🐋 "Sleeping" whales are behind the recent ETH price surge

🐋"Sleeping" whales are behind the recent ETH price surge 💅 Meta teams up with L'Oréal and HEC Paris for a startup acceleration program 👴 Cryptocurrencies: The retirement plan of the future?

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🐋"Sleeping" whales are behind the recent ETH price surge

💅 Meta teams up with L'Oréal and HEC Paris for a startup acceleration program

👴 Cryptocurrencies: The retirement plan of the future?

"Sleeping" whales are behind the recent ETH price surge

It's not just retail investors and smaller whales driving the recent bullish ETH market. A long-dormant whale wallet, holding over $22 million worth of ETH, has awoken after six years of inactivity and supposedly served as a catalyst for ETH's current price surge.

The whale's decision to move their tokens to an empty wallet could indicate that they are preparing for a potential sell-off or accumulation of more ETH. That's according to crypto market intelligence platform Santiment, who also noted that ETH's price has risen 8.1% since the wallet activity was recorded.

ETH is hitting new highs, jumping above $1,500 for the first time since the Merge upgrade was completed.

Whale wallets have been active in the past few weeks, with Santiment previously reporting that whale addresses have moved around 320,000 ETH since Oct. 20. These movements have played a role in ETH's price fluctuations, with the price first declining before bouncing back considerably.

Meanwhile, traders who shorted ETH have faced losses as the price has rebounded. Short positions worth more than $105 million were liquidated within an hour on Oct. 25, with most of the trades happening on FTX.

Whales continue to hold significant influence over the market, so investors should definitely keep an eye out for any large movements or wallet activites.

Meta teams up with L'Oréal and HEC Paris for a startup acceleration program

Like the nerdy girl on the block getting an exotic makeover by fashion professionals, Meta teams up with one of the leading makeup brands L'Oréal and HEC Paris business school to bring you the latest in Metaverse innovation. Forget about mundane updates on boring stuff like improved user experience or a stable virtual economy though - we're talking about Metaverse avatars.

Meta tries to prove that it's not just about the tech, but also about the creative side. And what better way to show off their creativity than partnering with a makeup brand and business school for a startup acceleration program? Because nothing screams creativity like beauty products and corporate strategy. The event will take place at the popular startup hub, Station F in Paris.

The goal of this partnership is to create a program for businesses in the Metaverse and support enterprises in the field of 3D production, AR, VR, mixed reality, avatar creation, and all things web3 - and yeah, Meta has been failing to prove their worth in those areas for now, so it seems that they're trying to make up for it.

But hey, at least this way we might potentially get some decent virtual makeup options in the Metaverse. That's worth something, right? All in all, more startups and innovation can never be a bad thing. So, let's see how this all pans out. Maybe we're in for some real game-changers.

Cryptocurrencies: The retirement plan of the future?

According to a survey from Charles Schwab, Gen Z and Millennials are apparently so obsessed with cryptocurrencies that they want to add them to their retirement plans.

That's right, instead of investing in traditional retirement vehicles like stocks and bonds, these young adults apparently want to put their nest eggs in the world of crypto tech.

The survey also found that a large percentage of these demographic groups are already investing in cryptocurrencies outside their retirement plans. Nearly half of them, in fact.

1,100 people aged 21 to 70 participated in the survey, which was conducted in April 2022. The survey participants were all current contributors to their company's 401(k) plans, and worked for companies with at least 25 employees.

So why do Gen Z and Millennials seem so interested in it? Perhaps it's the allure of new technology or the potential for huge returns. But is investing in cryptocurrencies a smart move for retirement savings? We can't know that yet, as the digital asset market is still relatively new and unpredictable.

The millennial generation has always been known for bucking tradition and going against the grain, and this might just be the latest example of that. But before you quit your job and put all your savings into crypto, remember that cryptocurrency is still a highly volatile and unpredictable market. So don't put all your eggs in one (digital) basket. It's always important to diversify your investments, no matter what generation you belong to.