Coinbase Product Director Finds $320K Worth of Crypto for Unaware Owner
Coinbase product director Conor Grogan discovered over $320,000 worth of cryptocurrency for an individual who was unaware of its existence. Grogan explained that during the Ethereum blockchain fork in 2016, those with onchain funds would have been credited an equal amount of ETH for their ETC, but many were unaware of this.
Bankrupt Celsius Network Moves $70 Million Worth of Altcoins Following Court Approval for Sale in Bitcoin and Ethereum
Celsius Network, a bankrupt crypto lender, has moved around $70 million worth of altcoins to different wallets following court approval to sell them for Bitcoin and Ethereum.
Crypto Startup Axiom Launches Mainnet Alpha Mode for Smart Contracts with ZK Proofs to Detect Deepfakes
Axiom, a crypto startup, has launched its mainnet in alpha mode. The protocol allows developers to write smart contracts on Ethereum that can retrieve data from the blockchain network and perform intensive computations on it.
Pendle Expands to Binance Smart Chain to Capture New Users and Boost Revenues
Pendle, a platform for Ethereum and Arbitrum-based liquid staking derivatives (LSD), is expanding to the BNB Chain network to attract new users and generate revenue. Liquid staking is a rapidly growing sector in decentralized finance (DeFi) and the potential for LSD-based financial products is largely untapped. Pendle offers users yields in the form of tradable digital tokens, with some strategies providing up to 82% annualized yields on ether (ETH) and ether derivative tokens. The platform aims to establish the liquidity foundation for LSD in these ecosystems to allow other protocols to build on top. Despite a general bear market, Pendle's locked value of tokens has grown almost 300% since the beginning of the year.
Taiwanese Officials Targeted with Bitcoin and Ethereum Bribery Cases Ahead of 2024 Elections
Taiwan's justice ministry has warned that corruption cases involving Bitcoin (BTC) and Ethereum (ETH) are on the rise in the country. The ministry stated that cryptocurrencies are now being used as "election bribery tools" ahead of the general elections in January 2024.
Nansen: BAYC’s On-Chain Royalty Income Has Exceeded $58 Million, and Azuki’s Has Exceeded $43 Million
July 5 (Cointime) - According to Nansen’s NFT God Mode data, BAYC’s on-chain royalty income on Ethereum has exceeded $58 million, Otherdeed for Otherside has exceeded $52 million, Azuki has exceeded $43 million, and Pudgy Penguins has exceeded $7.2 million.
stETH's Popularity Rises as Supply on Exchanges Declines and Ethereum's Daily Chart Turns Red
July 5 (Cointime) - The popularity of stETH has been increasing, with more new addresses holding the token and its dominance in DeFi capital flows suggesting it has become a preferred collateral asset.
Ethereum vs NEAR Protocol: Contrasting Approaches to Blockchain Scalability
July 4 (Cointime) - Blockchain scalability is being tackled through two dominant approaches: Layer-2s and sharding. Ethereum is using rollup-centric L2s to scale its network, while NEAR protocol has opted for sharding. Both strategies have their unique solutions and challenges, with Ethereum prioritizing resilience and NEAR prioritizing a simplified user experience.
Institutional Investors Focus Strongly on Bitcoin as Cryptocurrency Surges to New Highs
July 4 (Cointime) - Institutional investors have been showing a strong interest in Bitcoin as it continues to surge and reach new price highs. According to CoinShares' Head of Research, Bitcoin-related products attracted $310.6 million in inflows over the past two weeks, marking a notable shift from the previous nine consecutive weeks of outflows.
Canadian Teens Charged with Stealing $4.2M in Bitcoin and Ethereum Through Spear Phishing Attack on Coinbase User
July 4 (Cointime) - Two Canadian teenagers have been arrested and charged with stealing $4.2 million worth of Bitcoin and Ethereum by posing as Coinbase support and gaining unauthorized access to a victim's exchange account. The teenagers reportedly had control over a total of $13.4 million in cryptocurrency.
Ethereum Whales Double Their Transactions in Two Days, Moving Almost $20 Billion in a Week
July 4 (Cointime) - Large holders of Ethereum, known as "whales," have been increasing their transaction activity on the blockchain, with transactions carrying at least $100,000 on the rise.
Crypto Analyst Predicts Solana Could Follow Ethereum's Parabolic Price Pattern
July 4 (Cointime) - According to a popular anonymous crypto trader, Solana (SOL) may follow the same price pattern as Ethereum (ETH) did in 2020-21. The trader suggests that Solana's price action is similar to ETH before it surged from $400 to nearly $5,000 in a matter of months.
Kava 14 Opens Native Cosmos Assets to Ethereum with Internal Bridge Upgrade
Kava 14 has launched an internal bridge upgrade, making roundtrip Cosmos to Ethereum asset conversion more seamless and secure. The upgrade gives Cosmos users and EVM dApp builders a better, more secure way to transfer native Cosmos assets to and from Kava EVM. By integrating the internal bridge at the blockchain and wallet levels, Kava offers a more seamless user experience.
Major Investors Make Substantial Investments in Ethereum and Bitcoin Options Contracts, Sparking Optimism for Second Half of Year
July 4 (Cointime) - Major investors, known as "whales," have made significant investments in options contracts for Ethereum and Bitcoin, leading to abnormal activity in the crypto space.
Ethereum Community Members Propose new Standard to mitigate DeFi Hacks
July 4 (Cointime) -According to The Block, members of the Ethereum community have proposed a new ERC-7265 standard to improve the security of DeFi protocols. The proposed ERC-7265 standard will enable a "Circuit Breaker" that allows DeFi protocols to easily add backup plans to their smart contracts and prevent tokens from leaving the contract in the event of a hack. As the ERC-7265 standard is a proposed standard, it remains to be seen whether the Ethereum core team will accept and implement it as the final standard.
South Korean Crypto Exchange Upbit Has Opened Ethereum-Based NFT Deposit, Withdrawal and Trading Functions
July 4 (Cointime) -South Korean encryption exchange Upbit has opened the NFT deposit, withdrawal and trading functions based on Ethereum.
Bitcoin Dominates Institutional Investor Focus With $310.6M Inflows Over Past Two Weeks
July 4 (Cointime) - According to CoinShares, institutional investors have been primarily focused on Bitcoin over the past two weeks, with $310.6 million of inflows into Bitcoin-related products. This represents 98% of all digital asset flows, and is a reversal from the previous nine weeks of outflows.
Ethereum Sets Sights on $2,000 Level Despite SEC Setback
July 3 (Cointime) - Last week, the crypto market was affected by the SEC's announcement that it found the Bitcoin Spot ETF filings of BlackRock and Fidelity, among others, inadequate. This caused a decline in cryptocurrency prices. However, Ethereum has since recovered and is now aiming for the $2,000 level, with positive sentiment returning to the digital asset.
Bitcoin Jumps Back Above $31,000 as Institutional Investors Continue to Plug Money into Digital Asset Products
July 4 (Cointime) - Bitcoin's price has risen above $31,000 for the second time in a week, with a 1.8% increase in the past 24 hours. The asset has gained 2% in the past seven days and 17% in the past 14 days.
CoinMarketCap Ranking Shows Most Coins Returning to Bullish Trend
July 4 (Cointime) - Most major cryptocurrencies are experiencing a bullish trend, as reported by CoinMarketCap. Bitcoin has seen a slight increase in value, but remains in the middle of its trading channel. Ethereum has outperformed Bitcoin, with its value rising after breaking through the $1,927 level. XRP has not seen the same increase as other coins, and is expected to continue trading sideways for the foreseeable future.