Author: News Room
Earlier today, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI’s price, falling from $3.73 to $3.64. Despite concerns of a more significant decline, the price stabilized after the project announced that the network was fully restored and operational. Sui Comes Back Online, Altcoin Still in Good Position Around 10:52 UTC, web3 security firm ExVull disclosed that a DOS bug caused the Sui network outage. Fully known as a Denial-of-Service (DoS) attack, the bug” refers to a software attack that overwhelms a system…
Methods of injecting malicious links are increasing, and it appears to have spread to even AI chat. In this case, the AI bot proposed scam API services, which led to user losses. A user discovered ChatGPT is not as security conscious as they expected, especially with crypto links when they tried to create a simple crypto app, a token bumper for Pump.fun. The API link that ChatGPT provided was contaminated and led to an immediate loss. The token bumper connected to the flawed API, which ended up demanding the wallet’s private key and siphoning all its assets. The incident serves…
Stellar (XLM) price has surged more than 20% in the last 24 hours and is up an impressive 124.86% over the past seven days, reaching $0.30, its highest price since December 2021. This rapid ascent reflects strong bullish momentum, supported by key indicators like RSI, which remains in the overbought zone. However, the relatively weak CMF suggests that the current trend may not yet have the strength to sustain further gains without renewed capital inflows. Whether XLM can push toward a $10 billion market cap or face a potential correction will depend on how well it holds key support levels…
Bitcoin is treading a fine line near the coveted $100,000, keeping traders on edge as the market teeters between a breakout or a correction. Bitcoin Currently priced at $98,500 to $98,750 over the last hour, bitcoin (BTC) is navigating a complex market terrain defined by psychological resistance at $100,000 and a well-established support zone below. […] Read the full article here
A closely followed crypto analyst believes that Ethereum (ETH) is potentially on the verge of plummeting against Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his 230,400 followers on the social media platform X that the low for Ethereum in its Bitcoin pair (ETH/BTC) may not yet be in as the flagship digital asset nears $100,000. “ETH lol. This is the chart I had months ago. The true ETH/BTC bottom is probably at like 0.025-0.03 BTC.” ETH/BTC is trading for 0.03412 BTC ($3,363), up 4.57% in the last 24 hours. Next up, the analyst predicts that ETH rival Solana (SOL) will…
Michael Saylor has announced that MicroStrategy successfully raised $3 billion through a convertible senior note offering. According to the company’s Executive Chairman, the offering carries a 0% coupon rate and a 55% premium, setting the implied strike price at around $672 per share. $3 Billion Convertible Notes Offering In an accompanying press release, MicroStrategy explained that the proceeds from the sale will be used to purchase additional Bitcoin and for general corporate purposes. The $3 billion offering consists of convertible senior notes due in 2029. It also includes $400 million in additional notes, purchased through an option exercised by the initial…
Bitcoin surged to $95K, surpassing previous records and signaling massive market activity. ETFs, pro-crypto policies, and retail interest drive momentum toward $120K by 2025. Analysts recommend holding assets as Bitcoin transitions from belief phase to euphoria. Bitcoin has broken another record, surging to $95,000 for the first time. This jump comes just one day after setting a previous high of $93,500. Over $78 billion in Bitcoin changed hands within 24 hours, signaling massive market activity. Experts now predict an even bigger surge as the cryptocurrency moves toward a euphoric phase. With momentum building, analysts see Bitcoin reaching unprecedented levels before…
Ithaca Protocol has been awarded a grant from the Arbitrum Foundation. This is a significant milestone for the non-custodial, composable options protocol. Through the support from Arbitrum, Ithaca Protocol will be in a position to further develop its platform. This announcement was made through the official X account of Ithaca Protocol. We are proud to announce that @IthacaProtocol has been awarded a grant from the Arbitrum Foundation!Backed by @Arbitrum, our MEV-resistant auction engine ensures fair, efficient trading for everyone.This support will allow us to enhance your experience on our platform -… pic.twitter.com/acHrYrW6re — Ithaca Protocol (@IthacaProtocol) November 21, 2024 Ithaca…
FTT, a native token of the now-bankrupt cryptocurrency exchange FTX, has surged over 30% in the last 24 hours, witnessing its monthly high at $2.93. The price spikes come after FTX provided a crucial update on its reorganization plan on November 21, which is set to begin in January 2025. Amid the bull season in the crypto market, the surge has helped FTT become the top gainer among the top 100 cryptocurrencies, raising expectations that the token could see further rally and surpass its year-to-date high of $3.43. However, at the time of writing, the token faced a small correction,…
Bullish sentiment in the cryptocurrency market has continued, with many investors making huge profits from early bets. This bullish run has also woken a dormant billion-dollar Ethereum (ETH) that is now snapping gains from its massive holding. Eight-Year Ethereum HODL ends in massive profits According to Lookonchain data, the whale amassed 398,889 ETH between Jan. 18 and Mar. 10, 2016, at an average price of approximately $6 per ETH. Eight years ago, the total purchase made by the whale amounted to $2.4 million. A whale that accumulated 398,889 $ETH(currently worth $1.34B) at an average price of ~$6 is selling $ETH…