Ethereum Loses Critical Holders’ Support

CRYPTO WORLD
Ethereum Loses Critical Holders’ Support

Ethereum (ETH) has staged a recovery after bouncing from recent lows, pushing closer to the $4,500 level. The rally comes even as some of the most crucial long-term holders (LTHs) exit positions. Other investors, however, appear to be countering the impact through consistent inflows that are supporting price strength. Ethereum Investors Counter Each Other On-chain data shows Ethereum’s Liveliness metric trending higher, a signal that long-term holders continue to sell. This group holds significant influence, and their selling often creates downward pressure on ETH’s valuation. Their recent activity reflects caution…

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250,000,000 XRP Bought in 2 Days

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250,000,000 XRP Bought in 2 Days

Large holders of XRP have moved quickly, adding 250 million tokens to their wallets within 48 hours. This comes as price levels and market activity show early signs of a possible shift. Analysts and traders are monitoring key metrics, including whale behavior, exchange flows, and technical resistance zones. Whale Wallets Increase Holdings Rapidly According to market analyst Ali Martinez, wallets holding between 100 million and 1 billion XRP accumulated 250 million tokens over a two-day period. This is a sharp rise after several weeks of flat activity among large holders.…

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Bitcoin Miners’ Market Cap Soared in September to Record High

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Bitcoin Miners' Market Cap Soared in September to Record High

The market cap of Bitcoin miners soared in September as firms in the space benefited from pivots to high-powered computing that feeds the burgeoning artificial intelligence sector, according to a report from JP Morgan. Analysts at the banking giant highlighted the surge in a Wednesday report, noting that the combined value of the 14 top publicly traded miners it tracks passed $50 billion for the first time ever. Top mining stocks this week have jumped in value with the price of the leading cryptocurrency, too, with Mara, Riot, and CleanSpark…

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Hackers scoop $21 million from Japanese crypto mining pool SBI

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Hackers scoop $21 million from Japanese crypto mining pool SBI

On-chain researcher ZachXBT reported a potential hack of Japanese mining pool SBI Crypto, involving the withdrawal of $21 million worth of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE) and Bitcoin Cash (BCH). SBI Crypto suffers $21 million exploit traced to North Korea hackers Japanese firm SBI Crypto has reportedly suffered a $21 million hack on its platform, according to blockchain investigator ZachXBT in a Wednesday update. The on-chain sleuth stated that attackers drained wallets linked to SBI Crypto, which is a subsidiary of SBI Group, with several cryptos, including…

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SEC Nigeria pushes for full transparency in crypto transactions to combat fraud

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SEC Nigeria pushes for full transparency in crypto transactions to combat fraud

The Securities and Exchange Commission (SEC) has reiterated its commitment to leveraging blockchain intelligence to combat the growing wave of cryptocurrency-related fraud, in a decisive move to strengthen oversight of Nigeria’s digital asset ecosystem. Speaking at a joint webinar hosted by SEC Nigeria and global blockchain analytics firm Chainalysis on Monday, SEC Director-General Dr. Emomotimi Agama emphasized the need for full transparency in crypto transactions as a cornerstone of regulatory enforcement. The webinar, themed “Combating Scams with Blockchain Intelligence,” brought together regulators, analysts, and industry stakeholders to address the evolving…

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Blue Origin Now Accepts Bitcoin, Ethereum and Solana for Spaceflights

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Blue Origin Now Accepts Bitcoin, Ethereum and Solana for Spaceflights

Amazon founder Jeff Bezos’ rocket and space exploration firm Blue Origin is now accepting cryptocurrencies like Bitcoin, Ethereum, and Solana to purchase flights to space. The payments are made possible via the firm’s collaboration with payments company Shift4, whose payment infrastructure is enabling the crypto purchases—which can also be made with popular stablecoins like USDT and USDC. “Crypto is now a $4 trillion asset class, and the sky is the limit when it comes to its potential in the current payments ecosystem,” Shift4 Head of Crypto Alex Wilson said in…

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Peter Thiel acquires 7.5% stake in Ethereum treasury ETHZilla

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Peter Thiel acquires 7.5% stake in Ethereum treasury ETHZilla

Peter Thiel, the billionaire tech investor and co-founder of PayPal and Palantir, is part of an investor group that holds a 7.5% stake in 180 Life Sciences, which is rebranding as ETHZilla, an Ethereum-focused corporate treasury vehicle, according to a new SEC disclosure. Shares of 180 Life Sciences (ATNF) jumped over 11% at Monday’s close and surged roughly 57% in overnight trading, Yahoo Finance data shows. 180 Life Sciences announced its Ethereum treasury plan in late July. On Monday, the biotech firm said it sold $156 million in senior secured…

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Kakao Prepares Korean Won Stablecoin on Kaia as Lawmakers Weigh New Rules

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Kakao Prepares Korean Won Stablecoin on Kaia as Lawmakers Weigh New Rules

South Korean internet conglomerate Kakao is preparing a Korean won stablecoin through its involvement in the Kaia blockchain, which recently registered related trademarks with the Korean Intellectual Property Office. Kaia, which operates the public blockchain formed from the merger of Klaytn and Finschia, disclosed with Decrypt that it had registered the “KRWGlobal,” “KRWGL,” “KRWKaia,” and “KaKRW” trademarks earlier this month. With Kakao and Kakao Pay serving on its governance council, Kaia is positioning a won-pegged token as a potential bridge to other fiat-backed stablecoins such as USD and JPY. Kakao…

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Stripe To Build ‘Tempo’ Payments Blockchain With Paradigm: Fortune

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Stripe To Build ‘Tempo’ Payments Blockchain With Paradigm

Stripe, a private financial technology firm valued at $91.5 billion, is reportedly developing a payments-focused Layer 1 blockchain called Tempo with Paradigm, a crypto and research-driven venture capital firm. Said to be in stealth, the project was discovered in a product marketing job listing on the Blockchain Association’s careers board that described Tempo as a “high-performance, payments-focused blockchain.” The post was taken down after Fortune reached out to Stripe to confirm its report. Decrypt has also reached out to Stripe and Paradigm to confirm details. The reported blockchain buildout follows…

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SharpLink Gaming Faces Share Decline Amid $400 Million Ether Acquisition Deal

CRYPTO WORLD
SharpLink Gaming Faces Share Decline Amid $400 Million Ether Acquisition Deal

SharpLink Gaming recently announced a $400 million share purchase deal to enhance its Ether holdings. This strategic move is expected to raise its total ETH assets to over $3 billion, positioning the company as a significant player in the cryptocurrency market. Following the announcement, SharpLink’s shares fell over 6.5% to $22.34 but saw a recovery in after-hours trading, gaining nearly 3.5% to $23.10. This volatility reflects investor sentiment and market dynamics surrounding cryptocurrency investments. What are the implications of SharpLink’s Ether purchase? The purchase is expected to enhance SharpLink’s market…

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