As a researcher with a background in finance and blockchain technology, I find these recent news stories intriguing for various reasons. Let’s delve deeper into each of them.
As a cryptocurrency investor, I’d be eager to delve deeper into the top three news stories from the past weekend, as reported by U.Today. Let’s explore each one in detail:
Legendary trader Peter Brandt reveals what’s behind “Bitcoin is dead” claim of Peter Schiff
As a crypto investor, I’ve noticed Peter Schiff’s recent criticism towards Bitcoin following its price increase to $67,000. Schiff, known for his critical stance on cryptocurrency, took to X platform to express his skepticism. He pointed out that while silver saw over 21% growth since early April, Bitcoin managed only a 2% rise within the same timeframe. Declaring Bitcoin a failed investment and labeling it “dead,” Schiff advocated for investing in silver instead due to its supposedly higher returns.
Half trillion Shiba Inu (SHIB) in 24 hours: Is Shiba Inu (SHIB) hiding something?
As a researcher examining the latest cryptocurrency market trends, I’ve noticed that Shiba Inu experienced increased activity over the last 24 hours based on recent on-chain data. Notable entities, such as crypto exchanges and whales, have been actively transferring large amounts of SHIB between wallets. For instance, approximately 45.01 billion SHIB valued at around $1.13 million moved from one Robinhood hot wallet to another. Additionally, a Symbolic Capital Partners MEV Bot executed multiple transactions, each involving roughly 50 billion SHIB, with values ranging between $1.23 million and $1.26 million per transaction. Uniswap also reported significant volume, with transactions totaling 101.2 billion SHIB and $2.49 million in value. This heightened activity aligns with the data showing that there were 86 large transactions, amounting to approximately 1.14 trillion SHIB, during this timeframe. These substantial transfer volumes and a recent surge in whale transactions may indicate an upcoming price shift or imminent breakout. Currently, Shiba Inu is trading at $0.00002394 on CoinMarketCap, representing a 0.95% decrease over the previous 24 hours.
Mysterious 7,000 ETH move to Robinhood as Ethereum tops $3,000
Based on information from Whale Alert’s crypto monitor, an unidentified wallet transferred approximately $21.6 million worth of Ethereum (7,000 ETH) to Robinhood Markets on May 17. This transaction took place as Ethereum’s price broke through the $3,000 threshold. Market observers have been pondering potential causes for this substantial shift and its implications for the market. It is possible that this transfer marks the beginning of a larger market trend as investors prepare for the decision regarding the Ethereum ETF. Alternatively, it could be that a major investor, or “whale,” is employing Robinhood’s platform for trading or safekeeping purposes, given that tokens are often moved to exchanges in anticipation of selling them. Another plausible theory is that the transfer aims to enhance liquidity on Robinhood’s platform. Nonetheless, the true motivation behind this move remains a mystery. At present, Ethereum’s price stands at $3,087 according to CoinMarketCap, representing a 0.38% increase over the previous 24 hours.
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2024-05-20 19:25