TON blockchain has been the crypto success story of 2024. Toncoin’s price has increased more than five times over the past year and surged into the top 10 cryptocurrencies by market capitalization. Its clicker games with airdrops like Notcoin and Hamster Kombat have helped drive daily active addresses above Ether’s. The 900 million users of the Telegram messaging platform excites proponents who see TON as a potential mass adoption play. The eye-watering numbers are a project’s dream, but it’s also an oasis for drainers stuck in Ethereum, where lakes of victims are starting to dry up. TON records more users…
Author: Crypto Flexs
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According to the latest report from web3 bug bounty and security services platform Immunefi, the cryptocurrency industry has lost $572.7 million due to 72 hacks and frauds so far in the second quarter of this year.The losses represent a 70.3% increase from the $336.3 million worth of exploits in the first quarter, and a 112% increase from the second quarter of 2023, when hackers and fraudsters stole $265.5 million. More than $900 million has been stolen through hacks and fraud so far this year, up 24% from the same period last year, according to Immunefi data.With a total value locked…
Blast, an Ethereum Layer 2 solution, is making waves in the crypto community with its unique integration of native yields on ETH and stablecoins. According to blog.bitfinex.com, the protocol distributes yields from decentralized sources such as ETH staking and the on-chain T-Bill protocol directly to users, providing 4% yields on ETH and 5% yields on stablecoins. Key features of Blast Blast operates as an EVM-compatible optimistic rollup, making it easier for users and developers to benefit from higher baseline yields without changing their familiar Ethereum experience. A standout feature is the automatic rebase mechanism, which…
In a new cryptocurrency market change, TRX ranks 10th in SHIB. Tron founder Justin Sun buys more Ethereum as price falls Tron Network Exceeds $53 billion It surpassed VISA in daily trading volume. During turbulent times in cryptocurrency, veteran altcoins are often seen as safe havens, unlike newer altcoins that fluctuate quickly. Tron (TRX), an altcoin founded in 2017, has often provided a haven for cryptocurrency traders looking to escape the cryptocurrency winter.Will TRON replace SHIB and Cardano next?TRX has been at the top of the cryptocurrency charts since its inception, surprisingly surpassing Shiba Inu (SHIB) in terms of global…
Analysts say the implied volatility of CME’s short-term out-of-the-money Bitcoin put options has increased over the past month as traders anticipate greater price volatility and brace for the possibility of further downside moves. According to CF Benchmark’s Bitcoin Volatility Index, the implied volatilities of short-term puts and short-term calls were roughly equal in late May, before the recent market downturn, during which time the price of Bitcoin fell by 14%. It fell by more than %. % in the past month. However, CF benchmark analysts are currently observing a significant increase in the implied volatility of short put options compared…
According to Gala News, Gala Games will be hosting a live town hall event on Wednesday, June 26th at 12PM PT to provide the latest updates on the development of its highly anticipated fantasy MMO Mirandus. Mirandus: A landmark in fantasy gaming Mirandus, one of Gala Games’ flagship projects, has captivated the gaming community with its promise of a visually stunning and strategically complex fantasy world. The game is set in a magical land where Materium flows and the laws of magic are absolute, offering players a rich and immersive experience. The development of such…
A widely respected cryptocurrency analyst and trader is expressing bullish sentiments about Dogecoin (DOGE). An analyst known by the pseudonym Kaleo told his 642,200 followers on social media platform X that Dogecoin could rise as much as 700% to 1,500% from current levels. “I still believe we are in a meme coin supercycle and we will see DOGE transfer to $1 – $2. History tells us there will likely be some time left to prepare before that happens.” Dogecoin is trading at $0.125 at the time of this writing. Regarding when Dogecoin could start rallying, an anonymous analyst said: “Each…
Bitcoin (BTC) provided a “healthy reset” to bullish sentiment as the major BTC price indicator hit an eight-month low.Popular analyst On-Chain College said in a post on X (formerly Twitter) on June 27 that a classic pattern is repeating itself in the Bitcoin Mayer Multiple.The Mayer Multiple is at its lowest level since October 2023. Bitcoin is still hovering around $60,000, but it has been showing a noticeable decline recently, down 17%.As Cointelegraph reports, cryptocurrency fear and greed indices are challenging 2024 lows and there are few signs across social media that the average holder is expecting a price reversal.However,…
Polymarket, a decentralized prediction market platform, said oracle service UMA’s betting market resolution for DJT tokens was “incorrect” and that Polymarket was developing a “short-term solution” that it would announce today.Polymarket utilizes UMA, an optimistic oracle, to settle bets. Previous UMA was market You’re betting on whether Donald Trump’s son Barron Trump was involved with DJT. “If there is a preponderance of evidence that Barron Trump was involved in the creation of the Solana token $DJT, this market will say ‘yes.’ Otherwise, this market will be resolved to ‘No’,” the Polymarket rules stated.However, Polymarket took issue with UMA’s decision. “We…
The NEAR protocol took a bearish turn after a bullish week as it broke below its 50-day moving average. The sharp decline in RSI towards oversold territory and the formation of lower lows highlighted the strong selling pressure. NEAR Protocol (NEAR) has recently experienced a bearish reversal, and its strong performance the previous week has raised concerns among investors about a potential downside. The 50-day moving average (blue line) has served as a dynamic support and resistance line. The price fell below this line and began a downward trend. Source: TradingView The 200-day moving average (red line) is above the…