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Elon Musk's New Alias Nets Trader $634,000 Profit

Elon Musk’s New Alias Nets Trader $634,000 Profit

On December 31, Elon Musk updated his name on X to Kekius Maximus, becoming a mascot for the creation of dozens of meme tokens. Some of these were launched two weeks prior, when the billionaire first posted the phrase in comments on Autism Capital. One trader managed to profit from this, according to analysts at […]

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'Blockchain Bandit' Resurfaces After Two-Year Hiatus

‘Blockchain Bandit’ Resurfaces After Two-Year Hiatus

The perpetrator behind one of the largest ETH heists in history has moved the stolen funds for the first time in two years, according to on-chain detective ZachXBT. Funds distribution scheme of the ‘Blockchain Bandit’. Data: ZachXBT. According to the analyst, the hacker transferred 51,000 ETH ($170.9 million) in batches of 5,000 coins from 10 […]

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MicroStrategy Shares Plunge 44% from All-Time High

MicroStrategy Shares Plunge 44% from All-Time High

On December 30, MicroStrategy’s stock closed at $302.96, marking a 44% decline from its all-time high of $543. Daily chart of MicroStrategy shares. Data: Finviz. Since the beginning of the year, the company’s shares have surged by 379.7%, including a 79.7% rise in the last quarter. This coincided with an aggressive Bitcoin accumulation strategy during […]

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USDT Market Capitalisation Declines Amid MiCA Implementation

USDT Market Capitalisation Declines Amid MiCA Implementation

On December 30, the EU’s MiCA regulation for digital assets came into effect. The market capitalisation of the leading stablecoin USDT declined from over $141 billion in mid-month to approximately $137.5 billion. The new rules impose stringent requirements on stablecoin issuers, including licensing, reserve standards, and liquidity norms. Agne Linge from WeFi commented to The […]

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Bitcoin Inflows to Exchanges Plummet to 2016 Levels

Bitcoin Inflows to Exchanges Plummet to 2016 Levels

In the weeks leading up to the end of 2024, the daily number of BTC deposits on exchanges fell to 30,000. According to CryptoQuant analyst Alex Adler Jr., this may indicate an imminent rally for the leading cryptocurrency. Chart of the number of addresses depositing BTC to exchanges. Data: CryptoQuant. Current figures are three times […]

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What they bought, whom they tapped and what they forecast: ForkLog’s annual reader survey

What they bought, whom they tapped and what they forecast: ForkLog’s annual reader survey

At the end of each year, ForkLog runs a traditional survey of its readers. In December 2023 some participants predicted that bitcoin would set new records—and they were right. We present the findings of the latest poll, readers’ forecasts, and their views on portfolios, memecoins, tap-to-earn games and other parts of the industry. Reader profile […]

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January Highlights: Bitcoin's Genesis Block and Gary Gensler's Resignation

January Highlights: Bitcoin’s Genesis Block and Gary Gensler’s Resignation

As December draws to a close, ForkLog presents its customary calendar of significant events for the upcoming month. January 3 — Anniversary of Bitcoin’s genesis block mining. January 12 — Anniversary of the first Bitcoin transaction. January 15 — Release of the Consumer Price Index and inflation data in the US. January 20 — Gary […]

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X-Bot Accused of Spreading Misinformation on FTX Payouts

X-Bot Accused of Spreading Misinformation on FTX Payouts

Sunil Kavuri, a representative of the largest group of FTX creditors, has accused the automated X-account aixbt—a bot disseminating cryptocurrency industry news—of spreading misinformation regarding the distribution of compensation from the bankrupt exchange. FTX Repayments False: Distribution does not start 3rd Jan and $16bn within 60 days Approx No.FTX Cash: $13bn now/ $14bn MarVC port, […]

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The Origins of Crypto Brand Names: Insights from The Block

The crypto industry is replete with a myriad of blockchains, protocols, venture firms, and projects. Journalists at The Block have uncovered the origins of some of their names. Binance: a fusion of the words “binary” and “finance.” “It represents the convergence of these two technologies,” states the company’s website. Coinbase: a nod to a fundamental […]

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Crypto Executives Share 2025 Predictions

Crypto Executives Share 2025 Predictions

Seven executives from cryptocurrency firms shared their expectations for 2025 with DLNews. Among their forecasts are the revival of DeFi, a tokenization boom, and even a “serious crash.” DeFi Revival to Continue Since its emergence in the summer of 2020, decentralized finance has proven to be a truly revolutionary technology. However, in the past two […]

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AI Data Centres Pose Potential Risks to US Power Grids

AI Data Centres Pose Potential Risks to US Power Grids

The proliferation of data centres powering artificial intelligence could lead to issues within the US power system, according to a new report by Bloomberg. The agency found that more than half of households experiencing the most severe power distortions are located within 32 km of major data centres. Experts analysed 1 million sensors in residential […]

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MicroStrategy Acquires 2,138 BTC for $209 Million

MicroStrategy Acquires 2,138 BTC for $209 Million

Between December 23 and 29, MicroStrategy acquired 2,138 BTC for approximately $209 million at an average price of about $97,837 per coin. The quarterly investment yield shows a 47.8% increase, while the annual yield is 74.1%. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% […]

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