Here’s what happened in crypto today
In today's crypto news, the market continues to face pressure as an unidentified Ethereum whale made a $14 million deposit in Ether to prevent a potential liquidation of a $340 million position on MakerDAO. This move came as the whale was nearing liquidation thresholds due to a market slump that saw Ether prices drop significantly, resulting in a loss of over 67,000 ETH. Meanwhile, Bitcoin's hashrate has experienced a historic milestone, topping 1 zetahash per second for the first time. Although it hovered around this level briefly, it has since fallen below 0.95 ZH/s. This increase represents a thousandfold growth since Bitcoin first reached 1 exahash per second in early 2016. In other news, cypherpunk Jameson Lopp has raised concerns about Bitcoin address poisoning scams. These scams involve tricking users into sending funds to malicious addresses that mimic legitimate ones in their transaction history. Lopp has advised Bitcoin holders to improve their wallet security practices by carefully verifying destination addresses before any transactions.
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