Author: Crypto Flexs

The hacker who stole $7.4 million from decentralized finance (DeFi) protocol Hundred Finance has started moving cryptocurrency assets after a year of inactivity. The hacker moved about $800,000 worth of Ether (ETH) and Tether (USDT) from Curve’s decentralized exchange (DEX) on May 1 after providing liquidity to the platform over a year ago. Token transactions performed by Hundred Finance hackers. source: EtherscanAfter withdrawing the funds, the hackers converted USDT and other cryptocurrencies to ETH. This increased the exploiter’s ETH by over $1 million. The hacker currently holds a total of $4.3 million in assets in the wallet, including various crypto…

Ethereum price began another decline, trading below $2,920. ETH could gain bearish momentum if it closes below the $2,800 support. Ethereum remained in bearish territory and was trading below the $2,900 region. The price is trading below $2,950 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bearish trend line connected to the resistance at $3,050. If it stays below the $3,050 resistance, the pair may continue to fall. Losses widen due to Ethereum price The price of Ethereum, like Bitcoin, remained in a bearish range below the $3,120 level. ETH was…

Rollup platform AltLayer has launched the second phase of its staking program, introducing re-staked ALT tokens, or reALT.AltLayer is a decentralized protocol that allows developers to create rollups-as-a-service across software stacks such as OP Stack, Arbitrum, and Polygon CDK. The project also plans to introduce “Restaken Rollup,” a layer 2 project that leverages EigenLayer’s restaking mechanism to bootstrap network security.AltLayer’s native ALT token was launched in January, and ALT staking was later activated in March. Restaked ALT is now an auto-synthetic ERC-20 token issued to users who stake ALT in AltLayer’s main staking pool, with weekly rewards earned automatically accumulating.Existing…

Figment’s partnership with Bitvavo highlights the growing importance of staking services in the cryptocurrency industry. Both companies aim to combine their expertise and resources to create new opportunities and improve the overall user experience. With Bitvavo’s extensive reach and Figment’s proven track record of staking infrastructure, this collaboration is poised to reshape the staking services landscape in Europe. Netherlands-based cryptocurrency exchange Bitvavo is set to strengthen its staking services across Europe through a strategic partnership with institutional staking platform Figment. With a user base of over 1.5 million in the Benelux region, Bitvavo aims to leverage Figment’s expertise and infrastructure…

Layer 1 blockchain Fantom is pushing the idea of ​​a “safer memecoin” by setting aside $6.5 million worth of native FTM (FTM) tokens to reward developers trying to get a piece of the nearly $50 billion sector. there is.Fantom Foundation CEO Michael Kong told Cointelegraph that technical and non-technical measures would be taken to create “an environment where people can launch what we call ‘safer memecoins'” and to ensure the project does not become “just an outright scam.” He said he would like to introduce .Solana and Coinbase’s Ethereum Layer-2 Base have witnessed much of the recent memecoin trading frenzy,…

Recently, unknown attackers stole digital assets worth less than $1.6 million from Pike Finance, a decentralized finance protocol. The protocol announced a 20% compensation for the return of funds, and the investigation into the incident continues. USDC vulnerability was revealed by Pike Finance, a decentralized finance (defi) protocol, on May 1 (…)

Fejiro Hanu, CEO of Nigerian cryptocurrency exchange platform Patricia, recently used his . Hanu denied the growing speculation, emphasizing that the spread of negative news often outstrips positive updates, leading to misunderstandings about the company’s position. In a statement, the CEO highlighted the role of various news outlets and blogs in perpetuating clickbait headlines and misinformation, contributing to the rapid spread of false closure stories. He expressed his dissatisfaction with the way the information was disseminated and apologized to users of the platform, while also affirming his resolve not to succumb to online harassment. Thread:The point I want to make…

Over the past year, the concept of “private blockchain” has become very popular in the broader blockchain technology discussion. Essentially, enough Using public, uncontrolled networks and state machines secured by cryptoeconomics (e.g. proof-of-work, proof-of-stake) to create systems that have tighter control over access permissions and who has permission to modify or read the blockchain state is also possible. it’s possible. It has a small number of users while still maintaining the kinds of partial guarantees of authenticity and decentralization that blockchains provide. These systems have been a major focus of financial institutions, sparking a backlash in part from those who…

Bitcoin price extended losses and stabilized below $60,000. BTC is currently consolidating losses near $58,000 and risks further downside in the near term. Bitcoin extended its losses and traded below $60,000. The price is trading below $59,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $58,000. The pair may continue to decline as there is a daily close below the $60,000 area. Bitcoin price took a hit. Bitcoin price remained in bearish territory, trading below the $60,500 support level. BTC also settled below…

Bitcoin (BTC) has not seen a “massive futures margin call” as BTC price fell to a two-month low, according to the analysis.in Thread of X (formerly Twitter) On May 2, Checkmate, lead on-chain analyst at blockchain data company Glassnode, revealed a major change in the Bitcoin bull market.Analysis: Derivatives Not “Dominating” in BTC Price SellingBitcoin’s rise to $56,500 on May 1 may have shocked some, but in a broader sense, this bull market decline appears to be cathartic for market health.As Checkmate shows, gradual “deleveraging” across Bitcoin futures has been ongoing since Bitcoin’s latest all-time high in mid-March. He claims…