0xScope Newsletter #45: Join Us at OpenScope
Also: Bringing AI price predictions to crypto, whales circling around $PEPE, a $5.5B gain in exchange asset value, a $335M unlock for $AVAX, and more.
Introducing OpenScope: Bringing Event-Based AI Price Predictions to Crypto
🚀 We have launched OpenScope, the first decentralized AI subnet for crypto event trading, in partnership with Commune AI, whose community just committed 5M $COMAI tokens for staking.
🔮 OpenScope is created as a community-led platform that will be instrumental in building the most accurate AI price prediction tool for crypto.
You can join the OpenScope testnet now at https://open.0xscope.com.
How to join OpenScope? Be an OpenScope Miner or Validator.
In the near future, we intend to make our comprehensive Web3-focused AI training data open-source to everyone, starting with event-trading data.
On-chain Data
Exchange assets rise by $5.5B, all but 2 major CEXes rise
This week, major crypto exchanges saw net asset gains worth $5.5B, with the highest growth rates coming from Bitstamp (+8.77%) and Crypto.com (+6.35%). Not all exchanges are in the green this week, with net assets on Bitget and HTX falling by 5.13% and 3.71%, respectively.
Upcoming token unlocks for $AVAX, $APE
This week, watch out for the $19.35M unlock by $APE on May 17, followed by the even bigger $335.25M unlock from $AVAX on the same day.
If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.
Scoped on Scopescan: Whales Around Surging $PEPE
Meme coin $PEPE recently rose to a new all-time high of $0.00001141 on May 15, after the market frenzy generated by Roaring Kitty’s re-emergence from a three-year hiatus on Twitter. Here are the whales that made major moves on the trending meme coin:
On May 13, whale 0x4cff sent 121B $PEPE ($1M) to a Binance deposit address.
On May 14, a whale withdrew 407B $PEPE ($4.2M) from Binance. This whale previously bought $PEPE at $0.0000012 and sold at $0.000007.
On May 15, a wallet related to ParaFi Capital withdrew 95B $PEPE ($1.06M) from Binance at $0.00000985 per token. At the time, the price of $PEPE was $0.00001112.
On May 16, an address belonging to Cumberland withdrew 202B $PEPE ($2.2M) from OKX and distributed it to a BlockTower Capital-related address and a Crypto Finance Group address. Meanwhile, another whale took out 520B $PEPE ($5.3M) from Binance.
Here are some notable whale transactions recently tracked by our Scopescan team.
Binance moved over $2.7B worth of $BNB to BNB Chain: Stake Hub
A whale withdrew 37K $ETH ($112M) from Ether.fi and deposited all of them to
Coinbase.
Abraxas Capital withdrew 20,881 $ETH ($62M) from Compound and Bitfinex, then staked all of it to Ether.fi.
A Mirana Venture-related address withdrew 3,096.7 $ETH ($8.94M) from Mantle and deposited it to Binance.
An address belonging to Justin Sun received 2.08M $EIGEN.
An Amber Group-related address withdrew 3.2K $ETH ($9.7M) from Binance, OKX, and Gate.io.
Don’t miss out on the latest whale movements. Sign up for Scopescan here.
Company Announcements
Subscribe to Scopechat Pro
Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!
Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).
Be the next 0xScope Ambassador!
0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.
Quick Bites
Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains - LINK
Millennium Management discloses $2B in Bitcoin ETF holdings - LINK
CME looks to take On Binance and Coinbase, could launch spot Bitcoin trading: report - LINK
BlackRock bags one-third of $1.3B tokenized US bond market only two months after launch - LINK
Tornado Cash developer Alexey Pertsev appeals guilty verdict - LINK