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Santiment has spotted a positive development in the Chainlink ecosystem. Chainlink’s social media engagement surged significantly in the past six months. Whales accumulated notable amounts of LINK since September 2024.
Quick Take Bitcoin retraced modestly compared to altcoins as Friday’s U.S. PCE Index data reaffirmed growing inflation unease. The broader crypto market was harder hit by the news, with ETH, SOL, and XRP sliding over 6% in the past 24 hours. Inflation data may disincentivize the Federal Reserve from further rate cuts in May, but catalysts for a bounce still exist, according to experts.
Quick Take Bitcoin dominance has risen to 58%, defying expectations of an altcoin market rotation despite favorable conditions. The following is an excerpt from The Block’s Data and Insights newsletter.
- 00:52White House Delays CFTC Chair Nomination Vote, Possibly Due to Quintenz’s Attempt to Obtain Confidential Information from CompetitorsAccording to ChainCatcher, as revealed by crypto journalist Eleanor Terrett, the White House has postponed the vote on advancing the nomination of the CFTC chair. The delay is reportedly due to concerns that the nominee, Quintenz, and his team sought to obtain confidential CFTC information related to competitors such as Polymarket and PredictIt while he was still serving as a director at Kalshi, raising issues of potential conflicts of interest.
- 00:47Data: A major whale has accumulated as many as 648,000 ETH since July 10, with a total value of approximately $2.44 billionAccording to ChainCatcher, Ember monitoring has reported that address "0x3dF...E3E" continued to accumulate 12,000 ETH through Galaxy Digital seven hours ago, valued at $45.01 million. Since July 19, this address has accumulated a total of 112,972 ETH over eleven days, worth $413 million, with an average price of $3,662 per ETH. Since July 10, addresses (not belonging to the same entity) that have been accumulating large amounts of ETH through multiple channels have now amassed as much as 648,000 ETH, valued at approximately $2.44 billion, with an average price of about $3,445 per ETH.
- 00:47Crypto journalist ZachXBT investigation leads to Cameron Redman’s conviction and order to pay damagesAccording to ChainCatcher, on-chain investigator ZachXBT reported that Canadian Cameron Redman has been convicted and ordered to pay compensation as a result of his investigation. In June 2022, Redman profited 250 ETH by selling access to X platform panels, which led to the theft of more than 10 prominent accounts—including JRNY, Beeple, Nouns, Zeneca, and DeeKay—and millions of dollars in assets were stolen through phishing scams. Redman was previously known for stealing $37 million in a SIM swap attack in 2020.