The transfer came a day after the US DOJ unsealed an indictment against Prince Holding Group, which allegedly used LuBian to launder illicit funds. A wallet linked to the Chinese Bitcoin mining operation LuBian transferred almost $1.3 billion in Bitcoin a day after the United States Department of Justice (DOJ) moved to seize $15 billion in Bitcoin allegedly stolen from the mining pool in 2020. On Wednesday, blockchain analytics firm Lookonchain flagged the movement, noting that a wallet linked to LuBian transferred 9,757 Bitcoin (BTC), worth about $1.1 billion at the time, to new wallets after a three-year period of dormancy. According to Arkham Intelligence, the wallet later transferred another 2,129 BTC, worth about $238 million, on Wednesday, hours after the first transfer. This totaled 11,886 Bitcoin, worth about $1.3 billion at current market prices. Read more
Bitwise’s chief investment officer praised DeFi platforms for their resilience during the weekend fallout, calling the market’s recovery a sign of strength. The crypto market faced its biggest leveraged wipeout in history last weekend, but the turbulence won’t leave a lasting mark, according to Bitwise chief investment officer Matt Hougan. In a Tuesday blog post, Hougan described the sharp drop as “a blip” and not a big deal. He added that crypto “got a passing grade” in its handling of the sell-off. “Many DeFi platforms performed flawlessly: Uniswap, Hyperliquid, Aave and others reported no losses,” he wrote, while noting that Binance and some other exchanges faced issues. “Taken together, crypto did as well or better than traditional markets would have done in the same situation,” he said. Read more
Ascendia S.A. (ticker symbol ASC), one of Romania’s leaders in e-learning solutions, on October 15 announced that its educational content authoring platform, LIVRESQ, has received a grant from ElevenLabs—a global leader in AI-based voice technologies—for the development of LIVRESQ’s AI audio infrastructure.
Patterns, tools and indicators are key to making smarter crypto trading decisions. They help you spot trends and anticipate market moves with better insight. Crypto charts display open-high-low-close (OHLC) data. OHLC data helps traders track price movements, analyze volatility and identify trading opportunities. The X-axis represents timeframes, while the Y-axis shows price levels, either on a linear or logarithmic scale. Volume bars below the chart help confirm market participation. Read more