News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Standard Chartered analysts shared their expectations for the FED chairman's speech tomorrow in their new report.
Ahead of a crucial bankruptcy hearing, FTX's reorganization plan receives 95% approval from creditors, resolving issues with asset value and taxable events.
Kansas City FED President Jeffrey Schmid, who was appointed as a FED member and is known for his hawkish stance, spoke about interest rate cuts.
Quick Take Digital Currency Group has fully repaid its short-term debts as of June, the company announced in a quarterly shareholder letter this week. Its only remaining debt is a $1.1 billion promissory note due to its bankrupt crypto-lending unit Genesis in eight years.
- 10:53A whale transfers 7,665 ETH and 2.17 million ENA to CEX, with ETH incurring a floating loss of $8.84 millionAccording to Odaily Planet Daily, monitored by OnchainLens, the address today unstaked the last 7,665 ETH (approximately $18.3 million) from StakeStone and transferred it to a CEX, with the current investment incurring a floating loss of about $8.84 million.Four months ago, this address withdrew 15,332.7 ETH (approximately $51.7 million) from a CEX. Additionally, the address also unstaked and transferred 2.17 million ENA (approximately $821,000) to a CEX.
- 10:52CryptoQuant CEO: Strategy Buys Faster Than Bitcoin Mining Speed and Gains Deflationary AdvantageOn May 10, CryptoQuant founder and CEO Ki Young Ju posted on the X platform stating that Bitcoin is deflationary, and Strategy (formerly MicroStrategy) is purchasing Bitcoin at a pace faster than Bitcoin mining. They hold approximately 555,000 Bitcoins, which are in a non-liquid state with no plans to sell. This means that Strategy's Bitcoin holdings can achieve a -2.23% annual deflation rate, and the deflation rate for Bitcoin held by other stable institutional holders may be even higher.
- 10:52A whale unstakes 7,665 ETH from StakeStone and transfers to CEX, potentially facing an $8.84 million lossAccording to a report by Jinse Finance, monitored by Onchain Lens, a certain whale unstaked 7,665 ETH from StakeStone and transferred it to a CEX, potentially facing a loss of $8.84 million. Four months ago, this whale withdrew 15,332.7 ETH from Binance, valued at $51.7 million. Additionally, the whale also unstaked 2.17 million ENA and sent these tokens to a CEX.