Markets Whipsaw on False US Government BTC Selling Alert
Bitcoin's price fell dramatically from $30,000 to below $28,000, erasing daily gains in a single hourly candle. The cause is unconfirmed, but crypto news alerter "db" cited possible Mt. Gox and U.S. government wallet activity. Market intelligence platform Arkham retweeted and responded with a saluting emoji, later deleted. The U.S. government's Silk Road hack fund storage holds $1.9 billion in BTC, with a $0.19 transaction pending confirmation.
This alert resulted in major crypto trading firm Jump Trading depositing over $26 million in BTC to various exchanges to sell. Since this initial panic, markets have since recovered as news spread that it was a false alarm from Arkham who claim that the alert was a bug from their internal systems.
DOGE Creator Updates Community on Involvement
In a recent exposé, the esteemed Dogecoin originator, Billy Markus, illuminated his present perspectives and association with the groundbreaking cryptocurrency that he conceived a decade ago. His comprehensive report, structured in an interactive, frequently asked questions (FAQ) format, discloses Markus' unreserved insights on Dogecoin and the market at large.
When questioned if he is the official representative of Dogecoin, Markus gave a resounding "No." Moreover, when probed about his current professional engagement with Dogecoin, he declared, "Nope, haven't laid a finger on it in a decade." This crystalizes the fact that the innovative mastermind has distanced himself from the project and is no longer actively participating in its evolution or direction.
The musings of the mastermind behind one of the most iconic and amusing cryptocurrencies have surfaced in the comments section. Inquiries about his vision for Dogecoin and the crypto realm at large prompted a playful retort: "I'll grace this FAQ with my presence every fortnight." This anecdote highlights the fact that the Dogecoin founder is not actively involved in its evolution or affiliated with its endeavors. Furthermore, it serves as a gentle nudge, reminding us of the original purpose behind the humorous Dogecoin - to satirize the cryptoverse with a lighthearted twist.
FTX Sells Derivatives Platform LedgerX
FTX has announced its plans to bid farewell to LedgerX, its crypto derivatives exchange based in the US. The lucky winner of the acquisition race is M7 Holdings, a subsidiary of a prominent options platform operating out of New Jersey. This exciting deal is expected to generate a whopping $50 million for the bankruptcy estate of Sam Bankman-Fried's former crypto exchange.
The proud owner of M7 Holdings is none other than Miami International Holdings (MIH), a derivatives-focused company behind Miami International Securities Exchange (MIAX).
John J. Ray III, FTX's esteemed CEO and chief restructuring officer, expressed his delight on the exciting development, stating that "We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries to stakeholders." This momentous event marks a significant milestone in the cryptocurrency market, paving the way for more exciting opportunities in the future.
Helium's IOT Token Surges 370%
Helium's IOT token has skyrocketed by an incredible 370% in just 24 hours, leaving investors and tech enthusiasts reeling with excitement. And what's the reason behind this astronomical rise, you may ask? Well, it's all thanks to Helium's seamless migration to the Solana blockchain last week, a move that has triggered a tidal wave of positive sentiments across the cryptocurrency market.
For those unfamiliar with the IOT token, it's the beating heart of Helium's world-renowned internet-of-things network, and it's mined from the very hardware that powers this groundbreaking network – the Helium hotspots. But what truly sets IOT apart is its rock-solid backing by the Helium Network's HNT token, which means that the tokens can always be swapped for HNT, with the conversion rate determined by an innovative algorithmic treasury swap contract.
So, with a token supply capped at a whopping 200 billion, it's no surprise that there are currently six billion IOT tokens in circulation, as confirmed by Solana's block explorer. But what's next for this fascinating token? Only time will tell, but one thing's for sure – Helium's IOT token is a force to be reckoned with in the ever-evolving world of cryptocurrency.
Solana Labs developing ChatGPT plugin
Get ready for an immersive Solana experience, as users will soon be able to mingle with the network in a whole new way. Thanks to an open-source plugin enabled on OpenAI's cutting-edge chatbot, ChatGPT, Solana enthusiasts can now revel in an array of exciting features.
From checking wallet balances and transferring Solana-native tokens to purchasing nonfungible tokens, this plugin is set to revolutionize the way we interact with the Solana blockchain. As OpenAI continues to make plugins available, Solana Labs is encouraging developers to dive in and explore the limitless possibilities of this game-changing technology.
Solana Labs remained coy about the imminent launch of their plugin, withholding any information on whether it would be made available to the masses once OpenAI releases the plugin feature. Meanwhile, the awe-inspiring ChatGPT plugins have already started tapping into the vast online universe, fetching relevant information and interacting with external websites to satisfy the user's queries. Brace yourselves, for this revolutionary feature is soon to take the digital world by storm!
More Breaking News
- Bitpanda and Raiffeisen Unit agree to offer crypto for Banking customers
- Coinbase Prime, Talos team up to tackle institutional crypto trading
- OpenSea valuation slashed over 75% by leading investor Tiger Global
- Wintermute hacker deposits $160 million heist into Curve liquidity position
- Merlin DEX exploit drains $1.1 million
- Bittrex Global CEO says firm will fight SEC
That’s all for today folks. Watch out for the new ChatGPT plugins hitting the crypto world, starting off with Solana. DOGE creator breaks silence on the project, while FTX agrees to offload LedgerX. Finally, those that invested in the Helium IOT token look like pure geniuses as the token surged over 300%! Stay informed and ahead of the game with our daily crypto scoop. See you tomorrow!