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ForkLog 13 12.06.2024

Arbitrage Strategies Curb Bitcoin Growth Amid ETF Inflows

Despite significant inflows into BTC-ETFs, arbitrage strategies between spot and derivative markets are restraining buyer pressure, according to Glassnode. To substantiate and assess ETF demand, analysts compared the balance of product issuers (862,000 BTC) with other major exchange structures: Mt.Gox trustee = 141,000 BTC; US government = 207,000 BTC; all exchanges = 2.3 million BTC; […]

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ForkLog 55 12.06.2024

K33 Research Warns of High Risk for Crypto Traders Ahead of Fed Meeting

The cryptocurrency market is “highly exposed to risk” ahead of key inflation data and the Federal Reserve meeting. The Committee’s rate trajectory forecast and Jerome Powell’s press conference predictions will significantly impact prices. Clients of unregulated crypto derivatives platforms remain “highly exposed to risk,” increasing the potential for long liquidations ahead of key macroeconomic events, […]

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ForkLog 16 11.06.2024

Bitcoin’s Correlation with Stock Market Strengthens Amid Macro Data Anticipation

The performance of the leading cryptocurrency has become more closely aligned with the stock market as traders maintain a cautious stance ahead of the release of the US Consumer Price Index (CPI) and the Federal Reserve’s Fed rate decision. According to the CME FedWatch Tool, 99.4% believe the agency will not change the key rate […]

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ForkLog 12 07.06.2024

Elliptic Highlights Rising Use of AI in Crypto Crimes

As with any new technology, the advancement of AI innovations in the crypto industry has spurred their use for criminal purposes, according to a report by Elliptic. Experts from the company identified five main typologies for such criminal activities: the use of generative AI to create deepfakes and promotional materials for scams; execution of fraud […]

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ForkLog 15 07.06.2024

Riot Expands Stake in Rival as Core Scientific Rejects $1 Billion Acquisition

Analysts anticipated a wave of consolidations in the mining industry following the halving. Recent activities by major players in the sector have confirmed these forecasts. Core Scientific Rejects $1 Billion Offer from CoreWeave Mining firm Core Scientific rejected a non-binding proposal from AI company CoreWeave to acquire all outstanding shares at $5.75 each, totaling approximately […]

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ForkLog 9 05.06.2024

AI Employees Sound Alarm Over Disclosure Rights and AGI Fears

Former and current employees of AI corporations have issued a call demanding expanded rights to disclose potentially hazardous corporate information. “Companies involved in artificial intelligence possess confidential information about the capabilities and limitations of their systems, their safeguards, and the levels of risk [associated with the technologies]. Currently, they have only minor obligations to provide […]

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ForkLog 7 05.06.2024

SlowMist Identifies Key Causes of Cryptocurrency Losses

Experts at SlowMist have outlined the primary reasons why both individual and institutional investors lose their digital assets. ?个人/机构资产丢失原因占比排行榜：1.助记词、私钥泄漏，占32%2.钱包使用不当，签名钓鱼，占18%3.下载假钱包、虚假交易软件，占16%4.首尾号、木马软件钓鱼，占13%5.专业黑客团伙攻击，占6%6.虚假聊天软件，中间篡改，占8%7.存放交易平台被定点攻击、钓鱼，占4%… pic.twitter.com/rjmhmD4Xa8 — 23pds (@im23pds) June 5, 2024 Nearly a third—32%—of losses are due to mnemonic phrase and private key leaks. Other causes include: phishing through transaction signing (18%); downloading fake wallets and trading apps (16%); address […]

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ForkLog 11 05.06.2024

Renewed Interest in Bitcoin Purchases Observed by Analysts

After two months of sideways movement, digital gold has shown initial signs of a return to speculative activity, with potential for increased volatility. This conclusion was reached by Glassnode. Experts noted the sharp market reaction following reports of the movement of Mt.Gox BTC worth $9.8 billion. This could significantly impact several on-chain metrics. Adjusting for […]

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ForkLog 6 05.06.2024

Ripple and Galaxy Digital CEOs Identify Spot ETF Contenders

Ripple’s CEO, Brad Garlinghouse, told Fox Business that the emergence of spot exchange-traded funds (ETFs) based on XRP is “inevitable.” #Ripple CEO @bgarlinghouse Brad Garlinghouse: “A #XRP ETF is just simply inevitable.” Fox Business pic.twitter.com/oJAm5sCrWW — ????XRP (@BankXRP) June 4, 2024 “I think we will see them in 2025. People don’t want to deal with […]

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ForkLog 8 05.06.2024

Lugh Halts Stablecoin Issuance Ahead of MiCA Implementation

The European firm Lugh has announced the cessation of its stablecoin EURL issuance in anticipation of the MiCA regulation coming into effect. ? Annonce : MiCA : Lugh suspend son activité d’émission de stablecoin pic.twitter.com/RdXzJHBzY5 — Lugh (@LughStablecoin) June 4, 2024 The issuer has guaranteed the redemption of existing coins until August 30, 2024. Reimbursement […]

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ForkLog 7 04.06.2024

Meme Frenzy: Half a Million New Tokens Emerge on Solana Network

In May, the Solana blockchain witnessed the creation of 455,000 new coins, reaching a monthly peak due to low entry barriers and the hype surrounding meme tokens. This is according to data from The Block. Number of new tokens issued on Solana. Source: The Block. For comparison, during the same period, the L2 network Base […]

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ForkLog 65 04.06.2024

New Insights Emerge on the Possible Death of OneCoin Founder Ruja Ignatova

While there is no conclusive evidence of the death of OneCoin pyramid scheme founder Ruja Ignatova, it is highly likely she is deceased. This was stated by former IRS investigator Richard Reinhardt in an interview with the BBC. In February 2023, the BIRD project, citing Bulgarian police documents, reported that the entrepreneur was killed in […]

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