Ethereum’s perpetual futures funding rate has increased to levels not seen since the global liquidation event in August, when major cryptocurrencies such as Bitcoin and Ethereum fell along with their stocks, losing more than 20% of their value. Derivatives trader Gordon Grant warned that the cryptocurrency perpetual futures market remains vulnerable to selling from overly leveraged positions, potentially fueled by a combination of technical and macroeconomic factors.According to Coinglass data, the OI-weighted funding rate is 0.0116%, the highest since July 29, when Ethereum was trading at $3,316 just before the 22% price crash in early August. The collapse was triggered…
Author: Crypto Flexs
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Radiant Capital has suspended its lending marketplace after its cross-chain lending protocol suffered a cybersecurity breach of more than $50 million on the BNB chain and Arbitrum, Radiant and two cybersecurity experts said. Web3 cybersecurity company De.Fi Antivirus reported on October 16 that “Radiant Capital contracts were exploited on the BSC and ARB chains using the ‘transferFrom’ function, which allowed the exfiltration of user funds, i.e. $USDC $WBNB $ETH etc. “There was,” he said. Post to the X platform. De.Fi said in another It is estimated at $50 million. “We are aware of problems in the Radiant lending market on…
Terrill Dickey October 16, 2024 22:06 Riot Platforms, a leader in Bitcoin mining, will announce its third quarter 2024 earnings call on October 30, 2024. This call will discuss financial results and strategic developments. Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in Bitcoin (BTC) mining, announced its Q3 2024 earnings conference call scheduled for October 30, 2024 at 4:30 PM EST. According to Riot Platforms, the call will provide insight into the company’s financial performance and strategic initiatives for the quarter ended September 30, 2024. Highlights of Earnings Call The conference call will…
Former President Donald Trump currently boasts a significant lead over Vice President Kamala Harris in the polls. However, the bet has raised concerns of manipulation. Harris may be struggling to engage a key demographic that could play a pivotal role in the upcoming election. Polygon-based prediction market PolyMarket rose to prominence during the 2024 US election cycle, claiming that it was more reliable than opinion polls. However, the platform is not perfect. The platform’s recent odds strongly suggested that former President Donald Trump has a better chance of beating Vice President Kamala Harris in November 2024. But Trump’s recent bets…
Ethereum (ETH) rose 8.8% between October 14 and 15, but the $2,650 resistance level is proving more difficult than expected. Traders are increasingly concerned that Ethereum futures open interest, which hit an all-time high on October 16, could be a warning sign. A surge in demand for leveraged ETH positions usually precedes a serious price correction. On October 15, the total Ethereum futures tradable market exceeded 5 million ETH for the first time, a 12% increase from four weeks ago. Ether futures open interest since 2020, ETH. Source: CoinglassOn August 2nd, when Ethereum’s total open interest peaked, the price of…
Radiant Capital was hacked, with over $51 million stolen from the Arbitrum and BNB chains. Over $32 million was stolen from Arbitrum, with the BNB chain accounting for approximately $18 million. Radiant Capital was attacked on October 16, when hackers stole more than $51 million from the decentralized finance lender. On-chain security platform Ancilia first alerted the cryptocurrency community about the attack, which affected Ethereum layer 2 Arbitrum instances and the BNB chain on the OmniChain money market. “We have seen multiple transfers from user accounts via contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. Please cancel the approval as soon as possible. The new implementation…
Omnichain Money Market shining capital RDNT -4.51% According to on-chain evidence and Web3 Security Ancilia, it appears to be under attack. The attack began Wednesday afternoon at Radiant’s. Ethereum ETH +0.96% layer 2 decision ARB -0.19% After creating the instance BNB +1.68% chain, according to Arkham Intelligence. data. “We have seen multiple transfers from user accounts via contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. Please cancel the approval as soon as possible. The new implementation appears to have a vulnerability feature.” Ancilia wrote to X. The transferFrom exploit uses the transferFrom function of a smart contract to allow one account to send a specified number…
As the digital environment develops, Luxchains.online It has emerged as a key player in the financial markets by providing traders with access to a wide range of assets. Through advanced technology and user-centric features, Luxchains is changing the way both new and experienced investors engage with stocks, cryptocurrencies, and commodities. The platform is known for its transparency, competitive fee structure, and educational resources, making it a great solution for traders looking to diversify and grow their portfolio.Luxchains.online Overview:Luxchains.online is a versatile trading platform that allows users to access multiple financial instruments through a single interface. Whether focused on stocks, commodities…
Stuart Alderoty, Ripple’s chief legal officer, believes the June 2024 flip will occur. Chevron USA Inc. Great Natural Resources Defense Council The U.S. Supreme Court’s ruling will likely have little impact on the Securities and Exchange Commission’s (SEC) strategy to pursue cryptocurrency compliance through enforcement. In an interview with Cointelegraph’s Turner Wright, Alderoty emphasized that only a change in leadership will bring about a change in the SEC’s attitude. “Under this leadership, I believe the SEC has done tremendous institutional damage to what was once a highly respected institution,” Ripple CLO said.Alderoty also stated that the SEC’s ongoing litigation against…
Ted Hisokawa October 16, 2024 19:53 NVIDIA is working with Google Cloud to integrate NVIDIA NIM with Google Kubernetes Engine and deliver scalable AI inference solutions through Google Cloud Marketplace. Rapid advancements in artificial intelligence (AI) models are driving the need for more efficient and scalable inference solutions. In response, NVIDIA has partnered with Google Cloud to offer NVIDIA NIM on Google Kubernetes Engine (GKE) with the goal of accelerating AI inference and simplifying deployment through Google Cloud Marketplace. NVIDIA NIM and GKE integration NVIDIA NIM, a component of the NVIDIA AI Enterprise software…