In Brief The Blockchain Bandit, known for exploiting weak private keys, has moved 51,000 ETH ($172M) into a multi-signature wallet. The funds were transferred from 10 dormant wallets last active in 2018, marking the attacker’s reappearance after five years. Experts suggest the move could indicate plans for liquidation, laundering, or funding new exploits, raising concerns…
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In Brief Frax Finance votes on using BlackRock’s BUIDL token to back its revamped frxUSD stablecoin, with unanimous support so far. Sui is set to unlock 64 million SUI tokens on January 1, primarily benefiting early investors and contributors. Six Israeli firms are launching Bitcoin mutual funds, but regulatory delays and cratering investment may limit…
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In Brief The Shiba Inu ecosystem is evolving rapidly by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This advancement extends to SHIB: The Metaverse, enabling users to buy virtual land using Ethereum or SHIB. Shiba Inu is preparing to launch the TREAT token, reinforcing its evolution from a meme coin to a robust blockchain ecosystem. The…
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In Brief Michael Saylor, co-founder of MicroStrategy, has hinted at a potential new Bitcoin acquisition for the eight straight week. Some market oberservers have suggested that MicroStrategy’s aggressive purchase pattern can induce market volatility. Meanwhile, the buys have contributed to Bitcoin price rising from around $67,000 to a new all-time high over $100,000. Michael Saylor,…
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In Brief The total crypto market cap drops $50 billion to $3.27 trillion, stuck under $3.28 trillion resistance, with $3.10 trillion critical support. Bitcoin holds $93,625 support, aiming to reclaim $95,668 and target $100,000, but risks falling to $89,800 if bearish trends persist. Bitget Token slides 12% to $6.51, with $4.90 support crucial to prevent…
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In Brief XRP Open Interest plunged $1 billion in 24 hours, reflecting growing trader skepticism about a price breakout. Price DAA Divergence signals bearish sentiment, with declining participation and consolidation under $2.73 resistance. XRP risks dropping below $2.00 support but could aim for $3.31 ATH if broader market conditions turn bullish. XRP has been consolidating…
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In Brief Ethereum investors bought 87,000 ETH worth $300 million in 24 hours, signaling confidence in a recovery toward $4,000. Active address momentum surpasses the yearly average, reflecting increased network activity and solidifying ETH’s support at $3,327. Breaching $3,524 resistance could push ETH to $4,000, but losing $3,327 may lead to a drop toward $3,000,…
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In Brief Galaxy Research expects Bitcoin to surpass $185,000 due to increased adoption by nations and major corporations. The stablecoin market is anticipated to grow beyond $400 billion, driven by new entrants and evolving regulatory clarity. The US government is unlikely to buy Bitcoin directly but discussions around a Bitcoin reserve policy would develop. Galaxy…
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In Brief Hamster Kombat launches a layer-2 network on TON to expand HMSTR token use and power the Hamsterverse ecosystem. The new Hamster Network aims to strengthen Hamster Kombat’s position in decentralized gaming with DAO-backed strategies. Despite earlier setbacks, the platform plans a major gameplay overhaul in Season 2, focusing on player-driven customization and innovation.…
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In Brief Solana co-founder Stephen Akridge is accused of stealing millions in staking rewards from his ex-wife during their divorce. Rossi alleges Akridge exploited her lack of blockchain expertise to control her Solana wallet and redirect earnings. The lawsuit highlights increasing legal disputes in crypto, as Solana gains notable growth and popularity in 2024. Stephen…
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