A single deceptive transaction cost one cryptocurrency user a staggering $3.05 million in USDT tokens today. Blockchain security firms Lookonchain, PeckShield, and Scam Sniffer reported the incident, tracing the theft to a phishing attack where the victim unknowingly signed a malicious transfer, draining their wallet of Aave-wrapped USDT (aEthUSDT). Anatomy of a Multi-Million Dollar Theft…
Binance, the current leader in centralized exchange trading volume, has cemented a leading position in the derivatives market as well. While these numbers are strong, other benchmarks suggest that user activity may be dwindling. Significant Dominance Data analytics firm CryptoQuant shared a report from a community analyst, @JA_Maartun, showcasing how the largest centralized exchange (CEX)…
Over the past few days, the price of Tron (TRX), the native cryptocurrency of the Tron network, has ranged between $0.32 and $0.33; however, investors have been locking in profits. The profit-taking spree has led to TRX recording its second-largest single-day profit event this year. An analysis by the market research firm Glassnode has revealed…
Bitcoin (BTC) is experiencing a pause in positive momentum following its rally to an all-time high (ATH). Investors have been selling for weeks, but the market is seeing signs of seller exhaustion. However, on-chain research firm Glassnode says the market structure of the leading cryptocurrency is still fragile, and this makes BTC vulnerable to further…
BDACS, a licensed crypto custodian catering to South Korea’s institutional market, has announced support for XRP. The latest launch represents the first concrete result of their collaboration, which was originally unveiled in February 2024. XRP Goes Live on BDACS In its tweet, BDACS stated that XRP is among the most widely held digital assets in…
The former gaming firm announced on Tuesday that it now holds 521,939 ETH worth close to $1.9 billion at current market value. Joe Lubin’s Ether treasury firm acquired 83,561 ETH for $264.5 million at an average price of $3,634 between July 28 and August 3. SharpLink stated that its ETH-per-share is now 3.66, up from…
Many experts have predicted the return of a long-awaited altcoin season. A declining share of Bitcoin dominance and sporadic outperformance in select altcoins have pointed to a subtle rotation into smaller, higher-risk assets, amidst growing appetite for the market. A recent report, however, casts doubt on the sustainability of an altcoin rally. Altcoin Rally Lacks…
The blockchain abstraction layer continues to close the gap between traditional and DLT markets. This latest feature will bring tokenized US equities and ETFs to the blockchain, making access to these assets easier and available around the clock. Advancing The Tokenization Market Chainlink, a bridge between real-world data and blockchain, shared yesterday about a flagship…
Coinbase-incubated Layer 2 network, Base, has outpaced Solana in daily token launches over the past two weeks. Zora and Farcaster have significantly boosted Base token creation, pushing its daily launches above that of Solana’s. Token Launch Frenzy The data shared by CryptoRank revealed a dramatic shift beginning in July, when Base first surpassed Solana in…
The hottest month of the year also saw some of the hottest climbs for the largest digital asset, which reached unseen territories driven by global demand. The market is naturally cooling after a month of events, and speculation about the next direction is high. Here’s CryptoQuant’s take on why BTC dipped at the end of…