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Ethereum (ETH)

Indian Exchange WazirX Hacked for $230 Million by North Korean Group

AUM (assets under management). On-chain analysis reveals the hack was carried out by the infamous North Korean Lazarus group. The hack originated from the exchange’s multisig wallets getting breached. It held 200 kinds of digital assets, including SHIB, ETH, USDT, MATIC, PEPE, and more. WazirX took to X to announce the unfortunate hack, “We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident.” The exchange has paused...

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Charles Hoskinson Warns: Biden Victory Equals Demise for US Crypto Sector

Charles Hoskinson, the co-founder of Input Output Global (IOG) and the Cardano blockchain platform, believes that re-electing President Joe Biden is a vote for the death of the American crypto industry. While strongly refuting Ethereum co-founder Vitalik Buterin’s stance on political engagement, Hoskinson advocated for a more aggressive approach to safeguarding the industry while simultaneously emphasizing that the primary goal should be to keep government interference in...

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Spot Ethereum ETF Race Intensifies as Issuers Prepare for Imminent Launch

ETF issuers are making their final preparations to launch spot Ethereum-based products in the United States next week. On July 18, ETF Store president Nate Geraci noted that the final S-1s were in from prospective spot ETH ETF issuers. The Form S-1 is the initial registration form for new securities required by the SEC for public companies. Two months ago, “just about everyone thought these had no chance of approval,” he added before predicting that the launch date could be...

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Ethereum Price Analysis: Is $3.7K Realistic for ETH or is a Correction to $3K Coming?

Following a revival in buying interest and demand, Ethereum’s price has surged, reclaiming the 100 and 200-day moving averages. This price action suggests a shift towards a potential rally, with buyers targeting a new yearly high in the mid-term. By Shayan The Daily Chart A detailed analysis of Ethereum’s daily chart reveals that after a notable increase in buying pressure near the substantial $3K support region, the cryptocurrency initiated a bullish spike, surpassing the...

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Polygon Announces Production Readiness of Its Plonky3 ZK Proving Technology

Polygon revealed that its new zero-knowledge (ZK) proving system, Plonky3, is ready for use. The company revealed that the open-source software is audited and secure for developers to integrate. It stated in its announcement, “Today, researchers at Polygon Labs are excited to announce that Polygon Plonky3, the next generation of ZK proving systems, is production ready and open-source licensed under MIT/Apache.” Plonky3 is a proving mechanism that lets blockchains and applications operating on...

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LI.FI Hack Causes Losses Worth Over $10 Million

LI.FI, a protocol offering bridging and swapping services between the Ethereum Virtual Machine (EVM) and Solana, was attacked by cybercriminal(s), allowing them to walk away with more than $10 million. The attack targeted smart contracts, taking advantage of bugs to steal the funds stored by them and within wallets interacting with them. Cyvers Alerts notified the crypto community about the occurrence, “More than $8M have been drained so far from users and mostly stablecoins! Attacker is...

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Here’s How ETH Could Surge Above $5,000 in 2024 After Ethereum ETP Approvals: Bitwise CIO

Bitwise Asset Management’s Chief Investment Officer has predicted that the introduction of Ethereum Exchange-Traded Products (ETPs) will drive ether (ETH) prices to new all-time highs above $5,000 by the end of the year. The CIO suggests that ETP flows could have a bigger impact on Ethereum than they did on Bitcoin. The Road to Ethereum’s New All-Time-High According to Matt Hougan, with ETPs projected to attract $15 billion in new assets over the next 18 months and ETH...

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Clandeno (CLD) ICO Expected to 100X Amid Political Uncertainty and Bitcoin (BTC) Rebounds with Ethereum (ETH) Rallying

META: Cryptocurrency has hit a new boom showing mainstays like Bitcoin and Ethereum making big growths and this is more evident when newcomers in an exciting presale are gaining from this boom as well TLDR Bitcoin has surged past 60K showing its dominance Ethereum 2.0 helps increase its value and interest in the space Clandeno’s presale is being evaluated at 100x gains because of the growth of the space In the fast-paced world of cryptocurrency, tumultuous political events often...

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