BlockTower Capital sells $25M $ETH, sparking concerns over Ethereum’s price stability. With major sell-offs by whales and waning institutional interest, ETH faces potential further declines despite a possible rebound if $2,700 resistance is breached.
#Crypto #Ethereum #ETH
Three Arrows Capital sues Terraform Labs for $1.3 billion, alleging they were misled into investing in Terra ($LUNA) and TerraUSD ($UST). From April to mid-May 2022, 3AC’s portfolio value plummeted from $462M to $2,700. #CryptoNews
Bitcoin ($BTC) nears $60K as Ethereum ($ETH) gains 4% ahead of US CPI data release. $177M liquidated in 24 hours. July CPI expected to show 0.2% inflation rise, raising Fed rate hike concerns. #crypto #Bitcoin #Ethereum
SunPump Beta revolutionizes meme coin trading on $TRON. It offers one-click token generation, instant market access, and bonding curve pricing for transparency. Reduces gas fees by 99%, boosting efficiency and accessibility. #CryptoInnovation
Nigerian activist James Otudor sues government to defend crypto rights, aiming to unblock exchanges and create a regulatory framework. He argues current restrictions harm financial stability and violate constitutional rights. #CryptoRights
Binance exec Tigran Gambaryan denied legal access in Nigeria since July 26. His health is deteriorating, needing urgent medical treatment. Next court hearing on October 11. Prison authorities withholding medical records despite court order. #CryptoLaw
Marathon Digital Holdings ($MARA) to issue $250M in convertible bonds for Bitcoin acquisitions and corporate purposes. The firm holds over 20,800 BTC, valued at $1.2B, signaling strong institutional interest in crypto. #Bitcoin
Ethereum ICO whale moves 48.5K ETH ($130M) to OKX in a month. Originally bought at $0.31, potential profit exceeds $154M. Whale’s remaining holdings now just 15.6 ETH. #CryptoMarket #ETH
Bitcoin ($BTC) trades above $59,600, targeting a monthly close above July 2024’s low. Ethereum ($ETH) aims for a monthly close above $2,810. Analysts see key zones for strategic long positions. #CryptoTrends
Mind Network uses Fully Homomorphic Encryption (FHE) to enhance blockchain security with secure validator networks and cross-chain transactions. This innovation promises improved privacy and efficiency in cryptocurrency ecosystems. #BlockchainSecurity #Crypto $BTC
? Ethereum clients release critical updates ahead of the Pectra upgrade. Go Ethereum ($ETH) fixes bugs with v1.14.18 and Nimbus improves staking API with v24.7.0. Key improvements aim to enhance stability and performance. #Ethereum #Blockchain
Symbiotic Protocol launches developer mainnet, introducing advanced security, first-ever slashing mechanisms, and ERC-20 support. Projects like Ethena and LayerZero are testing the modular platform. Public mainnet release set for Q3 2024 with top-tier audits. $SYM #Blockchain
Ethereum leads crypto inflows with a $155M surge, capturing 88% of last week’s $176M total. ETP trading volume hits $19B, surpassing the $14B average. Bitcoin ends with $13M inflows despite early outflows. #CryptoNews $ETH $BTC
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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