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3 cryptocurrencies to avoid amid $130 million in token unlocks

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Three cryptocurrencies will unlock over $130 million in tokens this week, which cryptocurrency traders should avoid having substantial exposure to. These unlocks have the potential to flood the market, leading to increased selling pressure and significant price fluctuations. On June 26, Finbold retrieved data from the TokenUnlocks.app , which shows $198.42 million in the seven-day cliff unlocks. Notably, this week’s three leading protocols will release $137.02 million in tokens, accounting for 69% of the total. Fifteen projects make up the “next seven days cliff unlocks.” Cliff Unlocks Next 7D. Source: TokenUnlocks.app Moreover, Ripple will unlock 1 billion XRP on July 1, worth $470 million, as it does monthly. Finbold already covered Ripple‘s unlock in a unique report published today. Picks for you Beware: Ripple to unlock 1 bil...

Michael Saylor’s MicroStrategy invested around $347 million in Bitcoin

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Join Our Telegram channel to stay up to date on breaking news coverage MicroStrategy ’ s recent Bitcoin investment has taken the crypto space by storm. The company has been buying Bitcoin from April this year to June and has now emerged as the world ’ s largest corporate owner of Bitcoin. In the recent investment, MicroStrategy invested around $347 million to buy 12,333 Bitcoin. The investment took place at an average price of $28,136 per Bitcoin. This recent buy-in pulled up the company ’ s holdings to a total of 152,333 Bitcoin, which was acquired at an average price of $29,668 per Bitcoin and amounted to $4.52 billion. Saylor Took to Twitter to Announce his Recent Acquisition. Michael Saylor of MicroStrategy took to Twitter to announce the company’s largest Bitcoin acquisition since 2021, when it had bought over 13000 Bitcoin at an average price of $37,615. Later in 2021, the price of Bitcoin almost doubled when it soared to nearly $70000. MicroStr...

Crypto sleuth ZachXBT raises $1.1 million and counting for legal defense

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Pseudonymous crypto sleuth extraordinaire, ZachXBT, recently became the target of a defamation lawsuit in US District Court in Texas. To mount a defense , he appealed to crypto Twitter for help raising the necessary funds for attorneys, which he estimated to exceed $1 million . Less than three days and over 18,000 Ethereum transactions later, ZachXBT has raised $1.1 million , with more coming in all the time. Loading Tweet.. Just over a year ago, ZachXBT published an account of his detailed on-chain forensic investigation into Jeffrey Huang, also known as Machi Big Brother, a Taiwanese-American former musician and tech entrepreneur who was involved in various controversial crypto projects. Among the allegations was that Huang embezzled 22,000 ether (about $10 million at the time) from Formosa Financial, a startup he co-founded which conducted a private token sale in 2018. ZachXBT tracked transfers of ether (ETH) from the Formosa treasury to various Binance accounts and wallets...