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Ethereum (ETH)

Is Layer-2 the Future of Meme Coins? Exciting PEPU Project Raises $7.8M

Forget everything you know about meme coins – Pepe Unchained is ready to shake things up. This Layer-2 meme project is attracting attention and has raised $7.8 million in presale. And with a DEX listing on the horizon, many believe Pepe Unchained (PEPU) is about to take off. Layer-2 Networks Act As Crypto’s Fast Lane Imagine trying to swap some tokens just as the market goes wild – suddenly, your transaction fees are through the roof. That’s where Layer-2 networks come in....

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Jump Trading Continues to Sell ETH, Offloads Another $29 Million Worth of the Asset

Jump Trading’s crypto vertical Jump Crypto unstaked and sold another 11,501 ETH worth $29 million, leaving it with another $63 million to sell. Out of the $63 million, it has already unstaked $48 million of ETH in preparations to sell. The market maker was heavily called out for unstaking and moving its ETH to exchanges over the past weekend as crypto prices dropped tremendously due to macroeconomic factors. Such large amounts sold by those with significant holdings add tremendous selling...

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DeFi Protocol Nexera Hacked for $1.5 Million

Nexera, a DeFi protocol, was hacked for $1.5 million on August 7, according to blockchain security firm Cyvers. It revealed the exploit in an X post, “Hey @Nexera_Official, Our system has detected a suspicious transaction involving your proxy contract. An address took ownership of your proxy contract and upgraded it. Shortly after, the address used the withdraw admin function to transfer all the $NXRA tokens.” The protocol connects DeFi with traditional finance, enabling the tokenizing of...

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Ronin Network Witnessed a $9.8 Million Exploit From an MEV Bot

Popular gaming-related blockchain Ronin, the home to massive titles like Axie Infinity, was exploited on Tuesday, August 6. Onlookers assumed that a hacker made away with 3,996 ETH worth $9.8 million locked in the blockchain. Blockchain security company PeckShield took to X to provide some good news about the exploit. It stated that the exploit may have been executed by a white hat hacker. Its post read, “#PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M).” White hat...

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Bitcoin Could Hit Record High If This Happens in the US: Grayscale

According to Grayscale Research, Bitcoin might revisit its all-time high later this year if the U.S. economy avoids a recession. This optimistic outlook follows a period of stabilization in both crypto assets and broader financial markets, which had faced sharp declines from Friday, August 2, through Monday, August 5. Grayscale Predicts Bitcoin Rally In an August 8 research report, analysts at Grayscale expressed optimism about the U.S. economy’s ability to achieve a “soft...

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Toronto: Auf dem Weg zur Bitcoin-Stadt?

Toronto, das pulsierende Finanzzentrum Kanadas, hat in den letzten Jahren zunehmend Interesse an Bitcoin und Kryptowährungen gezeigt. Obwohl es noch nicht den Status einer vollwertigen „Bitcoin-Stadt“ erreicht hat, gibt es deutliche Anzeichen dafür, dass sich die Metropole in diese Richtung bewegt. Denn nächste Woche ab dem 13. August findet in Toronto die wichtigste Ethereum-Messe im Jahr 2024 statt: ETH Toronto. In der Metropolregion Toronto gibt es tausende Bitcoin ATMs rsp. BTMs: .. die...

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