Analyst: BitMine's ETH Holding Cost is $3637.79, currently with an unrealized loss of $658 million
On November 12th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), Bitmine self-reported that it holds 3,505,723 ETH with an average cost of $3,639. After acquiring an additional 24,007.35 ETH, the updated cost is $3,637.79, resulting in a current unrealized loss of $658 million.
5 minutes ago
GoPlus: October Web3 Security Incident Results in Over $45.84 Million in Loss
On November 12th, according to GoPlus monitoring, in October, Web3 suffered a total loss of more than $45.84 million due to security incidents such as smart contract vulnerabilities, social engineering attacks, phishing attacks, flash loans, Rugpull, etc. These incidents included:
· GMGN users were targeted in a phishing attack. The attacker impersonated a third-party token website to induce unauthorized transactions, resulting in losses of more than $700,000 for 107 users;
· A Twitter account renamed to @OracleBNB, which was previously followed by KOLs such as CZ, impersonated a collaboration with @four_meme_ to launch a token. Then, it carried out a RUG pull to make a profit of 34 BNB.
5 minutes ago
Matrixport: Compared to market cap expansion, cryptocurrency trading volume is unusually low, indicating that Bitcoin may have entered a phase of a bear market
On November 12th, Matrixport released a market view which stated, "When compared to the expansion of market capitalization, the cryptocurrency trading volume is unusually low. Over the past 12 months, the market capitalization has increased from $2.4 trillion to $3.7 trillion. Meanwhile, the average daily trading volume has shrunk from $352 billion to $178 billion (a 50% decrease). This shrinking trading volume reflects a cooling of market participation, weakening of momentum, and constitutes a structural caution signal."
"On-chain signals suggest that Bitcoin may have entered a phase of a bear market. Although there have been catalysts, the short-term momentum may not be strong enough to sustain an upward trend. In a low-liquidity and weakly biased environment, trading platforms are under significant pressure, and market activity and trading revenue continue to be suppressed."
5 minutes ago
Coinbase Launches Coinbase Business in Singapore Targeting Startups and Small to Medium Enterprises
On November 12th, as per the report in Techinasia, Coinbase has initiated Coinbase Business in Singapore, signifying its maiden international business expansion beyond the United States. The novel platform furnishes cryptocurrency trading and payment services to local startups and small enterprises, by capitalizing on a partnership with Standard Chartered Bank to facilitate real-time transfers in Singapore dollars.
Coinbase claims that the service empowers businesses to settle payments promptly by using stablecoins like USDC and XSGD, with the aim of minimizing international transaction costs and transaction risks. Presently, the company is receiving early access applications from eligible Singaporean businesses. This action comes after Coinbase's recent involvement in the Monetary Authority of Singapore's (MAS) BLOOM initiative, which centers around the digital asset settlement sector in Singapore.
5 minutes ago
VCI Global is planning to invest $100 million to acquire the crypto payment company Oobit, backed by Tether, and its token OOB.
November 12th. As per The Block, the Malaysian tech consulting firm VCI Global intends to acquire OOB tokens worth $100 million. OOB is the utility token of the crypto payment company Oobit, which is backed by Tether.
Under the transaction framework, VCI Global has already obtained $50 million worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company announced on Tuesday that it plans to repurchase an additional $50 million worth of tokens through the secondary market following the public issuance of the tokens. VCI Global stated that after the transaction is finalized, Tether will become its largest shareholder.
5 minutes ago
「Whale Who Once Shorted 66,000 ETH」 Increases Holdings by 30,549 ETH
On November 12th, as monitored by Onchain Lens, the "Whale That Once Shorted 66,000 ETH" has once again transferred 30,549 ETH from Binance. The value of this transfer is $1.0536 billion. Currently, this whale holds a total of 385,713 ETH, with a value of $1.3 billion.
5 minutes ago
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