Web3 Diaries-Tether Is Now The 11th Largest Bitcoin Holder In The World
In a move that will arouse curiosity and speculative thinking about its potential to affect the market, stablecoin issuer Tether has risen to the position of the world’s 11th largest bitcoin holder.
Although Tether hasn’t made its bitcoin addresses public, research analyst Tom Wan of 21.co claims to have found a possible Tether address that now houses roughly 55,022 bitcoins worth about $1.6 billion.
Tether is the 11th-largest bitcoin holder — the rankings are also maintained on Dune Analytics by 21.co. Tether declined to comment.
Elon Musk Claims X ‘Never Will’ Launch A Crypto Token
Tech mogul Elon Musk stomped out any chances of Twitter (or X) establishing its own cryptocurrency token after years of wild speculation and frenzied tea-leaf reading by cryptocurrency enthusiasts, and Dogecoin enthusiasts in particular.
The news came not in a formal announcement, or even a Twitter post, but in a reply to another user.
In a reply on the social media platform he owns, Elon Musk declared that X, formerly Twitter, will “never” launch its own crypto token.
Musk’s statement came in response to a warning from user @cb_doge, who urged users not to fall for fake tokens or memecoins masquerading as official X-sanctioned crypto projects — or news articles discussing them.
Trader Nabs 800 ETH By Baiting A Bot
YouTuber and nonfungible token (NFT) trader Hanwe Chang said he scored 800 Ether around $1.5 million, by tricking a rival trader’s bot into buying his own inflated NFTs.
Chang said in a post on X (Twitter) on August 5 that he discovered a bot replicating his bids on the NFT marketplace Blur and chose to mislead it.
A NFT-specific account A Raving Ape conjectured that Chang may have bought several Azuki NFTs with the same backdrop color from a different, anonymous wallet.
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