Day: June 14, 2024

UwU Lend Suffers Second Hack Amidst Reimbursement Efforts

UwU Lend, a decentralized finance (DeFi) protocol, has been targeted once again by the same hacker who orchestrated a $20 million exploit on June 10. The protocol was in the process of reimbursing users when the attacker struck again, stealing an additional $3.7 million. Cyvers, a blockchain security firm, alerted users to the ongoing exploit […]

Bitcoin Miners Face Pressure Post-Halving

The Bitcoin mining industry is feeling the impact of the post-halving adjustments, with transaction fees plummeting, thereby reducing overall revenues and squeezing margins for miners. According to on-chain analytics firm CryptoQuant, miners have begun offloading their Bitcoin holdings in recent weeks, with the cryptocurrency’s price oscillating between $69,000 and $71,000. CryptoQuant analysts have identified an […]

Michael Egorov Reaffirms Commitment to Curve Amidst Financial Setbacks

Michael Egorov, the founder of Curve Finance, has recently faced significant financial turbulence with the liquidation of over 100 million regular CRV tokens due to margin calls. Despite this, Egorov has expressed his unwavering commitment to the project, emphasizing that his exposure is now primarily through vote-escrow (ve) CRV tokens, which align his interests closely […]

Bitcoin ETFs See Major Outflows Amid Market Volatility

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced significant net outflows on Thursday, marking the third consecutive day of withdrawals this week. This trend is reminiscent of the substantial outflows witnessed at the end of April. Preliminary data from SoSoValue indicates that Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn. Grayscale’s GBTC saw $62 […]

Bitcoin Faces Potential Price Correction

Despite a robust equity market and favorable U.S. crypto policies, bitcoin (BTC) may be heading for a deeper price correction in the coming weeks, influenced by miner selling activity and general profit-taking. Alex Kuptsikevich, a senior market analyst at FxPro, noted the gradual shift away from risk assets and a pattern of declining intraday highs […]

Notcoin and TON Surge in Crypto Rankings

Telegram-based clicker game Notcoin (NOT) has emerged as the top gainer among the top 100 crypto tokens, marking a notable 10% increase over the past 24 hours. This achievement coincides with The Open Network (TON), the blockchain powering Notcoin, equalling Ethereum in terms of daily active wallets—a significant milestone in the crypto space. Notcoin’s impressive […]

Solana Meme Coins Suffer Heavy Losses

The past week has been tumultuous for Solana meme coins, with significant declines across the board. Notably, tokens such as GME and MOTHER have experienced substantial drops, shedding between 20% and 50% of their value. GME, a meme coin inspired by the GameStop phenomenon, has plummeted by 54% following revelations about Keith Gill, also known […]

Binance Remains Sole Defendant in Nigeria Tax Case

Nigeria’s Federal Inland Revenue Service (FIRS) has amended the charges originally filed against Binance, a major global cryptocurrency exchange, by dropping the accusations against its executives Tigran Gambaryan and Nadeem Anjarwalla. Initially, both were implicated in a tax evasion case alongside Binance. However, they still face charges related to money laundering by the Economic Financial […]