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NFT News
Gritdaily
3w
113
Image Credit: Gritdaily
How Rekt Went from Meme to Movement with Ovie Faruq
- Ovie Faruq, a former distressed credit trader at Barclays, has reinvented the beverage aisle with Rekt, a drinks brand merging crypto, culture, and consumer branding.
- Rekt started from an NFT artwork called REKT Guy, evolved into REKT Brands, and launched REKT Drinks, a zero-alcohol, low-sugar seltzer with a unique token economy tied to each can.
- Each purchase of a REKT drink comes with a claimable reward in $REKT coin, creating a hybrid customer-investor model supported by crypto infrastructure.
- REKT focuses on community building as infrastructure, not just a marketing tactic, with plans to expand retail presence globally and introduce new product categories beyond seltzers.
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Bitcoinist
3w
285
Image Credit: Bitcoinist
NFT Theft: Fake Insiders Posing As IT ‘Experts’ Rack Up $1 Million–ZackXBT
- NFT projects lost around $1 million in crypto when hackers posed as IT insiders and exploited minting systems.
- The attackers joined development teams under false identities, rapidly minted tokens, crashed prices, and cashed out before being detected.
- Favrr, Replicandy, and ChainSaw were among the projects hit, with the thieves swiftly dumping tokens and stealing funds.
- The stolen crypto remains in wallets, making it challenging to trace and freeze the funds as they move through exchanges.
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17 Likes
TronWeekly
3w
246
Image Credit: TronWeekly
Ethereum (ETH) Locked Tight: 35M Coins Staked As Liquidity Falls To Post-Merge Lows
- Over 35 million ETH, worth roughly $84 billion, are now staked, 28.3% of the total supply.
- Liquidity has dropped to its lowest point since the Merge, raising volatility risk.
- Centralization fears resurface as the top 3 operators control nearly 40% of staked ETH.
- Restaking has become increasingly popular with Ethereum, offering new yield opportunities.
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14 Likes
99Bitcoins
3w
79
$1 Million Drained From Pepe NFT Projects in Coordinated Contract Hijack
- Hackers stole over $1 million from Pepe NFT projects by hijacking smart contracts tied to ChainSaw studio and Matt Furie.
- The attacks targeted multiple collections, draining funds and minting new tokens to crash floor prices across projects like Peplicator and Hedz.
- Evidence suggests the breach came through freelance developers, with suspicious ties to North Korea and poor internal security practices.
- A related exploit hit the Favrr NFT project for $680,000, following the same laundering path, raising fears of a broader vulnerability.
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4 Likes
Newsbtc
3w
13
Image Credit: Newsbtc
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?
- Ethereum (ETH) has surged from $2,111 to $2,515 between June 12 and June 25, sparking hopes of breaking the $3,000 barrier.
- Positive funding rates, a potential short squeeze, and increased ETH inflows to Binance have accompanied Ethereum's recent rally, suggesting a shift in market dynamics.
- The rise in funding rates may elevate the risk of a short-term price pullback if long positions become overextended, as highlighted by the data showing majority liquidations were long positions.
- While a short-term correction may be possible, technical analysis indicates ETH could potentially surpass the $2,800 resistance level and reach a new all-time high, although bearish predictions suggest a revisit to lower levels around $1,700 to $1,950.
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Bitcoinist
3w
334
Image Credit: Bitcoinist
Bitcoin Big Investors Step Back: Whale Inflows To Exchanges See Steep Decline
- Bitcoin has shown resilience after surpassing $107,000 and maintaining stability above this level, signaling bullish sentiment among key investors.
- Whale inflows of Bitcoin to exchanges have significantly declined, suggesting a shift towards long-term holding strategies and reducing immediate selling pressure.
- Similar patterns seen in recent whale activities resemble those observed in 2024, indicating potential future price spikes if current trends persist.
- Crypto analysts anticipate Bitcoin's next move towards a new all-time high, with technical indicators pointing towards a potential surge to $125,000.
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20 Likes
Massivelyop
3w
35
EVE Frontier offers a free trial for the blockchain game starting on June 27
- CCP Games is offering a free trial for its blockchain game, EVE Frontier, starting on June 27th and running through July 7th.
- Players can log in, play for free, and any Grace earned during the trial will convert to EVE Points if a Founder's account is purchased before the end of Cycle 1.
- Progress made during the trial will be retained if a Founder's account is bought within the deadline; otherwise, progress will be lost.
- CCP Games encourages players to share their impressions of EVE Frontier during the free trial period.
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2 Likes
Bitcoinsensus
3w
163
Image Credit: Bitcoinsensus
Binance Launches Global Training to Fight Web3 Crime
- Binance has launched a global law enforcement training program to combat blockchain-based crime and equip officials with necessary tools.
- Crypto-related criminal losses exceeded $3 billion in 2024, prompting a need for enhanced law enforcement strategies.
- The training program focuses on blockchain forensics, wallet tracking, and DeFi-based laundering schemes to help close the gap between criminal innovation and law enforcement response.
- Binance's initiative aims to bolster its regulatory standing globally amidst increasing institutional interest and regulatory scrutiny in the cryptocurrency space.
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9 Likes
Coinjournal
3w
229
Image Credit: Coinjournal
Komodo tanks 25% after Binance announces delisting
- Komodo (KMD) price plummets by over 25% after Binance announces delisting, with the token trading at lows of $0.06.
- Binance plans to delist Komodo, Stella, LeverFi, Biswap, and LTO Network tokens on July 4, 2025, citing trading volume, liquidity, and project activity reviews.
- LTO Network, LeverFi, and ALPHA experienced price drops following the delisting news, with BSW being an outlier, rising more than 50%.
- The delisting of these tokens raises concerns about smaller projects maintaining listings on major platforms like Binance.
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13 Likes
Medium
3w
392
Image Credit: Medium
Why You Feel Like You’re Not Winning in Web3 (Even If You’re Doing Everything Right).
- Feeling stagnant in Web3 despite efforts is a common struggle due to comparison, silent builders, and seeking instant gratification.
- Tips to shift mindset include rebuilding your scoreboard, acknowledging small wins, and detaching from immediate outcomes.
- Focus on real growth indicators like learning, consistency, and impact rather than superficial metrics.
- Understanding the compound effect of patience and silent progress is key to success in Web3.
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23 Likes
Blockonomi
3w
291
Image Credit: Blockonomi
SEC to Review First NFT-Backed ETF as PENGU Joins DOGE in Crypto Funds
- CBOE has filed an ETF mixing PENGU tokens with Pudgy Penguins NFTs for SEC approval, potentially making history.
- The ETF allocates up to 95% to PENGU tokens and 15% to NFTs, with no leverage or derivatives used.
- SEC review is ongoing, with potential approval before March 1, according to Bloomberg's Eric Balchunas.
- Canary Capital will select NFTs based on rarity, pricing, and visual appeal for the ETF, categorizing it as high risk.
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17 Likes
TronWeekly
3w
145
Image Credit: TronWeekly
Bitcoin Inflows Drop While Price Holds Strong Above $105000
- Bitcoin inflows to Binance drop to 5,147 BTC, reaching a multi-month low, while BTC price remains above $105,000.
- Reduced selling pressure and rising demand indicate an early-stage bullish cycle for Bitcoin, supported by on-chain data.
- This drop in inflows signals a shift among investors towards holding rather than selling, potentially leading to a reduced supply on exchanges.
- While on-chain data and technical indicators suggest a positive outlook for Bitcoin, external factors like macroeconomic uncertainty could impact short-term momentum.
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8 Likes
Bitcoinist
3w
238
Image Credit: Bitcoinist
Bitcoin Bearish Bets Mount: Funding Rates On Binance Slides Into Negative Territory
- Bitcoin has shown signs of recovery, surpassing $105,000, but the sentiment among Binance traders has turned bearish as funding rates on the platform have dropped into negative territory.
- Negative funding rates on Binance are seen as an indication of increasing bets on a further decline in Bitcoin's price, potentially leading to bearish pressure on the cryptocurrency.
- Historically, negative funding rates have sometimes preceded short squeezes, suggesting that market dynamics could shift as Bitcoin experiences heightened volatility and changing momentum.
- Market expert Michael Van De Poppe predicts a surge to new all-time highs for Bitcoin, with a significant resistance level at $106,500 expected to be overcome in the near future, potentially leading to a rally in July.
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14 Likes
Crypto-News-Flash
3w
114
Image Credit: Crypto-News-Flash
Binance and Major Exchanges See $12.4B XRP Outflow — Is a Supply Squeeze Next?
- Binance and Upbit have witnessed a significant outflow of $12.4 billion worth of XRP in the past week, accounting for approximately 10% of the total XRP in circulation.
- South Korea's Upbit experienced the largest reduction in XRP reserves, losing nearly 5 billion tokens, while Binance saw a decrease in its XRP stash as well.
- Analysts speculate that the substantial withdrawals may indicate a potential supply squeeze, with discussions surrounding users moving XRP off exchanges in anticipation of market shifts.
- Despite a cooling off in short-term trading and a drop in trading volume, XRP's technical setup shows signs of recovery, with recent market activity driven by factors like the possibility of a court settlement and geopolitical tensions easing.
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6 Likes
Crypto-News-Flash
4w
22
Image Credit: Crypto-News-Flash
How to Buy Mantle (MNT): Complete Exchange Comparison & Step-by-Step Guide 2025
- The article provides detailed guides on buying Mantle (MNT) on popular exchanges like Coinbase, Binance, Kraken, KuCoin, OKX, Anycoin, and Bybit.
- Each exchange's features, supported cryptocurrencies, payment methods, trading costs for different order sizes, and step-by-step buying guides are discussed.
- Key points include security measures, KYC processes, customer support availability, fees, and the importance of safeguarding purchased Mantle tokens in personal wallets.
- The article aims to educate readers on choosing the most suitable platform for purchasing Mantle and emphasizes factors like user-friendliness, security, fees, and available support channels.
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