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.
Chainlink
Bitcoin Bridge Launched by TON Foundation
TON Foundation launches TON Teleport BTC, enabling secure and seamless Bitcoin transfers on the TON network. This bridge enhances Bitcoin utility, supporting exchanges, lending, and dApps. Earlier success with $USDT integration suggests strong potential. #Crypto #Update
Degen Chain User Loses 90% Funds in Transaction
A Degen Chain user lost 90% of his assets, worth 785,000 DEGEN, due to slippage from low liquidity during a cross-chain transaction to Base. Full refunds and service improvements announced. #CryptoSafety #DEGEN
Lif3 Chain Launched via evmOS Partnership
Lif3.com partners with evmOS to launch Lif3 Chain, a new L1 blockchain enhancing DeFi security. The platform supports Ethereum, Polygon, BNB Chain, and Fantom via LayerZero bridge, and integrates EVM and IBC protocols for safer smart contract deployment. #Blockchain #Update
BNB Boosts Memecoin Ecosystem with $900K Fund
BNB Chain dedicates $900K to memecoin liquidity pools, adding to a previous $100K investment. This $1M initiative aims to boost memecoin innovation and growth, drawing from the successful Meme Innovation campaign that saw $507M in trading volume. #CryptoNews #Update
BNB Chain Reduces Fees with BEP-336 Update
? On June 20, 2024, @BNBChain will launch the BEP-336 upgrade, inspired by Ethereum’s EIP-4844 hard fork, to cut transaction fees by up to 90%. Key features include BlobTx for better data management, enhancing BNB Greenfield’s storage. #Blockchain #Update
Web3: BNB Chain, Binance Labs Launch Support Program
.@BNBCHAIN and @BinanceLabs launch the BNB Incubation Alliance to support early-stage Web3 projects with resources, grants, and global events. Participants get benefits worth up to $300K. #Web3 #CryptoNews
Chainlink (LINK) Price Jumps 7.5%, This Breakout To Trigger Major Rally
Chainlink (LINK) experiences a notable surge, climbing over 6% in 24 hours, nearing a critical $17.5 resistance. With a market cap surpassing $10.1 billion and trading volume up by 80%, LINK’s bullish trend may signal a major rally ahead, underpinned by strong on-chain metrics.
Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain
Fantom Foundation unveils Sonic Foundation & Labs to back Sonic Chain, integrating $S token with $FTM for groundbreaking interoperability, aiming for a transformative impact on blockchain’s future.
EQIFi to refine on-chain safety with MatterFi
Neobank EQIFi and MatterFi are innovating crypto security by launching “send-to-name” blockchain addresses, addressing the theft of over $200 million in digital assets in early 2024. This initiative heralds a significant advancement in securing crypto transactions against fraud and theft.
5 of 7 on-chain indicators suggest the bull run is just beginning
The latest Bitcoin analysis, employing indicators like MVRV Z Score and Puell Multiple, signals a bullish trend and a potential upcoming bull run, marking a pivotal moment for investors in the cryptocurrency market.
XRPL on-chain transactions jump 108% in Q1 2024
In the first quarter of 2024, the XRP Ledger (XRPL) experienced a monumental 108% increase in on-chain transactions, reaching 251.39 million, a historic high that spotlights its escalating adoption and technological edge in facilitating efficient transactions.
Bitcoin & Ethereum Retreat, Chainlink Bags Top Gainer Crown
Amidst a broader market downturn, Chainlink emerged as a standout, recording a significant surge of 13.25%, trading at $15.78, showcasing its resilience and growth potential in a volatile crypto market.
On-Chain Data Signals Potential End of Bull Cycle This Month
CryptoQuant CEO predicts the current Bitcoin bull cycle may end by April 2025, highlighting the U.S. Spot Bitcoin ETF’s remarkable $726 million inflow in just four days as a sign of strong investor confidence.