Connect with us
  • tg

Cryptocurrency

GBM Auctions to Host Memorabilia Auction with Polkadot Creator Dr. Gavin Wood

letizo News

Published

on

[PRESS RELEASE – London, United Kingdom, May 6th, 2024]

GBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is thrilled to announce a historic collaboration event with Dr. Gavin Wood, co-founder of Ethereum and the founder of Polkadot and Kusama, to commemorate the 10th anniversary of the publication of the Ethereum yellow paper and the recent release of the JAM grey paper.

This event will feature three auctions for iconic pieces of blockchain memorabilia, representing pivotal moments in the world of blockchain technology. The online auctions, hosted at https://gavinwood.gbm.auction are slated to commence on May 16th, 2024, during the ‘Decentralized Lugano’ conference in Switzerland and will run for seven days with the proceeds from these auctions supporting the DEC’s Ukraine Humanitarian Appeal: (https://www.dec.org.uk/appeal/ukraine-humanitarian-appeal).

This groundbreaking set of auctions will be hosted on the Moonbeam blockchain, a parachain on Polkadot, utilising Glimmer (GLMR), the native currency of the Moonbeam chain, for bidding.

The remarkable items to be auctioned are:

  • An Ethereum yellow paper annotated and signed by Dr. Gavin Wood, featuring the EIP-150 revision version crucially addressing the aftermath of the infamous 2016 DAO hack attack.
  • An original “Draft 1” version of the Polkadot white paper annotated and signed by Dr. Gavin Wood, presenting the vision for the Polkadot network protocol.
  • A “Draft 0.1.0 Dubai” unreleased version of the JAM Grey Paper annotated and signed by Dr. Gavin Wood, of which only 200 copies were ever made and gifted to his inner circle by Dr. Wood himself. This Grey Paper introduces a visionary step towards a more scalable, efficient, and dynamic blockchain network.

Each item represents a unique piece of blockchain history, personally annotated and signed by the author and luminary who coined the universally recognised term “Web 3.0”. The auctions will be run by GBM Auction, known for its innovative Bid-to-Earn system, which has revolutionised the auction experience for the blockchain space and seen over 70,000 auctions ho​​sted and $6M earned by bidders to date. GBM Auction’s Bid-to-Earn system incentivises participation by rewarding bidders when they are outbid. This unique approach ensures an engaging and popular auction experience, benefiting both sellers and bidders alike.

Hugo McDonaugh, co-founder of GBM Auction, expressed his enthusiasm for this unique opportunity to celebrate these three foundational steps in the journey of Ethereum, Polkadot and blockchain technology with this historic auction. “The Ethereum yellow paper laid the groundwork for a decentralised revolution that has reshaped industries and empowered millions worldwide. The Polkadot white paper introduced a vision for a scalable, interoperable multi-blockchain network, and the JAM grey paper addresses critical issues that have challenged previous decentralised systems with a new protocol facilitating a more connected and coordinated ecosystem”, said McDonaugh. “This auction is a tribute to the pioneers who contributed to Ethereum’s journey and a celebration of its enduring legacy ten years on”.

As a gesture of solidarity and support for those in need, Dr. Gavin Wood is donating the proceeds of the auction to the Ukraine Humanitarian Appeal of the Disasters Emergency Committee (DEC). The DEC provides essential assistance such as food, water, shelter, and healthcare to families in Ukraine and refugees in neighbouring countries. Known for its transparency, the DEC ensures that funds are utilised effectively to address the urgent needs of those affected by crises. GBM Auction invites esteemed technology and blockchain collectors to participate in this historic event while making a meaningful contribution to humanitarian efforts in Ukraine.

For more information about the auction and to find out how to participate, please visit https://gavinwood.gbm.auction

About GBM Auction

GBM Auction is the Bid-to-Earn Auction company. In a GBM Auction, there are only two outcomes, users either win the auction or they earn an incentive when they’re outbid. This model provides the best environment for bidders who get a rewarding and engaging experience whilst ensuring sellers get the true market value for their assets. GBM Auction has been active since 2018 and has seen over 70,000 auctions completed and $6m earned by bidders to date.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!

Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

letizo News

Published

on

TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

letizo News

Published

on

TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

letizo News

Published

on

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved