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Shiba Inu has turned an investment of $150 into a whopping $2.5 million on Wednesday. SHIB was launched on August 1, 2020, and an investment of $150 made then could have fetched traders trillions of tokens. Holding on to the investment from then until today could have rewarded traders with millions in profits. The latest data from Changelly shows that $150 in Shiba Inu back then is worth $2.5 million today. That’s a surge of 1,716,535% (1.7 million percent) in the last 58 months and is among the top-performing assets. No other financial asset has delivered this much returns in the last five years except for SHIB. Source: Changelly A handful of investors have made life-changing gains in Shiba Inu while some even made generational wealth. Early investors who took an entry position reaped all the rewards that the dog-themed token had to offer. SHIB was extremely bullish between 2020 to 2021 and generated massive gains during this timeframe. Also Read: $10K in SHIB Could Hit $106K by ...

Considering the lucrative opportunities offered by the cryptocurrency trading environment, it comes as no surprise that carefully timed trades can bring a lot of profit to a wise investor, as evident in the recent example of a crypto trader making a whopping $15 million . As it happens, this particular investor has recent ly sold 540 Wrapped Bitcoin (WBTC) at the price of $54,853 in the past two days, making approximately $15.5 million on the sale, according to the data shared by the blockchain analytics platform Lookonchain in an X post on August 7. Whale’s recent transactions. Source: Lookonchain Indeed, during the initial purchase, this crypto trader bought 721 WBTC at the price of $26,191 per WBTC, or around $18.88 million, between August 21 and August 25, 2023. Nearly one year later, the whale sold 540 WBTC for a $15.5 million profit, effectively turning $18.88 million into $29.6 million. Pic...

Three cryptocurrencies will unlock over $170 million in tokens this week, which cryptocurrency traders should avoid having substantial exposure to. These unlocks have the potential to flood the market, leading to increased selling pressure and significant price fluctuations. On July 7, Finbold retrieved data from the TokenUnlocks.app , which shows $186.32 million in the seven-day cliff unlocks. Notably, this week’s three leading protocols will release $173.02 million in tokens, accounting for 93% of the total. Nine projects in total make up the “next seven days cliff unlocks:” Aptos (APT), Xai (XAI), ImmutableX (IMX), Ethena (ENA), io.net (IO), dYdX (DYDX), Moonbeam (GLMR), 1inch (1INCH), and Forta (FORT). Picks for you Here's when Bitcoin will reach $255,000, according to analyst 34 mins ago ...

A Ripple-related account has recently transferred over 50 million XRP to cryptocurrency exchange s, indicating a significant sell-off.  On May 1, Ripple released 1 billion XRP from its initial distribution, with the tokens locked in monthly escrows until 2027. The company sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows. After receiving the 150 million XRP this month, Ripple’s destination account rP4X2…sKxv3 distributed some tokens to different unlabeled accounts. Picks for you We asked ChatGPT-4o what will be SOL price if a Solana ETF is approved: Here’s what is said 2 hours ago Short squeeze alert: Bitcoin short-sellers could fuel another rally 2 hours ago ...

Bybit, one of the world’s top three crypto exchanges by trading volume, has reached a monumental milestone, surpassing 30 million registered users globally, as per the information shared with Finbold on May 21.  This achievement comes during a period of exceptional Web3 growth , solidifying Bybit’s position as a leader in the blockchain industry. Bybit’s market share surge Bybit’s market share in spot trading has surged from 2% in 2023 to an impressive 9.3% in 2024, a nearly 400% increase according to the latest Kaiko Research quarterly report.  Picks for you Ripple v. SEC case update as of May 21, 2024 31 mins ago Hex Trust launches USDX stablecoin on Flare, offering real-world yields through clearpool partnership ...

Polygon Labs has reportedly been paying a publicly-traded sports betting firm millions in crypto to run one of its now-defunct network validators. This is despite convincing the rest of the community that the company was just another validator. As reported by CoinDesk, DraftKings was announced as a Polygon validator in early 2022 in what the crypto company called “an important milestone.” However, Polygon failed to make public the special arrangement that would see it pay DraftKings millions of MATIC tokens over the next 20 months. According to CoinDesk’s extensive research, the sports betting firm received a lump sum of millions of MATIC tokens at the very beginning of the partnership in late 2021 followed by millions more through a special staking relationship . Though it’s not uncommon for high-profile firms to be paid by blockchain companies to work with them, this particular offer wasn’t offered to the vast majority of Polygon’s validators. In other words, DraftKings was ...

Ripple transacted another 75 million unlocked XRP on October 16 from the 200 million tokens kept after October’s escrows.  These are part of XRP’s monthly inflation that is usually sold or spent by Ripple during strategic market opportunities, such as the one experienced during a pump-and-dump event with Bitcoin (BTC). On the same day, Ripple spent 75 million XRP, and crypto media outlets spread unverified and false rumors in the cryptocurrency market about the SEC’s approval of BlackRock’s Bitcoin spot ETF, which made BTC price go from $27,700 to $29,900 in just a few minutes, before retracing back to $28,000. This move also affected other cryptocurrencies, like XRP. Notably, Ripple had already spent 60 million unlocked XRP on October 10. This new possible sell-off follows a very similar path and pattern to the former. These tokens were distributed and passed through six different accounts before being deposited in small batches to four exchanges indicating they were mostly sold...

In the realm of crafting written content, three paramount elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge for textual intricacy, while burstiness discerns the array of sentence structures. On the other hand, predictability scrutinizes the likelihood of divining the ensuing sentence. When humans embark upon the art of composition, they often weave a tapestry of linguistic diversity, juxtaposing intricate and concise sentences. Conversely, the domain of AI-generated sentences tends to be characterized by uniformity. Thus, as we proceed to construct the ensuing narrative, I implore you to infuse it with a rich tapestry of perplexity and burstiness, while endeavoring to minimize predictability. It is imperative that we adhere strictly to the English language in this endeavor. Now, let us reimagine the following text: A former employee of the NFT platform OpenSea has found themselves ensnared in al...

Advisers hired by FTX are looking to recoup some of the money the exchange paid to several sports stars for partnerships and endorsements. Alvarez & Marsal, financial advisers for Sam Bankman-Fried’s failed crypto exchange FTX, are reportedly probing whether millions of dollars paid to celebrity athletes, including tennis star Naomi Osaka and four-time NBA champion Shaquille O’Neal, can be recovered. FTX Group advisers have analyzed if certain payments dished out to athletes before the company unraveled last November can be recovered in Chapter 11 https://t.co/uvmFJG5jXR — Bloomberg Crypto (@crypto) September 8, 2023 In a recent court filing, the company disclosed that it had reviewed several payments made to individual athletes, Major League Baseball (MLB), and Formula 1 racing teams to determine if they were subject to Chapter 11 rules that would allow FTX to reverse them. The advisers hope the funds may be used to offset claims made by the bankrupt exchange’s ...

Vessel Capital, a venture capital firm, has announced the creation of its $55 million crypto fund.  The firm will use its new fund to invest in different crypto projects and web3 infrastructure, according to TechCrunch. The main aim of the fund is to help crypto projects grow and to support crypto founders at an early stage. Vessel Capital was founded by Mirza Uddin, Eric Chen, and Anthony Anzalone. The firm has been investing nearly $10 million annually. You might also like: Growth-focused investors considering VC Spectra over Lido DAO and Aptos The company will allocate the investments over five years. Uddin will be looking to work with founders from the beginning on the ideas behind the projects. The founder explained that it’s essential to create a strong relationship with the founders in the early stages, and a VC that has crypto -related knowledge will help them be on their way to success. Uddin added that those VCs who don’t understand how the ...

Investors in the cryptocurrency world monitor asset prices to make decisions. However, they are now increasingly looking at other options due to significant outflows from major coins like Cardano (ADA) and Ethereum (ETH). Amidst this development, InQubeta, an artificial intelligence (AI)-inspired project, has raised over $2 million in the ongoing presale. This article explores the reasons for the rising outflows in Cardano and Ethereum and how InQubeta raise d over $2 million in its presale . InQubeta raises over $2 million in presale  InQubeta merges artificial intelligence (AI) and blockchain technology.  The platform aims to provide a decentralized ecosystem for AI developers and users to raise funds and invest.  Its efforts to shape the AI industry fundraising have garnered investor attention in the ongoing presale . More people recognize InQubeta’s potential to disrupt the AI industry by unleashing the AI market to crypto investors. The over...

An official update on July 26 reveals that CoinsPaid, an Estonia-based crypto payment provider, was hacked and lost $37.3 million on July 22.  CoinsPaid is pointing fingers at the Lazarus Group, a notorious hacker organization known for targeting high-profile companies in the past. The hacker group, believed to be sponsored by North Korea, has been accused of hacking and stealing from several crypto firms and bridges, including CoinCheck and Ronin. You might also like: Ronin Hackers Have Moved Some Stolen Funds From Ether to Bitcoin Network Following the breach, CoinsPaid’s said they swiftly fortified their systems to prevent further damage. For their action, the payment processor said customer funds are secure. However, considering lost funds, their availability and revenue were impacted.  CoinsPaid is currently investigating the hack using advanced crypto analytics tools. At the same time, it has received support from the broader crypto community, ...

Join Our Telegram channel to stay up to date on breaking news coverage In an effort to raise money, Blockchain.com, an early Bitcoin wallet provider and exchange that had a $14 billion valuation as recently as last March, has been trying to sell off assets. In a research effort, Decrypt has discovered information about discussions made in December and January in which senior executives from Blockchain.com talked about selling off some of its operations, notably to Coinbase. It has also uncovered a private email arranging one of these calls. However, Blockchain.com’s representative refuted the existence of such conversations and stated that “Blockchain.com is an asset buyer, not a seller.” The company’s venture arm Blockchain Ventures recently sold off 80% of its ownership in PolySign, the representative revealed, despite the fact that the corporation denies trying to sell off assets. Blockchain.com took part in the $53 million Series B financing of the i...

Join Our Telegram channel to stay up to date on breaking news coverage The euphoria surrounding the metaverse crested early last year, but if the public eventually decides to own digital property and launch enterprises on the internet, they’re going to require a platform for selling real estate designed for more than just speculative flipping. Or, to put it another way, a Redfin or Zillow for the developing metaverse . That’s what Metahood is creating, and it has secured seed money to realize this goal. The startup revealed today that it has received $3 million in a seed round, with participation from Volt Capital, Flamingo DAO, and Neon DAO, as well as cryptocurrency venture capital firm 1confirmation. The Sandbox co-founder Sébastien Borget, SuperRare co-founder John Crain, Sorare Growth Lead Brian O’Hagan, and VC and blogger/podcast host Packy McCormick all contributed to the startup’s fundraising round. The Metahood platform is intended to p...