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Ethereum News
TheNewsCrypto
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Ethereum Plunges to $2701 – Is DexBoss the Best Crypto Coin to Invest in Today?
- Ethereum's price recently dropped to $2701 after a brief uptrend followed by a downturn, indicating a potential bearish momentum.
- The price movements of Ethereum were analyzed on February 23 and 24, showcasing both uptrends and downtrends.
- Investors are now searching for promising crypto projects with long-term growth potential and rewards, turning towards crypto presales for such opportunities.
- Notable crypto presale projects like DexBoss, Aureal One, The Last Dwarfs, and Qubetics are gaining attention for their unique offerings and potential in the market.
- DexBoss is a decentralized finance platform that aims to bridge traditional finance with DeFi, offering diverse trading strategies for all types of traders.
- Aureal One focuses on integrating gaming and metaverse in blockchain technology, providing fast transactions and building innovative projects like Darklume and Clash of Tiles.
- The Last Dwarfs is a gaming ecosystem that combines gameplay with investment opportunities, allowing users to stake tokens and earn rewards.
- Qubetics is an ecosystem connecting various blockchains to streamline transactions efficiently, offering promising economic expansion opportunities.
- As Ethereum faces a price decline, investors are turning to projects like DexBoss for potential gains, making informed decisions while understanding the risks associated with crypto investments.
- Interested investors are advised to conduct thorough research on potential crypto investments and make well-informed decisions amid market fluctuations and uncertainties.
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TronWeekly
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Ethereum’s Resilient Bounce Fuels Hopes for a New All-Time High
- Ethereum faced resistance at $2,800, with a recent rejection at $2,819 and a dip to $2,680.
- Crypto analysts highlight a bullish trendline, with past bounces leading to strong upward moves.
- Analyst predicts Ether could break out and surge toward $10,000 soon.
- Despite short-term turbulence, analysts remain optimistic about Ethereum's trajectory.
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Coinjournal
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What we know about the $49.5 million Infini exploit so far
- Infini, a Hong Kong-based stablecoin neobank, was hacked for $49.5 million in USDC and swapped for 17,696 ETH.
- The attacker exploited retained admin privileges in Infini's smart contract, manipulating settings to drain the funds.
- Infini's founder acknowledged the breach, attributing it to negligence in authority transfer and promised full compensation.
- The attack, discovered by CertiK, has highlighted vulnerabilities in DeFi, following the recent Bybit hack.
- The hacker converted the stolen USDC to Dai and purchased 17,696 Ethereum, transferring funds to a new wallet, splitting them across multiple addresses.
- Infini reassured users that all transactions are functioning normally despite the security breach.
- The incident raises concerns about private key management, smart contract security, and insider threats in DeFi platforms.
- Infini's growth and attractive high-yield products inadvertently facilitated the exploit, amplifying its financial impact.
- Speculations link the Lazarus hacker group to the exploit, similar to the Bybit hack, prompting calls for enhanced security measures in crypto platforms.
- The stolen ETH influx boosted Ethereum's price temporarily, while concerns about money laundering and hostile financing emerged due to Tornado Cash use and theft scale.
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TheNewsCrypto
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Bybit Closes the ETH Deficit of $1.23B Within 48 Hours From the Hack
- Bybit has successfully closed the ETH gap within 48 hours from the recent hack.
- The exchange acquired Ethereum through purchase, whale deposits, and loans to recover the lost funds.
- Bybit's quick recovery showcases its commitment to users and sets an example for other crypto platforms.
- The exchange assures 100% 1:1 on client assets through the merkle tree and plans to publish an audited POR report.
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Blockonomi
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Ethereum (ETH) Price: Maintains DeFi Dominance as Price Tests Key Resistance
- Ethereum is resilient above $2,750, eyeing a break of $3,000 resistance, with potential for further upward movement as per technical indicators.
- Prominent crypto analyst Ted Pillows predicts Ethereum could surge to $10,000, drawing parallels with Bitcoin's 2015-2017 bull cycle.
- Ethereum maintains strong technical support at $2,720, with a bullish trend line forming at $2,780 on the hourly chart.
- Ethereum leads in DeFi with the highest Total Value Locked and has a lower inflation rate compared to Bitcoin.
- Reports indicate increased accumulation by Ethereum whales, pointing to growing institutional confidence in the asset.
- Ethereum has shown resilience above $2,750, despite facing resistance at $3,000, with strong support at $2,720.
- Technical analysis reveals a bullish trend line forming at $2,780 on the hourly chart, suggesting potential upward momentum.
- Recent price movements have seen Ethereum testing resistance at $2,850 and maintaining position above $2,750 and 100-hourly moving average.
- Whales accumulating Ethereum during price dips indicates confidence in long-term prospects, often preceding price appreciation.
- Ethereum's dominance in DeFi, lower inflation rate than Bitcoin, and institutional demand contribute to bullish projections for the asset.
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Bitcoinist
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Did Ethereum’s Design Enable The Bybit Hack? Experts Clash
- The $1.5 billion hack of Bybit has raised discussions about Ethereum's design and its potential role in the exploit.
- Some argue that Ethereum's complexity and expansive attack surface might have facilitated the theft.
- Others believe that the hack was not due to Ethereum's design, but rather stemmed from Bybit's security lapses.
- Understanding the impact of Ethereum smart contracts during transactions is highlighted as a challenge in securing the system.
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Crypto-News-Flash
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Ethereum ‘Destined’ for $10,000—Here’s Why Analysts Are Bullish on ETH
- Ethereum's rising institutional adoption, ETF approvals, and dominance in DeFi strengthen the case for a potential rally toward $10,000.
- Technical indicators and historical market patterns suggest Ethereum has entered a bullish phase, with analysts closely watching key resistance levels.
- Analysts draw parallels between Ethereum's trajectory and Bitcoin's performance during the 2015-2017 bull market, projecting a path to $10,000.
- Increasing institutional adoption, ETF approvals, market dynamics, and future outlook contribute to the belief that Ethereum reaching $10,000 is attainable in the foreseeable future.
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Hackernoon
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Why The Bybit Hack Forces Ethereum Into A $1.5B Choice Between Bad Options
- The recent $1.5 billion hack on Bybit's cold wallet has forced Ethereum to make a difficult choice.
- The options facing Ethereum are either to perform a rollback, sacrificing immutability and splitting the community, or to do nothing and risk market chaos.
- The hack raises security concerns as it involved sophisticated techniques and the funds could potentially be used by North Korea for nuclear programs.
- This decision will have a significant impact on Ethereum's identity, blockchain immutability, cryptocurrency's future, and global security implications.
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Crypto-News-Flash
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Bybit Swiftly Restores Dwindling Ethereum Reserve with $1.23B in ETH After $1.4 Billion Theft
- Bybit has fully restored its Ethereum (ETH) reserve to 1:1 on client assets after a recent hack caused a significant drop in reserves.
- The hack resulted in the theft of almost $1.4 billion in ETH from Bybit, with the exchange's ETH reserve declining from 443,691 ETH to 63,807 ETH.
- Bybit responded by purchasing around 54,393 ETH to replenish its reserves, and has also received substantial support from various exchanges and made acquisitions through loans and purchases.
- Despite the hack, the overall impact on the price of ETH was minimal, and the asset still has a chance of reaching $6k depending on regulatory changes and macroeconomic factors.
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Coinpedia
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$49.5M Ethereum Transfer Sparks Fears After Bybit’s $1.46B Hack – What’s Happening?
- A suspicious fund movement of $49.5 million has been detected in the cryptocurrency ecosystem.
- The funds were transferred from an unverified Ethereum contract and swapped for Dai stablecoin.
- The transfer is believed to be a hack, following a pattern of major crypto hacks.
- The incident highlights the ongoing risks and vulnerabilities in the Ethereum ecosystem.
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TheNewsCrypto
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Crypto Exchange eXch Denies Money Laundering Allegations After Bybit Hack
- Non-KYC crypto exchange eXch denies allegations of money laundering related to the $1.4B Bybit hack.
- eXch admitted to processing some funds from the hack but claimed it was an isolated incident.
- Bybit suffered a significant hack, allegedly orchestrated by the North Korean Lazarus Group.
- eXch refused Bybit's request to freeze flagged wallet addresses, causing resistance in recovering stolen assets.
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Cryptopotato
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Ethereum Bounces Back as Bybit ‘Closes Gap’ on Hack Losses
- Ethereum prices displayed resilience over the weekend, rapidly bouncing back from a slump following the massive hack of the Bybit crypto exchange.
- ETH tapped $2,800 in late trading on Feb. 23, following a recovery, but has lost some steam since then once again.
- Bybit received around 446,870 ETH worth around $1.23 billion through loans, whale deposits, and ETH purchases since the hack. Bybit co-founder and CEO Ben Zhou stated that the firm has already fully closed the ETH gap and will publish a new audited proof-of-reserves report soon.
- Despite the initial recovery, ETH fell back to $2,740 during the Monday morning Asian session, but found support. It has been choppy, with resistance around $2,800 and support around $2,600, and has shown little signs of returning to the $3,000 level.
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Cryptopotato
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Ethereum Foundation Launches Open Intents Framework to Boost Cross-Chain Interoperability
- The Ethereum Foundation has launched the Open Intents Framework (OIF) to improve cross-chain interoperability in the Ethereum ecosystem.
- The OIF aims to streamline cross-chain transactions and make it easier for users to send assets across different chains seamlessly.
- Over 30 teams, including Layer 2 networks and wallets, collaborated to develop the OIF and standardize key components like solving and settlement.
- The OIF is supported by prominent Layer 2 networks and received initial funding from Hyperlane and contributions from the Ethereum Foundation and Bootnode.
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TheNewsCrypto
1M
392
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New AI Crypto Tipped for a 50X Upswing – A Better Bet Than Ethereum (ETH) and Shiba Inu (SHIB)?
- AI crypto IntelMarkets (INTL) is tipped for a 50x upswing, making it a better bet than Ethereum (ETH) and Shiba Inu (SHIB).
- IntelMarkets (INTL) combines AI and DeFi, aiming to transform the crypto market by integrating artificial intelligence across all levels.
- Ethereum (ETH) has low growth prospects, while Shiba Inu (SHIB) has experienced a 20% downturn in the past month.
- IntelMarkets (INTL) is fundamentally strong and offers higher growth potential, making it a more compelling bet than Ethereum (ETH) and Shiba Inu (SHIB).
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Bitcoinist
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Ethereum Developer Counters Idea Of Blockchain Rollback Amid Bybit Hack
- Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack.
- Beiko explained why a rollback is impractical and unfeasible due to various factors.
- The Ethereum network is too interconnected and developed for a rollback, and any attempt could result in a continuous cat-and-mouse game.
- At the time of writing, ETH trades at $2,754 with a 2.77% gain in the past day.
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