I run metamask on a computer, and I recently bought a second computer. To use the same metamask wallet on this computer, I would need to type my seed phrase into metamask. But, this second computer is refurbished. It came from a reputable company with a fresh Windows installation, but I'm still a little worried…
Read more
Data shows the Ethereum whales and sharks have continued to fill up their bags recently, a sign that may prove to be bullish for the price of the crypto. Ethereum Whales And Sharks Bought 561k ETH In A Single Day As per data from analytics firm Santiment, ETH whale and shark addresses are accumulating back towards pre-Merge levels. The relevant indicator here is the “ETH supply distribution,” which tells us which wallet groups are currently holding what percentage of the total Ethereum supply. Wallet addresses are divided into these groups based on the total number of coins that they are holding currently. For example, the 1-10 coins group includes all addresses that are carrying between 1 and 10 ETH right now. Related Reading: Bitcoin Holders Show Rapid New Accumulation For First Time This Bear, Bottom Signal? In the current discussion, the holders of interest are those with at least 100 ETH and at most 1 million ETH in their balances. Here is a chart that shows the trend in the combined Ethereum supply distribution for all the wallet groups falling into this range: The value of the metric seems to have shown some sharp uptrend in recent days | Source: Santiment As you can see in the above graph, the percentage of the Ethereum supply held by wallets in the 100-1m coins range has observed rapid growth recently. Between the 5th and the 6th of this month alone, the indicator saw its value go up by 561k ETH. The holder cohorts with wallet balances lying in the range are sharks and whales. Movements from these investors (especially the whales) can have noticeable impacts on the market. Related Reading: Bitcoin Miners Feel The Heat, More Selling Pressure Might Be Imminent The latest uptrend suggests that these groups have been filling up their bags with more Ethereum recently. Such an accumulation implies the ETH whales and sharks are bullish on the crypto right now. Earlier in the year, these humongous investors accumulated during the Merge hype, and subsequently dumped the crypto in a sell-the-news event as soon as the actual PoS transition took place (which can be seen by the sharp plunge in the chart). After the recent accumulation, the whale and shark holdings have now returned close to the levels they were before the Merge leadup. ETH Price At the time of writing, Ethereum’s price floats around $1.2k, down 1% in the last week. Over the past month, the crypto has lost 21% in value. The below chart shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has struggled in the last few days | Source: ETHUSD on TradingView Featured image from Todd Cravens on Unsplash.com, charts from TradingView.com, Santiment.net
Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
Read more
Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin’s 2008 white paper.
The Securities and Exchange Commission corporate finance division reminded companies of what they are required to disclose and provided guidance to what else they want to know.
submitted by /u/Infinitepaps [link] [comments]
What happens if ETH is labeled a security? How likely is it to happen? SEC and members of congress believe its a Security. Will Eth die if that happens? submitted by /u/sirauron14 [link] [comments]
Someone came to me today and asked me about the Amazon Token. I asked him where he has heard such a thing and he found it in the comments of different crypto youtubers, and he gave me this website. https://wnamazon.com/?amzpresale It just looked weird, so I looked on whois and obviously, it is not a…
Read more
Bitcoin and crypto market twist has brought unexpected changes to almost all assets. Prices have been declining with little or no hope for a reversal. The FTX exchange fiasco intensified the performance as several losses have been recorded in the entire crypto space. Following the events, the price of Bitcoin dipped below its critical resistance level of $20K. Since then, the primary cryptocurrency has plummeted as the value slipped toward the $17K region. Related Reading: Data Suggests Ethereum Layer-2 Tokens May Experience Explosive Upside Over the past 24 hours, BTC could not make any significant positive movement. Hence, the token has resolved to consolidate around the $17K level. But many doubts are brewing if a storm could follow this new calmness in the future. Bitcoin Calms Around $17K Bitcoin has failed to trigger enough volatility that could push the price higher. The cryptocurrency has stalled around the $17K level during some trading hours. As of yesterday, BTC managed to hit up to $17,424. But the surge couldn’t last long as the bears suddenly took over. According to data from Binance, the primary crypto dropped to an intraday low of $16,867. However, the coin is gradually climbing upward. At the press time, Bitcoin is trading at around $16,835, indicating a drop. It boasts a market cap of about $326.81 billion, and its dominance over the altcoin is at 38.33%. Over the years, several interpretations for prolonged periods of reduced volatility have been given. One such is that it stands as a precursor toward a massive surge. Hence, the speculation on Bitcoin’s current consolidation could represent the calm before the storm. Altcoins In Red Zone The crypto market has experienced an overall drop as prices keep dropping. With the strong presence of the bears, the altcoins have painted the market red. This declining trend has cut down the overall market cap more. At the time of writing, the cumulative market cap sits at $853.33 billion. It shows a drop of about 1.39% over the past 24 hours. The performance of the altcoin has not been impressive. Most recorded a decline between 2% and 6% over the last day. The worse performers over the past day are BTSE Token and GMX. While the former dipped by 8.3%, the latter plummeted by over 7.2 % within 24 hours. Other losers include ETH with a 3.41% drop, DOGE dipped by 6.47%, XRP by 2,57%, BNB by 2.38%, MATIC by 3.17%, ADA by 3.11%, and others. However, the market saw just a few exceptions to the southward move. The best performers are Axie Infinity’s AXS and Synthetix Network’s SNX. While AXS surged by 4.4%, SNX recorded an increase of 5.4% in the last 24 hours. Featured image from Pixabay, chart from TradingView.com
On Wednesday, non-fungible token (NFT) supporters discovered that NFT metadata hosted on the platform FTX US points to broken metadata, and the links now point to FTX’s restructuring website. Specific collections that were minted on the Solana blockchain via the FTX US NFT platform do not show the NFT’s imagery and marketplace listings on the […]
