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rillerawalling

@rillerawalling

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rillerawalling
@rillerawalling
Hackers took control of French footballer Kylian Mbappe’s X account on Thursday, using it to post multiple promotions for the cryptocurrency ‘$MBAPPE’ that uses Solana-based memecoin deployer Pump.fun. This platform has gained popularity for its simplicity. It offers a cost-effective way for users to create and launch their meme coins with just a few clicks. Several users observed that the ‘MBAPPE’ token quickly spiked and then plummeted within minutes. They pointed out that the posts remained on Mbappe’s profile at the time. Some speculated whether the posts resulted from a hack, or if Mbappe himself was involved in promoting the token. The posts have since been deleted.
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Always a hub of dynamic activity, the cryptocurrency market currently experiences an intriguing phase. Recent news emphasizes that potential approval for a Solana ETF might usher in an unprecedented investment era and attract billions into this market. Such developments establish a stage where various cryptocurrencies – Aptos (APT), Sei (SEI), Kaspa (KAS), NEAR Protocol (NEAR) along with emerging Pawfury- can display their unique features and potentials prominently. Pawfury (PAW) is rapidly emerging as a top-tier contender in the cryptocurrency market. With its unique blend of advanced technology and practical utility, Pawfury (PAW) sets itself apart from other coins. Making it an attractive investment option. Backed by a strong and growing community and continuous development, Pawfury (PAW) demonstrates significant growth potential. This strategic positioning and innovative approach make Pawfury (PAW) a standout choice for investors looking for high returns in a competitive market.
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Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian rupee (INR) funds are secure and that efforts to recover the stolen funds are underway.
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For some people, the reason they are in web3 in the first place is because of the technical features available—pseudonymity, custody, decentralization, security, speed, smart contracts, and more. However, some people, typically the newbies, enter the space to speculate on pricing, make quick trades, or are just in it for the money without regard for the fundamental values of the underlying assets. It’s like buying Ethereum and storing it on a centralized exchange, which ironically defeats the entire purpose of Ethereum’s existence. However, in any case, Binance has recently reached 200 million users because it has built an easy-to-use application. They are a prime example of a corporation that has created a product prioritizing user experience over the technical applications that web3 and defi tools allow for.
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Anthony Scaramucci, Donald Trump’s former director of communications, might just turn out to be his most vocal critic. The Skybridge Capital founder and CEO, who held his position under the former president in 2017 for less than a week, will not be voting for the Republican presidential nominee this November, even though they agree on at least one political issue: the need to enact clear crypto legislation. The Democrats' failure to do so is damaging them, said Scaramucci, who nevertheless continues to support the party. “The Democrats have made a horrific mistake,” he said in an interview with CoinDesk’s Jennifer Sanasie. “They could have been neutral on crypto or positive on crypto. And I think it would have helped them in the election.”
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Happycoin.club - Last month, Bitcoin miner CleanSpark mined 445 BTC. This is an increase of 6.7% compared to May's 417 coins. The company was also able to exceed its mid-2024 operational hashrate target of 20 EH/s through the acquisition of five new Bitcoin mining sites in Georgia. According to a press release, CleanSpark sold 8.06 bitcoins in June at an average price of approximately $67,514 per coin. The average hashrate during the month was 17.85 EH/s.
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Evolve Bank & Trust, a crypto-friendly bank, has admitted that the 33 TB data breach was the result of a LockBit ransomware attack linked to a Russian hacker group. At the end of the month, some of the agency's systems stopped working properly due to "unauthorized activity," according to the updated statement. “The attacker likely gained access to the company’s network when one of the employees accidentally clicked on a malicious link.1 With the help of appropriate experts, the bank team managed to stop the attack by 31.05. EvolveBank did not pay the ransom, but restored the data encrypted by ransomware from a backup copy, began an investigation and contacted law enforcement agencies. However, hackers downloaded some of the information posted on the Internet. The file contains most of the personal information of bank customers and employees, such as names, social security numbers, accounts and contacts. Evolve Bank assured that this does not threaten user funds.
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Solana-focused accelerator Colosseum has raised $60 million in its first fund to support early-stage startups in the ecosystem, The Block reports. The structure invests in projects selected during hackathons. The standard amount of investment in a startup is $250,000, the check can grow in subsequent rounds, said Colosseum co-founder Clay Robbins. According to him, fundraising began at the end of 2023 with a plan of $50 million. The foundation has already funded the first 10 teams on Solana. Among them: the Ore mining token project, the Urani swap aggregator and the BlockMesh DePIN protocol.
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Management company VanEck has filed an application with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) for the Solana cryptocurrency. According to the terms of the document, if the fund goes public on the exchanges, the company will buy SOL tokens to secure its shares. VanEck Solana Trust shares would be required to trade on the CBOE exchange, according to the filing. Their price will be tied to the rate of the SOL token, which will be tracked based on benchmark data from the MarketVector company. The Solana blockchain token is the fifth largest crypto asset by capitalization, second only to Bitcoin, Ethereum, USDT from Tether and BNB from the Binance exchange. During periods of excitement around Solana ecosystem projects and demand for the token, it outperformed BNB several times. The Solana blockchain is characterized by high speed and low commissions.
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The company announced the addition of PayPal USD ($PYUSD) to its feature-rich payments platform. The integration represents a significant convergence of traditional finance and the emerging digital currency space, removing additional barriers for consumers to use their crypto assets as part of everyday transactions on a global scale. The announcement comes directly from Crypto.com, detailing the many functionalities now available to users. This latest update illustrates the platform's commitment to improving the user experience while expanding services. Users can now send PYUSD to friends, buy gift cards, and make in-app purchases. In addition, the integration extends to all platforms included in the Crypto.com Pay checkout solution, significantly expanding the app's capabilities for seamless digital transactions.
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Key indicators for Dogecoin (DOGE) indicate that a turnaround may be on the horizon, highlighted by significant growth in transactions exceeding $10 million. This surge in high-value transactions indicates strong interest from whales who are positioning themselves ahead of expected price changes. Dogecoin saw a significant decline last month, losing approximately 25% of its value, and has seen a more notable 33% drop in the past 90 days. However, amid these setbacks, analysts point to the market value to realized value (MVRV) ratio as a critical indicator suggesting a potential reversal in the bullish trend. The MVRV ratio recently dropped to about 15% over the last 30 days. Such a low ratio historically indicates that Dogecoin is undervalued, which often precedes significant price surges.
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Let us recall that in June, digital asset manager 3iQ filed an application to register the first Solana-ETF in Canada with the option of receiving rewards from staking (6-8% per annum). Previously, the co-founder of Matrixport, Daniel Yang, expressed his opinion about the possibility of the asset becoming the next contender for the launch of an exchange-traded fund. Jeffrey Kendrick, head of research at Standard Chartered, also predicted the appearance of ETFs on SOL in 2025. A similar point of view is shared by Ripple CEO Brad Garlinghouse and Galaxy Digital CEO Mike Novogratz.
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There was a demand of $98 million for products based on a basket of altcoins. Experts saw this as investors’ desire to take advantage of market weakness to make purchases. Revenues were also recorded in instruments based on Solana, Litecoin and Polygon - $2.7 million, $1.3 million and $1 million, respectively.
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The outflow from cryptocurrency investment products from June 15 to June 21 amounted to $584 million, over the last two weeks - $1.18 billion. CoinShares reported such calculations. Analysts associated the continuation of negative dynamics with continued pessimism regarding the trajectory of the Fed rate after the last meeting. Data: CoinShares. Total assets under management fell to $92.2 billion. ETP trading volume dropped from $11 billion to $6.9 billion. Clients took $630 million from Bitcoin-related instruments, compared to $621 million in the previous reporting period. Investors withdrew $1.2 million from structures that allow them to open shorts on digital gold (previously they added $1.5 million). In Ethereum funds, the positive trend was interrupted after four weeks in a row - the outflow amounted to $58 million after an inflow of $13.1 million.
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