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News

Ethena Labs’ Wallets Deposit $14.71M in ENA Tokens to Binance, Raising Market Speculation

In a high-value transfers, three wallets connected to Ethena Labs have, in the past two hours, shifted a total of 38.365 million ENA tokens to Binance. Those tokens are worth about $14.71 million. The sheer size and the rapid pace of these transfers are raising eyebrows and prompting some crypto-watchers to wonder if the team at Ethena Labs has some kind of plan in mind—especially given that the price of the ENA token itself isn't in the greatest state right now. The transfers originated from three distinct wallets: 0x4448ea1e76fe2eee5aaf6582ddc737eb0017cfe2, 0xab2eedf5cf6e534b3ab8e2a71f7457228138c1b3, and 0x7e617f54a9ede23e687513c3af896e6c5d64c4f8. They deposited at an average price of $0.383 per ENA, with each wallet transferring a considerable part of the total. - Address 0x444 deposited 17 million ENA tokens, which amount to around $6.51 million. The 0xab2 address moved 12.865 million ENA, approximately $5.02 million worth, on May 18, 2023. […]

Will Izuchukwu March 6, 2025

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News

Whale Behind Genesis Trading’s Liquidation Compensation Sells 40,000 ETH, Potential Market Impact Looms

A significant competitor in the cryptocurrency world, purportedly the whale who got the biggest payout from the liquidation of Genesis Trading last August, has sold a substantial amount of their Ethereum (ETH) holdings in the past two days. This huge transaction is perplexing to market analysts, as the individual or institution behind the sale offloaded 40,000 ETH valued at $89.2 million through over-the-counter (OTC) brokers. The funds were divided between Galaxy Digital and FalconX, two well-known firms in the crypto finance world, which has sparked some worries over potential market volatility. This whale was compensated with a staggering 114,500 ETH ($358.19 million) from the liquidation that followed Genesis Trading’s bankruptcy. The address was the largest recipient of ETH from that event, and at the time of the compensation, the ETH was worth $3,128 apiece. Now Ethereum is worth only about […]

Will Izuchukwu March 6, 2025

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News

KaitoAI’s $KAITO Token Listed on Upbit Amid Significant Market Activity

The KAITO token linked to the AI virtual asset data platform KaitoAI is now listed on Upbit, which is the largest digital asset exchange in South Korea. This is very good news for KaitoAI. The token is now listed at Upbit with the trading pairs KAITO/KRW, KAITO/BTC, and KAITO/USDT. Deposits and withdrawals for KAITO are also now live at the exchange, which is very important. https://twitter.com/Crypto_Dep/status/1897216777798435030?t=ziZ_rNb2qdrC6AJ1l8Wn6w&s=19 KaitoAI, recognized for its aim to construct an Information Finance (InfoFi) network, has been drawing attention for its innovative way of assigning value to information. Its models are participant-driven, which means that you and I—as participants in the platform—affect the way data is valued economically. This is the first platform I've come across whose main aim is to create an ecosystem in which you and I can influence the economic value of data. Suspicious […]

Will Izuchukwu March 6, 2025

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News

GoPlusSecurity’s $GPS Token Sees Significant Exchange Inflows Amid Strong Fundamentals

The $GPS token from GoPlusSecurity has felt renewed investor interest as inflows into exchanges have surged. This comes as the token was recently trading at a low of $0.069. According to on-chain data, big transfers of $GPS tokens have been made into what are called "hot wallets" on several major centralized exchanges (CEX) like Binance and Gate.io. Meanwhile, GoPlusSecurity's own user base and number of "active wallets" continue to grow, a trend that only bodes well for the token's future. Overall, none of this week's data suggests that the $GPS token is headed for anything but a favorable outcome. Exchange Inflows Highlight Strong Investor Confidence The past 24 hours have seen a notable amount of $GPS flowing into centralized exchange wallets. This is a clear sign of renewed interest and potential buying pressure for the token. One of the largest […]

Will Izuchukwu March 6, 2025

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Market Analysis

AVALANCHE PRICE ANALYSIS & PREDICTION (March 6) – Avax Jumps 5% in The Latest Increase, But Bearish Trajectory Remains Intact

Today marks another impressive recovery in altcoins as Avax's volatility shrinks with choppy price actions. However, it has posted a minor gain but remains bearish as it slowly recovers. Avax's bearish momentum appeared to be reaching an exhaustion point on the daily chart as the volatility continues to drop with choppy price actions. It found a temporal support but is yet to show signs of bullish. These choppy price actions started after rejecting $21 last month. As we can see, the bears have struggled to sustain pressure ever since. Their weakness may bring an end to this selling phase if the buyers take advantage of it. Having provided a notable discount in the short-term scale, the bulls have shown interest in the past few hours, but their commitments are not strong enough to put them back on track. If the […]

Michael Fasogbon March 6, 2025

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Market Analysis

AAVE PRICE ANALYSIS & PREDICTION (March 5) – Aave Bounces Back, Leads Altcoin Rally Following a 30% Explosion

This week started rough for Aave after a short rally last weekend. But it appeared to have found support and now shows signs of strength. It now leads the daily altcoins rally with an insane gain in the last 24 hours. Initiating drops from a peak of $400 in December, Aave lost more than 50% of its price as it broke through several supports to a three-month low last week. The price recovered, but it was short-lived at $225. A sudden dump from that price level led to a bearish start this week, and the price closed strongly at $170. Things turned out uglier yesterday due to rising supply, and the price broke down slightly to a low of $167.5. A rejection occurred there, and the crypto bounced back above $200. That led to a major buy today, and it […]

Michael Fasogbon March 5, 2025

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News

FTX/Alameda Unstaked $432.5 Million in $SOL, Likely to Fuel Deposits to Coinbase and Binance

A significant action in the world of cryptocurrency has just unfolded. FTX/Alameda has unstaked and distributed 3.03 million Solana ($SOL), worth about $432.5 million, to 37 different wallets. This move comes just hours before this writing, and the Imminent Act of Distribution (a.k.a. "the IAD") is causing quite a stir in the community. What was the intention? Is it a preliminary step in a larger plan? Why do it now with so much Solana? The next few hours and days may provide the answers. FTX/Alameda's Largest Unstaking Since November 2023 The most recent transaction represents the biggest unstaking event carried out by FTX/Alameda since November 2022. It is a clear indication that the troubled crypto firm might be attempting to make some kind of significant change in the marketplace. This move was timed very closely with the upcoming release of […]

Will Izuchukwu March 5, 2025

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Featured

Hackers Launder $1.39 Billion Stolen from Bybit, Impacting ETH Price and THORChain’s Transaction Volume

In a well-coordinated cyber heist, hackers have successfully laundered an incredible 499,000 ETH, valued at around $1.39 billion, taken from the cryptocurrency exchange Bybit. The laundering process, which lasted 10 days, used several advanced methods and made ample use of mixers to obscure the heist's trail. Despite serving as a massive wake-up call about the security of digital assets, the hack has managed to impact the cryptocurrency market in a big way. While the price of Ethereum (ETH) is down around 23% during the same period as the hack, the price of many other cryptocurrencies is down, too. The Complex Money Laundering Operation The scheme to steal from Bybit, one of the top crypto exchanges, was large and messy. Almost 500,000 ETH got taken. And as you can imagine, moving that much cryptocurrency into the real world is hard to […]

Will Izuchukwu March 5, 2025

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Market Analysis

RIPPLE PRICE ANALYSIS & PREDICTION (March 4) – XRP Rolls Back Gain Following a Sudden Sell-Off, Down 4% Daily

Following a new sell order, XRP posted a heavy loss today and is now trading back near a crucial support. A successful breakdown from there could trigger a massive collapse to a new multi-month low. Compared to other cryptocurrencies during last month's trading, XRP registered a little loss and continued to trade well above the $2 level, which has been a critical support for the past three months. It attempted to reverse the trend following a strong bounce back earlier this month, but the momentum was short-lived due to a sudden sell-off yesterday, and the price nosedived. From a technical standpoint, the landscape might change anytime soon due to the sell-off. The $2 level is considered a key support for a major breakdown. Losing it should confirm a head-and-shoulder formation on the daily chart. The target price range to watch for […]

Michael Fasogbon March 4, 2025

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Featured

Bitcoin Dips Below $80K: Is a Bounce Imminent or Are Further Losses Ahead?

The world’s leading cryptocurrency, Bitcoin (BTC), has dipped significantly beneath the $80,000 mark to cause worry among traders and investors. This drop has induced a decline in the percentage of Bitcoin currently in profit, which now stands at about 75%. As Bitcoin’s price approaches a crucial demand zone—it needs to hold at or above $69,000, the previous all-time high many analysts are now using as a marker—investors are asking whether it will hold, bounce back from here, or keep on sinking. https://twitter.com/intotheblock/status/1895392461692010874?t=JBR7D_7qeWenQkPBAsT6lg&s=19 Alongside the recent price movements, there's been a significant change in how people perceive the market. Price changes like this usually make people in the market stop and rethink what's going on. They're perceived as times when we might need to look around a bit more to see if there's something we're not seeing or if there's something […]

Will Izuchukwu March 4, 2025

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