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ETH Price at Risk? Ethereum Co-Founder Moves $72.5M of Tokens
The recent upside momentum in Ethereum (ETH) has gained significant attention from crypto enthusiasts. Amid this rally, today, November 28, 2024, Ethereum co-founder Jeffrey Wilcke was found dumping a significant amount of ETH on a cryptocurrency exchange. Ethereum Co-Founder Dumps $72.5 Million of ETH According to blockchain intelligence firm Arkham, Wilcke dumped 20,000 ETH worth $72.50 million to Kraken. This significant transaction was spotted just before the opening bell of the US market. Despite this substantial sell-off, the co-founder still holds a massive 106,000 ETH worth $384 million, as reported by Arkham. Source: X (Previously Twitter) Whales and Traders’ Recent...
Ethereum’s Silent Build-Up: A Catalyst for the Next Bull Run?
You are here: Home / News / Ethereum’s Silent Build-Up: A Catalyst for the Next Bull Run? Despite Ethereum’s muted price action, on-chain analysis suggests a potential breakout soon. Rising ETH ETF inflows and increased open interest indicate growing investor confidence in Ethereum. Ethereum’s lower exchange supply, record staking rates, and significant supply shock position it for potential price appreciation. Amidst a broader market-wide rally, Ethereum’s performance has been lackluster, leaving many holders disappointed. However, a recent analysis of on-chain data suggests a potential breakout for ETH in the near term. Market experts highlight key indicators suggesting an imminent price...
Tigran Gambaryan Walks Free After Nigerian Charges Dropped
By Mark Hunter 1 month agoThu Oct 24 2024 07:48:28 Reading Time: 2 minutes Nigeria’s anti-corruption agency has dropped money laundering charges against Binance executive Tigran Gambaryan Gambaryan, the company’s compliance head, was accused of laundering $35.4 million through the crypto platform but denied the allegations Gambaryan will now leave the country to seek medical help abroad, although the tax evasion charges against the company still stand Nigeria’s Economic and Financial Crimes Commission (EFCC) has dropped charges against Tigran Gambaryan, the Binance executive facing money laundering allegations . Gambaryan, arrested in February during a business trip, was in charge of...