Crypto exchange BingX confirmed that it experienced a “minor asset loss” after detecting suspicious outflows from one of its hot wallets. In a post on Sept. 20, BingX’s Chief Product Officer Vivien Lin stated that the exact amount stolen from the breach was still under evaluation and that the incident…
Ether’s recent underperformance may be over, Steno Research said in a report. The report noted that in the last bull market, during altcoin season, ether more than doubled in value compared to bitcoin. The U.S. Federal Reserve’s interest rate cut will result in more onchain activity, which will benefit Ethereum.…
PeckShield, a blockchain security company, initially detected suspicious transactions at approximately 00:37 UTC. Initial reports suggested an outflow of around $13.6 million. BingX Has Paused Withdrawals Following this, several crypto security platforms conducted a more thorough examination and confirmed that BingX had been compromised. On-chain analysis firm Lookonchain detailed the…
Solana Labs’ mobile subsidiary, Solana Mobile, has announced the launch of its second crypto-focused smartphone, the Seeker, which will ship in 2025. The new device, unveiled during the Token2049 event in Singapore, promises hardware and software improvements over its predecessor, Saga. Seeker’s Capabilities “We’ve been deep in build mode for…
Sky, the decentralized finance lender previously known as MakerDAO, will move forward with a plan to offboard wrapped bitcoin (WBTC) as collateral, following a vote that closed on Thursday and garnered overwhelming support from the project’s community. The matter has been closely followed in crypto markets, since the Sky platform…
The event covered everything from Ethereum’s growth to new partnerships in sports and AI, highlighting how the industry continues to evolve. Vitalik Sings Ethereum’s Progress: Fees, Speed, Future Ethereum creator Vitalik Buterin surprised Token2049 attendees by delivering his speech in the form of a concert. Despite the unusual presentation, he…
The optimism comes after the Federal Open Market Committee (FOMC) decided a 50 basis points interest rate cut in September, suggesting the US economy is in a good place. Crypto Banter, a popular YouTube channel with over 1.08 million subscribers, says the 2024 altcoin season is beginning. Its founder, Ran…
With a resurgence in demand for NEIRO, the meme coin looks poised to extend its gains. Neiro Ethereum Makes Its Comeback BeinCrypto reported that NEIRO saw a sharp 45% price drop on Monday after Binance listed a different token with the same NEIRO ticker on its spot and futures markets.…
The However, it seems not everyone is celebrating. Ethereum spot exchange-traded funds (ETFs)experienced outflows yesterday despite the price surge. Ethereum ETF Holders Remove Their Funds According to data from SosoValue, ETH spot ETFs recorded a net outflow of $9.74 million on Wednesday, bringing the week’s total outflows to $30.36 million.…
Nazarov also noted that Chainlink is ready to take advantage of this shift in the blockchain space. Nazarov anticipates an interconnected world where decentralized finance (DeFi) and TradFi actively transact with each other. Acknowledging the growing interest in tokenized RWAs, he says TradFi would be DeFi’s largest customer. Speaking at…