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Cryptography News
Cryptopotato
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BYDFi Teams Up with Partners IOTA and Travala to Explore Web3 Innovations at Taipei Blockchain Week 2024
- BYDFi, a global leading cryptocurrency exchange, partnered with IOTA and Travala during the Taipei Blockchain Week (TBW) to explore Web3 innovations.
- BYDFi showcased its strong ability and innovative spirit in the Web3 field, focusing on the prospects and trends of Web3.
- During TBW, BYDFi collaborated with IOTA to explore application scenarios of blockchain technology in finance, IoT, and other fields.
- BYDFi has a long-term partnership with Travala, aiming to apply blockchain technology to the travel industry and provide a secure travel experience.
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Cryptoslate
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Image Credit: Cryptoslate
LastPass-linked crypto theft climbs to over $250 million after latest $5.4 million hit
- LastPass threat actor has stolen approximately $5.36 million in cryptocurrencies.
- This exploit traces back to a December 2022 security breach where attackers accessed archived backups of encrypted vault data.
- Crypto losses connected to the breach have now exceeded $250 million as of May 2024.
- Security experts warn against trusting password managers with sensitive crypto-related data.
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Coinjournal
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Image Credit: Coinjournal
Bitcoin holds above $107 despite $172m Mt. Gox BTC transfer
- Bankrupt crypto exchange Mt.Gox transferred over $172 million in BTC to new unknown addresses.
- The price of Bitcoin held strong despite the wallet activity of Mt. Gox.
- Another dormant whale woke up and moved $530 million worth of Bitcoin into new addresses.
- Bitcoin has recovered from previous Mt. Gox dumps and reached new all-time highs.
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Cryptoticker
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Why Are Crypto Prices Going Up Today?
- The cryptocurrency market is showing signs of recovery today, with the total market capitalization rising by 1%.
- The positive Chaikin Money Flow (CMF) indicator at 0.18 suggests growing investor confidence and bullish momentum.
- Trump's positive comments about cryptocurrency and his appointments of cryptocurrency-friendly figures have fueled the rise in crypto prices.
- MicroStrategy's inclusion in the Nasdaq 100 index highlights growing institutional adoption and further boosts the legitimacy of Bitcoin as a store of value.
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NullTX
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Image Credit: NullTX
Best Altcoins with 1000X Potential as Qubetics Eyes $15 After Mainnet Launch, SUI Gains Momentum, and Bitcoin Stays Strong
- Qubetics ($TICS) is predicted to surge to $15 after its mainnet launch, offering potential gains to investors.
- Qubetics addresses the gap in traditional investment markets through real-world asset tokenization.
- SUI sees network activity and daily DEX volume reaching new highs, making it a promising altcoin.
- Bitcoin continues to dominate as its price surpasses key milestones and remains a top contender for substantial gains.
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Cryptoslate
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Cardano Foundation clarifies role and priorities amid ongoing ecosystem governance disputes
- The Cardano Foundation has addressed the mounting concerns and criticism over its role within the blockchain network’s ecosystem.
- The Foundation clarified its stance by publishing an official blog post and a detailed FAQ, reaffirming its active participation in Project Catalyst since 2021.
- The Foundation emphasized its commitment to advancing decentralization, governance, and sustainability across the Cardano network.
- It also responded to concerns regarding its alignment with Input Output Global (IOG) and its stance on the Cardano Constitution.
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Financemagnates
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Image Credit: Financemagnates
Wall Street Bitcoin Miners Just Made Millions, Profits Hit 7-Month High - Here's How
- The crypto mining sector witnessed significant economic improvements in December, with mining profitability reaching its highest levels in seven months.
- Wall Street Bitcoin Miners' daily block reward revenue per exahash per second (EH/s) reached $57,300, a seven-month peak.
- Bitcoin miners from the US have significantly strengthened their market position, with their combined hashrate surging 94% year-to-date and controlling 29% of the global network.
- Bitcoin miners have sold over 140,000 BTC in December to cover operational expenses, but some are also issuing debt to raise funds and accumulate more BTC.
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NullTX
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Image Credit: NullTX
Ethereum Sees Major Institutional Accumulation And Record ETF Inflows
- Ethereum is witnessing substantial institutional interest with notable transactions highlighting ongoing accumulation.
- Two multisignature wallets withdrew 4,502 ETH ($17.54 million) from Binance and staked the tokens with KelpDAO, making a profit of $517,000 (+3%) as ETH price rebounded above $4,000.
- Justin Sun, founder of Tron, applied to withdraw 52,905 ETH ($209 million) from Lido Finance, revealing his accumulation of 392,474 ETH ($1.19 billion) with an estimated profit of $349 million (+29%).
- Ethereum spot ETFs experienced record inflows, with net inflows of $855 million in a week, led by BlackRock's ETHA ETF with $523 million and Fidelity's FETH ETF with $259 million.
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NullTX
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Bitcoin Surges To $106K: Whales, Miner Activity, And ETF Inflows Shape The Market
- Bitcoin has reached a historic milestone, surpassing $106,000 for the first time.
- Strong investor activity and accumulation has been observed across key price levels between $96,000 and $100,000.
- Bitcoin whales, wallets holding substantial amounts of BTC, have surged since Donald Trump's presidential election victory, indicating increased confidence in the cryptocurrency.
- Miner activity shows steady selling, likely driven by operational cost management rather than panic. Bitcoin spot ETFs recorded significant net inflows, contributing to the market momentum.
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NullTX
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Image Credit: NullTX
AI Tokens and Emissions: Managing Short-Term Risks Through Tokenomics Analysis
- Bittensor's token ($TAO) is projected to have a 3.02% increase in circulating supply, adding $129.26 million in value.
- Akash Network ($AKT) and AIOZ Network ($AIOZ) are expected to have moderate emissions, with a 0.82% and 0.59% increase in circulating supply, respectively.
- FetchAI ($FET) and Render Network ($RENDER) have conservative supply expansion strategies, with a minimal increase of 0.30% and 0.10% respectively.
- Virtual AI Agents has no planned emissions, maintaining 100% of its token supply in circulation since launch.
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NullTX
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Image Credit: NullTX
Aave’s Strong Lending Growth Fails To Lift $AAVE Price Amid Market Challenges
- Aave's lending activity on Ethereum has surged with netflows exceeding $500 million in the past week.
- Despite the strong lending growth, the price of the $AAVE token has declined by over 14% in the last two weeks.
- Market analysts attribute the price slump to reduced activity and selling pressure in the broader market affecting DeFi tokens.
- While Aave's revenue and dominance in the DeFi space are strong, the challenge remains to translate this success into stronger price action for $AAVE.
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NullTX
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$MOCA Explodes In Value Following Upbit Listing And Whale Activity
- The cryptocurrency $MOCA experienced a surge in trading volume and price following its listing on Upbit.
- The volume of $MOCA increased by 11x overnight, leading to a price surge of 150%.
- Mocaverse NFT floor prices also climbed by 80%, indicating growing interest in the ecosystem.
- Whales deposited 9.5 million $MOCA tokens, potentially making a profit of $2.55 million.
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NullTX
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Massive Token Unlocks And World Liberty Financial’s Strategic $ENA Accumulation
- Over the next seven days, the crypto market anticipates significant token unlocks, with a combined value surpassing $843 million.
- World Liberty Financial recently acquired 509,955 $ENA tokens, signaling growing confidence in its upward trajectory.
- World Liberty Financial has invested $44.41 million across five crypto assets, showcasing a calculated diversification strategy.
- $ENA is breaking out of a bullish pennant pattern, with price targets set at $1.40.
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NullTX
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Image Credit: NullTX
EigenLayer Ecosystem Flourishes: Justin Sun’s Investment And Luganodes’ Role In Innovation
- Justin Sun deposited 196,380 $EIGEN tokens, valued at approximately $964,000, into HTX.
- Since October 1, Sun has consistently claimed and deposited 9.378 million $EIGEN tokens, worth $37.3 million, with an average acquisition price of $3.979.
- Luganodes has been instrumental in supporting a wide range of Active Validator Sets (AVSs) within the EigenLayer ecosystem, driving advancements in blockchain scalability, decentralization, and use cases.
- Looking ahead to 2025, Luganodes remains committed to fostering innovation and supporting the next wave of developments within the EigenLayer ecosystem.
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NullTX
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Image Credit: NullTX
Hyperliquid’s TVL and HYPE Surge: A $1B USDC Inflow Drives Record Growth
- Hyperliquid's Total Value Locked (TVL) has grown by $1.87 billion in the past week.
- The growth is driven by a $1 billion net inflow of USDC into the Hyperliquid chain.
- HYPE token has surged by 746% during the same period.
- Hyperliquid's open interest has reached an all-time high of over $4.3 billion.
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