According to Nansen data, Smart Money is flowing into CHZ, LDO and AAVE. Celsius has transferred a large portion of its ETH holdings to various centralized exchanges over the past few days. EchoLink did 7.6X in half an hour when it turned on the board. Polygon (MATIC Coin) gained almost as many crypto users as Ethereum in 2023. And more!
There is news from LDO, ETH, BNB, MATIC Coin and these 7 altcoins…
Smart Money Flows into CHZ, LDO and AAVE
cryptokoin.comAs you follow from , the market is trying to recover on the last business day of the week. Smart money is looking for new targets to flow to. According to data from analytics platform Nansen, Smart Money is flowing into three altcoins. Nansen shared the 24-hour tracking list of fund inflows on the Ethereum network. Accordingly, fund inflows are as follows:
- CHZ: Approximately $3.03 million. The token is currently changing hands at $0.112, an increase of 8.8% in the last 24 hours.
- LDO: Approximately $2.89 million. The token is currently trading at $3,077, up 8.2% in 24 hours.
- AAVE: Approximately $2.72 million. The token is currently trading at $88.62, up 0.37% in 24 hours.
EchoLink’s Launchpad listed on LBank, token flies!
LBank’s fourth Launchpad project, EchoLink, rose from $0.01 to $0.07632 in half an hour when it opened the board. Just half an hour after its launch, the price of EchoLink’s token ECHO in LBank’s fourth Launchpad project increased by over 763%. ECHO opened at 0.01 USDT and rose to 0.07632 USDT within half an hour. Thus, it rose to 7.63 times Launchpad’s initial price.
Venus Protocol is being prepared for rollout across its various networks
Venus Protocol announced on social media that it will be deployed on Ethereum, Arbitrum, zkEVM and opBNB networks.
Celsius sold over $1 billion ETH on CEXs
Celsius Network has sold a large portion of its ETH holdings on various centralized exchanges (CEXs) over the past few days. According to on-chain data tracker SpotOnChain, the Celsius address sent 459,561 ETH (worth $1.02 billion) to multiple CEXs for suspicious selling in the last 8 hours. He sent the bulk of ETH to Coinbase Prime (305,254 ETH or $674 million) and Paxos (146,507 ETH or $324 million). He also transferred a smaller amount to FalconX (7,800 ETH or $17.02 million).
SpotOnChain also revealed that since November 13, 2023, Celsius Network has transferred a cumulative 757,626 ETH (approximately $1.69 billion) to CEXs including FalconX, Coinbase, OKX, and Paxos. Celsius currently holds 62,469 ETH ($138 million) at address 0xdb3.
1inch takes proactive measures against financial crimes in the DeFi space
Popular DeFi protocol 1inch has been actively scanning millions of wallets for Anti-Money Laundering (AML) risks since 2022. It is doing this in collaboration with Blockchain intelligence provider TRM Labs. This initiative will enable 1inch to identify and block hundreds of high-risk addresses. Thus, it sheds light on the evolving challenges of maintaining financial integrity in a decentralized environment.
Messari discussed Hedera, Fantom and BNB in its new report
The cryptocurrency analysis company evaluated the performance of Hedera (HBAR), Fantom (FTM) and Binance Coin (BNB) in its latest report. According to the report, Hedera’s transaction volume increased for the sixth consecutive quarter. Thus, it reached a new record with an average of 164 million daily transactions. Hedera Consensus Service accounted for 99% of all transactions on the network. The circulating market value of Fantom (FTM) increased by 140 percent compared to the previous quarter. Meanwhile, FTM outperformed the total crypto market cap in Q4. BNB Chain processed 4.6 million average daily transactions in the last quarter of 2023. Thus, it increased by 30% compared to the previous quarter.
Polygon (MATIC Coin) gained as many users as Ethereum in 2023
According to blockchain analysis firm Flipside, the two blockchains have more than 15 million users each. On the other hand, Bitcoin ranks third with 10.65 million. According to Flipside, Polygon (MATIC Coin) gained almost as many crypto users as Ethereum in 2023. Polygon had 15.24 million users in 2023, about 160,000 fewer than Ethereum’s 15.4 million users. Interestingly, Polygon (MATIC Coin) topped the list in the first half of 2023. However, Ethereum, which maintained its leadership throughout the second half of the year, overtook it.
Flipside said, “Polygon got off to an impressive start to the year with 2.8 million users in January. “This figure constitutes more than 40% of the total number of users the network will have in 2023,” he said. Additionally, “As of this date, Polygon has experienced the most relatively consistent decline in monthly user acquisition throughout the year. But it still compared favorably with other networks.” made his assessment.
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