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Bitcoin (BTC) price has had a remarkable recovery from a local bottom in early July – back to a five-month range. As the cryptocurrency surges, a Bitcoin smart trader continues to accumulate, amassing $45 million of BTC in a week. Notably, the Bitcoin wallet address ‘3QYQ8YthYTaAFJmzUqiis7iRSWG7e5buBN‘ has tripled its position since Finbold’s last report, when the whale started accumulating. As reported on July 17, this trade r has made profitable decisions when trading Bitcoin in the past. Therefore, this smart whale’s ongoing accumulation behavior suggests a buy signal for the market, bringing bullish expectations for BTC. Picks for you Trump cryptocurrencies set to surge as markets predict November victory 1 hour ago ...

High recent on-chain activity has registered at least three smart trade rs taking profit s from the popular meme coin PEPE. These crypto currency whales have made millions of dollars in trade s as retail jumps in with ‘Fear of Missing Out’ (FOMO). Finbold gathered this data from four different Lookonchain reports posted on X on May 22, suggesting a reversal could happen. PEPE smart traders’ whale activity First, an early buyer deposited all their 182.9 billion PEPE holdings, worth $2.53 million, into a Binance account. This was the remaining amount of a $462 initial purchase of 324.9 billion PEPE last year. In total, this smart trade rendered over $3.4 million in profits. Picks for you Is China’s Bitcoin mining ban the worst decision this century? 37 mins ago ...

Tim Draper’s VC firm Draper Associates led the $3.5 million seed round for Zest Protocol. Binance Labs, Trust Machines and Bitcoin Frontier Fund among key participants. Billionaire Tim Draper has led a $3.5 million seed round investment in the on-chain Bitcoin lending platform Zest Protocol. Other than the billionaire’s venture capital firm Draper Associates, the round also attracted the participation of Binance Labs, Trust Machines and Flow Traders. Bitcoin Frontier Fund, Gravity Fund, Primal Capital, Hyperithm, Miton Crypto , Tykhe Block Ventures, Elixir Capital also participated. Per details published in a blog post on Monday, Zest will use the funds to expand its decentralised, peer-to-peer lending business. On the platform, users can lend their Bitcoin (BTC) or borrow against it. With this, users have an opportunity to generate yield or passive income without having to sell their Bitcoin. Growing the Bitcoin DeFi ecosystem To bring the p...

A whale lost 1,155 Wrapped BTC (WBTC), worth $71 million , due to a phishing attack on May 3. Surprisingly, the attacker returned all the funds to the victim a week later. On May 2, the whale spent $29.6 million DAI to buy 502 WBTC at $58,951. Later, on May 4, the victim created a new address and transferred 0.05 ETH for testing—a usual practice when moving large amounts. As reported by Finbold, the attacker generated phishing addresses in advance and monitored users’ on-chain activities. When the victim whale was about to transfer WBTC, the attacker sent 0 ETH using a phishing address. Picks for you Bitcoin or Ethereum? We asked ChatGPT which asset is a better buy for summer 2024 34 mins ago Crypto wallet adds pay-per-use access to premium subscription AIs 1 hour ago Economist taunts Bitcoin replacing fiat is like ‘a sideshow in Las Vegas’ 3 hours ago Here’s when the XRP price could hit $0.62 4 hours ago Victim’s transaction hist...

Cardano is on a recovery trend like other altcoins in the crypto market. Its bullish sentiment is getting stronger, indicating a fresh rally is imminent. With this promising outlook, investors may see an upward trend in cryptocurrency in the coming months.  $GFOX has also continued its impressive ICO run. The presale token is headed to a new milestone, and enthusiasts are still optimistic about a good post-ICO yield.  Cardano ($ADA) expected to rise by Double digits  The crypto market is improving, and pundits expect price action from top altcoins, including $ADA. The cryptocurrency is testing a formidable resistance as it eyes a recovery run. Analysts from Santiment believe the shark and whale are fueling $ADA’s rally. Per reports, about 639 million new addresses holding around 100k – 100 million $ADA have surfaced in the crypto space in the last eight months.  The revival of these wallets could push $ADA to break its $0.54 re...

Ethereum (ETH) surged 90% in 2023, from January 1 to December 31, closing the year at $2,281 per token. At the time of publication, ETH is changing hands by $2,233 while whale investors increase their positions. In particular, SpotOnChain spotted a huge purchase of $48 million in 30 minutes by ‘Whale 0x931’ on January 5, 2024. The mysterious whale used USDT and USDC stablecoins to acquire 21,192 ETH for a $2,265 average price . Remarkably, this address belongs to a gigantic whale worth around $142 million, with a balance of 79,500 ETH. Moreover, the ‘Whale 0x931’ has been building its position since January 13, 2023 — at an average price of $1,790. Overall, the mysterious whale currently holds more than $35 million in unrealized profit, up approximately 25% in a year. ‘Whale 0x931’ inflow Ethereum transactions. Source: SpotOnChain Ethereum price analysis amid whale signals Cryptocurrency Machine learning algorithm sets Dogecoin price for January 31, 2024 ...

As the cryptocurrency sector grows larger, its participants increasingly become targets of hacking attempts, rug pulls, and even outright threats to their lives, including in the shocking case of the kidnapping of a crypto miner in the city of Izhevsk, Russia. Specifically, a criminal gang had recently targeted a 23-year-old cryptocurrency miner, forcibly taking him from the yard in front of his house and driving away in a vehicle registered to a Perm retiree on December 25, according to a report by Ren TV on December 27. Afterward, the kidnappers, one of whom was familiar with the victim, reached out to his brother via Telegram, demanding a ransom in the amount of 15 million rubles (around $166,000). Otherwise, they said they would plant drugs on the abductee and hand him over to the police. However, the authorities managed to quickly find and detain the perpetrators, who already had a criminal record, including for prior charges of robbery and extortion, and who are now facing ...

Du said the existing challenges were transitory and that he believes the industry would benefit from collective support. Jun Du, the co-founder of Huobi, has purchased 10 million Curve DAO Tokens (CRV) for $4 million from Curve Finance founder Michael Egorov, who is seeking to decrease his exposed loan position. In an initial tweet on August 1, Du made his intention known to acquire 10 million CRV tokens at the prevailing market rate of $0.40, a value established through various over-the-counter transactions involving Egorov and several members of the crypto community. A Block report states that subsequently, Du confirmed via direct message on Twitter that he successfully completed the purchase and decided to lock up the tokens as veCRV. This lockup provides him with voting rights on the Curve platform in return for keeping the token s inaccessible for a specific duration. Screenshot showing Jun Du's 10 million CRV token transaction.   Source: EtherScan The co-founder took to Tw...

Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations? In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17 million at the time, according to disclosure statements. Two other funds, Ark Fintech Innovation ETF and Ark Next Generation Internet ETF, also bought 35,700 shares, worth $1.8 million, and 53,900 shares, worth $2.8 million, respectively.  Across all three funds, ARK’s average entry price is $272.75 - $282.93, with their total position being currently valued at $1.77 billion. At the time of writing, COIN is trading at $53.90. Needless to say, the fund is deeply in the red on this trade s...