Author: CryptooTimes
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana and Ethereum navigate market challenges, Borroe Finance emerges as a promising investment, capturing investor interest with its unique defi solutions. In this dynamic market, investors are eagerly looking for a survival guide. Many top altcoins are succumbing to bearish pressure, including established coins like Solana (SOL) and Ethereum (ETH). However, Borroe Finance (ROE) has evolved as a reliable crypto investment. Is Solana ready for breakout? Solana has followed an elevated trend since the start of 2024. Bulls…
According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake. Source link
“Even if the first deadline of May 23, 2024 encounters a rejection, we think there is a high likelihood that litigation could reverse that decision,” the note said. “In the interim, we believe the structural demand drivers for ETH as well as the technological innovations within its ecosystem will enable it to continue straddling across multiple narratives.” Source link
Phishing scammers utilizing crypto drainers appear to be no longer directing stolen funds to centralized exchanges, turning instead to swap protocols and bridges. Cybercriminals operating drainers have changed their strategy significantly, with the majority of stolen funds now flowing into decentralized finance (defi) protocols, a notable change from 2020 when centralized exchanges were the primary destination. Data from Chainalysis reveals that in 2023, nearly 75% of funds stolen via crypto drainers were funneled into defi, a stark contrast to 2020, where over 90% ended up in centralized exchanges. Analysts at Chainalysis also observed that certain drainers appear to be utilizing…
The ex-employee alleged of exploiting pump.fun for $1.9 million claims he was arrested and charged in Britain and is now on bail. Source link
The bears’ inability to penetrate that bull-market trendline since Monday suggests they might have to back up a bit and allow a price bounce before making another attempt at extending recent declines. The native token of the Ethereum blockchain has dropped more than 15% to $3,000 from highs near $4,100 two months ago, according to CoinDesk data. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, lost 17% in the same period. Source link
Ex-employee behind the $2 million pump.fun exploit demands $100,000 payouts to each contributor, excluding founders, while threatening to burn the stolen funds. An attacker behind pump.fun, a Solana-based launchpad for memecoins which lost nearly $2 million after a former employee gained admin privileges, is threatening to burn the stolen funds if the project’s management team fails to distribute $100,000 to contributors. https://twitter.com/STACCoverflow/status/1791322518592074092 In an X post on May 17, the exploiter known as “Stacc” stated their willingness to burn the stolen tokens if the pump.fun team doesn’t release $100,000 “to each and every non-founder that has contributed to pump at…
The scammers convinced victims to transfer millions of dollars into U.S. bank accounts, which were then used to launder the illicit funds. Source link
“Bitcoin was pulling back towards $65K on Thursday but is already trying to regain its footing above $66K on Friday morning. If cryptocurrencies get support from the global risk appetite on Friday, Bitcoin could exceed $70K over the weekend,” shared Alex Kuptsikevich, FxPro senior market analyst, in a note to CoinDesk, referring to increased inflows from spot ETFs. Source link
Notcoin (NOT), a play-to-earn clicker gaming application on Telegram, has seen its price plummet by 55% after securing listings on major crypto exchanges. At the time of writing, NOT was trading at $0.006414, with a 24-hour trading volume of $1.35 billion. The token’s market cap has fallen to $661 million, according to CoinMarketCap. NOT 24-hour price chart | Source: CoinMrketCap Notcoin is a web3 gaming project that started on Jan. 1 within The Open Network (TON) ecosystem. It operates as a mini-application within Telegram, allowing users to earn coins with a simple tap on their phone screens. Earnings can be…
