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Ava Protocol, a pioneering Web3 automation platform, has successfully raised $10 million in Seed+ funding , according to the latest information shared with Finbold on June 11.  With an initial $5.5 million round followed by an additional $4.5 million in Seed+ funding , the capital infusion will fuel the development of Ava Protocol’s intent-centric, event-driven Eigenlayer AVS set to revolutionize private autonomous transactions for Ethereum (ETH) and other blockchains. The growing number of Ava Protocol investors The recent Seed+ round saw notable contributions from leading investors such as Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital, who joined the ranks of earlier backers, including Polygon co-founder Sandeep Nailwal, Greylock, Foundation Capital, and GSR. Picks for you $2 trillion investm...

Observing the movements of smart whale s can provide valuable insights for crypto traders and investors navigating the waters of cryptocurrency. These highly capitalized addresses have a profitable trading history. On May 1, an anonymous wallet executed a major transaction on the Robinhood exchange, acquiring 1.75 trillion Shiba Inu (SHIB) tokens, valued at approximately $40 million . The data from Whale Alert shows that this substantial acquisition involved two separate transfers, each moving 875 billion SHIB in under a minute. Picks for you FOMO takes over as April’s 'Nonfarm Payrolls' data favor interest rate cut 12 mins ago AI sets Solana price for May 31, 2024  32 mins ago Navigating the market: How to realign your investment portfolio in volatile times 44 mins ago BTC price targets with a Bitcoin short squeeze incoming 1 hour ago 875,000,000,000 #SHIB (19,666,682 USD) transferred from #Robinhood to unknown wallethttps://t.co/...

DWF Labs, a known market maker and institutional investor in the cryptocurrency industry, has estimated profits superior to $8 million by trading JasmyCoin (JASMY) since June 2023. The professional crypto trading company first withdrew 700 million JASMY on June 26, 2023, from the centralized exchange Gate.io. At that time, JASMY was priced at $0.004412 per token , resulting in an estimated cost of $3.09 million . Since then, DWF Labs has made strategic sellings of its JasmyCoin stash, depositing 579 million JASMY on Binance. This data is from SpotOnChain , which reported one deposit in 2023 and five deposits this year, likely representing a sell-off. Picks for you Unusual correlation of Gold and US Treasury Yield raises concerns 56 mins ago SafeMoon V2 is up over 150% in a month; Is SFM back? 2 hours ago 3 cryptocurrencies under $1 to buy for next week 3 hours ago Trader alert: PEPE set for massive 50% move 3 hours ago In particular, the selli...

The powerful surge that propelled Bitcoin (BTC) above the $73,000 mark and set new all-time highs has sent shockwaves through the cryptocurrency world. Bullish sentiment is driving gains, particularly for long-term holders. A surge of 64% since the start of 2024 has turned numerous holders of the leading cryptocurrency into millionaire s, with approximately 1,500 new millionaire wallets being created daily , as crypto analytics firm Kaiko Research reported on March 11. Where are the #BTC millionaires? The number of new millionaire wallets has remained below 2k per day, compared with 4k new wallets daily during the last bull run. pic.twitter.com/Ndc2gcXiXJ — Kaiko (@KaikoData) March 12, 2024 However, the current daily rate of millionaires created is less than half the 4,000 per day rate seen during the 2021 bull run. Picks for you Ethereum Dencun upgrade goes live; Can ETH hit $5k? 35 mins ago Major short squeeze incoming for MicroStrategy stock 36 mins...

Poloniex has been hacked, with over $100 million in crypto stolen. Tron founder Justin Sun confirmed the hack, noting a 5% white hat bounty for the hacker. Cryptocurrency exchange Poloniex has reportedly been Hacked for over $100 million after its hot wallets were compromised. According to data by on-chain data platform Lookonchain , the hacker has moved stolen assets to wallets on Ethereum and Tron as they attempt to cash out the loot. Poloniex Hacker is selling stolen assets on #Ethereum for $ETH and stolen assets on #Tron Network for $TRX. Stay safe! #poloniexhackerhttps://t.co/RFi9PHpbyphttps://t.co/6BlwKUOHG5 pic.twitter.com/G6ETnc3Q1M — Lookonchain (@lookonchain) November 10, 2023 Tron founder confirms hack, offers 5% bounty Tron founder Justin Sun confirmed the hack in a post on X, adding that the platform was offering a 5% white hat bounty to the hacker. Sun also said blockchain security platforms were helping to investigate the hack ...

In 2016, those who fell victim to the Bitfinex hack were provided iFinex share s as compensation, since the cryptocurrency exchange lacked sufficient funds to fully reimburse its users. iFinex’s parent company, iFinex, has put forward a proposal to repurchase $150 million worth of the company’s shares from those individuals who had been granted these shares as compensation for the $71 million Bitfinex cryptocurrency exchange hack that transpired in 2016, as reported by Bloomberg. The intention to repurchase these shares was disclosed by iFinex in a letter addressed to shareholders, dated September 22. The digital asset company has offered a purchase price of $10 per share for the 15 million shares that were distributed in response to the Bitfinex hack in 2016. At the time of the Bitfinex hack, the exchange lost nearly 36% of its total user balances, all of which were in Bitcoin. However, Bitfinex was incapable of providing users with full compensation due to a shortage ...

The crypto industry in Europe is currently facing various regulatory and geopolitical challenges. Despite these obstacles, cryptocurrencies such as bitcoin (BTC) and digitoads (TOADS) have been making notable progress and achieving new milestones in the crypto market. DigiToads is a crypto project integrating play-to-earn (P2E) gaming and stake-to-earn mechanisms into its ecosystem. Bitcoin continues to attract investors with its pioneering status in crypto. Meanwhile, DigiToads has been garnering attention from crypto enthusiasts and analysts worldwide due to its Features and ongoing presale , positioning it as a project that investors are considering. Bitcoin and DigiToads are impacting the European crypto market and gaining recognition within the decentralized finance (DeFi) industry. You might also like: Bitcoin price above $30,000, DigiToads presale demand rising as TOADS rally Let’s explore how Bitcoin and DigiToads are breaking new records amid the challenges i...

The funding round was led by Foundation Capital, with follow-on investment from CMT digital. London-based digital asset protection firm, Coincover, has secured $30 million in a Funding round led by Foundation Capital, with a follow-on investment from CMT digital .  According to Coincover’s announcement, the funds will be used to scale its operations, drive recruitment, develop new products, and form partnerships to help strengthen the security of the cryptocurrency ecosystem, thereby, providing even more comprehensive protection to businesses and individuals holding digital assets.  Coincover was founded in 2018 and launched in 2019 with the aim of providing trust to the digital asset industry. The company already works with over 300 businesses including exchanges, wallets, hedge funds, family offices, and banks, and directly with a number of digital asset custodians. Coincover is determined to tackle the Security concerns plaguing the digital asset industry, by offering busine...

Ethereum (ETH), the second-largest crypto project by market cap, has achieved another milestone. The project has crossed 16 million staked ETH, four months after its historic transition to a PoS (Proof-of-Stake) consensus mechanism. According to Etherscan.io, more than 16 million ETH er ( ETH ) has been put into the Beacon Chain staking contract on Ethereum. The 16 million ETH is worth around $22.38 billion at the current rates. Moreover, it represents more than 13.28% of the whole ETH er supply. The latest milestone is almost two years after Ethereum’s staking contract went live in 2020. Validators stake their Ether (ETH) for a chance to validate transactions on the Ethereum network. Validators cannot takeout their staked ETH until the upcoming Shanghai update. The Shanghai update will likely take place in late February. The increasing number of staked ETH is a sign that the network’s security is robust, and adoption is strong. Theore...

The U.S. SEC (Securities and Exchange Commission) has filed a lawsuit against eight individuals from Atlas Trading for a $100 million stock manipulation scheme. The eight individuals include the firm’s co-founders, podcasters, and YouTubers.  The SEC submitted the filing to the U.S. District Court for the Southern District of Texas. The defendants are charged with breaking both Section 10(b) of the Securities Exchange Act and Section 17(a) of the Securities Act. The SEC claimed that bloggers who took significant holdings in certain stocks profited at least $100 million . The defendants recommended certain positions to their followers. Afterward, they sold their shares in response to the demand they created. Alzamend Neuro, Torchlight Energy Resources, and ABVC companies were some of the cited fraudulent stocks. There was no mention of crypto or other digital assets in the case. The list of defendants includes Edward Constantin (aka “MrZackMorris), a co-founder of Atlas Tr...