The HYPE project took the top spot due to the significant amount of tokens given away to the community - 31% of the total supply. In contrast, STRK chose a more cautious approach, allocating only 7%. PENGU essentially found a compromise by giving away 25.9% of its digital assets, allowing it to both attract new users and retain a portion for future development.
Token allocation strategies continue to evolve. Airdrops are becoming increasingly sophisticated, and projects are using them for a variety of purposes. Some focus on long-term price appreciation, while others seek quick liquidity. The success of HYPE and STRK demonstrates that large giveaways can be a powerful tool for gaining market traction.
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥3❤1🥰1
Solana came out on top in terms of app revenue, overtaking Ethereum. Protocol revenues on Solana have significantly surpassed Ethereum, with applications on the first network earning seven times more than their rivals during the last day. This data points to changing user preferences and increased activity in the Solana ecosystem.👀
Despite significant revenue growth over the past year, Ethereum has been unable to maintain its lead. Important contributions to app growth were made by projects such as Aave and Maker, which contributed to the stable development of the ecosystem due to their popularity and the use of smart contracts. However, this was not enough to compete with Solana.🥳
This blockchain network started showing steady revenue growth in 2024, and this trend continued into early 2025. The most pronounced spikes were seen in March, September and November last year. However, the biggest increase in activity occurred in January 2025 after the launch of the TRUMP meme token, which attracted significant attention from traders and users, providing a new impetus for the protocols' revenue growth.
Despite significant revenue growth over the past year, Ethereum has been unable to maintain its lead. Important contributions to app growth were made by projects such as Aave and Maker, which contributed to the stable development of the ecosystem due to their popularity and the use of smart contracts. However, this was not enough to compete with Solana.
This blockchain network started showing steady revenue growth in 2024, and this trend continued into early 2025. The most pronounced spikes were seen in March, September and November last year. However, the biggest increase in activity occurred in January 2025 after the launch of the TRUMP meme token, which attracted significant attention from traders and users, providing a new impetus for the protocols' revenue growth.
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥2🤩2
Cryptocurrency exchange Bybit has fallen victim to possibly the biggest hack in the history of digital currencies, with $1.46bn in Ethereum being withdrawn from hot wallets. CEO Ben Zhou confirmed the hack, saying that a hacker accessed a cold ETH wallet and transferred its contents to an unknown address. 💰
Suspicions arose after a massive transfer of 401,346 ETH (about $1.13bn) from Bybit's hot wallet. This event caused alarm in the market and the price of Ethereum fell by more than 4 per cent.
Zhou assured that the other cold wallets are safe and withdrawals are continuing as usual. The hack occurred due to the deception of wallet signers through a fake interface, which led to unknowingly approving changes to the smart contract, allowing the hacker to steal ETH. 🗣
Suspicions arose after a massive transfer of 401,346 ETH (about $1.13bn) from Bybit's hot wallet. This event caused alarm in the market and the price of Ethereum fell by more than 4 per cent.
Zhou assured that the other cold wallets are safe and withdrawals are continuing as usual. The hack occurred due to the deception of wallet signers through a fake interface, which led to unknowingly approving changes to the smart contract, allowing the hacker to steal ETH. 🗣
❤3
Bitcoin recorded its 4th day of decline on Wednesday, marking more than 3-month lows due to ongoing uncertainty surrounding Trump's tariff policy, which continues to weigh on risk-sensitive assets. At the same time, investors are cautious as they await a key inflation report that should give players hints on the Fed's policy outlook.💸
After falling to mid-November lows around $82,950, the world's largest cryptocurrency is trying to recover and was trading at $86,764 .📈
After falling to mid-November lows around $82,950, the world's largest cryptocurrency is trying to recover and was trading at $86,764 .📈
❤2🔥2🤩1
North Korea's Lazarus Group injected malware into npm (package manager for the Node.js software platform) to get hold of developers' and crypto investors' data. This was reported by cybersecurity experts at Socket Security.💣
According to their findings, these malicious packages, which have already been downloaded more than 300 times, are designed to steal sensitive data from cryptocurrency wallets associated with Solana or Exodus. The program scans users' files in Chrome, Brave and Firefox browsers, as well as keychain data in macOS.
As Socket Security's experts found out, the packages they detected use a typo method, that is, misspellings of names.
Lazarus has previously used attacks via npm, GitHub and PyPI to infiltrate networks, leading to major exploits, such as the Bybit exchange. At that time, the attack was carried out through hacking into the computer of an employee of Safe, a technology provider for Bybit.💻
According to their findings, these malicious packages, which have already been downloaded more than 300 times, are designed to steal sensitive data from cryptocurrency wallets associated with Solana or Exodus. The program scans users' files in Chrome, Brave and Firefox browsers, as well as keychain data in macOS.
As Socket Security's experts found out, the packages they detected use a typo method, that is, misspellings of names.
Lazarus has previously used attacks via npm, GitHub and PyPI to infiltrate networks, leading to major exploits, such as the Bybit exchange. At that time, the attack was carried out through hacking into the computer of an employee of Safe, a technology provider for Bybit.💻
❤2😱2🔥1
Kentucky's governor signed the “Bitcoin Bill of Rights,” protecting the right to self-store cryptocurrencies, manage nodes, and use digital assets. The law prohibits discrimination against miners, excludes mining from transfer licensing, and does not consider mining/staking to be a sale of securities. Oklahoma passed a similar law in May 2024. Kentucky is considering a state bitcoin reserve bill. Similar initiatives are being promoted in Oklahoma.📃
👀2
After the KiloEx hack, the hacker returned funds to the exchange's address after an ultimatum: 72 hours to return with a 10% reward. KiloEx threatened to freeze assets. 💵
Not waiting for a response, the exchange appealed to the Hong Kong police and SlowMist. KiloEx said it had passed the information to law enforcement.🚔
Although the hacker did not return 90%, the transaction offers hope for a refund. KiloEx has yet to confirm receipt and further negotiations. The exchange is restoring trading and preparing compensation for users, promising to settle positions at pre-attack prices, without liquidation.
Cyvers Alerts reported that the exploit was caused by a price oracle vulnerability that allowed ETH/USD prices to be manipulated.💲
Not waiting for a response, the exchange appealed to the Hong Kong police and SlowMist. KiloEx said it had passed the information to law enforcement.🚔
Although the hacker did not return 90%, the transaction offers hope for a refund. KiloEx has yet to confirm receipt and further negotiations. The exchange is restoring trading and preparing compensation for users, promising to settle positions at pre-attack prices, without liquidation.
Cyvers Alerts reported that the exploit was caused by a price oracle vulnerability that allowed ETH/USD prices to be manipulated.💲
👏2
Jay Jacobs: The freezing of Russian assets has spurred increased interest in bitcoin
According to Jacobs, political tensions around the world and growing uncertainty are accelerating asset diversification among central banks in different countries.🏦
Bitcoin shows a relatively low correlation with the U.S. stock market over the long term - in the current volatility, the first cryptocurrency behaves differently than stocks or bonds, a BlackRock spokesman said.
Bitcoin has proven “remarkably resilient” in the face of the trade war - compared to altcoins and indices like the S&P 500 - although it remains vulnerable to fears of a U.S. recession, the expert emphasized.💸
According to Jacobs, political tensions around the world and growing uncertainty are accelerating asset diversification among central banks in different countries.🏦
Bitcoin shows a relatively low correlation with the U.S. stock market over the long term - in the current volatility, the first cryptocurrency behaves differently than stocks or bonds, a BlackRock spokesman said.
Bitcoin has proven “remarkably resilient” in the face of the trade war - compared to altcoins and indices like the S&P 500 - although it remains vulnerable to fears of a U.S. recession, the expert emphasized.💸
❤🔥2
The number of documented cases of illegal connection to Malaysia's power grid for the sake of mining has increased from 610 in 2018 to 2,397 in 2024, TNB data showed. 📈
From January 2020 to December 2024, power company officials detected an average of more than 2,000 cases of electricity theft related to underground mining each year. During the same period, the average annual number of complaints about accidents caused by overloaded power lines due to illegal connection of mining equipment reached 1,699 - an average of 340 per month. ⚡️
Power officials said the rise in power theft cases was due to the fact that amid the popularity of cryptocurrencies, underground miners through fake or bypassed meters are trying to use government-subsidized electricity to mine cryptocurrencies. This is costing TNB hundreds of millions of Malaysian ringgit, the power utility complained.
From January 2020 to December 2024, power company officials detected an average of more than 2,000 cases of electricity theft related to underground mining each year. During the same period, the average annual number of complaints about accidents caused by overloaded power lines due to illegal connection of mining equipment reached 1,699 - an average of 340 per month. ⚡️
Power officials said the rise in power theft cases was due to the fact that amid the popularity of cryptocurrencies, underground miners through fake or bypassed meters are trying to use government-subsidized electricity to mine cryptocurrencies. This is costing TNB hundreds of millions of Malaysian ringgit, the power utility complained.
❤1👍1
One of the world's largest credit rating agencies has started working in blockchain. Moody's announced Wednesday that it is testing the first credit rating system on the Solana network. These ratings will be used to assess the risk of municipal bonds issued by local governments in U.S. cities.
Moody's will first evaluate the credit ratings off the blockchain and then publish them to Solana using an API. The agency will use Solana-based tokenization protocol Alphaledger to turn those scores into tokenized real assets.
Perhaps at the end of the testing, the agency will move credit scores to blockchain entirely to make them available to all investors. Right now, the data can only be seen through proprietary software or Bloomberg terminals.📃
Moody's will first evaluate the credit ratings off the blockchain and then publish them to Solana using an API. The agency will use Solana-based tokenization protocol Alphaledger to turn those scores into tokenized real assets.
Perhaps at the end of the testing, the agency will move credit scores to blockchain entirely to make them available to all investors. Right now, the data can only be seen through proprietary software or Bloomberg terminals.📃
❤🔥2👍1
In the last 24 hours, ACX, Across Protocol's own token, has fallen in price by more than 10%. Over the course of a month, it has fallen by 40%. Now ACX is trading 91% below its all-time high of $1.69, recorded in December 2024.📉
The reason for the sharp fall of ACX was serious accusations of insider trading by the project team to the tune of about $23 million. This was first reported by the founder of the Glue network and advisor to World Liberty Financial, known under the nickname Ogle.
In his social media post, he accused the Across Protocol team, in particular project manager Kevin Chan and CEO Hart Lambour, of organizing two secret offerings using undisclosed wallets of an undisclosed decentralized platform (DAO).👤
The reason for the sharp fall of ACX was serious accusations of insider trading by the project team to the tune of about $23 million. This was first reported by the founder of the Glue network and advisor to World Liberty Financial, known under the nickname Ogle.
In his social media post, he accused the Across Protocol team, in particular project manager Kevin Chan and CEO Hart Lambour, of organizing two secret offerings using undisclosed wallets of an undisclosed decentralized platform (DAO).👤
❤2🔥1😱1
India's wealthy are investing a fortune in cryptocurrencies, hoping to multiply their capital during the bull rally. 💰
Employees of centralized exchanges in India, such as CoinDCX, Mudrex, CoinSwitch and ZebPay, have recorded an increase in interest in digital assets from the wealthy. On Mudrex, trading volume of virtual currencies increased by 30% at the expense of the wealthy, while on CoinDCX, the average coin buy and sell order opened by wealthy customers increased by 27.5% to Rp500,000 (₽455,000).
According to CoinSwitch employees, wealthy traders favor cryptocurrencies with a long trading history, apparently considering them more reliable. Therefore, the most in demand are:
-Bitcoin;
-Etherium;
-Solana (SOL);
-XRP (XRP).
Amidst the upward trend dominating the markets of many cryptocurrencies, the overall turnover of digital assets in India is also growing. 💸
Employees of centralized exchanges in India, such as CoinDCX, Mudrex, CoinSwitch and ZebPay, have recorded an increase in interest in digital assets from the wealthy. On Mudrex, trading volume of virtual currencies increased by 30% at the expense of the wealthy, while on CoinDCX, the average coin buy and sell order opened by wealthy customers increased by 27.5% to Rp500,000 (₽455,000).
According to CoinSwitch employees, wealthy traders favor cryptocurrencies with a long trading history, apparently considering them more reliable. Therefore, the most in demand are:
-Bitcoin;
-Etherium;
-Solana (SOL);
-XRP (XRP).
Amidst the upward trend dominating the markets of many cryptocurrencies, the overall turnover of digital assets in India is also growing. 💸
❤2
Bybit, the world's second largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Tether to accelerate cryptocurrency adoption in Brazil through institutional collaboration, event sponsorship and educational programs. 🤝
The partnership includes co-sponsorship of the Blockchain Rio conference, one of Latin America's leading blockchain events, where new Bybit users will receive a USD₮ bonus upon registration.
Bybit and Tether are also in advanced talks with Visit Rio to integrate cryptocurrencies into the city's tourism sector. The initiative will offer discounts and bonuses in USD₮ to tourists who use digital assets for local services and purchases, positioning Rio as a cryptocurrency-friendly destination. 🪙
The partnership includes co-sponsorship of the Blockchain Rio conference, one of Latin America's leading blockchain events, where new Bybit users will receive a USD₮ bonus upon registration.
Bybit and Tether are also in advanced talks with Visit Rio to integrate cryptocurrencies into the city's tourism sector. The initiative will offer discounts and bonuses in USD₮ to tourists who use digital assets for local services and purchases, positioning Rio as a cryptocurrency-friendly destination. 🪙
👍2
Nakamoto CEO David Bailey intends to fulfill his long-standing dream and purchase $762.5 million worth of Bitcoin.🪙
David corrected himself, stating that his firm will invest $762.5 million in cryptocurrency, rather than $1 billion. He allowed himself to round up the figure significantly, likely to attract public attention.
Nakamoto employees received $762.5 million thanks to a merger with KindlyMD, which raised over $700 million through the sale of securities. Today, this money is going to be spent on Bitcoin, and the transaction will be filmed to immortalize the moment. 📷
The purchase of $762.5 million worth of Bitcoin will put Nakamoto in 14th place in the ranking of public institutions that have invested the most money in BTC. The firm will displace Chinese technology company Next Technology Holding, which has $693 million worth of cryptocurrency on its balance sheet. 💰
David corrected himself, stating that his firm will invest $762.5 million in cryptocurrency, rather than $1 billion. He allowed himself to round up the figure significantly, likely to attract public attention.
Nakamoto employees received $762.5 million thanks to a merger with KindlyMD, which raised over $700 million through the sale of securities. Today, this money is going to be spent on Bitcoin, and the transaction will be filmed to immortalize the moment. 📷
The purchase of $762.5 million worth of Bitcoin will put Nakamoto in 14th place in the ranking of public institutions that have invested the most money in BTC. The firm will displace Chinese technology company Next Technology Holding, which has $693 million worth of cryptocurrency on its balance sheet. 💰
❤1
The Kazakh authorities decided to invest not in bitcoins, which are preferred by many institutional investors, but in the BNB (BNB) cryptocurrency issued by the Binance exchange.
The Ministry of Artificial Intelligence and Digital Development of Kazakhstan has established the Alam Cryptocurrency Fund, which will be managed by the Qazaqstan Venture Group, a company that is part of the Astana International Financial Center ecosystem.
The fund was established for long-term investments in digital assets to create strategic reserves, and the company's management team has already made their first transaction by purchasing BNB for an undisclosed amount.💵
The Ministry of Artificial Intelligence and Digital Development of Kazakhstan has established the Alam Cryptocurrency Fund, which will be managed by the Qazaqstan Venture Group, a company that is part of the Astana International Financial Center ecosystem.
The fund was established for long-term investments in digital assets to create strategic reserves, and the company's management team has already made their first transaction by purchasing BNB for an undisclosed amount.💵
👌1
This week ends with another setback for crypto ETFs. After two days of heavy selling, Bitcoin and Ether ETFs closed in the red on Friday, October 17, marking the third consecutive day of outflows and ending one of the most challenging weeks since the start of summer.📉
Investors continued to reduce their holdings in Bitcoin ETFs, resulting in a total outflow of $366.59 million. The main pressure was concentrated in four large funds. Blackrock's IBIT, which has often been the primary driver of fund inflows, led the outflow with $268.81 million.
Investors continued to reduce their holdings in Bitcoin ETFs, resulting in a total outflow of $366.59 million. The main pressure was concentrated in four large funds. Blackrock's IBIT, which has often been the primary driver of fund inflows, led the outflow with $268.81 million.
❤🔥1
In the second phase of the pilot program, the HKMA tested applications for e-HKD and compared this digital currency with tokenized deposits. A total of 11 experimental projects were implemented in collaboration with banks, technology companies, and financial service providers.
The regulator announced that it had concluded that the digital Hong Kong dollar and tokenized deposits enable safer payments with low fees that can be programmed — for example, to be set up for automatic payments.
The HKMA reported a high level of confidence in the digital dollar, especially among large companies. Therefore, the Hong Kong regulator will give priority to wholesale e-HKD, which should be used as a payment instrument for financial companies.💰
The regulator announced that it had concluded that the digital Hong Kong dollar and tokenized deposits enable safer payments with low fees that can be programmed — for example, to be set up for automatic payments.
The HKMA reported a high level of confidence in the digital dollar, especially among large companies. Therefore, the Hong Kong regulator will give priority to wholesale e-HKD, which should be used as a payment instrument for financial companies.💰
❤🔥1
The Shiba Inu meme token faced a major outflow of funds when 207 billion SHIB tokens were withdrawn from cryptocurrency exchanges in a single day, according to CryptoQuant data. These movements were one of the largest such events in recent months.🪙
The reduction in exchange supply did not affect the movement of the SHIB price due to existing technical obstacles. The token is currently in the support zone.
The relative strength index is at 39, indicating weak market momentum.
The reduction in exchange supply did not affect the movement of the SHIB price due to existing technical obstacles. The token is currently in the support zone.
The relative strength index is at 39, indicating weak market momentum.
❤1
Ledger, a leading French cryptocurrency hardware wallet maker, is planning a US IPO with a potential valuation of over $4 billion. The company is partnering with Goldman Sachs, Jefferies, and Barclays to facilitate the offering. 💳
The decision to list in New York is due, according to CEO Pascal Gauthier, to the concentration of cryptocurrency capital in the US rather than Europe.
Demand for hardware wallets that protect assets from hacking has surged amid record cryptocurrency thefts (over $3.4 billion in 2025). This has led to record revenue for Ledger, estimated at "three-digit millions." 📈
The decision to list in New York is due, according to CEO Pascal Gauthier, to the concentration of cryptocurrency capital in the US rather than Europe.
Demand for hardware wallets that protect assets from hacking has surged amid record cryptocurrency thefts (over $3.4 billion in 2025). This has led to record revenue for Ledger, estimated at "three-digit millions." 📈
❤🔥1
According to on-chain data, stablecoin inflows to crypto exchanges have doubled in recent weeks, from $51 billion at the end of December to $108 billion today.📈
According to crypto data analyst Darkfost, the growth in stablecoin deposits on exchanges indicates an acceleration in capital allocation in recent weeks. However, he notes that the overwhelming selling pressure remains too strong for buyers to fully offset it.
Darkfost writes that the stablecoin inflow is a positive sign, indicating that investor interest is gradually returning to the market despite the ongoing sell-off.💰
According to crypto data analyst Darkfost, the growth in stablecoin deposits on exchanges indicates an acceleration in capital allocation in recent weeks. However, he notes that the overwhelming selling pressure remains too strong for buyers to fully offset it.
Darkfost writes that the stablecoin inflow is a positive sign, indicating that investor interest is gradually returning to the market despite the ongoing sell-off.💰
❤🔥1