Pertains to trading in cryptocurrencies, including strategies, tools, platforms, and trading pairs.
Trader loses $55.4M in $DAI to sophisticated phishing attack via Inferno Drainer exploit. Hacker transferred Maker vault ownership and minted 55M+ DAI tokens before Inferno Drainer’s service discontinuation, highlighting urgent need for enhanced crypto security measures.
Bitcoin options block trading shows bearish signals despite $BTC reclaiming $60K. Analysts caution investors as market volatility persists, highlighting potential downward trends.
Nigeria to implement balanced crypto tax law in September 2024. The regulation aims to tax crypto companies and protect Nigeria’s financial system, while controversy with $BNB over alleged financial misconduct intensifies. #Crypto #Nigeria #Finance
Trader turns $650 into $68K with $SUNDOG on @trondao network in 7 hours, achieving a 104x gain. Holds 2.23M tokens in unrealized profits worth $76K, highlighting memecoin trading risks and rewards. #Crypto #TRX #Memecoin
IMF proposes 85% electricity tax on AI and crypto mining to curb emissions. These sectors use 2% of global electricity, potentially rising to 3.5%. Tax could generate $23.2B annually. ChatGPT uses 10x more power than Google Search. #Sustainability @IMF
Bitcoin options expiry eases market volatility. 24,000 $BTC options with a 0.83 put-call ratio signal balanced sentiment. $BTC price faces resistance at $61,300 and support at $54,000. $ETH options show similar trends. #CryptoNews @Bitcoin @Ethereum
Illegal cryptocurrency mining farm discovered at Chernihiv municipal enterprise, generating $1300/month using public power. Enterprise head faces up to six years in prison, fines, and job ban. #CryptocurrencyNews
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Bitcoin ($BTC) surged 20% to $61K, Ethereum ($ETH) jumped 10.7% to $2.7K ahead of major options expiry. 32,000 BTC and 206,000 ETH options set to expire. Macroeconomic factors crucial for future trends. #CryptoMarket
Breaking: SEC seeks public input on NYSE’s proposal to list options for $ETH ETFs by Bitwise and Grayscale. Public comments due in 21 days. Final decision expected next year. #Ethereum #Update
Fed unlikely to cut rates in Sept/Oct 2024, says QCP Capital. Crypto market faces sell-off amid high volatility; strong stock-crypto correlation observed. Investors should brace for continued market turbulence. $BTC $ETH #CryptoUpdate #Finance #Update
Binance Futures overhauls leverage tiers for $SOL, $1000PEPE, $MEW, and $TAO, effective Aug 2, 2024. $1000PEPE now offers up to 75x leverage for positions up to 5,000 USDT. #Update #CryptoNews
“Terra Luna Classic ($LUNC) debates increasing burn tax from 0.5% to 1.5%. Proposal aims to accelerate burns but faces concerns over exchange support. LUNC price recently dipped 3%, now at $0.00008094. #Update #CryptoNews”
Spot Ethereum ETFs launched in the US on July 24, trading $1.11B on day one. BlackRock led with $266.5M inflows. Within 90 minutes, volume hit $361M. Ethereum derivatives open interest grew to $7.39B. #Ethereum #Update
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
