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Cryptopotato
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Binance Faces Service Disruptions Due to AWS Data Center Outage
- Binance, the world’s largest crypto exchange, experienced service disruptions due to an AWS data center outage.
- Some trades failed, leading to temporary suspension of withdrawals as a precaution.
- Other platforms, including KuCoin, Rabby, and DeBank, also faced unresponsive services and failed transactions.
- The incident highlighted concerns about the dependency on cloud infrastructure and called for decentralization in the crypto space.
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TronWeekly
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Solana Joins OpenSea’s OS2: What This Means for SOL Traders
- OpenSea's OS2 platform now supports Solana (SOL) trading for select beta users, with a wider rollout planned for the coming weeks.
- OS2's Solana integration initially focuses on SOL tokens, with NFT support to follow.
- Solana's inclusion on OS2 is seen as a significant step in their multi-chain strategy and commitment to supporting various blockchain ecosystems.
- Technical analysis suggests a bullish outlook for SOL, with a target price of over $300 based on parallels to Ethereum's 2021 breakout pattern.
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TheNewsCrypto
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KiloEx Exploited for $7.5 Million in Suspected Price Oracle Attack
- KiloEx, a decentralized exchange, experienced a security breach with a loss of $7.5 million across multiple blockchains.
- The attacker utilized a flaw in KiloEx's price oracle system to manipulate asset prices.
- Stolen funds include $3.3 million from Base, $3.1 million from opBNB, and $1 million from BSC.
- KiloEx is partnering with other platforms and security teams to investigate the incident and recover the stolen funds.
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Medium
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Diving into the Wild World of NFT Gaming
- NFT gaming is a revolution in how we play, own, and trade in-game assets.
- Quality matters in NFT gaming experiences.
- Transparent, experienced teams and a fun gameplay are key in successful NFT gaming projects.
- Research, engage with the community, and prioritize quality for the best NFT gaming experience.
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Medium
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What Are NFT Games and Why Are Gamers Paying Attention?
- NFT games use Non-Fungible Tokens (NFTs) as a central part of gameplay.
- Players can truly own, trade, and sell their in-game assets for real-world value.
- The play-to-earn (P2E) model allows players to earn crypto or NFTs by achieving in-game goals.
- Major companies are entering the NFT gaming space, leading to expected growth and improvements in graphics and gameplay.
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TronWeekly
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Whale Activity on Binance Dips: Will This Signal Stability or Further Decline?, Report
- Binance whales show calm amid market instability, with decreasing inflows and lower Exchange Whale Ratio.
- Whale participation in Binance declines, signaling easing selling pressure and potential market stability.
- Despite reduced activity, Binance whales’ behavior suggests stability, offering confidence to smaller investors.
- Large Binance investors are not showing early signs of panic, indicating predictability and assurance for the market.
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Medium
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How Blockchain Is Revolutionizing the Gaming Industry
- Blockchain allows true digital ownership of in-game assets through NFTs, revolutionizing the gaming industry.
- The play-to-earn model enabled by blockchain allows players to generate real-world value and income through gameplay.
- Blockchain ensures higher security, transparency, and fairness in gaming, preventing cheating and fraud.
- Interoperability of in-game assets across multiple games creates a unified gaming ecosystem and enhances player engagement.
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TheNewsCrypto
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OM Token Price Crashes Over 90%—Binance Explains What’s Going On
- The native token of Mantra, OM, experienced a drastic price drop of over 90% in a single day, falling to as low as $0.4222.
- Binance attributes the crash to heavy cross-exchange liquidations, resulting in significant selling pressure.
- Binance took measures to protect users, including reducing leverage levels for OM trading and issuing warnings about changes in supply and tokenomics.
- Around $227 million worth of OM tokens were deposited into exchanges before the crash, further exacerbating the situation.
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Medium
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How to Create NFTs on Solana: A Step-by-Step Guide
- Solana has emerged as a preferred blockchain for creating NFTs due to its scalability, affordability, and developer-friendly tools.
- The low transaction costs, high throughput, and developer tools of Solana make it an attractive choice for businesses looking to launch NFT projects efficiently.
- The step-by-step guide to creating NFTs on Solana includes setting up the development environment, creating a Solana wallet, preparing NFT metadata, configuring Metaplex Candy Machine V2, minting NFTs, and exploring compressed NFTs.
- Partnering with professional NFT development services can ensure smooth execution and minimize risks in creating NFTs on Solana.
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Cryptopotato
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Here’s What Binance Whales Are Doing Amidst Market Chaos and BTC’s Surge
- Binance whales remain unfazed amidst the market chaos and Bitcoin's surge in price.
- The Exchange Whale Ratio on Binance shows a steady increase in whale involvement in Bitcoin over time.
- The Binance Whale to Exchange Flow indicates a decline in whale inflows, suggesting reduced selling pressure.
- US institutional investors experienced significant outflows from Bitcoin funds due to trade tensions and tariff plans.
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Coinjournal
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Dark web leak exposes data of 100,000 crypto users in large-scale phishing attack
- A new wave of crypto data breaches has compromised sensitive user details from major platforms including Ledger, Gemini, and Robinhood.
- Most of the affected individuals are located in the United States, with a smaller number from Singapore and the UK.
- The data exposure appears to be the result of phishing attacks rather than internal hacking, with attackers targeting users through fake websites, emails, and text messages.
- Binance has added SMS verification measures to strengthen their phishing defenses in response to the increased volume and sophistication of phishing attacks.
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Blockonomi
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Pennsylvania Man Pleads Guilty to Tax Fraud Over $13M in CryptoPunks NFT Sales
- Pennsylvania man Waylon Wilcox pleaded guilty to filing false tax returns concealing $13M in CryptoPunks NFT sales
- He underreported $8.5M in 2021 and $4.6M in 2022, reducing his tax obligation by over $3.2M
- Wilcox sold 97 CryptoPunks NFTs: 62 in 2021 for $7.4M and 35 in 2022 for $4.9M
- He faces up to six years in prison, supervised release, and fines for tax evasion
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Crypto-News-Flash
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Mantra Investigates Potential Exchange Role in Sudden OM Token Crash
- Mantra's token OM experienced a catastrophic collapse, dropping by 98% in an hour.
- An internal investigation has been initiated by Mantra to determine the role of centralized exchanges in the sell-off.
- The crash was triggered by sudden closures of account positions by centralized exchanges.
- Anomalies in whale movements and high trading volume suggest potential for OM's rebound.
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Crypto-News-Flash
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Shaquille O’Neal Settles Lawsuit Over Astrals NFT Project
- Shaquille O’Neal settled a class action lawsuit over promoting the Astrals NFT project.
- O'Neal agreed to pay $11 million to settle the lawsuit filed by buyers of Astrals NFTs.
- The settlement was approved by Florida Federal District Judge Federico Moreno.
- Despite supporting Astrals after FTX's collapse, O'Neal faced legal scrutiny for his involvement.
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TheNewsCrypto
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NFT CryptoPunk Seller Pleads Guilty For False Tax Returns Submission
- A man in Pennsylvania pleaded guilty for false tax returns submission on his NFT sales.
- The NFT market is receiving increased attention from regulators.
- Bitcoin experienced a brief bullish return, reclaiming $86K after a crash.
- A crypto trader in Pennsylvania is facing charges for excluding 97 CryptoPunk NFT transactions from tax returns.
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