The Li.Fi protocol experienced a security breach when hackers exploited a specific contract address, resulting in the loss of over $8 million in cryptocurrencies. The attack has since been mitigated. Li.Fi, an API for Ethereum Virtual Machine and Solana swaps and bridging, was attacked on July 16, and over $10 million in cryptocurrencies was drained.…
Read more
A Pudgy Penguins character integrates into Pixelverse, joining characters like Doge from Dogecoin and Mew from the Solana memecoin MEW. The face of the popular non-fungible token (NFT) collection Pudgy Penguins, will be integrated as a character on Pixelverse’s mini-game on Telegram. On July 16, Pixelverse announced that it would introduce the Pudgy Penguin character…
Read more
The $310 million in inflows were led by the BlackRock and Fidelity Bitcoin ETFs, while Grayscale recorded a rare inflow day at $23 million. United States-based spot Bitcoin exchange-traded funds recorded over $310 million in inflows on July 12 — marking its best-performing day since June 5. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity…
Read more
Strawberry extends on OpenAI’s Q* project announced last November, which some described as a technical breakthrough allowing for the development of “far more powerful” AI models. ChatGPT maker OpenAI is reportedly building a new AI model called “Strawberry” aimed at making its AI tools reach human-level intelligence through advanced reasoning. Strawberry would effectively scan the…
Read more
Institutions are buying as Bitcoin dips under $60,000, strengthening the long-term bullish outlook for BTC’s price. Independent market analyst Arsen remains unfazed by the recent dip in Bitcoin’s price, predicting a monumental rebound to $330,000 in the current bull cycle. Smart money is accumulating Bitcoin Arsen argues that smart money — institutional investors, market experts and other…
Read more
Consensys introduces a game-changing toolkit at EthCC, streamlining decentralized app development and enhancing Web3 user engagement. Consensys unveiled the MetaMask Delegation Toolkit at EthCC, marking a significant milestone in the company’s efforts to promote Web3 and blockchain adoption. According to a press release shared with Cointelegraph, the toolkit enables developers to create decentralized applications (DApps)…
Read more
Ethereum price underperforms BTC on a number of metrics as investors await spot ETH ETF to start trading. Ether $3,090 started the year strongly but began tapering off in mid-March. Although the ETH picked momentum in mid-May amid anticipation of the approval of spot Ethereum ETFs in the United States, it has underperformed Bitcoin BTC …
Read more
Telegram founder Pavel Durov says Hamster Kombat’s viral success could onboard over 200 million people to blockchain technology. The viral growth of Hamster Kombat and its upcoming token launch on the TON blockchain could onboard hundreds of millions of people to Web3, according to Telegram founder Pavel Durov. In a public post to his Telegram channel’s 2.7…
Read more
The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip. United States-based Spot Bitcoin exchange-traded funds (ETFs) experienced a surge in inflows on July 6, following Bitcoin’s price dropping below $54,000 just days earlier on July 4. According to Farside Investors, the spot Bitcoin ETFs saw their largest net inflows in a month,…
Read more
Governor Roy Cooper was slammed for not putting “partisan politics aside” to support a law that would benefit all North Carolina residents. North Carolina Governor Roy Cooper has vetoed a bill banning the state from implementing a US Federal Reserve-issued central bank digital currency (CBDC) despite receiving near-unanimous support in the state’s House of Representatives…
Read more
