Cryptheory – Just Crypto

The post CryptoQuant Report: Dencun Upgrade Shatters Ethereum’s ‘Ultra-Sound Money’ Status appeared first on Coinpedia Fintech News Crypto analytics firm CryptoQuant’s latest report casts doubt on Ethereum’s status as “ultra-sound money” after the implementation of the Dencun Upgrade in mid-March. This upgrade, designed to reduce fees and enhance network scalability has accidentally made Ethereum a more inflationary asset. However, Analysts note a slowdown in the rate of ETH burning, will cause the …

The post Elon Musk’s XAI Startup Nears $18 Billion Valuation In Funding Frenzy appeared first on Coinpedia Fintech News Elon Musk’s artificial intelligence venture, xAI, is on the cusp of securing a funding round that would value the company at $18 billion, reports Bloomberg. The surge in investment mirrors the heightened competition in the AI sector, with xAI competing against rivals like OpenAI and Anthropic and tech giants like Meta, Microsoft, and Google. However, …

The post TON Price To Surge 35% As Toncoin Remains Bullish? appeared first on Coinpedia Fintech News After displaying a correction since the week’s start, the cryptocurrency industry has displayed a positive price action by adding 1.89% to its valuation over the past day. On the other hand, the Toncoin (TON) price has added 12.22% within the past day and 24.36% over the past seven days. Moreover, the Year-to-Date (YTD) return of …

The post Japanese Metaplanet Boosts Bitcoin Holdings: Adds 19.87 BTC to Reach $7.4M in Crypto! appeared first on Coinpedia Fintech News In a strategic move reminding us of MicroStrategy, Metaplanet has plunged into Bitcoin, marking it as its top pick for savings. Recently disclosed, the Japanese giant, Metaplanet Inc., has revealed an additional 19.87 Bitcoins, boosting its total holdings to over 117.7 Bitcoins, which are now valued at approximately $7,396,560. This signals a major change in …

The post Hacker Behind $68 Million Address Poisoning Initiates Communication appeared first on Coinpedia Fintech News After seven days of the phishing attack, the hacker finally sent an on-chain message to the victim. The message asked the victim for his telegram. Not just the message, additionally he has also sent 51 Eth $152k. The trader who lost $68 million had immediately tried to contact the hacker, offering to keep him 10%, …

The post $4,500,000 Pepe Coin (PEPE) Investor Becomes Obsessed With Viral Defi Altcoin With ‘Black Account’ appeared first on Coinpedia Fintech News The transition of a major Pepecoin (PEPE) investor to Option2Trade’s (O2T) ‘Black Account’ is more than just a change of portfolio; it’s a testament to the shifting tides in cryptocurrency investments. As digital finance continues to evolve, features like the ‘Black Account’ are setting new standards, offering investors not just the allure of high returns …

The post XRP News: Ripple’s Defense Against SEC Stablecoin Claims Bolstered by Binance Case appeared first on Coinpedia Fintech News In recent developments, Ripple is facing the SEC head-on in the legal battle. Ripple’s Chief Legal Officer, Stuart Alderoty, deemed the SEC’s arguments in support of its motion for remedies and final judgment weak, signaling potential progress towards the end of the lawsuit. Could this be the turning point XRP holders have been waiting for? …

The post Bitcoin Miners Under Pressure: Revenue Decline and Hashrate Drop Post-Halving appeared first on Coinpedia Fintech News Bitcoin miners face heightened pressure post-halving as revenue drops abruptly. It left them underpaid by the most since March 2020. The network experienced this year’s fourth negative difficulty adjustment, with a significant drop of -5.6% in hashrate. In fact, it is the largest since November 2022. The strain on miners is this decline highlights the …

The post Ripple’s Stuart Alderoty Urges Bipartisan Approach to Crypto Innovation appeared first on Coinpedia Fintech News Ripple’s Chief Officer, Stuart Alderoty advocates bipartisan cooperation in cryptocurrency innovation, urging unity beyond political lines. He praises bipartisan consensus in the US House of Representatives, overturning the guidance of the SEC on crypto custody. Although the move is criticized for hindering banks, it gathers support from 21 Democrats and Republicans alike. In fact, Alderoty’s …

The post Arkham Flags FTX And Alameda Wallets For Liquidating $97.35M In Crypto Assets Edit Title appeared first on Coinpedia Fintech News FTX and Alameda wallets have transferred and liquidated a combined $97.35 million in crypto assets within the past month. Besides controlling over 78% of the FTT token supply, FTX retains $33.85 million in BOBA and $11.22 million in ETH. Meanwhile, Alameda holds significant holdings including $140 million worth of WLD, $102 million in BIT, $93 …