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Friend.tech Data Leaks While Bitcoin Gets A Bearish $20K Forecast
Shibarium's Potential $0.01 Boost for SHIB, Ethereum Whale's Market Crash Evasion with $5M Save, and North Korean Hackers' $2B Crypto Heist
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Leaked Database of Friend.tech Users
A leaked database containing the details of over 101,000 users on the friend.tech platform has been published by Banteg, a core contributor to Yearn Finance. The leaked information includes Ethereum addresses and Twitter usernames. The information was discovered after Spot On chain analysts found that friend.tech's API had leaked information. Friend.tech is a web3 social application that allows users to trade "shares" in Twitter accounts. The platform has gained traction and generated over $1.42 million in protocol fees in the last 24 hours.
Bitcoin on the way to 'bearadise?' $20K is back as a BTC price target
Bitcoin (BTC) is currently hovering above $26,000, but market observers remain cautious. Keith Alan, co-founder of monitoring resource Material Indicators, predicts that Bitcoin will eventually break down to retest support at the 2017 Bull Market Top, which was just under $20,000. If this support fails, $20,000 will be back on the radar. Other analysts also suggest potential support levels at $24,000 and $23,000. However, analytics platform Whalemap points out that significant pockets of on-chain volume still exist at $23,200 and $21,000. Overall, the market remains uncertain, and investors should conduct their own research before making any decisions.
Bitcoin Ordinals NFT trading volume tanks 98% since May
The article discusses the significant decline in trading volume and user activity for Bitcoin Ordinals nonfungible tokens (NFTs) since May. According to DappRadar, the trading volume has dropped by 98% from $452 million to $3 million, and the number of transactions has decreased by 97% to 20,571. This decline raises concerns about the sustainability of Bitcoin-based NFTs and whether it represents a temporary setback or a systemic problem. The report also highlights the divided outlook within the Bitcoin community regarding the presence of NFTs on the network. Ethereum and other blockchains do not face the same issue. The article concludes by mentioning that the Bitcoin network is currently ranked seventh in terms of NFT sales volume over the past 30 days.
Ether Futures ETFs could all get approval at same time: Report
The United States Securities and Exchange Commission (SEC) is expected to approve multiple applications for Ether futures exchange-traded funds (ETFs) simultaneously, according to sources familiar with the matter. The SEC has not asked firms to withdraw their applications, indicating that the launch of these funds may happen in the coming weeks. Currently, there are 16 applications for Ether or Bitcoin-Ether futures ETFs awaiting regulatory approval. The approval of crypto futures ETFs could have a significant impact, as the first Bitcoin futures ETF approved by ProShares has already gathered $1 billion in assets under management since its launch in October 2021. Additionally, the SEC is yet to decide on approving a spot Bitcoin ETF, with major players like Fidelity and BlackRock waiting for a verdict.
As Shiba Inu Escapes Ethereum Congestion, Expert Says Next Bull Run Would Send SHIB to $0.01
Despite facing challenges with high transaction costs on the Ethereum network, SHIB has become one of the largest crypto assets in 2021. Shibarium aims to address congestion and transaction speed issues on Ethereum, which could accelerate the adoption rate of SHIB. Del Crxpto, a crypto technical analysis expert, believes that Shibarium's arrival could propel SHIB to $0.01 in the next bull run. The surge in user activity on Shibarium further supports the expectation of high adoption. While reaching $0.01 would require a significant price increase, the launch of Shibarium and increasing adoption could set the stage for such a milestone in the future.
Ethereum Whale Saves $5 Million Minute Before Market Crash
An Ethereum whale made a smart decision to sell their Ether holdings just before the market crash, saving $5 million in the process. The trader withdrew 22,341 Ether from the Binance exchange and converted it to $41 million worth of Tether stablecoins. The market crash resulted in losses of over 10% for Ethereum and over 8% for Bitcoin. In a related story, Ethereum co-founder Vitalik Buterin sent $1 million worth of ETH to Coinbase. This move comes as the cryptocurrency market experienced a downturn, with ether suffering a 10% decline in the past week.
Iconic Dogecoin Meme Pooch Succumbs To Leukemia At Age 12
The sudden death of "Cheems," the beloved Shiba Inu dog who became a viral meme, has left the internet world in mourning. Cheems, also known as Pup Balltze, gained popularity through social media posts and Dogecoin memes. Unfortunately, he passed away at the age of 12 during leukemia surgery. Cheems' owner expressed gratitude for the joy he brought and promised to donate the funds raised for his medical bills to local animal charities. Despite his passing, Cheems' memory lives on in the hearts of his fans.
Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan
Crypto miners, including Bitcoin miners, are expanding into new business areas to reduce their reliance on cryptocurrencies, according to a report by JPMorgan. These miners are offering high-performance computing (HPC) services to the growing artificial intelligence (AI) market. The report also mentions that some miners have rebranded to reflect their diversification efforts. Additionally, former Ethereum miners have been selling graphics processing units (GPUs) used for mining Ether, either to salvage their investment or repurpose them for other services. The report suggests that the increased demand for HPC in the AI industry presents a potentially more profitable avenue for utilizing these GPUs. Furthermore, Bitcoin miners are also diversifying geographically, with Russia emerging as a significant player in terms of mining power consumption.
North Korean Hackers Have Looted $2,000,000,000 Worth of Crypto in the Past Five Years: Blockchain Data Firm
North Korean hackers have stolen over $2 billion worth of cryptocurrency in the past five years, according to blockchain analytics firm TRM Labs. The majority of their attacks have targeted decentralized finance (DeFi) projects, with a focus on cross-chain bridges. This year alone, they have stolen $200 million worth of crypto, accounting for 20% of the total amount looted in 2023. TRM also notes that North Korean hackers have improved their money laundering techniques, using chain-hopping to cover their tracks.
As always, stay tuned for more updates in crypto!