Author: CryptoHoppers
Omnichain money market Radiant Capital RDNT -9.74% seems to be undergoing an exploit, according to onchain evidence and Web3 security Ancilia. The attack began Wednesday afternoon on Radiant’s Ethereum ETH +1.00% Layer 2 Arbitrum ARB -3.46% instance and then moved onto BNB +1.57% Chain, according to Arkham Intelligence data. “We have noticed several transferFrom user’s account through the contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. Please revoke your approval ASAP. It seems like the new implementation had vulnerability functions,” Ancilia wrote on X. A transferFrom exploit uses a smart contract’s transferFrom function to enable one account to send a specified number of tokens from a target account…
The decentralized finance ecosystem continues to grow despite recent challenges as overall crypto usage hits record levels, venture capital firm Andreessen Horowitz (a16z) said in a new report. In its “State of Crypto” report published on Oct. 16, a16z noted that the crypto industry has witnessed a major spike in activity over the past year. The growth trajectory for the industry is “reminiscent of early internet adoption.” For instance, September 2024 saw 220 million addresses interact with protocols across the blockchain ecosystem—more than triple the figures recorded in late 2023. About 100 million of these active addresses were on Solana…
Navigating the cryptocurrency space can feel like walking through a minefield of complexity, volatility, and disinformation, especially in rapidly expanding ecosystems like the Solana blockchain. Both traders and developers face an uphill battle to keep up with the increasing number of projects and competition, which makes it difficult to reach the projects or investors they are interested in. With the pace of Solana innovation increasing by the day, these challenges are more apparent than ever. The lack of sophisticated, integrated tools tailored specifically for this high-speed environment leaves many participants feeling like they’re always a step behind, missing crucial opportunities…
Hermetica, the creator of USDH, a Bitcoin-backed, yield-bearing synthetic dollar, has secured $1.7 million in seed funding. The round, led by UTXO Management, will accelerate the development of USDH, a stablecoin that operates on Bitcoin’s layer one (L1) and layer two (L2) networks. USDH Gains Momentum as Hermetica Raises $1.7 Million in Seed Funding According […] Source link
Bitcoin (BTC) surged to new heights today, revisiting levels last seen in July after closing above the critical $66,000 resistance yesterday. Though an overnight dip nearly tested the psychological barrier of $65,000, a renewed momentum is now driving the cryptocurrency toward the highly anticipated $70,000 milestone. Data from TradingView reveals that the cryptocurrency briefly touched a high near $67,944 before retreating slightly to $66,823 at press time. Despite the minor dip, the token remains up 1.55% over the past 24 hours, reflecting continued bullish sentiment in the Bitcoin forecast for short-term price movements. This latest rally follows a week of…
In a significant move to enhance user interaction, experience and stimulate growth, TRON’s Super Representatives have approved a 50% reduction in the transaction fees. This change will take effect in just a few hours from now, making its meme transaction fees among the lowest in the industry. TRON Super Representatives approved a 50% fee reduction, effective in two hours. Combined with other measures this week, meme transaction fees on TRON are now among the industry’s lowest, expected to boost network and meme trading activity. https://t.co/uAUmJB4wgi — H.E. Justin Sun🌞(hiring) (@justinsuntron) September 19, 2024 Enhancing Ecosystem and Adoption This development is…
Key Takeaways US spot Bitcoin ETFs accumulated $1 billion in three days. This record growth indicates strong market demand for Bitcoin investments. Share this article US spot Bitcoin ETFs have seen a major surge in net purchases, totaling over $1 billion in the last three trading days, according to Farside Investors. Fidelity and BlackRock have been the standout performers, attracting approximately $760 million combined during the stretch.Flows returned in the green last Friday as the Bitcoin ETFs collectively drew in $253 million, ending their brief outflow streak that lasted three consecutive days. On Monday, these funds logged almost $556 million…
On Tuesday, former President Donald Trump announced on X that the “World Liberty Financial token sale is now live.” He added that “crypto is the future” and urged everyone to adopt “this incredible technology.” At the moment, the price for one WLFI token stands at $0.015, and as of 8:36 p.m. Eastern Time, a total […] Source link
The Bitcoin price is back above $64,000, sparking bullish sentiments that the long-awaited ‘Uptober’ rally is set to begin. Certain macro events are happening this week, which market participants should watch out for as they could impact the crypto market. Macro Events To Watch Out For As Bitcoin Price Hits $64,000 Macro events to watch out for this week include the September retail sales data, which will be released on October 17. This metric, which tracks consumers’ demand for finished goods, is significant as it provides insights into the current state of the US economy. This macro data also forms…
Monochrome Asset Management is set to launch Australia’s first spot Ethereum exchange-traded fund on Tuesday. The Ethereum (ETH) ETF will debut on the Cboe Australia, bringing the Monochrome Ethereum ETF with the ticker IETH to the market on Tuesday, Oct. 15. IETH launches a few months after Monochrome unveiled its spot Bitcoin (BTC) ETF, which launched in August. The Monochrome Bitcoin ETF (IBTC) held about 167 Bitcoin, worth AUD 15 million. Monochrome and its partner Vasco Trustees Limited filed an application for the listing of IETH on the Cboe Australia in early September, noting in an announcement that the spot…