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ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings on a social network, later confirmed by Bloomberg ETF analysts. The iShares Ethereum Trust has just been registered in Delaware. For context, BlackRock's iShares Bitcoin Trust was registered in a similar manner 7 days before they filed the ETF application with the SEC. Details below. [announcement: I’m moving to @SynopticCom soon] pic.twitter.com/IYafIaxMzA — Summers (@SummersThings) November 9, 2023 The news fueled optimistic expectations regarding a potential Ether spot ETF filing by BlackRock, a $9 t...

In her testimony last week, Caroline Ellison provided additional color on the flow of money between Alameda Research, FTX, and Tether. However, her appearance in court raised more questions than answers. During the course of the trial, Ellison was asked how much of the $10 billion in Alameda ’s bank account from FTX customers was used to send back to FTX customers in the form of stablecoins, and she disclosed that she believed it was “in the ballpark of $2 billion.” This number is surprising because previous reporting from Protos indicated that Alameda Research had issued approximately 37 billion in Tether s, and sent approximately 30 billion of those to FTX . The remainder were mostly sent to Binance and Huobi. Tether Papers: This is exactly who acquired 70% of all USDT ever issued One explanation, of course, is that the remainder of the tethers were issued using Alameda’s cash from its many profitable trades. However, it’s not clear based on the o...

2022 has been a tough year for the crypto-verse. The increased cases of bankruptcy and the dominance of the bears left the market painted red for the majority of the year. But whales seemed to be making the most of it. The last week of September posed to be immensely detrimental for the Bitcoin [BTC] market. The king coin dropped to $18K multiple times causing panic among its investors. But a certain group of investors remained calm and viewed it as a prominent buying opportunity. As per recent data curated by Santiment, Bitcoin whales were bagging a significant number of BTC over the past week. The platform pointed out that addresses holding 100 to 10K BTC witnessed a promising spike. This came as a surprise to many as this sort of “sustained accumulation” has been rather rare in 2022. Source While these whales were boosting their BTC holdings, Tether [ USDT ] holdings took a backseat. As seen in the above image, large USDT holdings have depleted significantly....

“If you’re serious about security, @QubesOS is the best OS available today," commented Edward Snowden in a previous tweet. On June 20, Tether Operations Limited, the firm behind United States dollar stablecoin Tether (USDT), along with cryptocurrency exchange Bitfinex announced the allocation of a 100,000 USDT grant to support open-source privacy operating system Qubes OS. Paolo Ardoino, chief technology officer of Tether and Bitfinex, commented:  “We recognize the paramount importance of privacy and security in the digital age. We are pleased to support the development of Qubes OS, which is a cutting-edge operating system renowned for its iron clad security." As told by developers, Qubes OS has garnered significant recognition from Bitcoin (BTC) enthusiasts and libertarians for its security architecture and approach to protecting user privacy. The OS uses Xen-based virtualization to isolate different tasks and applications within separate virtual machines, dubbed “qube...