Author: Benjamin Lee
A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX) is turning white hat by returning the stolen funds to collect a bounty. In a new thread on the social media platform X, GMX says the hacker who stole $42 million worth of crypto assets earlier this week from its Arbitrum (ARB)-based liquidity pool is returning the funds and collecting a $5 million reward. “A potential exploitable amount of $42 million belonging to GLP holders was secured. After payment of a $5 million bounty to the user, the remaining funds are now…
Analyst and trader Michaël van de Poppe believes Bitcoin (BTC) is primed to go much higher after the flagship crypto asset broke into a new all-time high. Van de Poppe tells his 795,200 followers on the social media platform X that Bitcoin could reach a price of $250,000 in the fourth quarter – an increase of around 112% from the current level. According to the widely followed analyst, Bitcoin could hit a price of $125,000 this month and $150,000 between July and the end of September. However, Van de Poppe expects the rally to pause before his targets can be…
The decentralized oracle network Chainlink (LINK) continues to top crypto’s real-world asset (RWA) sector in terms of recent development activity, per new research from the analytics firm Santiment. Santiment notes in a new post on the social media platform X that Chainlink registered 351 notable GitHub events in the past 30 days. The figure far exceeds the second-ranked RWA project, the layer-1 blockchain Avalanche (AVAX), which clocked 183.4 GitHub events in the past month. The peer-to-peer payments project Stellar (XLM) was third, with 144.57, and Axelar (AXL), a programmable Web3 interoperability platform, was fourth, with 113.77. Source: Santiment/X Chainlink has occupied the…
Two decentralized finance (DeFi) altcoins have abruptly gained support from the top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says it’s adding Sky (SKY), formerly known as MakerDAO, as well as its associated stablecoin USDS (USDS), to its suite of digital asset products. “Sky (SKY) and USDS (USDS) are now live on Coinbase.com and in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the additions had little impact on the tokens, as SKY is trading for $0.0836 at time of writing, a…
A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is on the brink of breaking out while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 550,900 followers on the social media platform X that layer-1 blockchain SUI Network (SUI) is one weekly close away from taking off. “SUI is on the cusp of a breakout from its macro triangle. It is one weekly close above the diagonal resistance away from kickstarting trend continuation to the upside. SUI continues to be a…
HBAR price rose 15% to hit highs of $0.20 as Bitcoin jumped to a new all-time high. Salt app launch on Hedera amid overall bullish sentiment could push HBAR price to key resistance at $0.37. The all-time high of $0.57 reached in September 2021 is a potential short-term target. HBAR, the native token of Hedera, has jumped by more than 15% in the past 24 hours to hit highs of $0.20. This comes amid Bitcoin’s spike and news related to the launch of Salt, a South Korean-based mobile trading application on Hedera. The token is also up amid the recent…
Pepe price has jumped 15% in the past 24 hours to lead top memecoins. Dogwifhat price breaks above $1, hitting highs of $1.07 as bulls eye fresh gains above the psychological level. BONK is up 41% in the past week, and the latest move extends its recent gains. As Bitcoin attracts headlines with a massive spike to a new all-time high, tokens like Pepe (PEPE) are outpacing peers to lead memecoins higher. The cryptocurrency market’s bullish flip has also seen Dogwifhat (WIF) and Bonk (BONK) show signs of further gains. PEPE’s bounce and WIF, BONK’s uptick coincides with Bitcoin breaking…
Sei eyes further gains as it breaks above $0.31 with a 20% surge in 24 hours. Ethena price is above $0.35 and could eye the $1 psychological level amid fresh momentum Arbitrum price has reached $0.41 and could explode amid adoption trends. The cryptocurrency market is in an uptrend, with several altcoins under $1, including Sei, Ethena, and Arbitrum, seeing notable gains in the past 24 hours. Sei has surged 20% in the last 24 hours, breaking above $0.31, while Ethena has spiked above $0.35. Elsewhere, Arbitrum trades above $0.41. With these tokens among the top 100 best performers as…
Omni Network’s price soared 190% from $1.43 to $5.50. The token’s trading volume spiked 5,200% to $749 million, driven by Bitcoin’s breakout to a new all-time high above $118,000. Analysts say the altcoin season is looming, which could see the OMNI price eye $10 next. Omni Network surged a staggering 190% in a single day as the cryptocurrency market experienced a seismic shift, with Bitcoin smashing through $118,000 for another record high. Bitcoin’s gains saw the global crypto market capitalisation climb 6.2% to over $3.68 trillion. Meanwhile, an explosive rally across crypto saw $1.2 billion in liquidations. As OMNI eyes…
A zero-knowledge (ZK) proof computer processing altcoin is crashing after suddenly gaining support from the world’s largest crypto exchange platform by trading volume. In a recent announcement, Binance said it is adding support for Lagrange (LA), preceding a significant dip in price. “Binance is excited to announce that Lagrange will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.” After the announcement, the digital asset went from a seven-day high of $0.676 on July 9th down to $0.416 at time of writing, a 32% decrease during the last 24 hours. Last month, LA saw the opposite…