Cryptocurrency

According to Spot on Chain data, an address listed as “likely” belonging to FTX transferred 2,904 Ether (ETH), worth over $5 million at the time, to another address at 8:18 pm UTC on October 24. This address then sent $3.4 million of the funds to a Binance deposit address and $1.8 million to a Coinbase (NASDAQ:COIN) deposit address. Thirty-nine minutes later, a wallet identified as belonging to Alameda Research sent $95 worth of tokens to this address, including some LINK (LINK), MKR and AAVE (AAVE).Continue Reading on Cointelegraph More

This round follows a $10.5 million seed round completed in June of 2021. It was led by Polychain Capital and included funding from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures and Tess Ventures.Continue Reading on Cointelegraph More

Sam Tabar, Bit Digital’s CEO, commented: “We are pleased to enter into this agreement and further diversify our hosting portfolio both geographically and across counterparties. We believe this contract is structured in such way to provide us with enhanced operational flexibility through the ‘halving’ scheduled for 2024.” More

The Maestro team refunded the users affected by the Maestro Router 2 contract, the platform announced on X (formerly Twitter) on Oct. 25. According to the announcement, Maestrobots paid a total of 610 ETH in its own revenue to cover all the user losses, worth more than $1 million at the time of writing.Continue Reading on Cointelegraph More

The bank claims that the physical cash format “does not allow to exploit all the advantages offered by the growing digitalization of the economy and society.” However, the digital euro will make electronic payments a vital piece of the financial system. Continue Reading on Cointelegraph More

According to a Bloomberg report, during a court hearing in Wilmington, Delaware, Kevin Cofsky, the company’s investment banker from Perella Weinberg Partners, revealed that a decision regarding the company’s direction would be made by mid-December. Additionally, active negotiations are underway with various investors regarding potentially binding offers.Continue Reading on Cointelegraph More

Diving into the specifics, 2,900 Ethereum were moved, equating to a valuation of approximately $5.18 million. Meanwhile, the Chainlink transfer was around 198,800 LINK, translating to an estimated value of about $2.1 million. Such a massive transfer inevitably raises eyebrows and questions about the market’s response and the potential reasons behind such a move.While the primary focus of this discussion revolves around the transfer itself, it is crucial to understand the current status and trajectory of the two highlighted cryptocurrencies — Ethereum and Chainlink.In wrapping up, while the primary narrative here is Alameda’s sizeable transfer, it is essential to contextualize it with the performance of the two notable assets involved: Ethereum and Chainlink. As the market digests this significant movement, all eyes will be on the potential implications and the future trajectory of both ETH and LINK.This article was originally published on U.Today More

If today closes in green, Bitcoin would mark its sixth consecutive day of positive price action, which has culminated in weekly gains of 20%.On-chain analytics firm highlights the ease with which Bitcoin broke through the $30,000 price barrier. According to the current on-chain picture, 80% of holders are currently in profit, a level not seen since the bull market peak in 2021.There is also a 27% increase in the 30-day amount of BTC held by short-term holders, typical during bullish conditions.Moving forward, IntoTheBlock indicated that there is no particularly large potential on-chain resistance as Bitcoin approaches $40,000, and the $30,000 level may operate as a sturdy support in the event of a retrace.Crypto analyst pointed out that Bitcoin has built a massive support barrier between $25,000 and $30,000.Per the UTXO Realized Price Distribution (URPD) model, Bitcoin might target the $47,000 level if the next critical barrier of $38,440 is broken.According to Ali, the next two critical areas of resistance for BTC are $38,440 and $47,360, per the UTXO Realized Price Distribution (URPD) model.According to Bloomberg ETF expert Eric Balchunas, this step is “all part of the process” for launching a crypto ETF.Bearish Bitcoin (BTC) bets have lost traders more than $178 million in the last 24 hours as prices rocketed past a major resistance level.BTC put in a new yearly high; the massive rise was likely driven by low volumes and outsized demand, adding tens of billions of dollars to market value in hours. Bitcoin also resolved a bullish pennant on its daily chart.This article was originally published on U.Today More