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Crypto

Arthur Hayes cuts ETH, ENA and UNI positions, says he will wait and see

Arthur Hayes (아서 헤이즈), a BitMEX co-founder, disposed of about $22.28 million worth of Ethereum and major altcoins at once. He moved seven tokens to external and exchange deposit addresses, including 6,400 ETH, 14 million ENA and 323,000 UNI. Etherscan showed 8,000 ETH transferred in four transactions to deposit addresses including Galaxy Digital, Binance and FalconX. Hayes later said he would wait on the sidelines for an all-clear signal.

Crypto

Ripple fixes XRPL flaw that could mint 184 times XRP supply, but $250,000 bug bounty stirs criticism

Ripple fixed a critical vulnerability in the XRP Ledger that could have allowed creation of XRP worth 184 times the fixed supply, but drew criticism over a $250,000 bug bounty. Blockchain investigator ZachXBT said the reward was too low given the potential risk to billions of dollars in assets and warned it could distort researchers’ incentives. Ripple said it found no signs of exploitation and that an attack would have required unusual conditions.

Crypto

Bubblemap warning comes true as LAB token plunges 99.6 percent from record high

LAB token has fallen 99.6 percent from its all-time high, trading around $0.12. The value of holdings in 313 wallets tied to Legion presale participants tracked by Bubblemap fell to $6,768,048 from more than $1 billion, after peaking at $519,517,144 on July 3. The slide accelerated in July amid liquidations and alleged large sales. Markets are watching planned monthly unlocks of 16.23 million LAB from Aug. 14 to Dec. 14.