Crypto News of the day 7/9 | Research: Market downturn triggered the sale of ETH whales and other news

Welcome to crypto news of the day 7/9. We have prepared for you an overview of the most important things that happened during the last day in the cryptoworld and crypto market.

Markets

Crypto markets have fallen sharply over the past four days, and the weekend has seen even greater losses. Since the start of the correction on Wednesday, September 2, crypto markets have lost more than $ 80 billion, or about 20%, to reach a six-week low over the weekend in terms of total market capitalization. Losses began to accelerate and total market capitalization fell to about $ 300 billion, the lowest level since the end of July. During Monday morning’s Asian trading, the overall ceiling rose slightly to about $ 312 billion, but the sale does not seem to be over yet.

Bitcoin led the decline because it failed to regain a price range of $ 12,000 and weakened sharply late last week due to the global stock market downturn. Bitcoin has now returned to the $ 10,250 zone. After last year’s two-year high, Ethereum corrected hard and fell to $ 320 over the weekend. At the time of writing, ETH has recovered a bit and returned to the $ 350 price range.

There are several cryptocurrencies that are growing this morning: Chainlink, Polkadot, Binance Coin and NEM, all of which are experiencing a double-digit pump from weekend lows. Altcoins that are currently still red or moving sideways include XRP, Bitcoin Cash, Litecoin, Crypto.com and EOS.

You can monitor the current prices of cryptocurrencies here.

Last crypto news of the day (4.9.) here.

Cryptocurrencies

Whales sold more than 1 million ETH just before the market crash

The price of Ethereum has fallen in the last few days, losing value of almost $ 200 at one point. According to a recent report, the price dropped shortly after the 100 largest ETH addresses dump over 1 million tokens. Data collected from the analytical company Santiment show that ETH whales were ahead and sold before the markets fell. As the price of ETH accelerated to its recent high, the top 100 addresses began to liquidate their tokens. Santiment eventually concluded that these addresses “reduced the volume of tokens held from 16.92 million to 15.89 million last week.” This means a “significant” decline of more than 6%, which, according to research, was “almost certainly that spark ”that ignited a massive price drop.

ChainLink adds 25%, altcoins are recovering

Altcoins like Chainlink have fallen sharply in the last three days and have fallen, along with Bitcoin and ETH, by tens of percent of their recent highs. While some altcoins remain at a minimum, LINK has undergone a strong rebound that has resulted in a 25% increase in cryptocurrency over the past 24 hours. However, analysts are divided on what further development Chainlink will now expect.

Sushi fell by more than 50% after the main developer sold his tokens, Binance still defends listing

The lead developer behind the popular Sushiswap protocol has sold his tokens, which has dropped prices by more than 50%, and many investors have suffered greatly. After the dramatic decline of SushiSwap, some users criticized Binance crypto exchange for listing token. However, Binance stands behind its decision to support risky projects. Binance CEO, Changpeng Zhao, better known as CZ, defended his decision to list tokens such a SUSHI on Twitter by saying that Binance, as a market leader, must support innovation.

Crypto Exchanges, Banks, Companies

Cryptowhale criticizes Binance for listing many DeFi tokens

Binance now lists many new tokens. In August alone, Binance crypto exchange listed 15 tokens and in September another four, some of which are also available for trading with Binance Margin. While some of the tokens turned out to be decent projects, others were loss-making or fraudulent. These tokens include YFI, Sushi, DFi.Money and many other altcoins that have zero trading volume. According to the popular cryptocurrency investor “CryptoWhale”, Binance’s accelerated decisions to introduce more tokens are not only detrimental to cryptoin investors, but are also a major obstacle to the wider adoption of cryptocurrencies.

Ziglu Bank has obtained a license in the UK for P2P fiat – crypto payments

Ziglu, a London-based crypto-friendly bank, has been licensed by the British authorities to issue electronic money (EMI). The company has also launched peer-to-peer (P2P) payments for both fiat and cryptocurrencies. Ziglu founder and CEO Mark Hipperson said he targets “one hundred million customers over the next six or seven years.” The EMI license, which allows Ziglu to issue electronic money and provide payment services, was issued on September 1. The company originally applied for a permit in May 2019.

Microsoft warns digital currency users about new malware

On August 27, Microsoft Security Intelligence (MSI) in a warning warned cryptocurrency owners, who are also Windows users, that their crypto wallet resources could be in jeopardy due to new malware. A new malware called Anubis seems to use code from Loki malware. This malware steals system information, crypto wallet credentials, credit card information, and other valuable information from Windows users.

YouTube has turned off another crypto channel

Crypto YouTuber Sunny Decree recently announced that its live streaming on YouTube has been canceled, with the platform stating that the video violated its policies. According to a tweet on September 5, the video-sharing platform stopped its latest live broadcast on its English-language channel and warned him that the second violation would result in a weekly suspension of the live, upload and post service.

Thank you for your time a reading crypto news of the day 7/9.