Author: Crypto News

Last updated: May 3, 2024 19:37 EDT | 1 min read An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam on May 3, according to security firm Cyvers. 🚨ALERT🚨Are we mistaken, or has someone truly lost $68M worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1155 $WBTC. 😢 Victim: https://t.co/5NKlOFnepJ Address poisoner: https://t.co/R6fF0QipBH Poison transaction:… pic.twitter.com/UpG34ZcZvY — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) May 3, 2024The victim’s wallet was drained of over 97% of its total assets, and the rest of its contents have…

Last updated: May 3, 2024 19:23 EDT | 1 min read Friend.tech native token $FRIEND fell 50% on May 3 after its debut as the largest whale dumped their holdings. Meanwhile, users couldn’t access their airdropped tokens.As BaseScan data shows, within hours of the airdrop, the largest holder, “Murphys1d,” sold over 55,000 of the newly issued $FRIEND.This led to an immediate 53.3% drop in the token’s price from $3.26 to $1.30 as of writing. Friend.tech Community Unable to Access Airdrop Beyond the sell-off, some users were unable to claim their airdrop, forcing them to watch helplessly as $FRIEND’s price plummeted. Crypto investor…

Last updated: May 3, 2024 18:56 EDT | 2 min read Is Internet Computer Going to Zero? ICP Price Drops 2.3%, Investors Rush Into This New GambleFi Token / Source: Cryptonews Investors are concerned that promising cryptocurrency Internet Computer (ICP) could be headed to zero, with its rally since late 2024 looking at risk of petering out and are instead turning to a promising new GambleFi token called Mega Dice (DICE).ICP was last changing hands at $13.64 and is attempting to push back above its 21DMA.The cryptocurrency has been probing an uptrend that has been in play since late 2023.Should…

Last updated: May 3, 2024 18:50 EDT | 1 min read OpenAI’s ChatGPT’s absence in China has created a unique opportunity for a new wave of artificial intelligence startups in China, each vying to fill the void and establish themselves as leaders in the generative AI space.Backed by major regional investors, these startups are developing advanced AI systems capable of producing various content, from images and text to music, posing a major challenge to OpenAI’s global supremacy.Chinese Startups Challenging the Reign of OpenAIFour key startups have become leaders in China’s AI sector, each achieving unicorn status with valuations exceeding $1…

Last updated: May 3, 2024 18:22 EDT | 1 min read Source: Midjourney While many market segments panic-sold their Bitcoin (BTC) this week, the digital currency’s largest whales seem to have bought the dip with size.Whales Buy The Bitcoin DipAccording to data provided by CryptoQuant CEO Ki Young Ju, active Bitcoin whale addresses accumulated 47,000 BTC within 24 hours following Bitcoin’s slide this week below $57,000 per coin.An active whale address is defined as owning at least 100 BTC, and having engaged in on-chain activity within the past day. Young Ju said the balances discount centralized exchanges and Bitcoin miners,…

Last updated: May 3, 2024 18:15 EDT | 1 min read In a major step towards launching its native token, ZRO, cross-chain interoperability protocol LayerZero successfully completed its first airdrop snapshot on May 1. The snapshot marks a crucial stage in the protocol’s development and has generated considerable excitement within the DeFi community.LayerZero Labs confirmed the completion of the airdrop snapshot via an X post on May 2. The snapshot will determine the allocation of ZRO tokens to eligible participants upon the official launch, expected to occur in the first half of 2024. More information coming soon. pic.twitter.com/NyMpJFVg9S — LayerZero…

Last updated: May 3, 2024 18:02 EDT | 2 min read Traders turn to tools such as DEXScreener as they hunt for top crypto gainers today in the on-chain markets / Source: Cryptonews With blue-chip cryptocurrency markets recovering on Friday as macro traders price back in multiple rate cuts for 2024 following the latest US jobs report, traders looking for top crypto gainers today continue to turn to the highly illiquid and volatile on-chain markets for opportunities.On-chain markets refer to the market for crypto tokens and assets issued directly on an existing blockchain.For example, Shiba Inu (SHIB), crypto’s second-largest meme…

Last updated: May 3, 2024 16:54 EDT | 2 min read Edward Snowden warns that Bitcoin developers must prioritize privacy at the protocol level to protect users as the U.S. government intensifies its scrutiny of crypto mixers. With the U.S. government targeting crypto mixers, Edward Snowden, the famed whistleblower and vocal supporter of cryptocurrencies, took to X on Thursday to urge Bitcoin developers to prioritize privacy. He stressed that time is running out to implement privacy solutions at the protocol level.The Clock Is Ticking On Bitcoin Privacy, Edward Snowden Warns“I’ve been warning Bitcoin developers for ten years that privacy needs…

Last updated: May 3, 2024 15:34 EDT | 3 min read Ordinals, Pendle and Hedera demonstrate bullish momentum and could be the best crypto to buy today. Image by cryptonews.com As crypto markets rebound thanks to a softer-than-expected US labor market report, Bitcoin (BTC) was last up nearly 5% on the day in the upper $61,000s, and traders are weighing up opportunities in the altcoin market as they hunt for the best crypto to buy today.The US economy added 175,000 jobs in April, below the Wall Street consensus for a 240,000 job gain. Meanwhile, the unemployment rate jumped to 3.9%,…

Last updated: May 3, 2024 17:34 EDT | 1 min read Arthur Hayes’ bullish outlook on Bitcoin price hinges on the Federal Reserve’s shift in quantitative tightening policy and its potential impact on dollar liquidity. Arthur Hayes, co-founder and former CEO of BitMEX crypto exchange, shared his optimistic outlook on the future of Bitcoin’s price on May 3. He predicted a stabilization around $60,000, followed by fluctuations within the $60,000 to $70,000 range until August 2024.Arthur Hayes Bitcoin Price Forecast Propelled By Increased Dollar LiquidityArthur Hayes explained in a Medium blog post that the BTC price may have reached its…