| 
| Million 
| #MM
|
| MM Price: | $2.41 | | Volume: | $15.4 K | | All Time High: | $256 | | Market Cap: | $2.4 M |
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| Circulating Supply: | 1,000,000 |
| Exchanges: | 4
| | Total Supply: | 1,000,000 |
| Markets: | 7
| | Max Supply: | 1,000,000 |
| Pairs: | 3
|
|
The price of #MM today is $2.41 USD.
The lowest MM price for this period was $0, the highest was $2.41, and the current live price for one MM coin is $2.40566.
The all-time high MM coin price was $256.
Use our custom price calculator to see the hypothetical price of MM with market cap of ETH or other crypto coins. |
The code for Million crypto currency is #MM.
Million is 2.4 years old. |
The current market capitalization for Million is $2,405,662.
Million is ranking upwards to #752, by market cap (and other factors). |
There is a modest volume of trading today on #MM.
Today's 24-hour trading volume across all exchanges for Million is $15,364. |
The circulating supply of MM is 1,000,000 coins, which is 100% of the maximum coin supply.
A highlight of Million is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market. |
MM has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 4 crypto exchanges.
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| Note that there are multiple coins that share the code #MM, and you can view them on our MM disambiguation page. |
 | AntPool Plans to Reimburse Record-Breaking $3.1 Million Fee
AntPool - a prominent Bitcoin mining pool - has announced its decision to refund the staggering $3 million transaction fee that made headlines last week.
The incident occurred when a user mistakenly submitted an 83 BTC gas fee, prompting AntPool's risk control system to temporarily freeze the transaction during packaging.
AntPool to Reimburse 83 BTC Gas Fee
According to an update on November 30th, AntPool has set a deadline for the original owner to verify their identity before December 10, 2023, by contacting the mining pool.
To facilitate the refund process, the mining company has requested the user to prepare a signing tool, such as Electrum or Bitcoin Core, using the private key of the address associated with the transaction. The user must sign the message 'AntPool' and send the signed text to the provided support email address.
The erroneous transaction, which set a new record with a $3.1 million fee, involved the transfer of 55.77 BTC with a pre-transaction balance of 139.42 BTC. The user overpaid by an astonishing 120,528 times, as reported by Bitcoin explorer Mempool.
The update from AntPool read,
'On November 23rd, some user submitted 83 BTC as a gas fee. The risk control system of ANTPOOL temporarily froze the fee when packaging the transaction. Please contact us before 00:00 (UTC+8) on December 10, 2023, and verify personal identity in the following way. After verification, ANTPOOL will refund the fee.'
Fat Finger: $500K in For a $2,000 BTC Transaction
This inciden...
|  | 300 Million Dogecoin (DOGE) Moved To Robinhood As Price Swells
The Meme-based cryptocurrency Dogecoin (DOGE) has recently experienced a significant increase in whale transactions during an improvement in the crypto asset's price.
300 Million Dogecoin (DOGE) Dumped In Crypto Exchange
Data from the on-chain crypto tracker Whale Alert recently revealed that a massive amount of Dogecoin (DOGE) was transferred to Robinhood. This whale transaction has attracted the interest of traders and investors in the larger cryptocurrency space.
According to the crypto tracker, the transfer was orchestrated by an unknown wallet address earlier today. The wallet address identified as DDuXG.ruc1wwKF sent about 300 million DOGE to the cryptocurrency trading platform Robinhood.
The post read:
300,000,000 #DOGE (25,033,123 USD) transferred from unknown wallet to #Robinhood.
With the current price of Dogecoin, the whale transaction is valued at approximately $25 million. The whale moved the substantial Dogecoin haul to Robinhood for a comparatively low network cost of just $0.18. This is most likely by taking advantage of times when fees and congestion were low.
The transfer of DOGE to Robinhood suggests that the whale is looking to sell the tokens, igniting speculation in the larger cryptocurrency market. However, it seems that the meme-based cryptocurrency's price increase runs counter to the tokens being dumped on exchanges.
Currently, the price of DOGE is sitting at $0.0839, indicating an over 2% increase in price in the past 24 hours. Meanwhile, it...
|  | MicroStrategy Boosts Bitcoin Holdings With $590 Million Purchase, Totali...
In a testament to its unwavering confidence in Bitcoin (BTC), MicroStrategy, one of the largest Bitcoin holding companies, has once again expanded its cryptocurrency portfolio.
The company's former CEO, Michael Saylor, announced the acquisition of an additional 16,130 BTC, valued at approximately $593 million. This strategic move comes as Bitcoin enters a phase of accumulation above the $37,000 mark.
MicroStrategy Adds To Bitcoin Stash
As announced, MicroStrategy's latest purchase was made at an average price of $36,700 per Bitcoin. With this acquisition, the company's total Bitcoin holdings now stand at an impressive 174,530 BTC.
Throughout 2023 and previous years, MicroStrategy has consistently demonstrated its commitment to BTC, accumulating a substantial amount of the cryptocurrency.
The total cost of MicroStrategy's Bitcoin investments exceeds $5.20 billion, with an average purchase price of $30,252 per Bitcoin. This significant investment reflects the company's long-term bullish outlook on Bitcoin's potential as a store of value and hedge against inflation.
As reported by NewsBTC, the company has reaped substantial gains from the recent uptrend in the overall cryptocurrency market and Bitcoin's impressive price surge. With BTC experiencing a 36% increase since October, Microstrategy has now amassed over $1 billion in unrealized profits.
Notably, Bitcoin’s positive performance has directly impacted Microstrategy's stock, traded under the ti...
|  | Bitcoin Alert: $137 Million Moved By Long-Sleeping Whale, Market Braces ...
Recently, the crypto community witnessed a notable event as a dormant Bitcoin whale, inactive for nearly four years, returned to the market.
According to data from the crypto analytics platform Lookonchain, this enigmatic entity transferred 3,623 BTC, worth roughly $136.94 million, to two newly created wallets.
Market Speculations And Potential Impact
This mysterious investor initially accumulated their Bitcoin holdings at an average cost of $6,889 per unit from October 25, 2018, to December 31, 2019. Initially, the total investment stood at approximately $24.96 million.
However, at present market conditions, this investment has grown significantly and is now estimated to yield around $112 million in profits.
The transaction's significance extends beyond its sheer magnitude. It is particularly noteworthy for its timing, aligning with Bitcoin's recent surge to a peak price not seen since May of the previous year, reaching around $38,400 per Bitcoin.
A whale that had been dormant for ~4 years transferred all 3,623 $BTC($136.94M) to 2 new wallets 1 hour ago.
This whale accumulated 3,623 $BTC($24.96M) at ~$6,889 from Oct 25, 2018 to Dec 31, 2019.
At current prices, the profit is ~$112M.https://t.co/QL3fPiV900 pic.twitter.com/wrMe4loIwm
— Lookonchain (@lookonchain) November 30, 2023
The sudden activity of this substantial Bitcoin holder has sparked speculation and discussions within the crypto community. On the X platform, a user pointed out the timing of the whale's movem...
|  | Shiba Inu L2 Shibarium Crosses 4 Million Transactions As Burn Rate Explo...
Shibarium, the Shiba Inu layer-2 solution, recently reached a new milestone in the past few days, crossing the 4 million total transaction threshold. The launch of Shibarium, Shiba Inu's layer-2 solution, has been a huge catalyst for the meme coin. At the same time, SHIB's burn rate has exploded in the last two days, as investors look to push the price of SHIB in a positive direction.
Shibarium's Rapid Growth, Burn Rate Skyrockets
In just the past few months, over 4 million transactions have taken place on the Shibarium network. According to Shibariumscan, the total transaction count now stands at 4.27 million at the time of writing, with the total block count also at 1.87 million, steadily approaching 2 million. The platform saw its daily transactions soar last weekend, reaching as high as 43,690 on November 23.
This milestone seems to have rolled over to Shiba Inu's token burning. According to data from Shibburn, Shiba Inu's burn tracker, the burn rate has increased significantly this week. The last 24 hours have seen the token burns reach 82,887,109 SHIB, an increase of 913.89% from the previous day.
SHIB tokens can be burned by any Shiba Inu investor by sending the tokens to any of the SHIB burn addresses. Apparently, most of the latest 24-hour figure came from one address, which incinerated 82.86 million SHIB tokens.
The uptick in SHIB burns has been going on for a while now. The burn rate increased by almost 500,000% over the weekend with more than 264.20 m...
|  | Antpool Offers Refund for $3 Million BTC Transaction Fee, Sets Verificat...
Following a claim from an individual asserting they had lost 139 bitcoin in a hack, where 83.65 BTC was utilized as a heightened fee to expedite its mining, Antpool has disclosed its readiness to reimburse the mistakenly paid fee. Antpool specified on November 30 that the individual has a deadline of December 10, 2023, to reclaim the fee from the mining pool. Deadline Announced by Antpool for Refunding Massive Bitcoin Transaction Fee in Suspected Hack Case
Recently, the cryptocurrency community observed an exceptionally large transaction fee, where 83.65 BTC, valued at over $3 million, was remitted to miners. This transaction, confirmed in block 818,087, was processed by Antpool, today's most dominant mining pool by hashrate. Following this event, an unidentified user on the social media platform X disclosed that this fee originated from their bitcoin holdings, which were allegedly compromised by hackers.
The user also provided a signature, verifying their claim by signing a message with the private keys of the address. On November 30, Antpool issued a statement regarding the erroneously paid fee, declaring its readiness to refund the owner of the address. 'On November 23rd, some user submitted 83 BTC as a gas fee,' Antpool disclosed. 'The risk control system of Antpool temporarily froze the fee when packaging the transaction.'
Please contact us before 00:00 (UTC+8) on December 10, 2023 and verify personal identity in the following way. After verification, Antpool will refund...
|  | Polygon Whales Go On 120 Million MATIC Buying Spree, Rally Soon?
On-chain data shows the Polygon whales have loaded up on 120 million MATIC during the past week, a sign that could be bullish for the asset's price.
Polygon Whales Have Increased Their Holdings Recently
As pointed out by an analyst in a post on X, MATIC whales have made a decent amount of buys during the past week. The relevant indicator here is the 'Supply Distribution,' which keeps track of the total amount of Polygon that the different holder groups are carrying in their wallets right now.
In the context of the current topic, the whales are the ones of interest and their group address balance range may be defined as 10 million to 100 million MATIC (which converts to about $7.7 million to $77 million at the current exchange rate).
The whales are the most powerful entities on the network, because of the sheer scale of reserves they hold. As such, their movements can often be worth keeping an eye on, as they may end up having an influence on the asset's value.
Now, here is a chart that shows the trend in the Polygon Supply Distribution specifically for these humongous holders over the past month:
As displayed in the above graph, the indicator's value for the Polygon whales has registered a notable uplift during the past week. In total, these large investors have scooped up more than 120 million MATIC (approximately $92.5 million) in this window.
These buys from the whales have come while the cryptocurrency's price has been trading around its lows following a sharp pullback...
|  | Bitcoin 65% Crash Possible? $54 Million In Buy Orders Pile Up At $12,000
Bitcoin is still trending at a reasonably high price, especially after falling below $15,000 in 2022 following the FTX collapse. Given its rise since then, investors have turned bullish, expecting the start of another bull market. However, not all investors have bought into this bullish narrative for Bitcoin and this is evidenced by the amount of buy orders sitting at prices more than 65% below its current value.
4,500 BTC Bids At $12,000
In an interesting turn of events, a developer has revealed a massive buy wall waiting in the expectation that the Bitcoin price will crash further. One X (formerly Twitter) user who goes by @tedstalksmacro took to the social media platform to reveal the massive buy wall.
According to the post, there were 4,500 BTC bids waiting at around 65% below the current price of Bitcoin. These Bitcoin bids came out to a total of $54 million, going by the asset’s price at the time, and made up the largest buy wall at any price point for the cryptocurrency.
These 4,500 BTC bids at the $12,000 mark suggest that these Bitcoin investors expect the price to keep falling. Now, if the Bitcoin price were to return to this level, it would mean an approximately 68% drop from the tight range of $37,500 to $38,000 that the price has been trading at.
Another X user pointed out that the buy wall did not recently appear. Rather, the 4,500 BTC bids have been standing for more than a year.
Why Investors Are Expecting Bitcoin To Fall
In response to Ted’s ...
|  | Dormant Bitcoin Whale Transfers $137 Million in BTC After 4 Years
A Bitcoin wallet address has sprung back to life after approximately four years of inactivity.
The dormant whale transferred its entire stash of 3,623 BTC - worth around $136.94 million - to two new wallets. On-chain data suggest that the whale amassed 3,623 BTC worth almost $25 million between October 25, 2018, and December 31, 2019. During this timeframe, Bitcoin was trading on average at $6,889.
As reported by Lookonchain, the investment has skyrocketed to a staggering $136.94 million, considering the current market price, marking a profit of around $112 million.
A whale that had been dormant for ~4 years transferred all 3,623 $BTC($136.94M) to 2 new wallets 1 hour ago.
This whale accumulated 3,623 $BTC($24.96M) at ~$6,889 from Oct 25, 2018 to Dec 31, 2019.
At current prices, the profit is ~$112M.https://t.co/QL3fPiV900 pic.twitter.com/wrMe4loIwm
— Lookonchain (@lookonchain) November 30, 2023
According to data compiled by BitInfoCharts, the whale was sitting on a profit of $244 million in BTC during the bull run in November 2021 when Bitcoin exchanged hands at $67.5k.
The substantial movement of funds introduces an interesting aspect to the market. Deciding to use or move dormant coins is often complex and depends on individual circumstances and various factors.
For instance, a significant increase in Bitcoin's value might lead owners to sell or trade their inactive assets to capitalize on profit opportunities.
Amidst market recovery, 2023 witnessed a flurry of ...
|  | Hacker Seeks Civility in $47 Million Kyberswap Heist, Demands Friendly N...
In the wake of Kyberswap, a decentralized exchange (dex) platform, suffering a $47 million loss due to a cyberattack, the perpetrator indicated a readiness to engage in negotiations. Yet, despite expressing an openness to resolution, the hacker lamented encountering primarily “received (mostly) threats, deadlines, and general unfriendliness.” They warned that if such hostility persists, the Kyberswap team might face delays in resolving the issue.Kyberswap Hacker Demands Cordiality in $47 Million Heist Talks
Five days ago, Kyberswap, a decentralized finance (defi) trading platform, fell victim to a cyber attack, resulting in a loss of $47 million. The team announced that its market maker, Kyberswap Elastic, had “experienced a security incident.” Since the attack, they have established communication with the perpetrator, and an onchain message indicates the hacker's openness to negotiate the return of the funds.
Yet, the hacker claims to have faced unjust treatment and warns that if such circumstances persist, the team may need to postpone the negotiations to a later date. “Dear Kyberswap executives, employees, token holders, and LPs,” the hacker wrote. “I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. That's ok, I don't mind. I have prepared a statement concerning our (potential) treaty. I plan to release it on Nov. 30 at Noon UTC, sharp.&rdqu...
|  | Whale's Move: $19.5 Million XRP Shifted To Exchange, Massive Sell Off On...
Whale Alert, a renowned blockchain tracker, reported a substantial transfer of XRP tokens to the Bithumb crypto exchange. This transfer, involving over 32 million XRP tokens valued at roughly $19.5 million, originated from an unidentified wallet and was executed today at 05:15:10 UTC.
The substantial nature of this transaction places it firmly in the category of 'whale transactions,' which are often scrutinized due to their potential influence on market dynamics.
In the crypto space, such significant transfers are typically indicative of strategic moves by influential players within the market.
While the specific intention behind this transaction remains undisclosed, and the whale's identity is unknown, its occurrence has not led to any notable immediate price fluctuations in XRP, with only a marginal decrease of 0.1% observed so far.
Massive Sell-Off On The Horizon? Historically, the transfer of substantial amounts of crypto to exchanges by whales has been linked with either an intent to liquidate or to swap for other digital assets. This makes such movements anticipated to result in a price drop following a significant sell-off.
However, a technical analysis of the current situation suggests a different narrative for XRP. Looking at the asset's chart on the 4-hour time frame, XRP has recently tapped into an order block on the sell side, which could signal an impending price reversal to the upside in trading parlance.
Mainly, an order block in financial markets is essentia...
|  | Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvid...
On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs). These newly acquired units will complement Northern Data's current collection of artificial intelligence (AI)-oriented hardware, following their previous acquisition of 10,000 Nvidia GPUs in September.Taiga's $362M Nvidia AI Boost; Northern Data Launches Liquid-Cooled Bitcoin Mining Site
In a continuous stride towards growth in the generative AI sector, Northern Data Group and its subsidiary, Taiga Cloud, announced on November 29 another noteworthy expansion. Taiga Cloud has enhanced its AI infrastructure through the procurement of additional Nvidia-based GPUs.
The expansion includes equipping Taiga Cloud with HPE Cray XD supercomputers, furnished with Nvidia H100 GPU Tensor Core GPUs. This latest acquisition, valued at 330 million euros or equivalently $362 million, was facilitated by Hewlett Packard Enterprise (HPE). The company had previously acquired 10,000 Nvidia units in September.
“Taiga and HPE share similar beliefs and values, which are aligned to democratizing access to cutting-edge sustainable generative AI technology,” Karl Havard the managing director of Taiga Cloud said in a statement. “We understand that AI workloads require purpose-built AI-native architecture where hundreds and even thousands ...
|  | Kronos Research Offers 10% Bounty Following $26 Million Hack
After being robbed of $26 million in crypto earlier this month, trading firm Kronos Research is reaching out to their hacker to negotiate.
The company has offered to drop all legal charges if the hacker returns 90% of the stolen funds, leaving him ~$2.5 million to keep.
The Kronos Research Hack
Kronos made its offer through an Ethereum transaction message to the hacker’s blockchain address on Monday – a common method for directly negotiating with anonymous crypto thieves.
“We acknowledge the complexity of the situation and are prepared to negotiate a resolution,” wrote Kronos. “We propose a 10% bounty of any funds stolen, with the remaining 90% to be returned, in which case we will not pursue this further.”
The firm added that its offer will only remain valid until Thursday, November 30 at 08:00 UTC.
Kronos initially reported the hack on November 18, claiming that an unauthorized entity had gained access to its API keys. Trading and withdrawals have resumed since, and the company assured followers that its losses were “not a significant portion” of its equity and could be covered internally.
Later research from blockchain investigators at Lookonchain found that most of the losses ($24.57 million) were lost in Tether USD (USDT), alongside another ~$959,000 in Ether (ETH), and ~$125,000 in USD Coin (USDC).
The Beauty of Bounties
The loot, while substantial, is hardly unordinary in crypto.
Less than a week prior, on-chain sleuth Za...
|  | Dogecoin's On-Chain Surge: Over 5 Million Addresses Now Hold DOGE
Dogecoin (DOGE) is seeing a resurgence in its popularity, with its on-chain activity spurring up with activity after a period of relative lull.
The number of addresses holding Dogecoin (DOGE) surpassed five million on November 27th, marking a significant milestone. According to data from on-chain analytics firm IntoTheBlock, this surge in adoption is accompanied by a notable increase in user activity on the Dogecoin network.
The number of active addresses has more than doubled, reaching 168,000, the highest since March 2022.
The total number of addresses with a balance has also reached a new peak at 5.11 million this week, as per IntoTheBlock's latest update.
Additionally, confirmed transactions on the Dogecoin blockchain have spiked, experiencing a remarkable 1,000% increase in the past 10 days, hitting the highest level since June.
Dogecoin has experienced a slowdown in its price after declining by more than 10% from $0.086 to the press time price of $0.077 in a span of 10 days.
However, the rise in on-chain activity reflected a growing interest in the popular meme coin from institutional investors and large holders, hinting at a potential surge in value in the coming days.
As reported by CryptoPotato, a considerable amount of previously dormant Dogecoin stored in older wallets has been transferred recently, indicating a potential shift in the asset's price trajectory.
However, amidst the positive trend, a concern arises as 4.8 million wallets, holding 1.5% of the total Do...
|  | Institutional Investors Pour $346 Million Into Crypto – Here Are T...
Crypto investment products have experienced another week of inflows, bringing the run to nine consecutive weeks of inflows. According to CoinShares' latest report on digital asset investment funds, inflows into crypto products totaled $346 million last week, with some cryptos receiving more investments than others.
With last week’s numbers, the total value of inflows into crypto investment funds this year now stands at $1.663 billion.
Overview Of Institutional Investment In Crypto This Week
Although volatile and still in its nascent phase, the crypto market has attracted its fair share of rich visionaries and institutional traders. While companies like MicroStrategy and Tesla are investing on the spot end of things by buying crypto assets, others are getting exposure to assets through exchange-traded products (ETPs). This is particularly good, as institutional backing in ETPs also brings more stability and legitimacy to the space.
According to CoinShares, Bitcoin has attracted most of the inflows. Bitcoin has been in the spotlight for the past few months, particularly with Spot Bitcoin ETFs waiting to be approved in the US.
Bitcoin ETPs received a total of $312 million in new inflows last week, bringing its total inflows this year to $1.55 billion. At the same time, Ethereum ETPs witnessed an inflow of $33.5 million, a 915% increase from the previous week's inflows of $3.3 million.
Solana ETPs on the other hand, saw an inflow of $3.5 million, a 74% dr...
|  | Binance Responds to Uncertainty Over 5 Million ORDI Discrepancy in BRC-2...
An X user recently identified discrepancies in Binance's BRC-20 ORDI balances caused by inconsistent indexing.
On the UniSat indexer, Binance possesses 7.239 million ORDI, while the Ordiscan index reflects a holding of 2.293 million ORDI. This variance amounts to approximately five million.
Discrepancies in BRC-20 ORDI Balances on Binance
BRC-20 ORDI, an experimental token built on the Ordinals protocol, has sparked debate due to varying balance reports from indexers.
Dumpster_DAO uncovered this issue during their investigation, exposing a discrepancy of approximately five million ORDI between two indexers. According to UniSat, an indexer used by Binance, the exchange holds 7.239 million ORDI. However, the Ordiscan index reports a lower figure of 2.293 million ORDI.
The BRC-20 token standard, introduced in early 2023, enables the creation of fungible tokens using the Ordinals protocol on Bitcoin. These tokens, including ORDI, are inscribed on satoshis (the smallest unit of Bitcoin) and can be minted and transferred. However, unlike ERC-20 tokens on the Ethereum network, BRC-20 tokens do not use smart contracts and thus offer limited functionality.
Dumpster_DAO also stated that while exchanges like OKX and Bybit use UniSat data, Binance relies on Ordiscan data, noting that this variance in indexing methods poses risks to ORDI assets.
Following the development, Dumpster DAO reportedly contacted Binance's customer service team and sought clarification from UniSat Wallet, which c...
|  | KyberSwap Retrieves $4.7 Million After Negotiations With Bot Operators
Decentralized exchange protocol KyberSwap announced that it had recovered $4.67 million in funds after a recent security attack that resulted in a staggering loss of nearly $50 million from its concentrated liquidity pools last week.
The hacking incident targeted KyberSwap's Elastic pools, affecting funds across various blockchains, including Arbitrum, Optimism, Ethereum, Polygon, Binance Smart Chain, and Base. The attacker exploited a vulnerability linked to the tick interval boundaries in Kyber's concentrated liquidity pools.
By manipulating these boundaries, the hacker managed to double the liquidity and subsequently drain the pools, resulting in the theft of over $46 million in digital assets.
Negotiations With Front-Running Bots Operators
In response to the attack, KyberSwap engaged in negotiations with the operators of front-running bots responsible for extracting approximately $5.7 million in crypto from the protocol's pools on the Polygon and Avalanche networks during the hack.
The negotiations concluded on November 26, with the bot operators agreeing to return 90% of the funds to a specified KyberSwap address on the Polygon network, receiving a 10% bounty as their incentive.
According to the official update, the recovered funds include:
361.92 axl-wstETH ($870.5k)
441.8 WETH ($919k)
261.5 wstETH (~$624k)
711,430.9 WMATIC (~$547.8k)
443,011.6 USDT (~$443k)
385,630.7 USDC (~$385.6k)
65,130 USDT (~$65.1k)
#PeckShieldAlert Our community contributor has detected that o...
|  | Ethereum User Tsunami: Record 94,000 New Accounts And $32 Million In Sta...
According to CryptoQuant's data on November 4th, Ethereum (ETH) achieved a significant milestone. The aggregate amount of funds staked in the Ethereum 2.0 smart contract has experienced a notable surge, reaching a commendable sum of $32 million.
The current increase in value is indicative of a larger pattern in which investors are consistently and proactively investing in ETH, thereby propelling the Ethereum ecosystem to unprecedented levels of growth.
In the broader context of the year 2023, Ethereum's exceptional performance is clearly observable, as it has contributed a significant $74.5 billion to its market value thus far this year.
The jump in market capitalization recorded at the beginning of the year on January 1 marks a significant gain of 51% from the initial value of $146 billion.
The latest data trends from on-chain sources also reveal a significant rise in the number of new user addresses for Ethereum. This demonstrates the platform's ability to withstand the unexpected departure of Binance founder Changpeng Zhao and the consequent minor decline in cryptocurrency markets that occurred last Wednesday.
On Friday, Ethereum (ETH) demonstrated a noteworthy resurgence as it successfully regained the price level of $2,100. This suggests that the market is gathering momentum and preparing for a potential significant price movement in the near future.
Meanwhile, upon examining Glassnode's New Addresses chart, it becomes evident that there has been a notable increas...
|  | Whales Move $30 Million Worth Of XRP To Exchanges – Time To Sell?
XRP could witness a massive selloff in the coming days, as shown by on-chain transfer data. According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes.
Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary.
Whale Transfers 50 Million XRP To Exchanges
XRP has gone through consolidation for the past two weeks in the midst of a market lull. According to Coinmarketcap, the altcoin's trading volume is also down by 43.59% in the past 24 hours. Before this period however, a whale made a transfer of 50 million XRP worth approximately $31 million to exchanges, prompting investors to wonder if this is a part of the ongoing consolidation and if the transfers are a selloff.
According to Whale Alerts, a transfer of 25.2 million XRP tokens worth $15.66 million was made to crypto exchange Bitstamp on November 23. Shortly after, 25 million XRP tokens worth $15.55 million were sent to crypto exchange Bitso. Looking into the details of the two transactions on blockchain explorers reveal they were made from the same address 'r4wf7e'.
A deeper look reveals address 'r4wf7e' received 55.87 million tokens from address 'rJgpQR' and then went on a s...
|  | Kyber Network Confirms Security Incident in Which $47 Million Was Stolen
Kyber Network said on Nov. 22 that Kyberswap Elastic 'experienced a security incident' in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all 'users to promptly withdraw their funds.'Kyber Forks Affected by the Incident
Kyber Network, the decentralized exchange (DEX) aggregator, confirmed on Nov. 22 that its market maker known as Kyberswap Elastic had 'experienced a security incident.' In a post on X (formerly Twitter), the DEX aggregator said it 'strongly advise[d] all users to promptly withdraw their funds' while it investigates the incident.
recommend also withdrawing from kyber forks such as Horizondex on Linea until there is more info
— Spreek (@spreekaway) November 22, 2023
While Kyber Network has not shared details relating to funds lost, a social media user Spreek said assets worth more than $20 million were stolen when Kyberswap Elastic was initially attacked. However, in later posts, the user suggested that the losses were double the initial estimates.
'Current total is $47m. Possibly more chains still to follow idk [I don’t know]. For those asking I'm fairly sure this is NOT an approval-related issue and is only related to the TVL [total value locked] held in the Kyber pools themselves,” the DEX aggregator said.
The X user said in the absence of new information, he would also recommend withdrawing from certain Kyber forks such as Horizondex on Linea 'until there is more ...
|  | UAE's Bitcoin Mining Firm Phoenix Group Secures $370 Million in Oversubs...
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin mining enterprise, it was revealed that the company successfully garnered $370 million through an initial public offering (IPO) that was highly sought after, achieving a 33-fold oversubscription.UAE Forges New Path in Bitcoin Mining With Phoenix Group's $370M IPO
Bitcoin mining and blockchain infrastructure firm Phoenix Group has announced it’s raised 1.3 billion UAE dirhams ($370 million) in an IPO that started on November 16 and closed two days later. The company will be listed on the Abu Dhabi Securities Exchange (ADX) with the ticker PHX.
'The overwhelming interest during the offer period is a powerful endorsement of our pioneering role in cryptocurrency mining and blockchain,” Bijan Alizadehfard, the co-founder and group CEO of Phoenix said.
The company’s prospectus says that it has established significant operations including a mining farm in Oman in collaboration with Green Data City and Microbt. Phoenix is also involved in multiple other ventures, such as hosting agreements with PTC Cloud Tech – FZCO, power supply contracts with Marlboro Electric Cooperative, and a 20% stake in Bitzero Inc.
The prospectus details that the company's focus initially is on growth and expansion, with plans to adopt an active dividend policy after 2-3 years. This strategy is designed to return to shareholders substantially all o...
|  | Bitcoiner Overpays $3.1 Million In Largest Ever Transaction Fee
An unknown Bitcoin (BTC) user paid an 83.6 BTC ($3,136,058) transaction fee while moving his coins on Thursday, marking the largest transaction fee the network has ever recorded in dollar terms.
The total size of the transaction was 139 BTC ($5,198,720.84), meaning less than half of the transfer (55.7 BTC) actually reached the recipient.
Another Costly Transaction Mistake
The costly transaction was sent from wallet address bc1qn3d...wekrnl to address bc1qyf…km36t4 on November 23, at Bitcoin block 818087.
According to mempool.space, the fee was overpaid by a factor of 119,980x, based on the block’s 141/sat/vb cost at the time.
On Bitcoin, users can voluntarily attach a fee to their transactions so that the network will process them faster.
Specifically, the Bitcoin miner responsible for building the network’s next block will be more incentivized to include that transaction within the block’s limited storage space, since he will earn the attached fee as a reward.
Bitcoin includes a feature for senders called “replace by fee” (RBF), with which a still unconfirmed Bitcoin transaction may be replaced by another with a higher fee attached if the first one wasn’t sufficient.
According to mempool developer @mononautical on X, the sender may not have known that RBF orders cannot be canceled, and repeatedly tried to cancel the transaction with higher fees.
The transaction’s RBF history shows that the last replacement attempt added anothe...
|  | Bitcoin User Unwittingly Pays $3.1 Million in Single Transaction Fee
Onchain data reveals a staggering incident where a bitcoin user inadvertently paid a fee of 83.65 BTC, amounting to a costly mistake of $3.1 million, in a single transaction. This blunder occurred in block 818,087, mined by Antpool, marking the highest fee ever recorded on the Bitcoin blockchain.Bitcoin Transaction Gone Wrong: User Forks Out Over 83 Bitcoin in Fees
Block 818,087 stands out in Bitcoin's ledger for recording the largest fee for a single transaction in its history. This block encapsulated around 4,179 transactions. Besides the standard reward of 6.25 newly created BTC, Antpool earned an additional 85.216 BTC in fees from this block.
The extraordinary transaction fee amounted to 83.65 BTC, transferring 55.77 BTC, valued at approximately $2 million based on current exchange rates. This incident surpasses the previous record, where an excessive fee of about 19.8 BTC – worth $738,639 today but approximately $500K at that time – was paid.
This earlier record was set in block 807,057, mined by F2pool, which earned 20.0127 BTC in total fees from the block. The 19.8 BTC transfer was later identified as a transaction by Paxos. In a gesture of goodwill, F2pool chose to refund the company, demonstrating that miners have the discretion to reimburse addresses in cases of apparent errors.
What do you think about the user who overpaid 83.65 bitcoin for a single transfer fee? Share your thoughts and opinions about this subject in the comments section below.
|  | AVAX Holders Beware: $204 Million Token Unlock Could Trigger Price Crash...
Token unlocks for cryptocurrencies such as AVAX are not new but that does not negate the kind of impact that these unlocks can have on the price. Depending on the size of the unlock, it could trigger a market crash as millions of new coins roll into circulation and are dumped on retail. This could certainly be the case for AVAX today given the size of the upcoming unlock.
AVAX Unlock At $204 Million
AVAX’s most recent unlock is about to see a total of 9.5 million tokens being brought into the open market. With the price of the altcoin trending above $21, this puts the total value of the unlock at approximately $204 million.
According to data from the Token Unlocks website, this unlock will see another 2.68% of the total token supply added to the circulating supply. This will take the percentage of the total supply already unlocked from 55% to 57.68%. This cliff unlock will continue to inflate the AVAX supply, posing a potential roadblock for rallies as the supply increases.
The standard allocation for this cliff unlock is spread across multiple spheres, with the largest portion going to staking rewards. 50% of the total unlocked tokens usually go to these stakes. Then the team portion is 10%, while the foundation gets 9.3%.
Implications For Token Price
Naturally, an inflation in supply is not good for the token price and this will likely be reflected in the AVAX price soon after. However, taking a look at the last unlock event carrying the same number of coins which ...
|  | Dogecoin Dazzle: Netflix Director's $4 Million Bet Turns Into $27 Millio...
In an audacious financial play, Carl Erik Rinsch, the director of Netflix's sci-fi series 'Conquest,' reportedly magnified a $4 million investment in Dogecoin to a whopping $27 million. This unexpected windfall is part of a larger, dramatic narrative involving Rinsch's handling of the series' budget.
Dogecoin Windfall And Extravagant Expenditure
Rinsch's journey into the crypto realm began after he faced significant losses in the stock market. Financial records show that after receiving an additional $11 million from Netflix to support 'Conquest,' Rinsch allocated $10.5 million to stock market ventures, primarily in pharmaceutical companies and the S&P 500. These risky options trades resulted in a loss of nearly $6 million in just a few weeks, leaving him with a little over $4 million.
In a bold pivot, Rinsch transferred the remaining funds to the cryptocurrency exchange Kraken, where he invested heavily in Dogecoin, a then-emerging digital currency inspired by an internet meme. His investment coincided with an extraordinary surge in Dogecoin's value, culminating in him cashing out around $27 million in May 2021, as evidenced by an account statement seen by the Times.
Following this success, Rinsch reportedly expressed his gratitude in an online chat with a Kraken representative, saying, “Thank you and god bless crypto.” However, Rinsch's windfall quickly translated into extravagant spending.
He embarked on a lavish spree, purchasing five Rolls-Royces, a Fer...
|  | US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto...
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to 'pig butchering' crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of victims' crypto deposits through numerous cryptocurrency addresses, where they were exchanged for various cryptocurrencies.DOJ Seizes $9M in USDT
The U.S. Department of Justice (DOJ) announced Tuesday 'the seizure of nearly $9 million worth of tether, a cryptocurrency pegged to the U.S. dollar.' The Justice Department detailed:
These seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited over 70 victims through romance scams and cryptocurrency confidence scams, which are widely known as 'pig butchering.'
Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department's Criminal Division explained that these scammers target regular investors through deceptive websites, falsely claiming that their investments are generating profits. 'The truth is that these international criminal actors are simply stealing cryptocurrency and leaving victims with nothing,' she said.
The acting attorney general stressed: 'The department hopes this recovery of assets will bring some closure and a sense of justice to the over 70 victims affected by this series of scams.'
Court documents reveal that criminals collaborate to convince victims to deposit cryptocurrency by falsely portraying the transactio...
|  | FTX and Alameda Divest $36 Million Worth of These Assets
FTX and Alameda have been actively divesting their holdings. Within the past 24 hours, both entities have transferred $36.01 million worth of MATIC and AVAX to various exchanges.
This is a testament to their ongoing commitment to reaching settlements with creditors amidst the twists and turns of the bankruptcy battle.
FTX Selling Spree Continue
Based on Spot on Chain analytics, FTX deposited $36.01 million worth of MATIC and AVAX to different exchanges within 24 hours. Out of this total, Coinbase and FalconX received 22.6 million MATIC valued at $17.2 million, while FalconX alone obtained 975,859 AVAX with a value of $18.83 million.
Note that #FTX and #Alameda further deposited $36.01M worth of $MATIC and $AAVX to exchanges in the past 24 hours:
22.6M $MATIC ($17.2M) to #Coinbase and #FalconX
975,859 $AVAX ($18.83M) to #FalconX
Overall, FTX and Alameda have transferred out $488M worth of 48 tokens… https://t.co/rKCWMVzlPZ pic.twitter.com/BRDVDQdoc3
— Spot On Chain (@spotonchain) November 22, 2023
On Nov. 21, accounts associated with the defunct exchange FTX transferred approximately $3.16 million worth of Ethereum to the troubled former rival Binance. The transaction was facilitated through Wintermute Trading.
Notably, they conducted test deposits on Nov. 21 to the digital asset trading platform FalconX as a preliminary step towards subsequent asset transfers.
Additionally, on Nov. 17, FTX and Alameda-related addresses unstaked 11.5 million MATIC, valued at $9...
|  | Genesis Files $689 Million Lawsuit Against Gemini to Recover 'Preferenti...
Genesis Global Capital, a cryptocurrency lender, has filed a lawsuit against its former business partner, Gemini Trust, seeking the recovery of over $689 million.
The court filing, made late on Tuesday, alleges that Gemini engaged in 'preferential transfers' totaling approximately $689,302,000 from Genesis.
Genesis and Gemini Clash in Legal Battle
The lawsuit contends that these preferential transfers were made at the detriment of other creditors and urges the court to address and rectify this perceived unfairness.
The conflict between Genesis and Gemini has been characterized by public disputes and legal battles triggered by the collapse of FTX. Genesis filed for bankruptcy in January, followed by a lawsuit from Gemini against its parent company, Digital Currency Group (DCG), in July. DCG dismissed the lawsuit as 'defamatory' and a 'publicity stunt.'
In September, Genesis took legal action against its parent company, DCG, aiming to recover multiple loans totaling over $600 million. The tensions escalated in October when Gemini counter-sued Genesis over 60 million shares of the Grayscale Bitcoin Trust (GBTC), valued at approximately $1.6 billion.
The ongoing saga has not only involved legal disputes between Genesis and Gemini but has also drawn attention from U.S. authorities. In January, just days before Genesis filed for bankruptcy, the U.S. Securities and Exchange Commission (SEC) leveled allegations against Genesis and Gemini, accusing them of selling unregistered securit...
|  | Heco Bridge Breach Drains $86 Million — Justin Sun's HTX-Linked Ve...
Numerous sources have reported that the Heco Bridge, a cross-chain conduit linking Ethereum with the Heco blockchain, has suffered a security breach, resulting in a loss of $86 million. Subsequent to the heist, the stolen funds were redirected to various decentralized exchange (dex) platforms.Major $86 Million Theft Hits Heco Bridge
In a recent setback for a venture linked to Tron's creator, Justin Sun, it's estimated that $85 to $86 million has been drained from the Heco Bridge. Blockchain security firms Cyvers and Peckshield raised the alarm about this breach, stating, “Our initial analysis indicates the suspicious $86.6m outflow from Heco Chain bridge was from a compromised operator, which was operational since [October 8, 2022].”
In a strategic move in 2022, Sun combined HTX’s Heco Chain with the Tron and Bittorrent blockchains, aiming to foster a more integrated platform and promote cooperation between developers from Heco, Tron, and Bittorrent. Recently, Sun’s ventures have been recurrent targets of significant cyber attacks, including the HTX (formerly Huobi) hack, the Poloniex breach, and the latest Heco Chain incident.
Currently, the perpetrator’s wallet holds 30,949 ether, valued at $62.83 million, which is only a portion of the total stolen amount. As of 9:00 a.m. Eastern Time on November 22, 2023, there has been no update from Heco Chain’s X account regarding the situation. However, Sun has addressed the issue on social media, ...
|  | Mastercard and Feedzai Collaborate to Increase Crypto Fraud Protection f...
Mastercard is collaborating with Feedzai to 'increase crypto fraud protection for hundreds of millions of consumers.' In pairing the technologies offered by the two companies, 'Feedzai’s customers, who collectively protect over 900 million consumers globally, will now be able to identify and prevent transactions involving fraudulent crypto exchanges before they occur,' Mastercard explained.Mastercard Expanding Crypto Fraud Protection
Mastercard announced Monday that the company is collaborating with Feedzai, a leading provider of financial crime and risk management solutions, to 'increase crypto fraud protection for hundreds of millions of consumers.'
The payment giant detailed that Feedzai will 'leverage Mastercard’s Ciphertrace crypto intelligence solutions to reduce the risk of account-to-account fraud flowing into crypto exchanges.' This integration will involve integrating Mastercard's Ciphertrace Armada into Feedzai's Riskops platform, which analyzes transaction data totaling over $1.7 trillion annually. Riskops also offers a comprehensive suite of artificial intelligence (AI)-based solutions designed to stop fraud and financial crime at the source.
Noting that “Ciphertrace Armada allows banks, crypto exchanges, wallets, crypto ATMs, and other virtual asset service providers (VASPs) to better assess the fraud risk in digital asset transactions,” Mastercard described:
In pairing these technologies together, Feedzai’s customers, who collectiv...
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