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The network saw over 1 million unique active wallets accepting or sending ETH, the second -highest amount in the asset’s history . The Ethereum (ETH) network registered a spark of activity on Sept. 13, as the number of unique active wallets (UAW) connected to the network hit 1,089,893. In an X post, Blockchain analysts at Santiment said this was the second -highest amount of UAW in Ethereum’s 8+ year history , suggesting that such spikes “could be the capitulation signal needed for prices to rebound.” Daily active addresses interacting with ETH (orange) vs Ethereum price (green) | Source: X The last time the Ethereum network witnessed a spike in on -chain activity was on Dec. 9, 2022, when the amount of UAW set an all-time high at 1.42 million, with ETH trading at around $1,265, according to data from Santiment. Daily active addresses interacting with ETH (black) vs. Ethereum price (green) | Source: Santiment FTX liquidations as a possible trigger Alt...

Cardano (ADA) shark and whale addresses have amassed more tokens amid the persistent downturn, accumulating $116 million worth of ADA in two months. This accumulation trend coincides with a consistent rise in on-chain volume. Santiment disclosed on Aug. 8 that whale and shark addresses holding between 100,000 and 10 million ADA have been buying the dip. As a result, the rate of ADA’s circulating supply collectively held by these addresses has surged to levels not witnessed since September 2022.  As #Cardano sits just above $0.29, whales and sharks holding between 100K-10M $ADA have accumulated back to their highest level since September, 2022. Additionally, #onchain transaction volume has been rising nearly every week for the past 6 months. https://t.co/x9mUHDIhnx pic.twitter.com/X9WphDpPvy — Santiment (@santimentfeed) August 8, 2023 Similarly, transaction volume has continued to rise over the past six months. Following the low in February, transaction volume gai...

Security teams are investigating the cause of the attack. Reports have surfaced of tokens being lost, transaction data being erased, and even entire crypto portfolios being lost. At least $35 million worth of crypto assets have been stolen from Atomic Wallet users since June 2, according to an Analysis from on -chain sleuth ZachXBT. The five largest losses account for $17 million. According to Atomic Wallet on Twitter, the cause of the attack is being investigated. Reports have surfaced of tokens being lost, transaction histories being erased, and even entire crypto portfolios being stolen. An independent investigation carried out by pseudonymous Twitter ZachXBT, known for tracing crypto stolen funds and assisting hacked projects, has found the largest victim lost $7.95 million in Tether (USDT). "Think it could surpass $50m. Keep finding more and more victims, sadly," commented ZachXBT. Screenshot: ZachXBT's investigation into Atomic Wallet's hack. Source: ZachX...

Join us as we discuss the potential for on-chain data and how it can make you a better trader. In this week’s episode of Market Talks, Cointelegraph welcomes Miguel Morel, CEO of Arkham Intelligence — a blockchain intelligence company that has built a platform that provides information on real-world entities and individuals behind crypto market activity. In today’s discussion with Morel, we will explore how and why on -chain data is useful and perhaps some ways that technical trader s should be using it. We will also talk about what might be next for the Ethereum network now that withdrawals are activated after the successful implementation of the Shanghai upgrade, and how on -chain data can help trader s navigate this phase. We kick things off with the latest major event in the crypto space, the Ethereum Shapella hard fork, which went down without a hiccup. We ask Morel what the primary takeaway is that the crypto industry and investors should focus on and what the data says about...