On-chain analyst ZachXBT uncovered a large-scale fraud

Involving the theft of 4064 bitcoins worth $243 million from the crypto lender Genesis. This investigation became one of the most remarkable in his career. It was revealed that three perpetrators used social engineering, posing as Google support staff, to deceive the victim and gain access to their account by resetting two-factor authentication.

One of the victim’s key mistakes was unknowingly revealing their private keys from their Bitcoin Core wallet during a screen-sharing session. The hackers swiftly transferred the funds and distributed them across 15 different platforms to complicate the tracing of the transactions.

During the investigation, ZachXBT published…

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Integration of the Day

BNB Chain and Telegram. The BNB Chain blockchain team has announced a strategic partnership with the Telegram messenger to provide a seamless and simple way for users and developers to access the Web3 world.

“Telegram has evolved beyond just a communication app and is becoming a powerful tool for Web3 interactions through its innovative mini-applications,” said the official blog post from BNB Chain.

One of the key steps in this integration is the implementation of Telegram Mini Apps, through which the blockchain plans to attract “the next billion users.” This highlights the project’s global…

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Solana faces a serious competitor in Sui

According to K33 Research analysts, the Sui network could become Solana’s main rival in the future, especially given the growing interest in new blockchain ecosystems.

Today, many believe that only Solana can compete with Ethereum in terms of speed and scalability. However, other projects, like Sui, are actively working to enhance their capabilities. Constant updates and improvements make these ecosystems more attractive to both developers and users.

Recently, Circle announced plans to launch USDC on the Sui platform, which is an important step for attracting liquidity and strengthening the network’s position. Theoretically, Sui can handle up to 297,000 transactions…

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Qualcomm plans to acquire Intel: a potential $87 billion merger

Qualcomm, one of the leaders in chip manufacturing, is seriously considering the acquisition of Intel, with the deal potentially reaching $87 billion.

The question remains: will Qualcomm acquire the entire Intel corporation or just certain divisions? Sources suggest that Qualcomm is primarily interested in Intel’s chip development and manufacturing segment, but other scenarios are also possible.

The timing of the deal appears strategically favorable: Intel is currently facing several challenges. Intel Core processors of the 13th and 14th generations are showing widespread performance degradation, damaging the company’s reputation. In addition, Intel’s stock prices continue to fall, and the company’s…

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Coinbase announced of “wrapped” Bitcoin cbBTC on the Solana network

Coinbase Singapore Director Hassan Ahmed announced the upcoming launch of “wrapped” Bitcoin cbBTC on the Solana blockchain. Although the exact release date has not yet been determined, the project has already sparked significant interest among users.

“We recently launched cbBTC on Base, but users appreciate Solana, and so do we,” Ahmed said, emphasizing the importance of the Solana blockchain for the Coinbase ecosystem.

The launch of cbBTC on Solana will expand the network’s capabilities, providing access to wrapped Bitcoin with faster and cheaper transactions compared to other networks. This could also increase Solana’s appeal among institutional and retail…

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Ethereum recorded nearly a fivefold increase in fees

The average transaction fee on the Ethereum network has risen to $3.98, nearly five times higher compared to early September, when the fee was $0.85. This increase is driven by the rise in network activity and the growing demand for the blockchain’s computational power.

The rising cost of transactions on the second-largest cryptocurrency by market capitalization has also led to a surge in the rate of token burning. On September 1, 80.27 ETH was burned, while by September 21, that number had skyrocketed to 1,360 coins. This reflects the heightened use of the network for various transactions and applications,…

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In August cryptocurrency venture firms raised over $2.2 billion

According to The Block, citing data from PitchBook, this figure highlights the ongoing investor interest in the development of blockchain technologies and startups, despite the volatility and uncertainty in cryptocurrency markets.

Notable firms include ParaFi Capital, which raised $120 million, Borderless Capital with $100 million, Hack VC with $77 million, and Robot Ventures with $75 million. These companies demonstrate confidence in the industry’s growth and are ready to invest in new, promising projects.

Dragonfly Capital, one of the major players in the market, plans to raise $500 million, with $250 million already secured. This indicates a high level of…

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Ethereum-ETF Outflows Hit Record $79.2 Million Since July

On September 23, outflows from spot Ethereum-ETFs reached $79.2 million, according to SoSoValue. The last time such a high figure was recorded was on July 29. This may indicate a declining interest in Ethereum among investors or profit-taking after a recent price increase.

Total net outflows for the entire period have reached $686.7 million, signaling a prolonged capital exit from Ethereum-ETFs.

The cumulative outflow from the Grayscale Ethereum Trust (ETHE) rose to $2.85 billion, with $80.6 million withdrawn on September 23 — the highest since July 31. Despite the recent rise in Ethereum’s price, investors continue to reduce their…

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