XRP whales recently moved nearly 900 million tokens in significant weekend transactions. Ripple Labs has also strategically transferred 100 million XRP. The Shiba Memu presale countdown intensifies with only 46 days left. In a weekend marked by significant cryptocurrency movements, XRP whales have stirred the waters by transferring nearly 900 million XRP tokens between anonymous addresses. Simultaneously, the Shiba Memu presale is gaining momentum, with only 46 days left until its conclusion. This article delves into the jaw-dropping XRP transactions
The IPO would mark the first such listing by a Korean crypto exchange. There were reports in 2020 that Bithumb was considering a share sale, though it denied them at the time. Bithumb is aiming to boost its market share and close the gap on fellow exchange Upbit, which has more than 80% of the South Korean market.
Before you know it, we were representing virtually all of the 38,000 customers pro bono with help from my Northwestern law professor, J. Samuel Tenenbaum, and Barnes and Thornburg lawyers Trace Schmelz and David Powlen, with Hillary Escadeja, Susan Osmanski and David Rosen rounding out our small but very capable team of volunteers.
On-chain data shows that the attacker drained 1,577 ETH from Raft, then sent 1,570 ETH to a burn address – destroying most of the stolen assets and leaving only 7 ETH for themselves. The hacker’s address received 18 ETH via crypto mixer service Tornado Cash before the attack, blockchain data on Arkham shows, likely to fund transactions.
Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a letter dated Nov. 10 and posted on the website of EY that he and fellow IJM Ee Meng Yen Angela have been discharged from that position and appointed liquidators. Aaron Lee’s letter from Nov. 10. Source: EY The
SOL’s price jump could prove to be a win for the many creditors of FTX. The asset is now trading in a range that will make customers of the crypto exchange whole, according to Thomas Braziel, the CEO of 117 Partners, a company that closely follows the distressed asset markets. Sam Bankman-Fried was just convicted for stealing that customer money.
Trade volume recovery in BTC and ETH, the most watched liquidity metric, is eye-catching. Two of the top-15 trading volume days since the market top two years ago were recorded during this recent rally. And most of the other high-volume days happened as dramatic company failures were taking place in 2022, or as several mid-sized U.S. banks got into difficulty in March 2023. BTC Spot volumes, which until September were breaking three-year lows, have steeply recovered and are now approaching
A new addition to the current convergence trend between crypto and traditional finance is Midas, a stablecoin backed by U.S. Treasuries that’s planning to unleash its stUSD token on decentralized finance (DeFi) platforms like MakerDAO, Uniswap and Aave in the coming weeks, according to a presentation deck seen by CoinDesk.
Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with imploded crypto hedge fund Three Arrows Capital (3AC). According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim against Genesis in the amount of $33 million. The amount accounts for 3.3% of $1 billion in claims originally asserted against Genesis debtors. “Agreement provides that the 3AC debtor shall receive an allowed general unsecured claim