NFT Sales Reach $95.42M, Ethereum Leads Amid Declining Market Participation
NFT sales rose 6.29% to $95.42M, led by Ethereum with $32.46M, while Bitcoin-based NFTs fell 10.03%. Non-fungible token (NFT) sales increased by 6.29% from the previous week between August 3 and August 10, 2024, reaching a total of $95.42 million. Nevertheless, the NFT market experienced a significant decrease in the number of participants, with purchasers […]
NY Fed Says Tornado Cash Sanctions Effective, Eth As Weak
Cooperation with the US Treasury sanctions on Tornado Cash was most effective at the user level and less effective as it moved through the settlement chain. Tornado Cash , the crypto aggregator blocklisted by the United States Treasury Department in 2022, has been the subject of a report by the Federal Reserve Bank of New […]
Justin Sun Buys Tens of Millions in Ethereum During Market Dip
Justin Sun bought nearly 15,000 ETH for $36 million, increasing his total holdings to about 392,474 ETH despite recent price drops. In a recent transaction, Justin Sun, the founder of Tron, acquired nearly 15,000 ETH, a substantial increase in his Ethereum holdings. Spot On Chain, a blockchain analytics firm, has reported that Sun has invested […]
Ronin Network Recovers $10M ETH, USDC Still in Progress
Ethical hackers has helped recover the stolen ETH and Ronin network expects to retrieve the US dollar-tethered stablecoin USDC soon. A recent security compromise resulted in the theft of around ten million dollars’ worth of Ethereum (ETH), yet the Ronin Network was successful in recovering the stolen cryptocurrency. Ronin Network Recovers $10M ETH Currently, the […]
Crypto Hackers Use Stolen Funds to Buy Ethereum Dip
Hackers leverage stolen funds from the 2022 Nomad bridge hack to buy 16,892 ETH at a major discount during the market drop. Cryptocurrency hackers see the ongoing collapse in the market as an opportunity to acquire Ether at a huge discount by using stolen funds from previous heists. On August 5, 16,892 Ether was purchased with stolen crypto funds […]