Polygon (MATIC) Faces a Severe Profitability Crisis
TL;DR Only 5.63% of Polygon (MATIC) addresses are in profit or at breakeven, according to IntoTheBlock. MATIC has fallen 3.9% in the last 24 hours, now trading at…
Cryptocurrencies
OKX Faces Security Crisis: Massive Outflow of Funds totaling $630M
TL;DR OKX experiences an outflow of over $630 million in one week due to growing security concerns. Users report fund losses due to hacker…
UwU Lend Negotiates with Hacker After Losing $23 Million
TL;DR UwU Lend, a DeFi protocol founded by former Frog Nation CFO, Sifu, fell victim to a cyberattack. Resulting in a loss of $19.4…
The Crypto Exodus: Investors Embrace Long-Term HODLing
TL;DR Investor Shift: Bitcoin and Ethereum are being withdrawn from exchanges in large amounts, hitting a four-year low, signaling a shift from short-term trading…
zkSync Airdrop: 3.68 Billion ZK Tokens to Be Distributed to 695,232 Wallets
TL;DR zkSync will distribute 3.68 billion ZK tokens to 695,232 eligible wallets next week. Eligible users must have interacted with the zkSync Era or…
Io.net Launches Token on Binance and Opens Rewards Claim Period Amid Leadership Change
TL;DR Users of io.net’s Ignition Rewards Program can claim their rewards from June 11 to June 18, 2024. The IO token of io.net will…
Crypto Market Remains Stable While Injective (INJ) and BRETT Surge
TL;DR Bitcoin (BTC) remains stable around $71,000. Injective (INJ) increases 8.05%, reaching $30.20. BRETT leads with a 25% daily gain. The cryptocurrency market has…
Ondo Finance Reaches $500 Million in Total Value Locked
TL;DR Ondo Finance surpasses $500 million in Total Value Locked (TVL) after discussions in Congress on the tokenization of real-world assets. Ondo Finance’s TVL…
Trump Accumulates Over $30 Million in His Wallets After Being Sentenced
TL;DR Donald Trump cryptocurrency wallet has reached a value of $30 million after receiving an avalanche of meme coins and donations from his followers…
Charles Hoskinson Compares Cardano with Bitcoin
TL;DR Charles Hoskinson, founder of Cardano, compared the sustainability of the ADA network to that of Bitcoin, emphasizing the importance of transaction fees over…
Binance Falls Victim to a Chrome Plugin, Trader Loses $1 Million
TL;DR A Chinese trader lost $1 million on Binance due to a hack related to the Chrome plugin “Aggr”. Despite having two-factor authentication enabled,…