Altcoin

Aave Users Unable to Access Over $100M in Assets Due to Bug

A bug in decentralized Finance (DeFi) lending protocol Aave V2 on the Polygon network has made it impossible for users to interact with about $110 million worth of assets on the platform. Blockchain security firm BlockSec reported on May 19 that the problem was due to the ReserveInterestRateStrategy contract deployed on Polygon. The upgrade was intended to enable a more efficient interest rate curve on Aave V2 and optimize the platform’s utiliza...

SUI’s Price Hangs on a Thread as It Rests on a Key Support Level

SUI printed a loss over the last 24 hours according to CoinMarketCap. At press time, the altcoin was resting on a key support level at $1.1181. Technical indicators suggested that SUI’s price would soon flip the support level into resistance. Sui (SUI) was one of the many cryptos in the red today according to the crypto market tracking website, CoinMarketCap. At press time, the altcoin’s price stood at $1.12 following a 1.35% drop i...

INJ May Drop to $6.791: Levels to Watch in the Next 24 Hours

INJ occupies the number 1 spot on CoinMarketCap’s trending list after climbing more than 5%. The altcoin was also able to strengthen against BTC and ETH over the last 24 hours. Technical indicators on INJ’s 4-hour chart suggest that there may be a correction in the crypto’s price soon. Over the past 24 hours of trading, Injective (INJ) earned itself a spot on CoinMarketCap’s trending list after a price increase of more than 5% durin...

Crypto Sleuth Exposes Scammer Who Exploited ETH From Crypto Investors

On-chain sleuth ZachXBT has uncovered a scammer’s plot to exploit crypto investors on Twitter. The scammer tricked investors into sending 10 ETH in exchange for a new token called DGEN. The scammer used photoshopped transactions to claim that the DGEN tokens were issued by PEPE founders. Popular on-chain sleuth ZachXBT has shed light on a scammer on Twitter who has been soliciting Ether from crypto investors on Twitter by misl...

Do Kwon Wallet Drains over $2 Million One Year After LUNA Collapse

Crypto worth $2.1 million was mysteriously withdrawn from Terraform CEO’s wallet. The withdrawals occurred following the prosecutor’s appeal against Do Kwon’s bail. Kwon is currently detained in a Montenegro facility, attempting to get bail. In a stunning turn of events, it has been confirmed that virtual assets worth 2.8 billion won, worth over $2.1 million, were withdrawn from an electronic wallet allegedly managed by Terraf...

37 Cryptos Deemed Securities by the SEC: Consequences of Trading Them

The line demarcating cryptos and traditional financial instruments has become a source of rigorous debate among market participants and regulators. The US Securities and Exchange Commission (SEC) has emerged as a central figure in this conversation, primarily due to its role in regulating securities. Recent decisions by the SEC have now firmly classified certain cryptos as securities, a move with substantial implications for investors, exchange...

Blockchain Tracking Firm Warns There May Be an LDO Selloff Soon

A recent tweet by Lookonchain hinted that Jump Trading may soon dump their LDO holdings. According to the post, Jump Trading is starting to leave its role as a market maker for LDO. Despite the potential for an LDO dump in the short term, the altcoin was still able to print a 24-hour gain. 3/ Another main wallet of Jump Trading started to withdraw $LDO from exchanges on August 9, 2022.And withdrew a total of 2.44M $LDO ($5.9M...

Crypto Analyst: Cardano is Primed for a Significant Bull Run

Cardano’s native cryptocurrency, ADA, is primed for a significant bull run. ADA’s price action shows the current downtrend has reached exhaustion. ADA has the potential to recover its losses from the ATH and climb even higher. Cardano’s native cryptocurrency, ADA, is primed for a significant bull run, says Dan Gambardello, founder at Crypto Capital Ventures. In a video analysis uploaded on YouTube, Gambardello revealed that wi...

PEPE Ready to Break Out While Milady Whales Sit on $20 Million Profits

The resistance zone of PEPE appears to be on the verge of a potential change. Also, Milady whales are probably feeling pretty happy with their buys. Here is the state of the market. PEPE, the memecoin of the month, may be about to break out of its resistance zone, according to one analyst. Pseudonymous trader Crypto Tony has identified a potential rally as market sentiment changes. PEPE Fluctuates The meme token has mostly been trading horizonta...

SOL is at a Critical Support, Looks Set For a Significant Rally

Solana’s native cryptocurrency (SOL) looks set for an upside movement. SOL could rally from its current price region and head toward the $35 price level. A confirmed break below the current support could push SOL’s price lower toward $16.1. Solana’s native cryptocurrency (SOL) looks set for an upside movement, according to Matthew Dixon, CEO of Evai, the AI and ML-driven crypto ratings platform. Dixon used a chart analysis to show t...
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