<p>Authorities in South Korea have arrested executives of one of the country's largest exchanges, Coinone, on suspicion of taking bribes to list tokens.</p>
<p>The post <a href="https://beincrypto.com/south-korea-arrests-coinone-employees/" rel="nofollow">South Korea Pursues Manhunt for Yet Another Fugitive Crypto Leader</a> appeared first on <a href="https://beincrypto.com" rel="nofollow">BeInCrypto</a>.</p>

South Korea Pursues Manhunt for Yet Another Fugitive Crypto Leader

Arbitrum (ARB), a prominent governance token in the decentralized finance (DeFi) ecosystem, recently witnessed a decent surge in price following renewed buying activity from a well-known DeFi whale address.  Large-scale investors often influence market sentiment and can significantly impact the price of a given asset. However, as the rally unfolds, questions arise about the sustainability of this upward momentum and its implications for the future of Arbitrum. Related Reading: Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility Whale’s Unusual Buying Activity Coincides With ARB’s Rally Arbitrum’s (ARB) current price of $1.24 on CoinMarketCap highlights its remarkable performance, with a noteworthy 3.4% rally witnessed within the past 24 hours, followed by an impressive seven-day climb of 7%. Interestingly, this surge in value coincided with unusual buying activity associated with renowned trader Andrew Kang’s crypto addresses. Source: CoinMarketCap Particularly noteworthy is the fact that Andrew Kang, co-founder of Mechanism Capital, has been making some interesting movements within the Arbitrum ecosystem. Kang put $1 million worth of stablecoins into Arbitrum pools and allocated nearly a quarter of the funds to the purchase of RDNT tokens. RDNT is the native token of the DeFi lending platform Radiant Capital. BTCUSD currently trading at $27,150 on the weekend chart: TradingView.com Related Reading: XRP $1 Threshold On The Horizon? Noted Trader Fuels Speculation After filling his bags with RDNT, Kang subsequently exchanged his newly acquired tokens and existing RDNT reserves for $867,000 worth of ARB. These transactions were further followed by Kang depositing the proceeds into Radiant Capital, where he borrowed Circle’s USD Coin. These details have been revealed through data obtained from Lookonchain, a reliable data resource. Seems like Andrew Kang is using leverage to go long $ARB on @RDNTCapital. Buy $ARB → Deposit $ARB → Borrow $USDC → Buy $ARBhttps://t.co/PQwi0Zj9TT pic.twitter.com/afXjeRtTpv — Lookonchain (@lookonchain) June 2, 2023 Multiple Whales Seize Opportunity As ARB Price Improves In addition to Kang’s intriguing buying activity, another significant player, known by the address “0xf59b,” has also recognized the potential in ARB’s upward trajectory. This whale made a strategic move by depositing 1.2 million ARB tokens, equivalent to $1.5 million, into the popular cryptocurrency exchange OKX. Whale”0xf59b” finally waited for the rise of $ARB and deposited 1.2M $ARB ($1.5M) into #OKX 30 minutes ago. He withdrew 1.2M $ARB from #OKX on May 8th, and the buying price may be around $1.2.https://t.co/cJReZfg007 pic.twitter.com/jFwBRtPUpK — Lookonchain (@lookonchain) June 2, 2023 This whale’s decision to pull the tokens out from OKX on May 8 and potentially purchase them at around the $1.2 mark suggests a deliberate strategy of waiting for a price increase before taking advantage of their holdings. By carefully timing their actions, this entity sought to maximize their potential gains as ARB’s value climbed. These recent large-scale investments signify a growing optimism surrounding Arbitrum’s Layer 2 solution, despite the challenges it has faced in the market recently. The renewed interest from both Kang and the whale behind the address “0xf59b” reflects a belief in the long-term viability and potential profitability of ARB. Furthermore, these strategic moves by multiple whales indicate a broader sentiment within the crypto market. As the Ethereum network gradually recovers from the recent drop, there is a growing expectation of increased activity on Layer 2 networks. This anticipation sets the stage for a potentially bullish cycle for these networks, including Arbitrum. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from The Conversation

Whale’s ARB Accumulation Rekindles Momentum For DeFi Token – Here’s Why

Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 23%.  This surge reflects the growing market interest in the platform and underscores the utility and governance features associated with the INJ token. Serving as a dual-purpose instrument, the INJ token empowers users by offering them utility within the platform while granting them a say in shaping its future through governance mechanisms.  What’s The Cause Of The Spike? At the time of writing, the price of INJ stands at $7.83, experiencing a minor 0.9% decline within the day. However, over the course of the week, INJ has demonstrated a commendable increase of 23%. This surge in price is coupled with a circulating supply of $100 million, contributing to the platform’s liquidity and overall market dynamics. The positive market sentiment and a high Total Value Locked (TVL) have been identified as key factors driving the recent price boom for Injective (INJ). Related Reading: Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing Exciting developments lie ahead for Injective as it reveals its plans to revamp its proof-of-stake (PoS) delegation mechanism through the Avalon upgrade. This upgrade will introduce an advanced system, incorporating sub-second block times and layer-1 scalability optimizations. By leveraging the Avalon upgrade, Injective (INJ) aims to enhance transaction speed and efficiency, promising a more seamless user experience on the platform. The impressive growth of Injective (INJ) and its commitment to innovation through the Avalon upgrade position the project as a notable player in the blockchain industry. With a positive market outlook and advancements on the horizon, Injective (INJ) continues to captivate investors and enthusiasts alike. What’s Next For Injective (INJ)? Injective (INJ) is gearing up to revolutionize its decentralized exchange (DEX) by introducing the Avalon upgrade, which promises to deliver improved performance, scalability, and an enhanced user experience. This upgrade is expected to positively impact the price of Injective (INJ), according to analysts who suggest a potential bullish sentiment for the token. With the Avalon upgrade, Injective (INJ) aims to elevate its DEX to new heights, offering faster and more efficient transactions. Implementing sub-second block times and layer-1 scalability optimizations is poised to attract more users to the platform and drive increased demand for the token. Related Reading: Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility The market outlook for Injective (INJ) appears promising, with analysts predicting a potential price increase. Speculations suggest that the price of INJ could reach $9.74 by the end of 2023, reflecting a bullish sentiment among investors and signaling confidence in the platform’s future growth. As Injective (INJ) prepares to unlock the full potential of its decentralized exchange with the Avalon upgrade, traders and enthusiasts eagerly anticipate the enhanced performance and scalability it will bring. With positive market predictions, the future looks bright for Injective (INJ) as it aims to solidify its position as a leading player in the blockchain ecosystem. -Featured image from iStock.com and charts from TradingView.com

Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days – Here’s Why

Arbitrum (ARB) recently unveiled an exciting revelation about the future of one of its bridged stablecoins, marking a significant turning point for the network. The announcement coincided with the highly anticipated launch date confirmation for the native version of the stablecoin on the Arbitrum platform. On June 1, Arbitrum and Circle jointly announced the upcoming […]
The post Arbitrum to Phase Out Bridged USDC with Latest Revamp appeared first on BitcoinWorld.

Arbitrum to Phase Out Bridged USDC with Latest Revamp

As a tier-1 memecoin, Shiba Inu has struggled with attracting the kind of liquidity it had in 2021. The path ahead is limited for SHIB, so where can it head next?

Shiba Inu in liquidity squeeze – end of the road for SHIB?

A former TikTok crypto influencer has been forced to forfeit a gold physical bitcoin and more than $17,000 in cash after pleading guilty to wire fraud

Crypto influencer on TikTok pleads guilty to $1.2 million fraud

YouTube channel Simply Bitcoin recently posted a YouTube video with guest Dr. Albert Ngi, who is the Optemerist to accept crypto payments including Bitcoin. The video further delved into the Government’s new strategy to “Stop Bitcoin Adoption,” as the title suggests. In the beginning, the show host announces that the Bitcoin price stood at $27,065 […]
The post Unveiling Government’s Anti-Bitcoin Strategy: Insights From Simply Bitcoin appeared first on Coin Edition.

Unveiling Government’s Anti-Bitcoin Strategy: Insights From Simply Bitcoin

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00:00 Sniper Trading School - Top 10 Takeaways
02:20 Trading Crypto - The Time is Now 
06:33 Take Your Profit or Someone Else Will
11:13 Using the Risk-to-Reward Ratio Tool
14:45 Trading Altcoins - Build Your Army
17:26 Learn Trading - Mindset is Everything
21:18 Surround Yourself With Winners
24:17 Creating a Trading Journal
26:30 Don't Follow the Herd
31:22 Timeframes & RSI - Back to the Basics
36:46 Taking Breaks from Trading

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Timestamps:
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00:46 - Bitcoin analysis
08:32 - Trading update
11:40 - The market is confused

 

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DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don't make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already experienced traders!

**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor.  Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.
 
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