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⚠️ Vitalik Buterin Moves 400 ETH Through Railgun—Privacy Play?
CoinGape Media
August 19, 2024
News
Vitalik Buterin has previously supported crypto mixer Railgun by defending user privacy. He has moved a total of 662 Ethereum this year.
In the latest development, Ethereum co-founder Vitalik Buterin transferred a massive 400 ETH, valued at $1.05 million, to crypto mixer Railgun. Although the motive behind this transfer remains unknown, the crypto industry is curiously watching the development as the ETH price flirts around $2,600 levels.
Donald Trump took a 4% lead against Kamala Harris in a national poll but uncertainty remains as prediction markets offer a mixed picture.
Former President Donald Trump has taken a notable lead in a national poll against Vice President Kamala Harris as the 2024 U.S. presidential election race heats up. The poll, conducted by Rasmussen Reports from August 8 to August 14, shows Trump beating Harris by 4%. The poll showed 49% of likely voters favoring Trump compared to 45% for Harris.
The WazirX exchange declared its systems unharmed in the $230M hack. It blamed Liminal for the breach, which the custodian denied.
In a recent update on the ongoing WazirX hack investigation, the exchange has declared that its systems and laptops were not compromised during the $230 million cyberattack. This assurance follows a thorough forensic investigation by Mandiant Solutions, a Google subsidiary.
The report concluded that the issue likely stemmed from its former infrastructure and custody partner, Liminal. However, the custodian has vehemently refuted the claims. Moreover, they raised questions on the exchange’s security systems.
Markets
BTC slips to the $58K level amid rising shorts. ETH, SOL, and XRP prices show mixed actions, while TON price gains 9%.
The crypto prices today have mainly displayed mixed price actions, stirring investor speculations globally. Bitcoin (BTC) price waned to rest at the $58K level, tackling turbulence, whereas Ethereum (ETH), Solana (SOL), and XRP displayed mixed price trajectories, trading in both red and green territories. Notably, Toncoin (TON) surfaced among the day’s top gainers, rallying nearly 9% in the past 24 hours.
Meanwhile, the global crypto market cap experienced a 1.06% dip in value to $58,657 trillion. However, the total market volume saw a 34.65% increase to $48.38 billion.
Here’s a brief report on some of the highest-ranking cryptocurrencies by market cap and their price movements today, August 19.
Bitcoin short positions surged soon as the BTC price reached $60,000 on Sunday with ETFs failing to trigger further bullish sentiment.
Although the Bitcoin price attempted a breakout above $60,000 levels on Sunday, it faced a strong rejection with the immediate surge in the Bitcoin short positions. Currently, the BTC price is trading 1.7% down at $58,515 with a market cap of $1.115 trillion.
Crypto markets are moving sideways mainly due to the lack of volatility in Bitcoin price and rangebound movement noted in the past.
The crypto markets are in a muted volatility phase, with Bitcoin (BTC) price hovering sideways. This outlook, while true, might end in roughly a week or two, triggering a comeback for both BTC and altcoins.