Crypto news

The individual behind 2023’s $195 million Euler Finance hack appreciated the Penpie hacker for steadfastly funneling funds via Tornado Cash and showing no indication of returning the proceeds. A hacker whose efforts led to the recent $27 million Penpie protocol attack received a compliment from another hacker in the spotlight last year for exploiting Euler Finance. The Penpie hacker hit the protocol on September 3, making away with their illicit proceeds. They funneled about $7 million of...

Pera’s rename from dWallet Network highlights the company’s focus on zero-trust protocols. New ZTP solutions include multi-chain financing, atomic swaps, and AI restrictions. dWallet Network, a leader in decentralized applications, has announced its rebranding to Pera. This transformation marks a significant shift towards enhancing developer access to Zero Trust Protocols (ZTPs), which provide robust security across various blockchain networks. The rebranding to Pera reflects the platform’s...

An MEV bot conducted 14 transactions in a single block to launch a sandwich attack on an unsuspecting user to only net $20 in profits. A Maximum Extractable Value (MEV) bot found an opportune moment to execute a $12 million flash loan to conduct a sandwich attack on an unsuspecting user. However, the ordeal only netted it a meager $20 in profits after gas fees through the flash loan exploit. The incident offered comic relief to many in the crypto community during a period when high-profile...

María Corina Machado, a leading figure in Venezuela’s opposition, has proposed a plan to adopt Bitcoin (BTC) as a national reserve asset. In an interview with Alex Gladstein from the Human Rights Foundation on Thursday, she called the cryptocurrency a “lifeline” and a “vital means of resistance” against the country’s economic collapse. Bitcoin as a National Reserve Asset Her proposal seeks to address Venezuela’s inflation and financial instability, which she attributes to...

Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM UTC, before collapsing to $52,871 by 8:55 PM UTC. It trades for $53,500 at writing time. On Thursday, Hayes predicted...

TL;DR Toncoin (TON) saw a sharp drop from its June high, currently trading 40% lower amid negative news, leaving nearly 80% of its investors at a loss. On-chain metrics suggest that the asset’s price may tumble even more in the near future. TON Investors Take a Blow Toncoin (TON) experienced a real bull run at the start of 2024, with its price rising to a new all-time high of almost $8.20 in mid-June. However, the asset lost momentum towards the end of August and currently...

The person behind 2023’s Euler Finance hack has congratulated the Penpie exploiter after the latter moved the bulk of the funds they stole to Tornado Cash. The Penpie thief transferred the money even as the decentralized finance (DeFi) platform pleaded for the funds to be returned in exchange for a bounty. The $27M Penpie Protocol Hack On Sep. 6, blockchain security company Peckshield made a post on X featuring the Euler Finance exploiter’s message to the Penpie protocol...

TL;DR Ripple’s XRP has dropped 10% in two weeks, with declining transaction activity and a broader market downturn suggesting that its correction may continue. The ongoing Ripple v. SEC lawsuit could introduce more volatility for XRP, with recent legal developments sparking speculation of a potential appeal by the regulator. XRP to Bleed Even More? The past two weeks have been unpleasant for Ripple’s XRP, whose price tumbled by 10% and is currently trading at around $0.53...

American singer and dancer Jason Derulo has not provided any updates about his meme coin JASON since July, raising concerns about the cryptocurrency’s fate despite multiple promises about its future and development. On-chain sleuth ZachXBT brought Derulo’s silence on the project to light in a recent tweet, reprimanding influencers who promoted the token at its launch. Zach insisted that the influencers were wrong to believe that the JASON project would differ from the over 15...

The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has fallen to its lowest level this year, last seen in October 2023. This decline in this metric aligns with the current plunge in bitcoin’s (BTC) price and the downward trajectory of the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this could be a sign of an incoming massive rally. Bitcoin UTXOs in Profit Decline A Bitcoin UTXO refers to the amount of cryptocurrency that...