Massive Online Transfers of Ethereum Could Trigger Price Dump
The transfer of 300,000 ETH worth almost $500 million from two cold wallets belonging to Coinbase to its hot wallet and subsequent dispersal among multiple addresses has led to speculation of a possible price dump for Ethereum. The reasons for the transfer are unknown and may not necessarily impact the price.
Binance Has Completed Travala.com (AVA) Contract Swap and Rebranding to AVA (AVA)
According to an official announcement on September 5th, Binance has completed the contract exchange and rebranding of Travala.com (AVA) on the Ethereum (ERC20) network to AVA (AVA).
The old AVA (BEP2) and AVA (BEP20) tokens have been assigned AVAOLD as their code, and Travala.com (AVA) has been renamed to AVA (AVA).
The proportion of losses held by ETH increased from 27% in early July to 44.2%
Data from IntoTheBlock shows that the percentage of Ethereum holders with losses has risen from about 27% in early July to the current 44.2%. This is the highest level recorded since the beginning of the bear market, which was around 50%.
Data: Vitalik Recently Transferred 999 ETH to the Address Starting With 0x5567, About $1.64 Million
On September 4th, according to PeckShieldAlert's warning monitoring, Ethereum co-founder Vitalik Buterin's related address (0xD04d...8fd7) recently transferred about 999 ETH (approximately $1.64 million) to the address 0x5567…31B1.
20 days ago, the address starting with 0x5567 received about 1701 ETH from Vitalik's related address (0xD04d...8fd7), and in the past 20 days, these funds have been transferred to Bitstamp's deposit address.
Solana and MakerDAO Joint Creation Call for an End to Attacks on Ethereum, Warning the Community Against Divisive Behavior
Anatoly Yakovenko, co-founder of Solana, and Rune Christensen, co-founder of MakerDAO, warned their communities on the X (formerly Twitter) platform to stop attacking Ethereum and to avoid any behavior that would cause division within their own communities.
CyberConnect Issued an Emergency Proposal To Unlock 10.88 Million CYBER To Solve the Problem of Multi-Chain Liquidity Balance
CyberConnect has released an emergency proposal [CP-1] suggesting three steps to ensure liquidity balance for CYBER between Ethereum, Optimism, and BNB Chain networks.
Bitcoin and Ethereum Futures Open Interest Generally Fell in August, While Options Open Interest Generally Rose.
According to data from The Block Pro, in August, the open interest of Bitcoin and Ethereum futures declined. The open interest of Bitcoin futures decreased by 14%, and the open interest of Ethereum futures decreased by 18%. In terms of futures trading volume, the trading volume of Bitcoin futures in August decreased by 5.3% to $603 billion. The open interest of Bitcoin futures on the CME also decreased by 4.8% to $2.23 billion, and the daily trading volume fell even more, reaching 16.6% to approximately $1.37 billion.
Meitu Released Its 2023 Interim Performance Report: Book Impairment of Cryptocurrencies Held by It Rebounded by 186 Million Yuan
Meitu Inc. recently released its mid-term performance report for 2023. The data shows that in the first half of this year, Meitu's revenue reached 1.261 billion yuan, a year-on-year increase of 29.83%; the net profit attributable to shareholders reached 228 million yuan, turning losses into gains compared to the same period last year, and exceeding the previously forecasted range of 220 million yuan to 265 million yuan.
Grayscale Accumulates $5 Billion Worth of Ethereum, Nears Launch of Spot Bitcoin ETF
According to a report by Arkham Intelligence, Grayscale has amassed approximately $5 billion worth of Ethereum, making it the second-largest Ethereum entity in the world. Grayscale's Ethereum Trust Fund is one of the top-rated crypto funds in the industry.
Bitcoin Price Dips as Options Expire at $26k, Experts Weigh in on September Crypto Scene
Bitcoin's price has fallen by 4.4% to $26,050, erasing the gains made earlier this week. The cryptocurrency's market capitalization remains above $507 billion, but its decline has also caused a 3% dip in the total market value to $1.09 trillion.
Ethereum Options Expiration: Max Pain Point at $1,700 as ETH Price Drops Below $1,650 Amid Broader Sell-Off
The Ethereum price failed to maintain its momentum after a bounce on August 31, dropping below $1,650 due to strong selling pressure. The broader crypto market is also experiencing a sell-off, with ETH trading down 3.21% in the last 24 hours. Around 143,000 ETH options are set to expire, with a balance between bets on price decrease and increase.
Ethereum Liquid Staking Providers Commit to Self-Limit Rule to Ensure Decentralization
Several Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, have committed to or are in the process of committing to a self-limit rule that promises not to own more than 22% of the Ethereum staking market. This move is aimed at ensuring the decentralization of the Ethereum network. The proposal was put forward by Ethereum core developer Superphiz in May 2022, and the self-limit was set at 22% because at least four major entities would have to collude for the chain to reach finalization.
Crypto Trader Skeptical of Recent Bitcoin and Ethereum Bounce, Warns of Potential Downside
Crypto trader Bluntz, who has a large following on social media platform X, is not convinced that the recent bounce in Bitcoin and Ethereum is sustainable. He believes that both assets have more potential downside and that a further drop is needed before he will consider them to have hit bottom.
1inch Investment Fund Abruptly Accumulates $10,000,000 in Ethereum Amid Market Downturn: On-Chain Data
According to blockchain tracker Lookonchain, the investment fund associated with decentralized exchange aggregator 1inch has suddenly acquired $10 million worth of Ethereum over the weekend. The same wallet also purchased 17,000 ETH worth $26.8 million between January and March of this year. On July 5th, the wallet sold 11,000 ETH for roughly $21 million at a profit of $3.7 million. Additionally, Lookonchain notes that a wallet known as dimethyltryptamine.eth spent 27 ETH worth $45,000 to purchase 50 billion Pepe on Sunday.
Judge makes it clear in Uniswap ruling that Ethereum is a commodity, not a security
ConsenSys lawyer Bill Hughes stated on X Platform (formerly known as Twitter) that the federal judge of the Southern District of New York explicitly stated in the ruling of the Risely v. Uniswap case on August 29 that Ethereum is a commodity, not a security. The document did not provide an analysis of the issue, only a conclusion, but this is a fairly clear statement by the judge. <br>
The address marked "Fake_Phishing184285" on Ethereum transferred 100 ETH to Tornado Cash
According to a tweet from CertiK official, an Ethereum address labeled as "Fake_Phishing184285" has transferred 100 ETH (approximately $172,000) to Tornado Cash. It is reported that the funds came from other active EOA phishing addresses that started 50 days ago.
Ethereum bridged to Base has exceeded 100,000
Coinbase protocol lead Jesse Pollak tweeted that the number of Ethereum bridged to the Base network has exceeded 100,000.
Data: Starknet Network TVL Rebounded to US$118 Million, an Increase of 19.49% on the 7th
According to L2BEAT data on August 30th, the TVL of Ethereum Layer2 scaling solution Starknet has risen to $118 million, a 7-day increase of 19.49%.
Starknet Launches 24-Hour Limited-Time Official NFT Minting Event
On August 30th, the Ethereum Layer2 scalability solution Starknet ecosystem announced that to celebrate the huge leap of Starknet Mainnet v0.12.1, a 24-hour limited-time official Starknet Quantum Leap NFT minting activity will be launched.
MistTrack: Bitbrowser Hackers Transfer a Total of 6.5 ETH to 0x9713…039a on the zkSync Era
MistTrack monitoring shows that BitBrowser hackers have updated:
1. Hackers transferred a total of 6.5 Ethereum to 0x9713...039a on zkSync Era.
2. Hackers bridged to Arbitrum through Socket and transferred 1 ETH to TornadoCash on Arbitrum.
3. Hackers bridged 5.3 ETH to address 0x9c00...8143 on Optimism through Socket.
4. Address 0x9c00...8143 on Optimism transferred 5.2 ETH to Binance address 0x506f...8845.
5. 83 AVAX has been frozen.
6. A total of 80.97 ETH has been transferred to Railgun on Arbitrum currently.
