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How Someone Borrowed $1.6M With $70 Worth of Collateral: The Tender.Fi Exploit

The hacker who stole $1.59 million worth of crypto assets from Arbitrum-based decentralized finance (DeFi) lending platform Tender.fi has returned nearly all the funds, keeping roughly $97,000 as a bounty reward. Tender.fi was exploited on the morning of March 7, with the project’s official Twitter handle confirming the incident in a tweet a few minutes later. Tender.fi Exploited for $1.59 Million According to the tweet, Tender.fi disclosed that it had noticed and was looking...

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Tron (TRX) Price Analysis: Risk of Downside Break Below $0.066

Tron price started a fresh decline from the $0.0705 level against the US Dollar. TRX price is now trading below $0.0680 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0678 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0660 support zone. TRON price started a fresh decline below the $0.0680 against the US Dollar, similar bitcoin. TRX price could accelerate...

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Bitcoin Price Analysis: BTC Could Dive Further

Bitcoin price started a fresh decline from the $24,000 zone against the US Dollar. The price is now trading below $23,000 and the 55 simple moving average (4-hours). There is a major bearish trend lien forming with resistance near $22,500 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline towards the $21,500 and $21,000 levels. Bitcoin price is declining below $23,500 against the US Dollar. BTC might extend losses if it...

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Crypto Twitter’s Mixed Reactions to a New Rollup Solution for Bitcoin

A scalability solution unique to Ethereum is now compatible with Bitcoin. Rollkit allows for the storage of rollup information developed for Ethereum but on the Bitcoin network. According to an official statement, Rollkit — a modular framework for rollups — was successfully launched on march 5, 2023. The solution could, at least in theory, help optimize the use of free space on the Bitcoin blocks, expanding the capabilities of the network: Sovereign rollups on Bitcoin not...

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