In November 2024, hacks accounted for an overwhelming 99.96% of total losses. During the same period, fraud and rug pulls fell significantly, contributing to just $25,300 in total losses across two incidents. According to the latest report by Immunefi shared with CryptoPotato, decentralized finance (DeFi) was the primary victim, with $71 million in total losses […]
Boyaa Interactive, a leading Chinese gaming firm on the Hong Kong Stock Exchange, has reallocated a significant portion of its crypto assets from Ethereum to Bitcoin. As per a November 29 filing, the company reported converting 14,200 ETH into approximately 515 BTC in an open-market deal worth more than $49 million. The Ethereum had been […]
Solana has started the new week by reaching a new milestone: the monthly trading volume in its decentralized exchange (DEX) ecosystem has surpassed $70 billion for the first time in the network’s history. The uptick in monthly trading activity was pushed by consistently high daily volumes, including breaking past $5 billion for three consecutive days. […]
Consensys has announced the launch of Linea Association, an independent Swiss non-profit organization, to drive the growth and development of Linea, a zero-knowledge Ethereum Virtual Machine (zkEVM) Layer-2 rollup. The association will focus on advancing Linea’s open-source technology and governance, as well as Linea Mainnet. This move represents a step toward decentralizing the Linea network. According […]
TL;DR Ethereum (ETH) has pumped by around 6% weekly, with analysts predicting potential moves past $4K. Bullish on-chain metrics and positive sentiment on platforms like Telegram support the thesis for an upcoming resurgence. Time for ETH to Shine? The cryptocurrency sector has been on a tear in the past several days, with Bitcoin (BTC) briefly […]
The person behind the recent Radiant Capital exploit has reportedly moved nearly all of the stolen crypto, valued at about $52 million, from Layer-2 networks to Ethereum. Blockchain security firm PeckShield shared the information on October 24, further dampening any hopes of recovering the funds. Attacker Almost Done Bridging Stolen Funds According to PeckShield, the […]
A crypto investor who participated in the Ethereum initial coin offering (ICO) in 2014 is offloading their assets, with the latest sale on October 24. Unfortunately, this could trigger a negative price momentum for ether (ETH) given recent similar developments. According to a tweet from on-chain analytics firm Lookonchain, the last time the Ethereum ICO […]
The Ethereum FUD is showing no signs of slowing while prices of the underlying asset remain weakened. ETH dumped more than 5% over the past 24 hours, falling from an intraday high of just over $2,600 to a low of $2,460. It has recovered marginally to trade at $2,550 at the time of writing, but it […]
Ethereum advocates are fighting back against a wave of misinformation and FUD targeting the ecosystem. The attacks come as ETH has underperformed rival layer-1 blockchain tokens, sparking more crypto tribalism. On Oct. 17, independent Ethereum educator and angel investor Anthony Sassano lashed out at Multicoin Capital co-founder Kyle Samani for posting “blatant misinformation.” Ethereum FUD Escalates […]
Ethereum’s position in DEX trading is changing, according to the CoinGecko Q3 crypto industry report released on Oct. 14. The network remains the dominant chain for decentralized exchange, but its market share consistently fell below 40% during the quarter. Trading volume on Ethereum trended downward between July and September, with its cumulative volume 19.6% lower […]