Ethereum wallet thought to belong to Su Zhu moves nearly $30k

A wallet allegedly belonging to Three Arrows Capital (3AC) co-founder Su Zhu has moved funds for the first time since his arrest months ago.  Etherscan records displayed several incoming and outgoing ERC-20 token transactions to and from an address labeled suzhu.eth on Nov. 29.  One outgoing transaction involved 3.75 million Gearbox (GEAR) tokens worth under $30,000. Suzhu.eth moved those funds into a decentralized exchange called CoW Protocol just minutes after it received those same tokens.  In another outgoing transaction, suzhu.eth moved 1 billion of an ERC-20 token named SUZHU into Uniswap V2. Though the SUZHU token has zero value based on Etherscan data, Uniswap data reported $6,274 in volume for the ETH-SUZHU pair over the 24-hour period ending at 11:00 PM UTC on Nov. 29.  Several other incoming transactions also originated largely but not entirely from Uniswap. Unlike the outgoing transactions, those incoming transactions would not have required authorized access to Su Zhus wallet.  No other outgoing funds since arrest  Until now, the most recent outgoing transactions involving Su Zhus wallet took place on or before Sept. 21, days prior to his arrest on Sept. 29 in Singapore.  At that time, Su Zhu was sentenced to four months in prison. It does not appear that Su Zhu

2023-11-30Ethereum

ETH hanggang $3,000? Narito ang Iminumungkahi ng Teknikal na Outlook

Balita ng Ethereum ng Bitcoin  ETH may break out of its tight trading range if the coin price hits $2,200.  The 50 EMA had crossed over the 200 EMA, suggesting a bullish breakout in the mid to long-term.  If ETH fails to flip the $2,042 resistance, the price may drop to $1,994.  Crypto analyst Altcoin Sherpa told his 198,900 X followers that the price of Ethereum (ETH) would reach $3,000 in the next few months. Sherpa, who sounded confident of his prediction, referred to ETHs historical price action.  In backing up his point, the analyst noted that the ETH price has not closed above $2,200 in about a year and a half. He added that this altcoins inability to hit the said value would be the reason leading to the projected breakout.  $ ETH: This one is so obvious to me. It‘s going to go to $3000+ within the next few months and there’s nothing you can do about it. No 1W close above this $2200 level in 1.5 years, ofc its going to break it given the landscape. #Ethereum $ eth:这对我来说是显而易见的。在接下来的几个月内,它的价格将达到 3000 美元以上,而你对此无能为力。 1.5 年内没有 1w 收盘价高于 2200 美元的水平,考虑到目前的形势,它将会突破这一水平。 #以太坊 pic.twitter.com/lnhayj5ukj  - Altcoin Sherpa (@AltcoinSherpa) Nobyembre 29, 2023  ETH Forms a Golden Cross   At press time, ETHs

2023-11-30Ethereum

Machine learning algorithm predicts Ethereum price for Xmas day

With Christmas on the horizon, astute investors redirect their focus to the cryptocurrency market to pursue opportunities that promise substantial returns. Among the notable cryptocurrencies, Ethereum (ETH) emerges as a top contender for holiday investments.  Why is this the case? ETH offers a distinctive combination of popularity and potential, making it particularly enticing during the festive season.  Given these dynamics, Finbold has leveraged for its AI advanced machine learning algorithms. These algorithms meticulously assess the ever-changing market conditions and analyze relevant indicators to estimate the likelihood of Ethereum experiencing gains by Christmas day.  ETH price prediction for December 25th. Source: PricePredictions  The algorithms project that ETH will increase to $2,040 by the end of the month, representing a 0.54% increase from the current asset price at the time of publication.  The computation is based on a broad range of technical indicators, encompassing moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and various others.  Pagsusuri ng presyo ng Ethereum  The Ethereum price has been undergoing a consolidative trend spanning several months, forming an ascending triangle setup. While this technical pattern is inherently bullish, confirmation only comes with a successful breakout. Up until now, ETH has yet to demonstrate any clear breakouts.  The ascending triangle configuration

2023-11-30Ethereum

BTC, ETH, LUNC, STX, AVAX

Ethereum (ETH) has also started on bear activity, as the Ethereum price stood at $2027 after recording a daily decrease of 1.5%, and a weekly rise now stands at 1.96%. ETHs trade volume dropped by 7.7% during the same period, presently at $9B.  The Bollinger bands are close, showing low volatility levels on the Ethereum price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ethereum price.  ETH 1-araw na chart | Pinagmulan: TradingViewPagsusuri ng presyo ng Terra Classic  Terra Classic (LUNC) has also started on bear activity, as the LUNC price stood at $0.0001161 after recording a daily decrease of 4.8%, and a weekly rise now stands at 56%. LUNCs trade volume dropped by 31% during the same period, presently at $222M.  The Bollinger bands are diverging, showing high volatility levels on the Terra Classic price as the Relative Strength Index (RSI) is above the average line in the overbought region, showing bull activity on the LUNC price despite the drop.  LUNC 1-day chart | Source: TradingViewStacks pagtatasa ng presyo  Stacks (STX) has also started on bear activity, as the Stacks price stood at $0.69 after recording a daily decrease of 9.7%, and a weekly rise now stands

2023-11-30Ethereum

Ethereum Price Rally sa Panganib? Mga Pangunahing Suporta Para Mag-ingat sa Panandaliang Panahon

Balita ng Ethereum ng Bitcoin  Ethereum is still struggling to climb above the $2,075 and $2,080 resistance levels.  Ang presyo ay kinakalakal sa ibaba $2,050 at ang 100-oras na Simple Moving Average.  Mayroong pahinga sa ibaba ng isang pangunahing linya ng trend ng trend na may suporta sa $ 2,040 sa oras-oras na tsart ng ETH USD (feed ng data sa pamamagitan ng Kraken).  The pair could gain bullish momentum if it clears the 100-hourly Simple Moving Average and then $2,075.  Mga Kita ng Trims ng Presyo ng Ethereum  Ethereum price struggled to clear the $2,075 resistance zone. The bears took control and pushed ETH below the $2,050 level. However, Bitcoin managed to stay above the $37,550 support zone.  ETH traded below the 50% Fib retracement level of the upward move from the $1,986 swing low to the $2,076 high. Besides, there was a break below a key bullish trend line with support at $2,040 on the hourly chart of ETH/USD.  Ethereum is now trading below $2,050 and the 100-hourly Simple Moving Average. It is now consolidating above the $2,020 support zone. On the upside, the price is facing resistance near the $2,00 zone and the 100-hourly Simple Moving Average.  Ang unang pangunahing pagtutol ay malapit sa antas na

2023-11-30Ethereum

Hinulaan ng Analyst ang Ethereum na Paakyat sa $28,000 Itinulak ng Pag-apruba ng ETF

Balita ng Ethereum ng Bitcoin  A crypto analyst said Blackrock Ethereum ETF approval could drive the digital assets price up.   Arnold stated that Ethereum could peak at $28K if it replicates previous bull cycles.  The analyst noted that ETHs price isnt going to pump as fast or as high as in previous years.  Blackrock‘s Ethereum spot exchange-traded-fund filing continues to drive excitement through the crypto community as investors expect the move to push the digital asset’s price up.  In a recent video, Aaron Arnold, the host of the crypto channel Altcoin Daily, noted these bullish potentials. According to the analyst, Blackrock‘s ETF approval will be the demand shock that drives Ethereum’s prices up.  The analyst continued that if the worlds second-largest cryptocurrency network by market cap increased by the same percentage it did in the previous bull cycle, then prices could go as high as $42,000. However, the analyst remarked that such a cycle may be the last of the great crypto bull runs.  However, Arnold stated that the $42,000 prediction might be a far shot, predicting instead a rise to $28,000. In reaching this conclusion, the analyst mentioned that there is a considerable diminishing return on the asset. As a result, he noted that Ethereum‘s

2023-11-30Ethereum

Inaayos ng BlackRock ang iminungkahing istraktura ng Bitcoin ETF para mapawi ang mga alalahanin ng SEC

Bitcoin  Inaayos ng BlackRock ang iminungkahing istraktura ng Bitcoin ETF para mapawi ang mga alalahanin ng SEC  Balita ng Ethereum ng Bitcoin  BlackRock has submitted revisions to its spot Bitcoin ETF application to the SEC in an attempt to allay the regulator‘s concerns over market manipulation and broker-dealer registrations, according to meeting minutes between the asset manager and the SEC’s Division of Trading and Markets dated Nov. 28, 2023.  BlackRocks proposed solution modifies the current in-kind redemption model that would have the offshore market maker entity prepay cash to the registered broker-dealer entity prior to the delivery of ETF shares during the redemption process. This “prepaid model” aims to isolate the broker-dealer on its balance sheet from risks associated with transferring Bitcoin to the market maker.  Additionally, BlackRock argues that retaining an in-kind structure, even with alterations, provides benefits over shifting to a cash redemption method, including lower transaction costs, simpler operations, and resistance against manipulation schemes. The asset manager believes addressing the balance sheet and broker-dealer registration dependencies directly through adjusted timing and custody transfers allows the Bitcoin ETF application to clear regulatory procedures while optimizing shareholder incentives.  Whether the updates provide sufficient guardrails to offset SEC unease regarding spot Bitcoin exposure for retail investors

2023-11-30Bitcoin

Ethereum turns deflationary as validators exit and defi transactions drop 57%

Ethereums supply turns deflationary amid a decrease in validator participation and declining NFT and defi transactions.  The recent dynamics of Ethereums blockchain network signal a significant shift towards deflation, according to data from Glassnode. This is driven by a combination of reduced validator participation and increased network activity. A notable increase in validators exiting the Ethereum staking pool since October has contributed to a slowdown in the growth rate of ETH issuance. This trend correlates with the broader bullish sentiment across digital asset markets.  The growth rate of the #Ethereum validator set has slowed in recent weeks as an increasing number of validators voluntarily exit, slowing the rate of ETH issuance.  Alongside increasing ETH burnt via EIP1559 due to growing network activity, the ETH supply has turned…  - Salamin (@glassnode) Nobyembre 28, 2023  The decreased validator participation leads to reduced ETH issuance, which, when combined with heightened network activity, results in increased ETH burn via EIP1559 . Concurrently, a decline in NFT and defi transactions has been observed, with decreases of 3% and 57%, respectively, over the past four months.  In contrast, token transfers and stablecoins have seen a surge, with gas usage for tokens rising by 8.2% and stablecoin gas usage increasing by 19%. This

2023-11-30Ethereum

Giant Bitcoin Whale Alert: Nakaipon Ito ng Libo-libong BTC Kamakailan? Sino ang Nasa Likod Nito?

Bitcoin  Giant Bitcoin Whale Alert: Nakaipon Ito ng Libo-libong BTC Kamakailan? Sino ang Nasa Likod Nito?  Balita ng Ethereum ng Bitcoin  An anonymous cryptocurrency whale has accumulated 11,268 Bitcoins worth a total of $424 million in the last three weeks alone.  Purchases, including 875 BTC purchases made today, have sparked speculation in the cryptocurrency community about the identity of the mysterious whale.  According to data provided by Bitinfocharts, the whale in question has become the 74th largest Bitcoin owner with his latest purchases. All BTCs were purchased when the price was between $36,000 and $38,000. At current prices, the mysterious whale has an unrealized profit of approximately $9.8 million.  The cryptocurrency community on social media continues to debate the identity of the mysterious whale. Some community members claim that the giant whale belongs to one of the companies of the US asset management giant that has applied for Bitcoin Spot ETF. However, there is no clear information on this subject yet.  If the Bitcoin Spot ETF is approved, asset managers will be required to own and store large amounts of Bitcoin. This is different from futures ETFs, where holding buying and selling contracts representing the underlying asset is sufficient.

2023-11-30Bitcoin

Hinaharap ng Bitcoin Exchange Binance ang mga Bagong Hamon sa Paglulunsad ng Bagong Exchange sa Thailand!

Bitcoin  Hinaharap ng Bitcoin Exchange Binance ang mga Bagong Hamon sa Paglulunsad ng Bagong Exchange sa Thailand!  Balita ng Ethereum ng Bitcoin  Binance is encountering new challenges in its efforts to launch operations in Thailand through a joint venture with Sarath Ratanavadis Gulf Energy Development.  This comes after Binance and its CEO Changpeng Zhao received a guilty plea and a $4.3 billion fine for money laundering (AML) law and sanction violations.  While Gulf Energy holds a 51% stake in the planned crypto exchange, Binance has a minority share. Experts believe that Binances agreement will not impact the plan.  The worlds largest cryptocurrency exchange, Binance, is facing new challenges as it prepares to launch a new exchange in Thailand!  Binance Faces New Challenges in Thailand  The world‘s largest cryptocurrency exchange, Binance, is encountering new challenges in its efforts to launch operations in Thailand through a joint venture with Sarath Ratanavadi’s Gulf Energy Development. Binance‘s $4.3 billion deal with U.S. authorities and the resignation of CEO Changpeng ’CZ Zhao due to money laundering and sanction violations have affected its plans.  Binance Holdings‘ attempt to launch a crypto exchange in Thailand is facing regulatory challenges with the joint venture with Sarath Ratanavadi’s Gulf Energy Development, according to Bloomberg. This comes after Binance

2023-11-30Bitcoin
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