According to Cointelegraph, a crypto trader known by the pseudonym qklpjeth recently disclosed a significant financial loss due to a simple error. In June, qklpjeth mistakenly transferred 7,912 Renzo restaked ETH (ezETH), valued at $26.4 million at the time, to an incorrect safe contract address. This mistake resulted in the funds being locked and inaccessible. The investor explained that the error was due to copying the wrong address, leading to the unfortunate situation.
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Trader Skew provided insights into the likely mechanics behind the rally, suggesting that large-volume traders may be using “spoof” ask orders to push prices artificially lower, allowing them to buy BTC at discounted levels. By creating price momentum, these traders may aim to attract algorithmic buyers, helping them reach an unofficial target of $80,000.
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According to Odaily, U.S. Congressman Mike Collins has made a significant investment in the cryptocurrency market by purchasing Ethereum worth $80,000. This move highlights the growing interest and involvement of public officials in digital currencies.
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