Author: Kryptonews

Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday. Wilcke sent 1,500 Ether (ETH), worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900.Source: LookonchainMoving cryptocurrency to an exchange deposit address does not guarantee it is being sold. In August, Wilcke had deposited $9.22 million worth of ETH to Kraken. He had previously sent $262 million worth of ETH to Kraken. At the time, Lookonchain speculated that he likely…

Donald Trump dropped two major tariff bombshells Thursday, announcing that all branded or patented drugs shipped into the U.S. will be hit with a 100% tariff starting October 1, while imported heavy-duty trucks will face a 25% duty on the same day. The new moves were revealed by the White House via Trump’s posts on Truth Social and they’re aimed at forcing companies to build inside the U.S. or deal with costly consequences. But not every company is treated the same. The new drug tariffs won’t apply to pharmaceutical firms that are already building drug plants in America. If the…

Welcome to another comprehensive edition of the AltcoinInvestor Daily Digest, your trusted resource for news, insights, and updates from the cryptocurrency space. Our goal is to arm both new and experienced investors with the latest information to understand market dynamics, identify emerging opportunities, and make data-driven investment decisions in the ever-evolving world of altcoins and digital assets.Market RecapThis past week, the crypto market demonstrated a mix of volatility and stagnation, with significant divergence in the performance of major cryptocurrencies and altcoins. Bitcoin (BTC) remained range-bound, struggling to break through the $70,000 resistance level, while Ethereum (ETH) encountered similar friction just…

A submerged port discovered near a temple complex west of Alexandria, Egypt may be the key to finding Cleopatra’s lost tomb, according to archaeologists.  The port was found outside the ruins of the Taposiris Magna temple complex. In its prime, the complex and its surrounding town was a crucial hub for trade, with goods transported across the lake or ferried through via overland merchant routes bound for Alexandria. However, the true significance of the site may have only been recently guessed. In a landmark study spearheaded by  archaeologist Kathleen Martinez, working in partnership with oceanographer Bob Ballard—of the RMS Titanic…

The People’s Bank of China (PBOC) has established a new digital yuan operations center in the nation’s financial hub, Shanghai, in a move to foster the internationalisation of the yuan.State-run media Xinhua News Agency said Thursday that the establishment is among the eight new initiatives announced by the PBOC.As reported earlier, the central bank Governor Pan Gongsheng laid out an ambitious plan to create a multi-polar monetary system, where multiple currencies support the global economy. He also stressed the importance of advancing the yuan’s internationalization at the time.Digital Yuan Hub to Focus on Cross-Border Payment, Blockchain ServicePer the local news…

Taiko has introduced its new public testnet, Hoodi, which now serves as the primary developer environment. Summary The new testnet becomes the main environment as Hekla and Ethereum’s Holesky are deprecated. Hoodi adds preconfirmation support to improve transaction testing and simulate mainnet conditions. Developers must shift to Hoodi and withdraw assets from Hekla before Sept. 30 to avoid disruptions. Taiko has rolled out a new public testnet called Hoodi, which went live on Sept. 25. The launch marks a major step in the project’s roadmap as it becomes the primary testing environment for developers working on Taiko’s Ethereum-based rollup. At…

Key Highlights Aster DEX quickly announced a refund to cover losses from a technical error A technical error hit DEX that caused incorrect short liquidations on the XPL trading pair The problem was a funding rate miscalculation caused by a platform error Aster DEX has promised to fully repay traders who lost money due to a technical problem on its platform, which took place on Thursday. The issue caused a wave of automatic account closures for traders betting against a token called XPL. We are aware of abnormal price movements on the XPL perpetual trading pair. Rest assured, all user…

An ETH$3,947.99 trade on Hyperliquid turned out to be the biggest liquidation hit in the past 24 hours as crypto traders took on more than $1.19 billion in leveraged positions amid a market downturn.Longs made up nearly 90% of the overall wipeout, per CoinGlass, leaving over 260,000 traders losing money and exposing the market’s bullish overcrowding.Ether bore the brunt with $448 million in liquidations, followed by BTC$109,444.73 at $278 million. Solana’s SOL (SOL), XRP$2.7669, BNB Chain’s BNB (BNB) and DOGE$0.2271 all saw tens of millions flushed out.But the single largest trade closure came on Hyperliquid — a $29.1 million ETH-USD…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ark Invest, an American investment management firm, has recently shared a long-term forecast that envisions the Ethereum (ETH) price reaching the six-digit territory if the total crypto market capitalization surges to $25 trillion. Ark Invest also notes that Ethereum stands to be one of the biggest winners in this scenario, with XRP also set to capture significant value.  Ethereum’s Share Of The Projected $25 Trillion Market Lorenzo Valente, Director of Research at Ark Invest, explained in a video post on X social media that Ethereum currently accounts…

Crypto prices will likely be spurred by crypto market structure legislation, stablecoins and a flood of exchange-traded products (ETP) in the fourth quarter, analysts told Cointelegraph, after assets tied to digital treasuries dominated over the last quarter.In a report released on Thursday, crypto asset manager Grayscale’s research team said that crypto market structure legislation in the US, the CLARITY Act, represents “comprehensive financial services legislation,” and could be “a catalyst for deeper integration with the traditional financial services industry.”Meanwhile, the Securities and Exchange Commission’s approval of a generic listing standard for commodity-based ETPs could also spark inflows because it increases…