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Bitcoin Euphoria Takes Hold: What’s Next For BTC?
Bitcoin ($BTC) is officially in its euphoric phase, with 99.3% of UTXOs currently in profit. This optimism has sparked widespread happiness among holders, as such phases historically last 3–12 months—though exceptions like the bull trap of November 2021 serve as cautionary tales. This phase began just two weeks ago, and the market now faces a critical juncture. Shorting at this stage could either mark a smart call at the top or a costly move during the peak of a parabolic bull run. Large Bitcoin wallets have seen minimal net outflows throughout the year, with significant holders continuing to accumulate, even...
Eigen Foundation Unlocks EIGEN Token with $6.7 Billion Valuation
EIGEN token unlocking soon, ready for trading on major exchanges like Bitfinex and Binance. EigenLayer’s TVL exceeds U$20 billion after raising US$170 million in venture funding. Initial EIGEN supply is 1.67 billion tokens, with future increases, trading at US$4.00 on Aevo. The EIGEN token unlocking is mere hours away. By the time you read this, the Ethereum restaking protocol EigenLayer will be ready (or close) to trade on major exchanges. Both Bitfinex and Binance announced they would be among the first to list EIGEN – with the latter offering trading pairs such as Bitcoin and Tether. EigenLayer TVL Pushes Past...
Animoca Brands Withdraws $4.95 Million In $SAND From Binance Amid Market Fluctuations
Animoca Brands, the developer behind The Sandbox, has recently withdrawn $20 million worth of $SAND tokens from Binance, amounting to approximately $4.95 million. This transaction occurred in two separate batches, with the first withdrawal taking place around 17 hours ago. Subsequently, the tokens were transferred to a new address, 0x3Ac…a9192, five hours later. This address now holds a total of 25 million $SAND tokens, valued at about $6.16 million. However, it’s important to note that $SAND has experienced a 14% decline in value over the past week. 10 Million $SAND Withdrawn In a related development, Amber Group made headlines two...
