Bitcoin (BTC) is witnessing a fierce battle between the bulls and the bears. The buyers are trying to keep the price in the range of $56,552 to $73,777, while the bears are trying to push the price down. The sellers pushed the price down to around $53,500 on July 5, but the lower levels attracted the bulls to buy.According to Farside Investors, the U.S.-based Spot Bitcoin ETF saw net inflows of $143.1 million on July 5, the largest in a month. In a post on X, Bitwise Asset Management CEO Hunter Horsley said that investors without exposure to Bitcoin “have…
Author: Crypto Flexs
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Pink Drainer lost 10 ETH ($30,000) in an address poisoning scam that exploited address similarity. The attackers tricked Pink Drainer into sending funds by imitating his wallet address. The attack came days after Pink Drainer announced it was shutting down operations. Surprisingly, the infamous cryptocurrency wallet leaking group Pink Drainer fell for an address poisoning scam and lost 10 ETH, worth around $30,000. The attack was flagged by cryptocurrency compliance platform MistTrack via a July 7 post. What happen? Address poisoning scams exploit the similarity between legitimate wallet addresses and fraudulent wallet addresses. In this case, the attacker sent a…
PayPal’s US dollar-pegged stablecoin, korean: -0.10% — Launched in August 2023 in partnership with custody company Paxos, with a market supply of over 500 million tokens.Since its launch, PYUSD’s supply has reached 230 million by the end of 2023. Since then, the stablecoin’s total supply has more than doubled, surpassing 500 million (or $500 million) this month, according to DeFiLlama data.In particular, stablecoin supply has increased by 97% in the past month, from 270 million on June 26 to over 533 million today. This puts PayPal in the top 10 stablecoin issuers, while Tether USD leads the field with over…
Celo has launched Dango, a layer 2 testnet that signals early steps toward integration with the Ethereum ecosystem. Celo leveraged Optimism’s OP stack to make this plan a reality. In a major move toward becoming part of the Ethereum (ETH) ecosystem, Celo, a blockchain platform designed specifically for mobile phone users, has launched the Dango Layer 2 testnet. This represents a major step forward in Celo’s plans to integrate with Ethereum. It takes two to make a dango The Dango testnet proposed at EthCC 2023 facilitates the migration of developers to a new iteration of the Celo blockchain focused on…
Cryptocurrency custodian Hex Trust has partnered with Monad Labs to become the first custodian to offer custody services on the Monad Layer-1 network. According to a press release seen by crypto.news, Hong Kong-based cryptocurrency custody provider Hex Trust has partnered with blockchain developer Monad Labs to provide these services to the Monad ecosystem. The blockchain developer said the collaboration represents a “significant milestone” as Hex Trust becomes “the first custodian to support asset custody on the Monad blockchain.” Joey Anthony, head of business development at Monad Labs, said in a statement that the company chose the Hong Kong-based custodian because…
Binance Futures has announced updates to leverage and margin tiers for several USDⓈ-M perpetual contracts, including RNDRUSDT, ZROUSDT, ZKUSDT, and LISTAUSDT. According to Binance, the new tiers will take effect on July 9, 2024 at 06:30 (UTC). Update Details The adjustments to leverage and margin levels have been implemented to provide users with better risk management and trading experience. It is important to note that existing positions opened prior to the July 9 update will not be affected by these changes. Additionally, Binance Futures will further update the leverage and margin tiers for KNCUSDT, ICXUSDT,…
Bitcoin has 3 months left until its bull market resumes, but it could still achieve a 300% rally by 2026.These are some of the conclusions from the latest BTC price analysis by an anonymous engineer named Apsk32.BTC Price ‘Acceleration’ Likely to Be Absent for At Least 3 MonthsApsk32, in a post on X on July 9, used the power law indicator to predict future performance of the Bitcoin (BTC) market.The power law essentially provides a lower BTC price support band, which has been in place since BTC/USD traded at just $1. Several other bands, or “timelines,” provide additional price information,…
According to cybersecurity firm Cyvers’ annual Web3 Security Report, the total amount of cryptocurrency funds stolen by 2024 is expected to approach $1.4 billion, with centralized exchanges emerging as a new hotbed of exploitation. Total cryptocurrency losses in Q2 2024 will exceed $600 million, a 100% increase over the same period in 2023. The surge in stolen funds is primarily due to a 900% increase in losses at centralized exchanges, according to the report. “This quarter saw a significant shift in attack vectors, with centralized exchanges (CEXs) suffering the majority of major incidents, but decentralized finance (DeFi) protocols showing improved…
Bitcoin has struggled to regain its upward momentum since its drop from $62,800 about a week ago, fueling speculation of an imminent further decline. However, BitfinexA leading Hong Kong-based cryptocurrency exchange recently predicted in an analysis report that Bitcoin could potentially be heading towards a domestic bottom, suggesting that its recent downtrend could be coming to an end. Is Bitcoin’s Downtrend Ending? Cryptocurrency exchange Bitfinex released its latest Bitcoin predictions on Monday. Alpha-112 Report. This prediction is consistent with the recent massive sell-off in BTC, which may have had a negative impact on the cryptocurrency asset, leading to significant declines…
Ethereum Cryptocurrency Firm Loses $3.5 Million in Unrealized Profits Due to Bad Timing PEPE coin is on track to fully recover its all-time high by the end of May 2024. Monday’s cryptocurrency crash had an impact on PEPE, but a bounce has yet to be confirmed. A case has been made that shows how major Ethereum (ETH) players can potentially turn huge profits into huge losses when playing with meme coins. As discovered by crypto whale tracker SpotOnChain, a single individual deposited 519B Pepe Coins (PEPE).Massive PEPE Coin Selling WrongThis digital asset is worth $5.11 million at the time of…