A major transfer of Ethereum has moved to the Japanese crypto exchange Bitpoint, drawing attention from traders and analysts. Arkham Intelligence reported that an anonymous wallet starting with 0x3B56 sent 1,834 ETH to a Bitpoint deposit address on Monday at 12:51 UTC. The amount is worth about $5.38 million at current prices. Bitpoint, which is regulated by Japan’s Financial Services Agency, has not commented on the deposit. Large transfers to exchanges can signal institutional activity or preparations for trading, but the purpose of this transfer is still unknown. The movement comes as Ethereum trades near $2,930 and shows steady performance…
Author: Sazid Kabir
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A security expert has warned that up to 20% of crypto companies may unknowingly employ North Korean workers. Pablo Sabbatella, founder of the web3 audit firm Opsek, made the claim during an event at Devconnect in Buenos Aires. Sabbatella said hiring data shows a large infiltration effort. He estimates that 30% to 40% of job applications sent to crypto companies come from North Korean operatives trying to gain access to internal systems. Because sanctions prevent them from using their real identities, North Korean groups recruit people in countries such as Ukraine and the Philippines to act as “front workers.” These…
Bitwise Chief Investment Officer Matt Hougan says Ethereum could lead the next major crypto rally, citing an upcoming upgrade that he believes the market is overlooking. The Fusaka upgrade, scheduled for December 3, is expected to significantly increase Ethereum’s ability to capture revenue from Layer 2 networks. Hougan says Fusaka could boost Ethereum’s revenue capture by five to ten times by introducing a minimum fee for Layer 2 data storage. He argues the upgrade marks a broader shift in the crypto sector, with major tokens moving toward stronger economic value for holders. The Fusaka hard fork will activate on December…
Chainlink’s price has fallen for four straight weeks and has reached a key support level near $12, its lowest point since June. The token is now down about 55% from its yearly high. The drop comes despite positive on-chain data. Exchange balances for LINK have fallen from 300 million tokens last month to 213 million, according to Nansen. Lower exchange supply usually signals that investors are holding their tokens rather than selling. Chainlink’s reserves have also increased. The project added over 81,000 tokens to its strategic reserves on November 20, bringing the total to about 884,000 LINK. These reserves come…
Dogecoin’s price has continued to fall ahead of the launch of the GDOG ETF on Monday. The token has dropped for four straight weeks and is now at its lowest level since April. It has fallen more than 70% from its December high. Grayscale will introduce the GDOG ETF this week, with more Dogecoin ETFs from other issuers expected soon. These products will give U.S. investors a way to gain exposure to Dogecoin without holding the token directly. However, demand for similar ETFs has been weak. The REX-Osprey DOGE ETF, launched in September, has only $24 million in assets. Litecoin’s…
Solana’s price is hovering near $130 after a week of sharp volatility, as traders watch a looming “death cross” that could signal further losses. The cryptocurrency is testing a key support zone between $121 and $123, raising questions about whether the level can hold. The death cross — when the 50-day moving average falls below the 200-day moving average — is approaching for the first time since early 2023. This pattern is often viewed as a sign of extended downward pressure, prompting caution among investors. Solana has been trading inside a descending price channel for months, with consistent lower highs…
The cryptocurrency market rose on Sunday (23 November), supported by dip-buying, rising futures activity and an increase in stablecoins flowing back to exchanges. Bitcoin climbed to $86,000, recovering nearly 8% from its lowest point this year. Major altcoins including Zcash, Cronos, Monero and Aerodrome Finance gained more than 10% over the past 24 hours. According to CoinMarketCap, the total crypto market value grew by almost 3% to $2.9 trillion. Dip-buying supports the rebound Analysts say one key reason for the rise is that investors are buying the recent market dip. Many cryptocurrencies fell by double digits in previous weeks, pushing…
A major DeFi trader has taken a heavy loss after selling more than 700 Wrapped Bitcoin (WBTC) during a sharp market downturn. According to on-chain tracking firm Lookonchain, the wallet — identified as 0x3E38 — sold 700.2 WBTC for about $59.95 million over the past two days, locking in an estimated loss of $21.7 million. The trader accumulated the WBTC between May and late July at an average price of roughly $116,600, when the holdings were valued at more than $81 million. With Bitcoin now trading near $84,200, the position became unsustainable, prompting a large sell-off across decentralized exchanges. The…
Global markets ended a volatile week on a slightly positive note Friday, but investors remain cautious as mixed economic data, geopolitical concerns, and sector pressures continue to influence trading. U.S. stocks posted modest gains in the final session, with the S&P 500 rising 0.98% to 6,602.99 and the Nasdaq Composite up 0.9% to 22,273.08. However, weekly performance was muted: the S&P 500 and Dow Jones closed only marginally higher, while the Nasdaq slipped slightly. Cryptocurrency markets saw sharper losses. Bitcoin fell about 9% from its mid-week peak near $95,500 to around $86,650 on Friday, with prices dipping further to roughly…
A senior executive at MicroStrategy has sold nearly 58,000 company shares in the past 10 days, raising about $13 million during a period of sharp movement in both the stock and Bitcoin markets. According to recent disclosures, Wei-Ming Shao, the company’s Senior Executive Vice President and General Counsel, sold the shares at an average price of $222 each. The transactions took place between November 12 and 21, with filings showing several separate sales. Earlier this week, Shao sold 8,856 shares for around $1.79 million, followed by additional sales worth more than $1 million. After these disposals, he now holds 32,726…