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Whale Makes Waves: $200,000 Profit From Altcoin Liquidation

In an impressive turn of events, a crypto whale recently liquidated $3.2 million worth of altcoins, raking in a profit of $200,000 within just seven hours. The trader focused on three key tokens: $PEPE, $FLOKI, and $WLD. Breaking down the gains, the whale invested in $PEPE at a cost of $0.00000741, netting a remarkable $110,000 profit. Meanwhile, $FLOKI, purchased at $0.0001194, contributed an additional $45,000 to the total. The $WLD token, acquired at $1.43, added $44,000 to the haul. https://twitter.com/ai_9684xtpa/status/1836763239738413420 Despite facing some losses during this rapid trading period, the whale held firm, anticipating a strategic opportunity tied to the Federal Reserve's interest rate decisions. This patience paid off when the market rebounded, allowing for a timely exit. 44 Tokens In Top 300 Have Outperformed Bitcoin This Year  According to Famexglobal, only 44 tokens in the CoinMarketCap Top 300 have […]

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Wintermute Wallet Receives $3.16M In API3, Sparks Sell-Off Speculation

Earlier today, an address linked to Wintermute received 2 million API3 tokens, valued at approximately $3.16 million, from the API3 staking address. This transaction has raised eyebrows in the crypto community, as past activity suggests a potential sell-off may be imminent. Historical transaction records show a consistent pattern: whenever this specific wallet receives API3 tokens, the funds are subsequently sent to the Kraken exchange, leading many to believe a sale may follow. Over the last six months, this address has received and transferred around $4.42 million worth of API3 tokens to the exchange, further fueling speculation of a sell strategy. https://twitter.com/ai_9684xtpa/status/1836766936610595186 API3’s price movement has been relatively positive over the past week, with the token gaining 12% in value. However, today saw a slight 2% dip, which has left some investors wary of whether further declines could be on the […]

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STP Network Sees 47% Surge, Whale Activity Spikes Amid New Developments

Over the weekend, STP Network, currently ranked #349 by market cap, experienced a massive 47% price pump on Sunday. This rapid surge in value was accompanied by a significant uptick in on-chain activity, signaling heightened interest from investors. https://twitter.com/santimentfeed/status/1836173634572030363?t=3PhbWW-byhr7_kaJjrcTxw&s=19 Within just one hour of the pump, 91 active addresses were recorded—the highest since September 2023. Additionally, there were nine whale transactions valued at over $100K each, the most seen since January 2024. This sudden increase in whale activity and address involvement is often a strong indicator of profit-taking by large stakeholders, especially in the hours following a price spike. Such behavior is common in altcoins outside of the top 100, where volatility often leads to quick movements from key players. Major Announcement From STP  Interestingly, this surge in activity followed a major announcement from STP Network. The platform recently introduced […]

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Polymarket Surpasses $1 Billion In Trading Volume As Prediction Markets Gain Momentum

In the third quarter, Polymarket’s trading volume surged past the $1 billion mark, driven by the increasing popularity of Web3 prediction markets. The platform’s US presidential prediction market alone has seen an inflow of nearly $1 billion, as users bet on potential election outcomes. https://twitter.com/tokenterminal/status/1835361779242688583?t=G8GA6ICnKJLUAsgGKyboQg&s=19 Prediction markets are becoming a focal point in Web3, with platforms like Polymarket leading the charge. While Polymarket holds the largest share of the market, competitors like Azuro and Drift (BET) are also making waves. Azuro, for example, focuses primarily on sports betting and operates as an infrastructure layer that allows users to contribute to liquidity pools in exchange for earning APY. Drift’s BET, on the other hand, is a decentralized exchange (DEX) that has recently added prediction market features, leveraging the existing liquidity from its perpetual futures platform on Solana. https://twitter.com/cryptocom_rni/status/1835591506461352056?t=B3khqWhqC8McGs2ngerjeg&s=19 Polymarket's Success Has […]

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DeltaPrime Blue On Arbitrum Hacked, $5.98M Drained Due To Compromised Private Key

In the early hours of the morning (6:14 AM CET), DeltaPrime Blue on Arbitrum was the victim of a significant security breach, resulting in the theft of $5.98 million. The hack was made possible due to a compromised private key, though the exact source of the breach is still under investigation. https://twitter.com/DeltaPrimeDefi/status/1835603279369125893?t=6_uAltZW2Bk7uGCiDoqT-w&s=19 Thankfully, DeltaPrime Red on Avalanche remains unaffected, as its implementation relies solely on multisignature wallets and cold storage, offering more robust protection. The DeltaPrime team has assured the community that the risk has been contained, and they are actively collaborating with @DeltaPrimeDefi to investigate the attack and recover the stolen assets. The attack primarily targeted DeltaPrime’s liquidity pools, including #DPUSDC, #DPARB, #DPWETH, and #DPBTCb, all of which were drained. Initial estimates placed the loss at $4.5 million, but updated calculations now confirm the figure at $5.98 million. https://twitter.com/CyversAlerts/status/1835568466901766208?t=THt66wQN3DskuFb55_7gfA&s=19 […]

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Fiat-Backed Stablecoins Surge In 2024: A Market Overview

The performance of fiat-backed stablecoins in 2024 has been notable, with the market cap of the top 10 stablecoins reaching $161.2 billion. This marks a 35.4% growth from the $119.1 billion seen in 2023, though it still falls short of the $181.7 billion peak recorded in 2021. Tether ($USDT) continues to dominate the stablecoin market, boasting a massive market cap of $114.4 billion, which accounts for 70.3% of the total stablecoin market share. Its significant lead shows Tether’s continued strength as the go-to option for stablecoin users. Following $USDT is USD Coin ($USDC), with a market cap of $33.3 billion. However, $USDC has experienced a gradual decline in its market share, a trend that began during the U.S. banking crisis in March 2023. Despite this, it remains the second-largest stablecoin by market capitalization. https://twitter.com/coingecko/status/1834216759106449477?t=HwqRyFJXAdPjs2rzoEqQSQ&s=19 The third largest player in the […]

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TRON’s Long-Term Holder Base Grows By 237% Amid Rising Security Measures

TRON ($TRX) has seen a remarkable surge in long-term holders, with nearly 90 million addresses now holding the asset, marking a 237% increase over the past year. This significant growth reflects a rising confidence in TRON's future, as more investors opt to hold $TRX for the long haul, signaling strong faith in the blockchain’s potential and ongoing developments. https://twitter.com/intotheblock/status/1834172376226877825?t=Pf6zi6LMTrnPo3ElEIMdzA&s=19 As TRON’s popularity continues to expand, it has also attracted unwanted attention from criminal entities. In response to these rising threats, the TRON DAO has taken a proactive step with the establishment of the T3 FCU, a regulatory body designed to hinder the ability of malicious actors to launder funds and misuse the blockchain. This new initiative aims to protect the integrity of TRON’s network and reinforce security, ensuring that users can transact in a safer environment. https://twitter.com/trondao/status/1833611230713688250?t=Q52oov_UEm-gs7IhTLZrpA&s=19 TRON's Stablecoin Market […]

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Stablecoins Surge In 2024, But Still Below 2021 Peak; USDT Remains Dominant

In 2024, fiat-backed stablecoins saw a notable increase of 35.4%, pushing their total market cap to $161.2 billion. Despite this growth, the figure remains below the all-time high of $181.7 billion reached in 2021. Tether (USDT) continues to dominate the stablecoin space, holding a 70.3% market share. In contrast, USDC has been on a downward trajectory since the U.S. banking crisis in March 2023. Commodity-backed stablecoins also showed significant growth, reaching a market cap of $1.3 billion in August 2024—an 18.1% increase year-to-date. Tether Gold and PAX Gold lead this sector, representing a combined 78% of the total market cap. Despite their impressive 212x growth since 2020, commodity-backed stablecoins still account for only 0.8% of the value of fiat-backed ones. https://twitter.com/coingecko/status/1833460448638996987?t=YKnBtuqji2LfI0ccJXUWMw&s=19 Stablecoins Made Up 8.2% Of The Global Cryptocurrency Market Cap As At August 2024 By August 2024, stablecoins made […]

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Aave DAO Launches Dedicated @ether_fi Market, Expanding DeFi Opportunities

The Aave DAO has just launched a dedicated @ether_fi market on its platform, allowing users to borrow stablecoins such as $USDC, $pyUSD, and $FRAX against their @ether_fi weETH liquid staking tokens. This move introduces new opportunities for DeFi strategies, particularly through liquid restaking tokens like weETH, which enable advanced maneuvers like leveraged ETH staking. This innovation is made possible by Aave's flexible architecture. The demand for borrowing against weETH collateral on Aave has been exceptionally high, with borrowing caps being filled within minutes each week on Ethereum, Arbitrum, Base, and Scroll. The popularity of weETH highlights the increasing interest in using liquid staking tokens to maximize returns within decentralized finance. This marks the second instance of a dedicated liquidity market on Aave, following Lido’s market deployment last month. Ethena is also in the final comment period within Aave DAO governance, […]

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Penpiexyz Exploiter Praised By Euler Finance Hacker As $42.7M Flows Into Tornado Cash

In a surprising on-chain message last night, the notorious Euler Finance exploiter sent a congratulatory note to the Penpiexyz hacker. The message read: "Good job, bro. Haven’t seen a hack like this in a while. Glad you kept all the money and didn’t let them get a dollar back. You won, they lost." https://twitter.com/CyversAlerts/status/1832023938244706746?t=RH-5rQstivKeyIi3Q0lmsA&s=19 The Euler Finance hacker had previously stolen $197 million in March 2023, but eventually returned the funds. In contrast, the Penpiexyz exploiter has refused to give back the $27.3 million they stole, opting instead to deposit it into Tornado Cash, a privacy-focused platform often used to launder stolen crypto. https://twitter.com/lookonchain/status/1831902739682750739?t=Cq_KrCX6q8mzfzlDEtffnA&s=19 Over the past three days, a total of 17,800 ETH (worth $42.7 million) has been deposited into Tornado Cash by three different hackers. The Penpiexyz hacker is responsible for the largest chunk, having deposited 9,600 ETH […]

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