Recently, Nexera, a decentralized finance (DeFi) protocol, was hit with a significant security breach that resulted in the theft of $1.5 million worth of NXRA tokens. The exploit, which was first reported on August 7th by Cyvers, a blockchain security firm, involved an unidentified address gaining control of Nexera’s proxy contract and using administrative functions
Crypto
Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month, despite the market slump. According to on-chain activity data, over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This trend has caught the attention of industry experts, including CryptoQuant
Shiba Inu (SHIB) experienced a remarkable surge of 20% on August 6, showcasing impressive gains in transaction volume and burn rate. Despite a 18% decline on a weekly scale, the popular meme coin has seen a resurgence in its ecosystem. The aggregated daily volume for SHIB has skyrocketed by nearly 500%, hitting close to $120
Recently, spot Bitcoin exchange-traded funds (ETFs) in the United States have seen a significant increase in daily trading volume, surpassing $5 billion on August 5th. This surge in trading volume is the highest since mid-April and has caught the attention of investors and analysts alike. The data from DefiLlama shows that BlackRock’s IBIT ETF was
The total cryptocurrency market capitalization has once again surpassed $2 trillion after a drastic downturn that wiped out $500 billion in less than a week. This sharp decline saw the total cap plummet to $1.83 trillion on August 5, triggered by Bitcoin dropping below $50,000 and Ethereum experiencing a 23% decrease in value, falling below
The recent market crash that led to a 23% tumble in Ethereum prices in less than 24 hours did not deter investors from jumping into U.S. spot Ethereum ETFs. On August 5, a total of $49 million flowed into nine newly launched spot ETH ETFs, marking the second-highest inflow day since these funds began trading.
Marathon Digital (MARA) experienced a significant drop in its shares during after-hours trading on Thursday as the company’s second-quarter revenue failed to meet Wall Street’s expectations. The reported revenue of $145.1 million fell short of the forecasted $157.9 million by approximately 9%, leading to a negative impact on the company’s stock value. The revenue miss
Riot Platforms, an American Bitcoin mining firm, recorded a significant net loss of $84.4 million in the second quarter of this year. This loss represents a stark contrast to the $27.4 million loss reported in the same quarter of the previous year. The widened losses can be attributed to the ongoing impact of April’s Bitcoin
Senator Cynthia Lummis of Wyoming has introduced a groundbreaking bill that could potentially change the landscape of the United States’ financial assets. The proposed ‘Bitcoin Act’ aims to secure a strategic Bitcoin reserve for the US government, with plans to acquire 1 million BTC over a five-year period. Senator Lummis justified the choice of Bitcoin
In July, the total stablecoin market capitalization experienced a 2.11% increase, reaching a total of $164 billion. This growth trend has been ongoing for the past ten months, with major stablecoins steadily gaining market dominance, which now sits at 6.93%. Tether, the leading stablecoin in terms of market cap, saw a significant 1.61% increase, surpassing
The past week has been a rollercoaster ride for Bitcoin and the entire cryptocurrency market. It all started with a promising note as Bitcoin’s price surged by $3,000 on Monday, reaching $70,000 for the first time in months. This price jump came on the heels of former President Donald Trump’s pro-crypto statements at a BTC
Bitcoin has experienced a significant price drop in the past few hours, falling below the $60,000 mark for the first time in several weeks. This downward trend has not only affected Bitcoin but also altcoins like ETH, SOL, DOGE, and BCH, which have seen drops of 6-7%. Last weekend, the cryptocurrency market was also volatile,
Nader Al-Naji, the CEO of BitClout, a social media platform, has found himself in legal hot water. The US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have jointly charged him with orchestrating a fraudulent crypto asset scheme. The allegations suggest that Al-Naji raised a staggering $257 million through unregistered offers and
California’s Department of Motor Vehicles (DMV) has recently taken a huge step towards modernization by digitizing 42 million car titles through the innovative Avalanche (AVAX) network. This move is part of a broader effort to streamline the state’s title transfer process in collaboration with Oxhead Alpha, a software development firm. The implementation of a new
