Shiba Inu’s layer-2 network, Shibarium, was hit by a coordinated exploit that saw an attacker use a flash loan to gain control over a validator, drain assets from its bridge and trigger a temporary shutdown of staking operations. The attacker, according to Shibarium developer Kaal Dhariya, bought 4.6 million BONE, the governance token of Shiba … Read more
Traders are using leverage in an attempt to lift bitcoin BTC$115,449.98 back to record highs, creating a high-risk environment that could result in a derivatives unwind to the downside if price begins to shift the other way. Market analyst Skew warned one trader intent on opening a nine-figure long position to “maybe wait for spot … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin BTC$111,316.27 has retraced to roughly where it was before Federal Reserve Chair Jerome Powell’s dovish remarks on Friday, which briefly sparked a rally in U.S. stocks and cryptocurrencies. The reversal in BTC price has paused ether’s rally and triggered losses across the broader altcoin market. … Read more
Bitcoin (BTC) dropped under $111,000 in a sudden weekend flash crash after a whale offloaded 24,000 BTC, or more than $300 million at current prices, into thin liquidity. The whale sent the full balance to Hyperunite, with 12,000 BTC transferred Sunday alone, as CoinDesk reported earlier Monday. That move erased gains from Fed Chair Jerome … Read more
Bitcoin’s oldest whales may be to blame for Bitcoin’s slow price action this cycle, according to Bitcoiner Willy Woo, pointing out that it now takes more than $110,000 of fresh capital to absorb every Bitcoin they sell. “BTC supply is concentrated around OG whales who peaked their holdings in 2011,” Woo said in an X … Read more
Bitcoin’s oldest whales may be to blame for Bitcoin’s slow price action this cycle, according to Bitcoiner Willy Woo, pointing out that it now takes more than $110,000 of fresh capital to absorb every Bitcoin they sell. “BTC supply is concentrated around OG whales who peaked their holdings in 2011,” Woo said in an X … Read more
Bitcoin’s oldest whales may be to blame for Bitcoin’s slow price action this cycle, according to Bitcoiner Willy Woo, pointing out that it now takes more than $110,000 of fresh capital to absorb every Bitcoin they sell. “BTC supply is concentrated around OG whales who peaked their holdings in 2011,” Woo said in an X … Read more
Bitcoin’s oldest whales may be to blame for Bitcoin’s slow price action this cycle, according to Bitcoiner Willy Woo, pointing out that it now takes more than $110,000 of fresh capital to absorb every Bitcoin they sell. “BTC supply is concentrated around OG whales who peaked their holdings in 2011,” Woo said in an X … Read more
Bitcoin’s oldest whales may be to blame for Bitcoin’s slow price action this cycle, according to Bitcoiner Willy Woo, pointing out that it now takes more than $110,000 of fresh capital to absorb every Bitcoin they sell. “BTC supply is concentrated around OG whales who peaked their holdings in 2011,” Woo said in an X … Read more
Bitcoin’s oldest whales may be to blame for Bitcoin’s slow price action this cycle, according to Bitcoiner Willy Woo, pointing out that it now takes more than $110,000 of fresh capital to absorb every Bitcoin they sell. “BTC supply is concentrated around OG whales who peaked their holdings in 2011,” Woo said in an X … Read more