TronWeekly

Crypto World News

You are here: Home / Archives for Arkham

Arkham

Bhutan Surpasses El Salvador With 13,000 BTC Holdings, Says Arkham

by

Bhutаn, а smаll Himаlаyаn nаtion, hаs surprisingly surpаssеd El Sаlvаdor in Bitcoin holdings, bеcoming а notаblе plаyеr in thе cryptocurrеncy world. A rеcеnt rеport by Arkhаm Intеlligеncе, аn on-chаin аnаlytics plаtform, rеvеаlеd thаt Bhutаn owns 13,029 BTC, worth аround $758 million. This is thе first timе Bhutаn’s significаnt Bitcoin rеsеrvеs hаvе bееn publicly idеntifiеd.

Arkhаm idеntifiеd а group of аddrеssеs holding 13,029 BTC, vаluеd аt $758 million, which thеy connеctеd to Druk Holdings (DHI), Bhutаn’s invеstmеnt аrm. Unlikе othеr nаtions, whеrе Bitcoin is oftеn аcquirеd through lаw еnforcеmеnt sеizurеs, Bhutаn аccumulаtеd its holdings through mining.

Buthan Holdings
Source: Arkhаm

This аggrеssivе mining push bеgаn in еаrly 2023, with DHI using Bhutаn’s аbundаnt hydroеlеctric rеsourcеs to еstаblish mining opеrаtions аcross thе country. Thе lаrgеst fаcility wаs sеt up аt thе sitе of thе аbаndonеd Educаtion City projеct. Arkhаm supportеd its findings with sаtеllitе imаgеry, which trаckеd thе dеvеlopmеnt of thеsе mining sitеs ovеr timе.

Bhutаn rеportеdly stаrtеd Bitcoin mining in April 2019, whеn BTC wаs vаluеd nеаr $5,000. This еаrly movе positions thе country for substаntiаl long-tеrm gаins. In Mаy 2023, Bhutаn’s DHI collаborаtеd with Bitdееr to еnhаncе its mining opеrаtions. Thе pаrtnеrship sееks to еnsurе fully cаrbon-nеutrаl mining prаcticеs. Thеn, in April 2024, Bhutаn rеvеаlеd plаns to еxpаnd its mining cаpаcity by 500 mеgаwаtts by mid-2025, rеаching а totаl of 600 mеgаwаtts.

El Salvador’s BTC Investment Status

Howеvеr, El Sаlvаdor, oncе viеwеd аs а lеаdеr in Bitcoin аdoption аmong nаtions, now shows а diffеrеnt picturе. Thе country stаrtеd purchаsing BTC in Sеptеmbеr 2021, аt а high pricе of аbout $51,700 pеr coin. According to Nаyib Trаckеr, which trаcks El Sаlvаdor’s portfolio, thе nаtion currеntly holds 5,875 BTC, vаluеd аt аround $331 million. This аmount is roughly 45% of Bhutаn’s BTC holdings.

El Salvadors BTC Investment
Source: Nаyib Trаckеr

El Sаlvаdor’s Bitcoin hаs а highеr аvеrаgе purchаsе pricе of $43,900 pеr coin. Dеspitе this, thе country still еnjoys а 32.6% ovеrаll profit from its invеstmеnts. Notаbly, likе Bhutаn, El Sаlvаdor usеs rеnеwаblе еnеrgy for Bitcoin mining. Howеvеr, instеаd of hydroеlеctric powеr, it usеs gеothеrmаl еnеrgy dеrivеd from volcаnic sourcеs.

Bhutаn’s movе to rаpidly аcquirе Bitcoin prompts scrutiny of its long-tеrm strаtеgy. As thе country’s GDP is еxpеctеd to hit $3 billion by thе еnd of 2024, Bitcoin holdings аccount for nеаrly 25% of this figurе. This substаntiаl invеstmеnt rеflеcts thе Bhutаnеsе govеrnmеnt’s strong confidеncе in Bitcoin’s futurе.

Related Readings | Bitcoin Crashes Below $59K as Silver Takes Surge Past $31

Shiba Inu’s $35.7 Million Token Transfer From Bitvavo Exchange 

by

In a surprising development that’s seized the attention of the SHIB community, trillions of Shiba Inu tokens have once more taken center stage, spotted in a recent transaction by WhaleAlert, the premier blockchain tracking tool. This intriguing occurrence closely follows a significant withdrawal of SHIB tokens from the Bitvavo exchange.

A whopping 4.62 trillion SHIB tokens, translating to a staggering $35.7 million, were transferred in this latest maneuver. The origin of the transfer, initially masked as moving to an unknown wallet, was uncovered through an in-depth exploration of blockchain data, revealing that it was linked to a freshly minted address associated with Bitvavo itself.

While the exchange’s involvement in this transaction remains uncertain, insights from Arkham Intelligence unveil that Bitvavo’s confirmed wallets currently hold a comparatively small reserve of 250 million Shiba Inu tokens, with an approximate value of $1.93 million.

Shiba Inu Community Puzzled by Trillion-Token Move

The trillions of SHIB tokens remain securely housed in these recently generated addresses, displaying no evident inclination to migrate to other exchanges for liquidation purposes. This intriguing pattern has triggered a flurry of speculation within the crypto community, as some suggest that these movements may be related to storage and distribution strategies, leaving the community pondering their true intentions.

EFxCdCU F4uARVFOATAx
Source: Tradingview.com

Based on the most recent market information, Shiba Inu is priced at $0.00000766, and its 24-hour trading volume reaches a substantial $89,639,405. On the last day, Shiba Inu encountered a 1.73% reduction in its valuation.

As the community eagerly anticipates further developments, the significant disappearance of these trillions of SHIB tokens from the exchange takes center stage, potentially shaping the future path of the Shiba Inu token. Stay tuned for updates as this unfolding saga evolves, keeping SHIB enthusiasts captivated.

Related Reading:| Shiba Inu’s Shibarium Network Gears Up for 1 Million Transactions Milestone

Trump’s Crypto Royalties Now On Arkham Intelligence

by

These days cryptocurrency seems to be gaining a lot of traction among celebrities. Arkham Intelligence, a leading blockchain data firm, has revealed intriguing findings suggesting that former President Donald Trump may be the owner of a crypto wallet amassing substantial royalties from Non-Fungible Tokens (NFTs). The company’s recent announcement has stirred up discussions about the financial activities of the former president and his involvement in the NFT space.

Screenshot 13
Source: X

According to an official statement released on Wednesday, Arkham Intelligence stated that they had reason to believe that the owner of a significant crypto wallet collecting royalties from Trump-associated NFT projects is indeed Donald Trump himself. The company’s claim was supported by a recent financial statement from August 14th, 2023, where Trump’s cryptocurrency balance was documented as $2,806,341. This amount closely mirrors the balance found in the largest royalty fee wallet linked to the Trump NFT project.

NFT Royalties Linked to Trump’s Crypto Wallet

Arkham’s revelation comes on the heels of earlier disclosures where Trump admitted to owning a cryptocurrency wallet valued at up to $5 million worth of ether. Financial disclosures published by Citizens for Responsibility and Ethics in Washington unveiled that $2.8 million in income was deposited into the wallet, and an additional $4.9 million was garnered from an NFT licensing deal with NFT INT LLC, the company behind the notable NFT drops that garnered substantial attention throughout the past year.

These figures significantly outweigh the previously reported $500,000 earnings, shedding light on the substantial financial success of the Trump-branded NFT project. The project, encompassing two separate NFT drops, has managed to sell tens of thousands of NFTs for $99 each. The first series alone has amassed over $26 million in trading volume, as confirmed by OpenSea data.

The identity of the project’s operator has been a subject of speculation since its initial launch. While the official NFT INT LLC website asserts that the project is not owned or controlled by Trump and is the outcome of a licensing deal permitting the use of his image, the corporate listing for NFT INT LLC reveals no direct connection to Trump. Instead, the company appears to be a shell corporation based in Delaware, albeit listing a Utah address.

Remarkably, it was revealed that Trump is listed as the manager, president, secretary, and treasurer of CIC Digital LLC, a company tied to the NFT project. This further adds weight to the speculation that the former president has more direct involvement in the project than initially indicated.

As Arkham Intelligence continues to track the blockchain activities and delve into the intricate web of ownership, the veil surrounding the identity behind the Trump-associated NFT project may soon be lifted, offering a comprehensive understanding of the former president’s foray into the burgeoning world of cryptocurrencies and NFTs.

Arkham Token Public Sale, Users Lock $2.4B On Binance

by

Binance, a well-known cryptocurrency exchange, has concluded the long-awaited public sale of ARKM tokens for Arkham Intelligence, a one-of-a-kind on-chain analytics provider. The auction, which took place on the renowned Binance Launchpad, exceeded all expectations by smashing its $2.5 million hard cap. The excitement of investors for Arkham’s token offering was unparalleled, resulting in a phenomenal 990-fold oversubscription rate, as officially recognized by Binance.

Arkham’s total token supply amounted to 1 billion ARKM, with an exclusive allocation of 50 million tokens reserved for the Binance Launchpad—constituting a significant 5% of the overall supply. Enthusiastic participants eagerly secured their portion of ARKM at the pre-determined sale price of $0.05, marking a historic milestone for both Arkham and Binance. 

The public sale adhered to a subscription format, a mechanism ensuring fairness and inclusivity. Binance diligently monitored users’ BNB balances for a six-day period, commencing on July 11. The final token allocation for each participant was meticulously determined based on their average BNB balance throughout this duration. During the subscription period, an impressive 114,454 participants demonstrated unwavering confidence in Arkham, committing an eye-popping 10.18 million BNB an astounding $2.4 billion.

Arkham Token Sale’s Exciting Debut

The sale’s conversion rate was set at 4.92 ARKM tokens per BNB. Consequently, users who committed 50 BNB during the subscription phase received 246 ARKM tokens for purchase at the sale price of $0.05, in accordance with Binance’s confirmation. Excitement peaked as Binance officially announced the commencement of ARKM token trading on its platform at 8 a.m. ET today, further igniting enthusiasm within the crypto community.

Simultaneously, ARKM tokens are now available via an enticing airdrop, exclusively for early ARKM users, independent of the Binance launch. This initiative serves as a rewarding gesture to the community’s early adopters. Remarkably, ARKM is actively trading at an impressive $0.65 on the Uniswap decentralized exchange—a staggering 13-fold increase from its initial public sale price.

Arkham Intelligence stands as a distinguished platform, specializing in advanced blockchain analytics, facilitating secure and anonymous data exchange pertaining to blockchain address owners. The triumph of the token sale acts as a catalyst for Arkham’s forthcoming milestone—the launch of the groundbreaking “Arkham Intel Exchange.”

This cutting-edge platform, as outlined in Arkham’s visionary document, will serve as a decentralized marketplace, empowering users to anonymously engage in the buying and selling of data and wallet labels. Traders and hedge funds will gain valuable insights into the identities of those dealing with large token positions.

The successful ARKM token sale not only underscores the immense interest in blockchain analytics solutions but also propels Arkham’s journey as a significant leap forward for the entire crypto industry, ushering in a new era of data-driven intelligence.

Related Reading:| Binance Pioneers Bitcoin Lightning Network Integration

Silk Road Bitcoins On The Move; Experts Address Dumping Rumors

by

Thousands of Bitcoin seized from Silk Road by U.S. authorities are now on the move. One BTC is currently worth just under $28k.

Arkham Intelligence claimed that within three hours of one another, the wallet bc1qzd8 transferred 10.298 BTC to what they think to be an exchange deposit wallet that has only ever been used by known Zhong confiscation addresses.

The only other addresses to use it sent the amounts associated with the USG forfeiture.

Shortly thereafter, the very same exchange deposit address used by bc1qzd8 also received 115.025 BTC—the exact amount cited in the DOJ announcement, from an address that received, said funds on April 28, 2022, the exact date referenced in the announcement.

Then, on June 8, 2022, an address that is also mentioned in the statement received 4.574 BTC, another precise amount, from it, the platform added.

Arkham also shared a screenshot from the then DOJ enforcement announcement that had “very specific bitcoin amounts seized, specified to 8 decimal places.”

image 70
Silk Road Bitcoins On The Move; Experts Address Dumping Rumors 6

“We believe this association is strong enough to attribute bc1qzd as an additional USG-related wallet.”

However, Cryptoquant CEO Ki Young Ju cast doubts over the speculation and stated that “bc1qzd8…” is not owned by the US government, and it is likely to be a label error.

“The address ‘bc1qzd8…’ is not owned by the US government and is not clustered/adjacent to any addresses on US government filings.”

Experts Allay Fear Over Silk Road BTC Dumping

He also said that transaction patterns seem to be exchange wallets, not the US gov. The ‘dust” BTC was moved to hot wallets following the seizure of coins from Silk Road.

According to Julio Moreno, another analyst, most of the confiscated 1,500 BTC tokens were simply moved to a new address, so there was no selling pressure. “This is why the Bitcoin price did not care. Gov still has 204K BTC to sell.”

In November 2021, Law enforcement seized over 50,676 Bitcoin hidden in devices from defendant James Zhong’s home.

After illegally receiving over 50,000 Bitcoin from the Silk Road dark web internet marketplace, Zhong pled guilty to committing wire fraud in September 2012.

The amount captured was the second-biggest financial seizure in the history of the U.S. Department of Justice.

Ethereum: Celsius Deposits $57M ETH, Largest Since July Bankruptcy Filing

by

Defunct crypto lender Celsius Network is back in the limelight after it was spotted depositing millions of dollars in Ethereum staking contracts to a crypto wallet owned by Figment.

As per data shared by Arkham Intelligence, Celsius has sent 30.8K ETH to be deposited, worth $56.98 million via Figment, an institutional-grade staking service, over the past week.

The movement represents one of the largest movements of funds for the crypto lender since it filed for Chapter 11 bankruptcy protection in July.

Previously, Celsius took out 6,521 staked Ethereum worth over $13 million — since the network-enabled withdrawals through the Shapella upgrade.

According to Lookonchain’s dashboard, on-chain investigator, Celsius withdrew 4,991 ETH as of April 13.

Market experts believe that recent regulatory efforts in the US may be pressuring crypto firms in the nation to withdraw their staked ETH.

As for the bankrupt crypto lender, it owed more than $4 billion in consumer debt and in January a court allowed to distribute 94% of each user’s eligible assets.

Celsius highlighted the names of the qualified clients in a 1,400-page document submitted to the bankruptcy court in New York. Kirkland & Ellis LLP presented this document on behalf of the insolvent business.

The infamous crypto market carnage of 2022 topped with the Terra Luna incident spurred a massive sell-offs that hit lending crypto firms including Celsius, Voyager, and Three Arrows Capital hard.

Since its collapse, the firm has been slapped with several lawsuits over the past few months.

As per the latest update, the next court hearing is scheduled on 17th May.

That said, Ethereum’s high transaction costs are once again making headlines.

While it has left many investors anxious, validators have benefited greatly as staking payouts have surpassed a new record of 8.6% after the merger.

Ethereum Validators’ Profit Soar To $46M

According to recent data, Ethereum validators took home a total of 24,997 Ether or $46 million in the first week of May, thanks to the memecoins rage.

In particularly the meme token called Pepe which experts believed has acted as a catalyst for the dramatic increase in the profitability of validators.

This indicated an increase of 40% compared to the previous week’s earnings of $33 million when 18,339 ETH were distributed among them.

BLUR Airdrop Nets Crypto Trader Machi Big Brother $1.8 Million Profit

by

Arkham, a crypto data analyst, reported via Twitter today that Machibigbrother, a well-known trader in the crypto community, received a whopping $1.8 million from the $BLUR airdrop that took place yesterday. 

The value of the tokens at the time of the drop was surpassed by over $1 million, and with the recent surge in the BLUR price, the current worth amounts to approximately $1.8 million.

According to the data analyst’s tweet, the big question is, how did Machi play the airdrop? The answer might surprise some, as he revealed that he sold all his tokens immediately. 

As of now, he is not holding any $BLUR, which is in line with many other traders who also cashed out as soon as they received their tokens.

Machi’s quick decision to sell his tokens paid off, as he received $1.3 million for his 1.8 million BLUR tokens. He sold them at an average price of $0.707, which is a significant profit from the airdrop value of around $0.35 per token. Machi also mentioned that he had to make 38 separate transactions to completely sell all his tokens.

This news has generated a lot of interest in the crypto community, with many traders wondering if they, too, should have sold their BLUR tokens. Some traders are even regretting their decision to hold on to their tokens, as they could have made a significant profit like Machi did.

BLUR Gaining Attention

It’s worth noting that BLUR has gained attention recently, being listed on a number of top platforms in the past week alone. Well-known crypto exchanges, including KuCoin, Bybit, Coinbase, OKX, etc.

This surge in attention has been attributed to a combination of factors, including increased demand for privacy coins and a general bull market in the crypto space.

However, Machi’s quick decision to sell his $BLUR tokens has paid off handsomely, and it will be interesting to see how the BLUR price develops in the coming days and weeks. 

Additionally, in terms of the token’s price movement, it is currently being traded at $0.9113; however, based on data from CoinMarketCap, both the daily and weekly charts indicate bearish trends with significant losses.

Related Reading | Binance Mints TUSD While Price Of $TRU Rises By 200%