FTX "hacker" has converted 25,000 ETH worth $30 million into Bitcoin , on-chain data reveals. Total ETH stolen is valued $288 Million.
So 3% sell-off for 10% of the stolen value.
Imagine if the hacker sells more!
On the other hand, Grayscale won’t share proof of reserves, citing ‘security concerns’.
Grayscale theoretically owns 3.3% of the Bitcoin market cap. LUNA owned only 80k BTC, while Grayscale owns 640k BTC.
MSTR MicroStrategy gets a liquidation call at 13500K for BTC.
Cryptocurrency lender Genesis was seeking an emergency loan of $1 billion from investors before Monday, Nov 21.
My Price Targets for ETH Ethereum are $1055 and $875.
Looking forward to read your opinion about it.