Unknown individuals have hacked the Compound website!
It currently hosts a phishing site. 🙀
The project team urges not to interact with the site. 👀
The Compound protocol itself has not been attacked.
It currently hosts a phishing site. 🙀
The project team urges not to interact with the site. 👀
The Compound protocol itself has not been attacked.
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👀 Realized losses over the past 30 days amounted to $403 million (i.e., the coins moved on-chain in the last month have depreciated by $403 million for their owners). 📉
🕵️♂️ This is similar to the losses after the market crash during the COVID-19 period but 3.3 times less than the losses after the mining ban in China and 4.6 times less than after the collapse of the Luna ecosystem.
🕵️♂️ This is similar to the losses after the market crash during the COVID-19 period but 3.3 times less than the losses after the mining ban in China and 4.6 times less than after the collapse of the Luna ecosystem.
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📈 The share of cryptocurrency startups being launched in Africa and Asia has risen to an all-time high. Europe is now the leader with 31.4%, and Asia holds the third spot with 26.8%.
👀 Meanwhile, the number of startups from the US and Canada is rapidly declining amid regulatory uncertainty. 🤷
Notably, 39% of startups were launched by solo founders, while 51% consist of teams of 2-5 people. 🧐
👀 Meanwhile, the number of startups from the US and Canada is rapidly declining amid regulatory uncertainty. 🤷
Notably, 39% of startups were launched by solo founders, while 51% consist of teams of 2-5 people. 🧐
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🇲🇾 Cryptocurrency miners in Malaysia have stolen electricity worth 3.4 billion ringgit (~$724.9 million) from 2018 to 2023, reports Malay Mail.
Deputy Minister of Energy Transition Akmal Nasir stated that such activities harm the country and have been expanding recently.
⚡️ Electricity thefts often go unnoticed due to the lack of local accounting, but energy companies have methods to detect unusual consumption. Confiscated equipment was also showcased, including 2022 items valued at 2.2 million ringgit (~$470,000).
According to current legislation, all devices will be disposed of. Combating electricity theft is a priority alongside increasing "green" generation from renewable sources. 🌿🔌
Deputy Minister of Energy Transition Akmal Nasir stated that such activities harm the country and have been expanding recently.
⚡️ Electricity thefts often go unnoticed due to the lack of local accounting, but energy companies have methods to detect unusual consumption. Confiscated equipment was also showcased, including 2022 items valued at 2.2 million ringgit (~$470,000).
According to current legislation, all devices will be disposed of. Combating electricity theft is a priority alongside increasing "green" generation from renewable sources. 🌿🔌
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CryptoQuant: Whale Activity on the Rise as Institutions Buy Bitcoin at the Dip 🚀
🔍 The second largest institutional Bitcoin accumulation of 2024 is happening now!
📉 Despite last week's panic among novice investors, who sold coins purchased 1-3 months ago, institutional players are seizing the moment. The largest accumulation since March has been recorded.
📅 Early 2024 saw intense institutional accumulation with Bitcoin ETFs, primarily by the funds issuing them.
📊 Last week, around 101.6k BTC were accumulated, with low ETF fundraising and falling prices. Unlike March, this isn't just about fundraising—it's a genuine "buy the dip" moment for big players. 🐋
💡 Savvy whales are taking advantage of the market's fear, indicating strong confidence in Bitcoin's future.
🔍 The second largest institutional Bitcoin accumulation of 2024 is happening now!
📉 Despite last week's panic among novice investors, who sold coins purchased 1-3 months ago, institutional players are seizing the moment. The largest accumulation since March has been recorded.
📅 Early 2024 saw intense institutional accumulation with Bitcoin ETFs, primarily by the funds issuing them.
📊 Last week, around 101.6k BTC were accumulated, with low ETF fundraising and falling prices. Unlike March, this isn't just about fundraising—it's a genuine "buy the dip" moment for big players. 🐋
💡 Savvy whales are taking advantage of the market's fear, indicating strong confidence in Bitcoin's future.
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🚀 Bitwise CIO Predicts Bitcoin to Hit $100K by Year-End! 📈
Matt Hougan of Bitwise outlines key factors driving Bitcoin's potential surge:
▪️Spot Bitcoin ETFs: Over $15B net inflows since January.
▪️Bitcoin Halving: April's supply reduction to boost prices.
▪️Spot Ethereum ETFs: Expected $15B net inflows in 18 months.
▪️Political Shifts: Pro-crypto super PACs and GOP support.
▪️Fed Rate Cuts: Predicted by year-end, favorable for crypto.
👀 Short-term hurdles include Mt. Gox distributions and government bitcoin sales, but Hougan sees these as temporary. He believes the right mix of developments could push Bitcoin to $100K and Ether to new highs. 🌟
Matt Hougan of Bitwise outlines key factors driving Bitcoin's potential surge:
▪️Spot Bitcoin ETFs: Over $15B net inflows since January.
▪️Bitcoin Halving: April's supply reduction to boost prices.
▪️Spot Ethereum ETFs: Expected $15B net inflows in 18 months.
▪️Political Shifts: Pro-crypto super PACs and GOP support.
▪️Fed Rate Cuts: Predicted by year-end, favorable for crypto.
👀 Short-term hurdles include Mt. Gox distributions and government bitcoin sales, but Hougan sees these as temporary. He believes the right mix of developments could push Bitcoin to $100K and Ether to new highs. 🌟
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🏦 Paxos Receives No-Action Letter from SEC on BUSD 📜
Paxos, the issuer of Binance's BUSD stablecoin, received a notification from the SEC stating no enforcement actions are planned.
🔍 In February 2023, the NYDFS began investigating Paxos and later ordered it to stop issuing BUSD. The SEC also threatened to sue, claiming BUSD was a security, a claim Paxos strongly disputed.
📅 In June 2023, the SEC filed 13 charges against Binance and its founder, Changpeng Zhao, including allegations of unregistered BUSD offerings. Paxos continued supporting BUSD redemption and conversion operations until February 2024.
💰 According to CoinGecko, $69M worth of BUSD remains in circulation, with a 24-hour trading volume of $992,000.
⚖️ In June 2024, Judge Amy Berman Jackson partially dismissed the SEC's lawsuit against Binance, siding with the exchange on BUSD offering claims.
Paxos, the issuer of Binance's BUSD stablecoin, received a notification from the SEC stating no enforcement actions are planned.
🔍 In February 2023, the NYDFS began investigating Paxos and later ordered it to stop issuing BUSD. The SEC also threatened to sue, claiming BUSD was a security, a claim Paxos strongly disputed.
📅 In June 2023, the SEC filed 13 charges against Binance and its founder, Changpeng Zhao, including allegations of unregistered BUSD offerings. Paxos continued supporting BUSD redemption and conversion operations until February 2024.
💰 According to CoinGecko, $69M worth of BUSD remains in circulation, with a 24-hour trading volume of $992,000.
⚖️ In June 2024, Judge Amy Berman Jackson partially dismissed the SEC's lawsuit against Binance, siding with the exchange on BUSD offering claims.
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Forgot about Litecoin? Big mistake!
📈 Litecoin processes daily transactions over $100,000, averaging $2.85 billion! That's more than 50% of LTC's market cap and surpasses most Layer 1 networks.
👀 For comparison, Dogecoin handles $590 million in large transactions daily, despite having three times the market cap.
This suggests significant whale activity on the Litecoin network. 🐳💸
📈 Litecoin processes daily transactions over $100,000, averaging $2.85 billion! That's more than 50% of LTC's market cap and surpasses most Layer 1 networks.
👀 For comparison, Dogecoin handles $590 million in large transactions daily, despite having three times the market cap.
This suggests significant whale activity on the Litecoin network. 🐳💸
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🚨 Squarespace Hack Threatens Over 220 DeFi Protocols! 🌐
A DNS attack on Squarespace has put interfaces of around 228 DeFi projects at risk, reports Ido Ben-Natan, CEO of Blockaid.
📅 On July 11, Compound Finance and Celer Network sites redirected users to phishing pages. Attackers intercepted DNS queries to use IP addresses linked to the Inferno Drainer.
🔍 Ben-Natan points to the use of Inferno Drainer's infrastructure, including smart contracts and wallets, indicating cybercriminals are exploiting these tools to steal user funds by draining accounts after malicious transactions are signed.
⚠️ This group has been targeting DeFi vulnerabilities for a while, but their consistent infrastructure allows for tracking and identifying their attacks.
Stay vigilant and safeguard your assets! 🛡
A DNS attack on Squarespace has put interfaces of around 228 DeFi projects at risk, reports Ido Ben-Natan, CEO of Blockaid.
📅 On July 11, Compound Finance and Celer Network sites redirected users to phishing pages. Attackers intercepted DNS queries to use IP addresses linked to the Inferno Drainer.
🔍 Ben-Natan points to the use of Inferno Drainer's infrastructure, including smart contracts and wallets, indicating cybercriminals are exploiting these tools to steal user funds by draining accounts after malicious transactions are signed.
⚠️ This group has been targeting DeFi vulnerabilities for a while, but their consistent infrastructure allows for tracking and identifying their attacks.
Stay vigilant and safeguard your assets! 🛡
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Genesis Trading Moves 12,000 BTC to Coinbase Amid Bankruptcy
👀 Genesis Trading has transferred 12,000 BTC ($760M) to Coinbase in the past month. The company, currently in bankruptcy proceedings, still holds 33,300 BTC ($1.91B) and 118,000 ETH ($363M).
Is this another FUD for the market? 🤔
👀 Genesis Trading has transferred 12,000 BTC ($760M) to Coinbase in the past month. The company, currently in bankruptcy proceedings, still holds 33,300 BTC ($1.91B) and 118,000 ETH ($363M).
Is this another FUD for the market? 🤔
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🇺🇸 US Congress Fails to Override Biden's Veto on Repealing SAB 121
🤷 On July 11, the lower house of the US Congress did not gather the necessary two-thirds majority to override the President's veto on a bill aimed at repealing SAB 121. The document essentially prohibited banks from holding digital assets on their balance sheets.
🗒 The bulletin remains in effect. 228 congressmen voted for its annulment, but 290 votes were required. If the barrier had been passed, a similar decision would have been needed from 67 out of 100 senators.
The SEC issued SAB 121 in April 2022. In February 2024, four industry organizations requested the agency to soften the document's provisions.
🤷 On July 11, the lower house of the US Congress did not gather the necessary two-thirds majority to override the President's veto on a bill aimed at repealing SAB 121. The document essentially prohibited banks from holding digital assets on their balance sheets.
🗒 The bulletin remains in effect. 228 congressmen voted for its annulment, but 290 votes were required. If the barrier had been passed, a similar decision would have been needed from 67 out of 100 senators.
The SEC issued SAB 121 in April 2022. In February 2024, four industry organizations requested the agency to soften the document's provisions.
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The German government has sold all 50,000 BTC! 💰🤩
All bitcoins from the state's wallet were sent to centralized exchanges, OTC platforms, or market makers. The sale took 24 days.
One less scare story—the market absorbed all the "German" bitcoins without a hiccup. 💪
Now, are we waiting for the Mt. Gox client compensation sales? 🧐
All bitcoins from the state's wallet were sent to centralized exchanges, OTC platforms, or market makers. The sale took 24 days.
One less scare story—the market absorbed all the "German" bitcoins without a hiccup. 💪
Now, are we waiting for the Mt. Gox client compensation sales? 🧐
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Dangerous Things and VivoKey Technologies have introduced a new cryptocurrency wallet that can be implanted under the skin! 🤚
The Apex Flex wallet is a hardware device about the size of a pill. 💊
📱A mobile app serves as the interface for interacting with the device.
Transactions are conducted using NFC and RFID technologies.
The device currently costs $349. 🧐
The Apex Flex wallet is a hardware device about the size of a pill. 💊
📱A mobile app serves as the interface for interacting with the device.
Transactions are conducted using NFC and RFID technologies.
The device currently costs $349. 🧐
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Will China lift the ban on cryptocurrency in 2024?
This question was raised by Mike Novogratz on social media platform Twitter/X.
Meanwhile, Bitcoin has returned to the $63,000 mark. 👀🚀
This question was raised by Mike Novogratz on social media platform Twitter/X.
If this is true, and it’s second time I’ve heard in weeks, it’s a huge deal.
Meanwhile, Bitcoin has returned to the $63,000 mark. 👀🚀
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