Tag: nearly
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Michael Saylor’s MicroStrategy Acquires Nearly 18,000 Bitcoin as Treasury Strategy Bolsters Holdings Amidst Market Fluctuations
In a significant move underscoring a sustained conviction in Bitcoin as a digital asset and store of value, Michael Saylor’s treasury firm, MicroStrategy, has announced the acquisition of an additional 17,994 Bitcoin (BTC). This latest purchase, executed for approximately $1.28 billion at an average price of roughly $70,946 per Bitcoin, further solidifies the company’s position…
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Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k
The Ethereum Foundation, a pivotal entity dedicated to fostering the development and growth of the Ethereum blockchain, has recently concluded a significant over-the-counter (OTC) transaction, selling 10,000 Ether (ETH) for approximately $24 million. The sale was executed at an average price of $2,387 per ETH and involved Bitmine Immersion Technologies, a prominent treasury firm within…
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Sui Mainnet Resumes Operations After Nearly Six-Hour Disruption Caused by Gas Logic Bug
The Sui blockchain successfully brought its mainnet back online on May 29, following an extensive outage that lasted approximately 5 hours and 55 minutes. The network grind to a halt due to a critical bug discovered in the gas charging logic within its latest software release, version 1.72. This flaw in the mechanism responsible for…
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Nearly $500 Billion in Bitcoin Faces Quantum Threat as Binance’s CZ Foresees Quiet Asian BTC Accumulation Shift
Glassnode’s latest on-chain research has reignited critical discussions surrounding the long-term security of Bitcoin in a hypothetical post-quantum computing era. The findings reveal that approximately 6.04 million Bitcoin, valued at an estimated $469 billion, representing 30.2% of the total circulating supply, have publicly exposed on-chain keys. This exposure, while not an immediate threat, could theoretically…
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Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k
The Ethereum Foundation has finalized the sale of 10,000 Ether (ETH) in an over-the-counter (OTC) transaction with Bitmine Immersion Technologies, a prominent treasury firm in the cryptocurrency space. This significant transaction, valued at approximately $24 million based on the agreed average price of $2,387 per ETH, occurred as the price of Ether was hovering just…
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Nearly $500B in Bitcoin Faces Quantum Threat as Binance’s CZ Foresees Quiet Asian BTC Accumulation Shift
Glassnode’s latest research, meticulously detailing Bitcoin’s vulnerability to quantum computing, reveals that approximately 6.04 million BTC, equating to a staggering $469 billion at current market valuations (representing 30.2% of the total Bitcoin supply), have publicly exposed on-chain keys. This exposure, while not an immediate threat, poses a theoretical risk should large-scale, practical quantum computers become…
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Ethereum Foundation Sells $30 Million Worth Of ETH As Price Nearly Breaks $2k
The Ethereum Foundation, a pivotal organization dedicated to fostering the development and growth of the Ethereum blockchain, has recently completed a significant over-the-counter (OTC) transaction, selling 10,000 Ether (ETH). This strategic divestment, valued at approximately $24 million, was executed with Bitmine Immersion Technologies, a prominent treasury firm within the cryptocurrency landscape. The sale comes at…
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Ethereum Foundation Stakes Nearly $143 Million in ETH, Approaching Treasury Target
The Ethereum Foundation has significantly ramped up its staking activities, depositing approximately 45,034 ETH, valued at around $93 million, on Friday morning. This substantial move increases the foundation’s total staked ETH holdings to roughly $143 million, bringing it exceptionally close to its previously stated goal of staking 70,000 ETH. This strategic pivot, initiated in February,…
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