Ethereum Heist: Attacker Holds 60K ETH
? Indian crypto platform @WazirX was exploited for $235M on July 18, allegedly by North Korea-backed Lazarus Group. The attacker converted assets into 60K ETH ($201.67M). #Crypto #SecurityAlert
FATTY Crypto: Revolutionary Features and Benefits
FATTY, a crypto project on Arbitrum, raised $2M in days. Launched by @CleevioX and backed by VCs, FATTY offers a play-to-earn game, trading bot, and meme platform. Tokens are $0.019, aiming for $0.030. #Update #CryptoNews
Ethereum Fees Cut: Grayscale’s 0.15% Market Leader
Grayscale (@Grayscale) cuts Ethereum Mini Trust fees from 0.25% to 0.15% and waives them for six months up to $2B AUM. This move strengthens its competitive edge in crypto ETFs. #CryptoNews #Ethereum
Bitcoin Spot ETF Attracts $84M Daily Investment
U.S. spot Bitcoin ETFs saw a $84.7M inflow on July 18, marking the 10th day of positive movement. Grayscale Bitcoin Trust ($GBTC) had a $22.5M outflow. Hong Kong’s spot Bitcoin ETFs reported a modest net inflow of 1.6 BTC. #Update #Bitcoin #Crypto
XRP Whales Accumulate 47M Tokens: Reversal Ahead?
XRP sees major whale activity amid price swings. Whales accumulated 47M tokens ($25.86M) from Upbit and Binance, hinting at a market reversal. Meanwhile, other whales sold 75M tokens. XRP trades at $0.5494, down 4.90%. SEC meeting cancelation fuels Ripple case speculation. #CryptoNews
LI.FI Cross-Chain Hack: $9.7M Lost
LI FI cross-chain aggregator faced a $9.7M security breach, losing stablecoins like $USDC and $USDT. Users advised to revoke approvals. #DeFi security remains a critical concern.
Polygon Labs Unscathed During CrowdStrike Outage
Polygon Labs’ CISO Mudit Gupta confirms the company’s use of CrowdStrike but states their systems were unaffected by the July 19 global IT outage. The incident, impacting millions of Windows users, highlights the resilience of decentralized systems like Polygon networks. #Blockchain #Update
WazirX Hack: $200M Crypto Swapped for ETH
Indian crypto exchange @WazirX hacked on July 18; $200M in assets stolen, including 15,298 $ETH, $102M in $SHIB, and $11.25M in $MATIC. Hacker’s wallet now holds 59,097 $ETH. WazirX halts withdrawals, suspects North Korea’s Lazarus group. #CryptoSecurity
Bybit’s USDT Reserves Surge Amid BTC Bottom
Bybit reports a 17.8% increase in USDT holdings, a 400% surge in USDC deposits, and a decrease in DAI by 33%. Meanwhile, $BTC and $ETH show modest gains of 5.62% and 0.46%. #Update #CryptoNews
Global IT Outage Cripples Businesses Worldwide
A major IT outage on July 18-19, 2024, disrupted operations for @Microsoft 365 and Azure, impacting companies like @McDonalds, @UnitedAirlines, and @washingtonpost. The failure in CrowdStrike software led to flight cancellations and service interruptions. $MSFT fell 3%, $CRWD nearly 14%. #Update
Hoskinson Challenges Musk, Kiyosaki Over Trump Speech
Charles Hoskinson criticized Trump’s RNC speech as lacking unity, contrasting it with Reagan’s speeches. In contrast, Elon Musk and Robert Kiyosaki praised Trump’s focus on economic and military strength. These differing views highlight the national debate on leadership and vision ahead of the 2024 election. #LeadershipDebate
ZA Bank Supports Stablecoin Issuers in Hong Kong
Hong Kong’s ZA Bank now offers reserve banking services to stablecoin issuers under HKMA’s stablecoin sandbox. This includes notable participants like JD.com’s JINGDONG Coinlink and a consortium with Standard Chartered and Animoca Brands. #Update #Stablecoins
Crypto Thrives Despite Microsoft Outage
Major banks and airlines faced disruptions due to a Microsoft IT outage. Meanwhile, crypto markets, including $BTC and $ETH, remained stable. This highlights the robustness of decentralized platforms amid centralized tech issues, boosting confidence in the reliability of blockchain technology. #Update
Bitzlato Founder Receives 18-Month Prison Sentence
Anatoly Legkodymov, co-founder of Bitzlato, sentenced to 18 months by NY District Court for processing $700M in illegal funds. His prison term at MDC Brooklyn influenced the sentence. Bitzlato’s closure disrupted the crypto market. #CryptoCrime #Update