Balita sa Industriya ng Crypto at Market Trends

Poly Network Hacker Unites Stolen ETH In Dual Ethereum Addresses

Ethereum　　Pinagsasama ng Poly Network Hacker ang Ninakaw na ETH Sa Mga Dual Ethereum Address　　Balita ng Ethereum ng Bitcoin　　Pangunahing puntos:　　In the ongoing aftermath of the Poly Network hack, it has been revealed that the exploiter responsible for the attack has consolidated approximately 566.4 ETH into the Ethereum address 0x712. 　　Additionally, another 1,007.4 ETH has been transferred to the address 0xcC2bb, raising concerns about the fate of the stolen funds.　　The Poly Network hack, which took place recently, resulted in the theft of a substantial amount of digital assets across multiple blockchains, including Ethereum. The hacker exploited a vulnerability in the networks smart contract, allowing them to gain unauthorized access and transfer funds to their control.　　The consolidation of approximately 566.4 ETH into the address 0x712 indicates the perpetrators efforts to centralize their ill-gotten gains into a single location. This move raises questions about their intentions and potential plans for the stolen funds. Law enforcement agencies, blockchain analysts, and the crypto community at large are closely monitoring these transactions for any potential leads that could help recover the stolen assets.　　The transfer of 1,007.4 ETH to the address 0xcC2bb introduces another aspect to the ongoing investigation. It remains unclear whether this address belongs to the

2023-07-10Ethereum

Bitcoin, Ethereum, USDT Trade At Discount On BinanceUS, Arbitrage Opportunity Or Trap?

Bitcoin Ethereum　　Bitcoin, Ethereum, USDT Trade Sa Discount Sa BinanceUS, Arbitrage Opportunity O Trap？　　Balita ng Ethereum ng Bitcoin　　Cryptocurrencies on Binances US-based crypto exchange Binance.US trade at a discount, what the crypto community calls a “crypto depeg”. Top cryptocurrencies Bitcoin and Ethereum are trading at $27,500 and $1700 respectively, a discount of $3000 and $200 from global spot prices.　　Meanwhile, USDT remains depeg to USD at $0.91 following the US SEC lawsuit and USD deposits and withdrawals suspension. Other altcoins are also available at a discount on the crypto exchange.　　BTC and ETH prices jumped 2% on Binance.US as traders move to take an arbitrage opportunity, which means buying at low prices and selling at higher prices on another exchange. While it seems a better arbitrage opportunity, it can only be used by people having USD on Binance.US as deposits remain suspended for nearly a month.　　Gayundin Basahin: Terra Luna Classic To Expedite Community-Owned Station Wallet Infrastructure, LUNC Jumps　　The crypto community has raised concerns over the future of Binance.US as most executives are exiting the crypto exchange.　　Ang beteranong mangangalakal na si Peter Brandt din kilala the USDT depeg on Binance.US, blaming Binance CEO “CZ” and referring to it as the “scam of the decade.” He

2023-07-10Ethereum

DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455k

Ethereum　　Ang DeFi protocol na Arcadia Finance ay na-hack sa Ethereum at Optimism sa halagang $455k　　Balita ng Ethereum ng Bitcoin　　A hacker drained approximately $455,000 from non-custodial decentralized finance (DeFi) protocol Arcadia Finance by exploiting a code vulnerability.　　Blockchain investigator PeckShield inalertuhan about the hack on Arcadia Finance, pointing out the cause as “the lack of untrusted input validation.” The code supposedly lacked a validation mechanism to cross-check unverified inputs. This loophole allowed the hacker to drain funds worth roughly $455,000 from Ethereum (darcWETH) and Optimism (darcUSDC) vaults collectively.　　Arcadia Finance has not yet responded to Cointelegraphs request for comment.　　Arcadia Finance confirmed the hack two hours after PeckShields intimation and subsequently paused the contracts to prevent further bleeding of funds.　　Alam namin ang isang potensyal na pagsasamantala sa aming protocol.　　Na-pause namin ang mga kontrata at sinisiyasat namin ang ugat ng mga eksperto sa seguridad habang nagsasalita kami. Susunod ang higit pang impormasyon kapag available ito.　　— Arcadia Finance (@ArcadiaFi) Hulyo 10, 2023　　While the investigations are underway, Arcadias code houses another vulnerability, which could prove catastrophic for the protocol if exploited. Ayon sa to PeckShield:　　“In addition, there is a lack of reentrancy protection, which allows for the instant liquidation to bypass the internal vault health check.”　　The majority

2023-07-10Ethereum

DeFi hack: Arcadia Finance hit by exploit on Optimism, Ethereum

Ethereum　　DeFi hack: Ang Arcadia Finance ay tinamaan ng pagsasamantala sa Optimism, Ethereum　　Balita ng Ethereum ng Bitcoin　　Arcadia Finance, a non-custodial protocol that supports on-chain cross-margin accounts, recently got exploited according to data from PeckShield. Arcadia Finance is a platform that allows its users to collateralize portfolios, access up to 10 times more capital, and interact with other protocols using their deposited collateral and borrowed funds. In this article, well be looking into the attack and how it affected the Optimism network.　　Green ba ang iyong portfolio？ Tingnan ang Optimism Profit Calculator　　Details of the attack　　A community contributor from PeckShield, a reputable cybersecurity firm, recently identified an exploitation incident involving Arcadia Finance on both the Ethereum and Optimism networks, resulting in a loss of approximately $455,000.　　The exploiter acted quickly by transferring a total of approximately 179.3 ETH from the Optimism[OP] network. This amount was obtained through a combination of 148 ETH that was bridged from the Ethereum network and 59,000 USDC that was swapped.　　The destination of these funds was Tornado Cash, which is a decentralized privacy solution for cryptocurrencies. By transferring the funds to Tornado Cash, the exploiter likely aimed to obfuscate the transaction history and make it more difficult to trace the origin

2023-07-10Ethereum

Meme Coin Scam Nets Fraudster Over $315K in ETH

crypto Ethereum　　Meme Coin Scam Nets Fraudster Higit sa $315K sa ETH　　Balita ng Ethereum ng Bitcoin　　Alex Dovbnya　　Cunning fraudster, leveraging popularity and volatility of meme coins, has managed to siphon off over $315,000 worth of Ethereum (ETH) through carefully executed cryptocurrency scam　　An unidentified scammer has netted over $315,000 worth of Ethereum (ETH), using a strategy of creating and then abandoning meme coins.　　Blockchain analysis platform Lookonchain revealed the fraudsters tactics in a series of tweets, providing Etherscan links to the four meme coins — TOMMY, KSI, ZUCK, and BILL — involved in the scam.　　The fraudsters modus operandi entailed the creation of a meme coin with a small amount of ETH, providing liquidity to gain investor trust. Once sufficient investment was attracted, the scammer would remove the liquidity, effectively taking the investment for themselves.　　For example, the scammer started with 1.5 ETH ($3,200 at the time of withdrawal) from crypto exchange KuCoin to create the TOMMY meme coin, later walking away with 28.7 ETH — an impressive 1,813% return.　　The same strategy was replicated with the KSI, ZUCK and BILL meme coins, where the scammer managed to net an additional 140 ETH. The fraudster has since created two new meme coins, WALTER2.0 and GIGA2.0, and has

2023-07-10Ethereum

Ethereum (ETH) Price Correction Begins

Ethereum　　Nagsisimula ang Pagwawasto ng Presyo ng Ethereum (ETH).　　Balita ng Ethereum ng Bitcoin　　The Ethereum (ETH) price has fallen since July 3. The price is likely completing a short-term correction in response to the previous increase that began on June 15.　　The ETH price created a bearish candlestick the same day it reached a high, confirming that a local top is in place. This initiated the current correction, which could potentially continue for two more weeks.　　Ethereum Price Falls After Rejection From Fib Resistance　　ETH, the native token of the Ethereum blockchain, was created by Vitalik Buterin. The daily time frame outlook for Ethereum is mixed, owing to both the price action and indicator readings.　　The ETH price broke out from a descending resistance line on June 21, reaching a high of $1,976 on July 3. However, it was rejected by the $1,940 area afterward. This is both a horizontal resistance area and the 0.618 Fib retracement resistance level.　　The principle behind Fibonacci retracement levels suggests that after a considerable price movement in one direction, the price will retrace partially to a previous price level before continuing in its original direction. So, the reaction to the 0.618 Fib is crucial to determine the direction of the future

2023-07-10Ethereum

Dive into Fiery Depths of Ethereums Fire Sale

Ethereum　　Sumisid sa Maapoy na Kalaliman ng Fire Sale ng Ethereum　　Balita ng Ethereum ng Bitcoin　　Arman Shirinyan　　Ethereum reaching levels that should be considered perfect accumulation zones, according to some indicators　　Cryptocurrency markets often undergo significant price fluctuations, leading to unique buying opportunities known as “fire sales.” The term refers to situations when an asset is perceived to be oversold, prompting interested investors to buy in at relatively low prices. For Ethereum (ETH), one of the leading indicators that tracks these opportunities is the rainbow chart, and it is currently signaling a “fire sale.”　　To understand what this means, lets first examine the rainbow chart concept, typically used in Bitcoin (BTC) analysis. The Bitcoin rainbow chart is a logarithmic price chart that applies color-coded bands to represent the predicted price growth of BTC over time. Each color corresponds to different levels of price action, from the red “maximum bubble territory” to the dark blue “basically a fire sale.”　　These charts are based on the assumption that Bitcoins price will follow a predictable exponential growth pattern over the long term, with periodic boom-and-bust cycles.　　Pinagmulan: TradingView　　Translating this to Ethereum, the rainbow chart concept suggests that Ethereum is currently in “fire sale” territory, indicating that ETH could be significantly

2023-07-10Ethereum

Arcadia Finance Loses $455K In Ethereum And Optimism Hack

Ethereum　　Ang Arcadia Finance ay Nawalan ng $455K Sa Ethereum At Optimism Hack　　Balita ng Ethereum ng Bitcoin　　Pangunahing puntos:　　Arcadia Finances DeFi protocol resulted in a loss of approximately $455,000. 　　The blockchain investigator PeckShield who alerted about the hack, pointed out that the root cause of the hack was “the lack of untrusted input validation”. The hacker exploited this loophole to drain funds worth roughly $455,000 from Ethereum (darcWETH) and Optimism (darcUSDC) vaults.　　Alam namin ang isang potensyal na pagsasamantala sa aming protocol.　　Na-pause namin ang mga kontrata at sinisiyasat namin ang ugat ng mga eksperto sa seguridad habang nagsasalita kami. Susunod ang higit pang impormasyon kapag available ito.　　— Arcadia Finance (@ArcadiaFi) Hulyo 10, 2023　　Although Arcadia Finance confirmed the hack two hours after PeckShield‘s intimation and paused the contracts to prevent further loss of funds, investigations are still underway. Unfortunately, there is another vulnerability in Arcadia’s code, which if exploited, could prove catastrophic for the protocol.　　According to PeckShield: “In addition, there is a lack of reentrancy protection, which allows for the instant liquidation to bypass the internal vault health check.”　　Bilang karagdagan, mayroong kakulangan ng proteksyon sa muling pagpasok, na nagbibigay-daan para sa agarang pagpuksa na ma-bypass ang panloob na pagsusuri sa kalusugan ng vault. 　　Most

2023-07-10Ethereum

Macro Guru Raoul Pal Outlines Dream Scenario for Solana, Unveils Massive Price Target for Ethereum Rival

Ethereum　　Binabalangkas ng Macro Guru Raoul Pal ang Dream Scenario para sa Solana, Inihayag ang Napakalaking Target ng Presyo para sa Karibal ng Ethereum　　Balita ng Ethereum ng Bitcoin　　Real Vision CEO Raoul Pal is outlining the best-case scenario for Ethereum (ETH) rival Solana (SOL), saying that the smart contract platform could see a massive price increase.　　In a new interview with the host of InvestAnswers, the macro guru says that Solana could follow in the footsteps of the leading altcoin when it skyrocketed after hitting a low in 2018.　　At the time, Ethereum saw about a 47x increase. However, Pal says that he anticipates Solana seeing at least a 20x increase from current prices.　　Solana is trading for $21.84 at time of writing, a 1.48% increase during the last 24 hours. If Pals prediction comes to light, SOL could be worth about $436.　　Pal goes on to say that he believes Bitcoin (BTC) could double or triple up from its all-time high, adding that such a rise would be modest and the worst bull run in the crypto kings history.　　Ang Bitcoin ay nakikipagkalakalan sa halagang $30,321 sa oras ng pagsulat, isang fractional na pagtaas sa nakalipas na 24 na oras.

2023-07-10Ethereum

BlackRock and Bitcoin: lets look the situation

Bitcoin　　BlackRock at Bitcoin: tingnan natin ang sitwasyon　　58 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　In this article we try to summarize everything that is happening with BlackRock and Bitcoin: since the hedge fund filed with the SEC for a spot ETF of the cryptocurrency, several other institutional players have jumped into the market changing the current market scenarios.　　It is also worth noting how trading volumes for BTC on centralized exchanges for both spot and derivative markets have increased significantly.　　Buong detalye sa ibaba.　　BlackRock and its application to the SEC for a spot bitcoin ETF　　BlackRock, the worlds largest asset management firm with AUM of $8.6 trillion, filed a registration document with the US Securities and Exchange Commission on 8 June 2023 requesting the launch of a spot ETF for Bitcoin.　　This event opened the door to a totally different period from what we might have expected until a few days before, with the SEC ready to magdeklara ng giyera on cryptocurrencies and exchanges in the sector.　　In addition to causing a price rally for BTC and the rest of the cryptocurrencies, BlackRocks stance inspired a number of other hedge funds to file their own applications for an institutional financial product on Bitcoin.　　The likes of Fidelity,

2023-07-10Bitcoin

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