortunately, the bulls woke up and are now erasing much...

John Deaton, a former Marine and prominent advocate for Ripple’s XRP, has emerged victorious in the Massachusetts Republican primary, securing his position as the GOP nominee for the U.S. Senate race. Following his victory, he will now face off against Democratic Senator Elizabeth Warren in the November elections. GOP Nomination According to a September 4 report from the Associated Press, Deaton defeated fellow Republican candidates Bob Antonellis, an industrial engineer, and...

The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per the SEC’s Tuesday press release, the agency found that Galois failed to ensure that the crypto held by the private fund it was advising was held...

Ripple has announced that South Korea’s Yonsei University is the latest to become a partner in its University Blockchain Research Initiative (UBRI) program. This new collaboration with the popular South Korean academic institution brings Ripple’s global UBRI partnerships to 58, with 12 of them located in the Asia Pacific region. Yonsei University will engage in a multi-year effort to drive research in blockchain technology, focusing on areas like artificial intelligence,...

Ethervista, which is being described as the “Pump.fun” of Ethereum, released its whitepaper on Aug. 31, claiming to be a “value-compounding deflationary currency” with the token VISTA. Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, which are primarily meme coins. Its gas usage has surged to become the top consumer guzzling 150 ETH in gas over the past day, according to Dune Analytics. Deflationary DeFi Asset The...