Inactive Bitcoin Whale from 2020 Market Crash Moves $378 Million

·1 views

A long-dormant Bitcoin investor, known as a whale, has transferred approximately $378 million worth of the cryptocurrency. This entity originally acquired the coins just days before the major market crash in March 2020. The whale then held onto the assets throughout the subsequent period of high volatility. The recent movement of these funds was recorded on the Bitcoin blockchain.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Tokenized chip stock bets see $800M liquidations amid sector sell-off

Approximately $800 million in leveraged trading positions were liquidated over a 24-hour period. The majority, 86%, of these wiped-out positions were bullish bets. A significant portion of the losses involved tokenized contracts tied to chip stocks, traded on cryptocurrency exchanges. The liquidations occurred amid a broader downturn in Asia's semiconductor sector.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Blur, formerly top Ethereum NFT marketplace, to shut down after trading volume collapse

Blur, once the largest marketplace for NFTs on the Ethereum blockchain, is closing its website on November 12. The shutdown follows a near-total collapse in its trading activity. Monthly volume has plummeted from a peak of approximately $1.43 billion in 2023 to less than $7 million. Its closure comes just days after its sister project, Blast, also announced it is shutting down.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin recovers above $83,000 amid decoupling from global market indicators

Bitcoin's price rebounded to surpass $83,000 after an initial decline. This move occurred independently of significant drops in South Korean semiconductor stocks and Nasdaq futures. The decoupling happened on Thursday, preceding the release of the U.S. Consumer Price Index report. Analysts observed this as Bitcoin moving separately from traditional risk assets. The specific market movements were noted ahead of key U.S. inflation data.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Palantir executive says Europe is lagging behind U.S. in AI adoption

A senior Palantir executive in Europe has stated that the region is falling behind the United States in adopting artificial intelligence for business use. The executive believes Europe is repeating the mistake it made by hesitating during the rise of the internet. He argued that the U.S. is currently advancing rapidly in enterprise AI while Europe delays. The official also addressed what he views as the reasons behind the intense political criticism his company faces.

0 comments Read more at CoinDesk