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The daily news is packed with crypto events that investors eagerly await. This time, a strange burning of $4.5 million worth of Ether (2,500 ETH) by a mysterious user has sparked community interest.
In contrast, excitement is in the air for new updates on Big Eyes Coin (BIG) with the launch of Big Eyes Infinity (BIGINF), 819Casino and (P2E) games. Additionally, Monero’s Exchange (XRM) is getting more attention for its safety measures against hacking and fraud with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility.
Who Is The Stranger Behind Ethereum Burning?
The cryptocurrency community was taken aback by a puzzling event where 2,500 Ether (ETH), valued at $4.5 million, were burned. On July 26, an unidentified person using the Ethereum Name Service (ENS) name “nd4.eth” sent a significant amount of Ether to a burn address, effectively erasing the coins and taking them out of circulation in a monumental token burn. This whale is not yet known to the public, and some Twitter users speculate that he had more than $20M in GMT earnings that were all shorted into BTC.
Predictions & Analysis Of The Incident
Insights from Lookonchain’s on-chain analysts reveal details about the sender. This person holds many tokens from trading protocols, including 34,287 GMX tokens (worth $1.84 million) and 311,003 Gains tokens valued at $1.43 million. Along with the 2,500 ETH, they also sent 1.5 ETH, 34.9 GMX, and 600 GNS tokens, totaling about $7,000, to the burn address.
In other news, Ethereum might take on the role of the internet’s financial layer as PayPal. PayPal has introduced a stablecoin called PayPal USD (PYUSD). PayPal utilising Ethereum’s blockchain for its speed, cost, and programmability, Ethereum could evolve into the internet’s monetary layer. PYUSD, an ERC-20 token, is fungible, making it interchangeable with various tokens.
Monero’s Crypto Security
Monero prioritises privacy over KYC/AML procedures, leading to delisting from exchanges like BitMEX and Kraken. Its approach to CDD has drawn regulatory attention. Monero’s ring signature conceals fund sources, mixing transactions with unrelated parties, making tracking challenging. It differs from other cryptocurrencies’ anonymization techniques. Monero splits transferred amounts into smaller sums, each treated as a separate transaction with unique addresses. With the ring signature, these split sums are mixed with other transactions, enhancing privacy. For instance, a 200 XMR transfer is divided into distinct sums, mingled with other transactions, making it intricate to trace.
Big Eyes Coin’s Infinity Presale
If we ask which is the top presale so far, Big Eyes Coin’s presale is the dominating presale due to its success. As the excitement over presales continues, BIG rewards its supporters and community with another road to success and popularity. Post-presale, (BIGINF) tokens will be airdropped to holders and launched on a DEX for maximum community profits. The utility token will feature an adorable cat mascot. Holders gain access to the Big Eyes platform, including the 819Casino and P2E games.
Since Big Eyes’ implementation of the autoburn function and LP acquisition, the value of the ERC-20 token has increased. Great marketing efforts are in place to keep the crypto project relevant and by focusing on protecting aquatic life through charitable efforts, this organisation can maintain its relevance and popularity.
The Future of ETH, XRM & Top Presale Crypto BIG
After the exciting events that are going on, the anticipation of investors is getting stronger, and speculations are roaming in the air for new developments regarding Ethereum’s mysterious burning incident. Monero is usually known as an anonymity-enhanced cryptocurrency (AEC), and its popularity is rising because people appreciate safety and privacy.
Big Eyes Coin and its Big Eyes Infinity presale (BIGINF) is going to be the top presale after many successful endeavours by BIG. The BETA edition of the 819Casino will be available on August 29th, followed by the full version along with the P2E games, slated to launch by the close of September 2023.
Big Eyes Infinity (BIGINF)
Presale: https://buy1.bigeyes.space/
Website: https://bigeyes.space/
Telegram: Contact@BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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