Ethereum
U.Today’s Crypto News Roundup
Valeria Blokhina
Keep an eye on the latest crypto industry updates with U.Today’s news roundup!
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U.Today has prepared the three main news stories of the past day.
Shiba Inu Chief Shares Crucial Update on SHIB’s Long-Term Plans
In a recent X postShytoshi Kusama, pseudonym of the Shiba Inu project leader, revealed Long-term plans for the dog-themed meme token and its ecosystem. Kusama hinted at the primary use case for TREAT, the upcoming unreleased token. According to the maintainer, by using TREAT, Shiba Inu members will be able to access all of the advanced features of the ecosystem. Additionally, Kusama wrote that the SHIB team is currently finalizing partnerships to “grant full power” to the system they’ve created. The maintainer also reminded SHIB enthusiasts that he’ll eventually have to step away from the project’s spotlight, as Shiba Inu nears the completion of Ryoshi’s plan for a leaderless decentralized system. Last but not least, in Kusama’s X post, there’s the announcement of SHIBACON 2024, the project’s own conference that will take place in Bangkok, Thailand, around the same time as DevCon.
Legendary Bitcoin Trader Peter Brandt Reveals His Trading Secrets
X followers of Peter Brandt, a leading trading expert with 50 years of experience, recently had the opportunity to learn some of his trade secrets. In response to a comment under his July 9 post, Brandt revealed a list of strategies he does not use in his futures and forex trading. The expert wrote that he avoids trendlines, most indicators, day trading, and drawdowns. In addition, he ignores market fundamentals, win rates, and the actions of his peers. Additionally, Brandt said he does not risk more than 70 basis points per trade and is not afraid of being stopped out or becoming obsessed with a certain market or asset class.
$34 million in Ethereum (ETH) in 24 hours, what’s happening?
As uncertainty continues to grow in the cryptocurrency market, Ethereum whales have started making major moves. According to data provided by Whale Alert tracker, yesterday an unknown wallet was moved 11,215 ETH to crypto exchange Coinbase. This massive transaction is valued at around $34.35 million. The whale appears to have moved this massive amount of ETH in order to initiate a massive sell-off. Furthermore, the timing of this sell-off is crucial as it comes amidst the recent market crash. Over the past 30 days, Ethereum’s price has dropped by 16.68%. This demonstrates the severity of the market crash, which is affecting popular cryptocurrencies like Bitcoin and Ethereum. While many are still hoping for a recovery in ETH’s price, it appears that some traders are dumping their holdings; in the case of this Ethereum whale, he has nearly $34.35 million worth of ETH. Given the size of the transaction, it could further impact the market and push ETH’s price down.
About the Author
Valeria Blokhina
Valeria is the Community Manager at U.Today. She is passionate about crypto and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news from the world of crypto and blockchain.