Author: CryptooTimes
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Japanese investment firm Metaplanet has bought $6.7 million worth of Bitcoin, adding 108.99 BTC to their expanding cryptocurrency reserves. On Oct. 11, Metaplanet invested ¥1 billion or equal to $6.7 million in Bitcoin(BTC) reserves. This brings the company’s holdings in cryptocurrency to 748.50 BTC, which is currently valued at $45.65 million. This marks the Tokyo-based hotel operator turned investment firm’s third ¥1 billion investment into their Bitcoin holdings since the start of this month. Previously, the firm purchased 108.786 BTC on Oct. 7, which brought their total Bitcoin reserves to 639.50 BTC or $40.54 million based on the market prices…
Tesla CEO Elon Musk revealed plans for autonomous robot vehicles at a Hollywood event, introducing the “Robotaxi” and “Cyber Cab” for public transportation.
Bitnomial’s action follows a similar suit filed by Crypto.com on Tuesday.
Mantra (OM), a blockchain network focused on real-world asset tokenization, retested its all-time high on Oct. 10, surging 9.2% to reach $1.46. The altcoin’s market capitalization crossed $1.2 billion, with daily trading volumes around $56 million, predominantly concentrated on Binance and XT.COM. In the past 30 days, Mantra (OM) has risen 42%, outperforming key RWA tokens such as Ondo (ONDO) and Pendle (PENDLE). When writing it was up over 2400% since the start of 2024. OM’s price action has aligned with a rebound in its futures open interest, which has climbed to a multi-month high of $40.06 million. The jump…
Bitcoin’s largest whales are in clear accumulation mode while speculators stage knee-jerk sell-offs at a loss.
The SEC Chair’s comments on crypto Wednesday did nothing to encourage anyone in the industry to believe he should continue in his position past this year.
An entity reportedly linked to a cryptocurrency venture capital fund has lost over $35 million in tokens due to a malicious permit transaction. An unidentified on-chain entity has suffered a staggering loss of wrapped Ethereum (ETH) tokens valued at $36 million after inadvertently signing a malicious transaction. Crazy!Someone(probably related to @ContinueFund) lost 15,079 fwDETH(worth $36M) by signing a “permit” phishing signature 6 hours ago!To avoid being phished, please do not click on any unknown links and do not sign any unknown signatures.Always double-check when signing… pic.twitter.com/dTG4Uzsf43— Lookonchain (@lookonchain) October 11, 2024 In an X post on Friday, Oct. 11, blockchain…
The new AI-powered tool, customized specifically to target crypto exchanges and financial platforms represents “a new level of sophistication” in fraud, says cybersecurity firm Cato.
Elsewhere in China, the PBoC has begun to roll out a $70.6 billion fund called the Securities, Funds, and Insurance Companies Swap Facility, Caixin reported, which will allow financial institutions to pledge bonds, ETFs, and specific stock holdings to the PBoC in exchange for liquid assets like government bonds, which they can use to secure additional financing for stock purchases as a form of market stabilization.
