Author: News Room
Eight financial giants are shelling out tens of millions of dollars to settle a decade-long whistleblower lawsuit. JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Fifth Third Bancorp, Barclays, Bank of Montreal (BMO) and William Blair were sued in 2014, accused of reaping millions in illicit profits by rigging interest rates on municipal bonds. The whistleblower, identified in the lawsuit as Edelweiss Fund LLC, says the firms have paid $70 million to settle the class action lawsuit, which included at least 14 states and a list of state agencies. Edelweiss accused the group of Wall Street firms of “widespread fraud…
Shibarium, the Layer 2 blockchain within the Shiba Inu (SHIB) ecosystem, has reached noteworthy milestones, indicative of its growing utility and adoption. On-chain data shows a remarkable surge in the total value of assets locked (TVL) on Shibarium, marking an increase of approximately 170% within the last two days. The value now stands at $3.85 million, underlining the platform’s expanding utility and user engagement. Shibarium’s TVL Surged by 170% Shibarium’s TVL surge can be attributed to the rollout of new features within the ecosystem. Notably, the recent introduction of the DAMN meme coin on the Woofswap decentralized exchange has added…
In a recent development observed by onchain alerts, the entity responsible for exploiting the Heco bridge and siphoning off millions in ethereum late in November 2023 from the conduit bridge connecting Ethereum and the Heco blockchain, transferred 40,391.8 ether to the mixing platform Tornado Cash. Heco Bridge Exploiter Transfers Millions Worth of Ether to Tornado […] Read the full article here
Bloomberg’s exchange-traded fund (ETF) expert Eric Balchunas says that ETF investors are currently the “strong hands” that have been buying up the Bitcoin (BTC) dip. Balchunas tells his 259,000 followers on the social media platform X that while Grayscale has seen outflows from its ETF, most of it is just one entity – Genesis – offloading into spot Bitcoin. All in all, Balchunas says ETF investors are not the ones behind recent sell pressure and are buying the dip. “The new ‘Boomer’ ETF investors are the strong ones (as we predicted), it’s other Bitcoin owners behind the selling pressure. I’ll…
Bitcoin (BTC) had entered a period of price correction following its ascent to an all-time high of $73,700. Miners, whales, and other market participants, including large investors, had begun selling their BTC to make profits. However, analysts at CryptoQuant believe the Bitcoin bull cycle is far from over, as price valuation metrics are largely shy from levels seen in past market tops. BTC in Correction Mode The Bull-Bear Market Cycle Indicator flagged an overheated-bull phase last week as BTC plummeted from $73,700 to $60,700. The decline was triggered by traders offloading their stash to realize high-profit margins. CryptoQuant found that…
The realized Bitcoin price represents the average on-chain acquisition cost. It’s a handy metric as it perfectly gauges the market’s valuation baseline at any given point. When dissected through the lens of short-term and long-term holders, it provides insights into the cohorts’ investment horizons and their acute effect on Bitcoin’s price. These cohorts’ 7-day change in realized price provides a much better metric visualization. The 7-day change in realized price for short-term holders reached its three-year high on Mar. 13, at 10.62%. The 7-day change in realized price for long-term holders the same day stood at -0.183%, representing a slight…
Last Monday, an on-chain photo of a puppy in a knit beanie sold for slightly more than $4.3 million. While such a statement might sound absurd—and this might not make a huge difference—the dog featured in the photo was no random hound, but Achi: the Shiba Inu from the iconic Dogwifhat internet meme. At over $4.3 million, the Achi NFT became the most expensive meme NFT ever sold. But it was hardly the first. For years, the healthy overlap of internet and crypto cultures has spawned NFT incarnations of some of the most famous memes of all time. Here’s a…
The Internet Computer Protocol (ICP) appears to be ushering in a new era of decentralized cloud computing innovation, as evidenced by the vibrant ecosystem of developers and projects showcased in the recent CryptoSlate Twitter Space. Hosted by CryptoSlate’s Akiba, the space featured insightful dialogue with key figures from the ICP community, including Isaac from the ICP Code & State team, Max from Bitfinity, Kyle from The Swop, and Darren, an ICP content creator. Listen back to the recording on X. As Isaac explained in the space, ICP is a decentralized cloud at its core, bridging the gap between Web2 and…
According to crypto analyst Ali, nearly 420,000 Ethereum (ETH) have been transferred to various crypto exchanges over the past three weeks. This steady shift of ETH, valued at approximately $1.47 billion, has caught the attention of investors and analysts alike. The influx of such a large volume of Ethereum to exchanges is noteworthy because it can imply a variety of strategies by holders. Typically, large-scale transfers to exchanges can suggest that investors are preparing to sell, potentially leading to a price drop. Nearly 420,000 $ETH have been sent to #crypto exchanges in the last three weeks, worth around $1.47 billion!…
TerraClassic has witnessed a remarkable uptick in its market performance, marking a significant increase over the previous month. In the recent week, LUNC’s price movement has been somewhat unpredictable, alternating between upward and downward trends moving laterally in the market. Read the full article here