Unannounced hard fork on Ethereum blockchain causes troubles for cryptocurrency industry
Sudden technical issues of Ethereum infrastructure provider Infura spooked the cryptocurrency community on Wednesday. Numerous trading platforms and wallet service providers, including Binance and MetaMask, were forced to suspend ETH deposits and withdrawals, citing price updates. Read more...
Hackers steal nearly $100 million from the DeFi sector since the start of the year
Hacker's activity in the DeFi space has been gaining traction since the start of the year. According to the recent CipherTrace report, the losses due to hacks, theft and fraud amounted to $99 million. Read more...
KuCoin on track to reopen all operations after recovering 84% of the $280 million hack
The Asia-based cryptocurrency exchange KuCoin managed to recover 84% of the funds lost in the massive hack incident on September 25. The co-founder and the CEO of the exchange, Jonny Lyu, confirmed on his Twitter account that on-chain tracking, contract upgrade, and judicial recovery allowed to recover of about $235 million out of $280 million stolen by the hackers. Read more...
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SHIB whale demand plunges as Solana memes dominate
Shiba Inu price opened trading at $0.000026 on Wednesday, its lowest opening price in 20 days dating back to November 29. On-chain data shows SHIB token struggling to attract whale demand as Solana memes dominate social channels.
Bitcoin edges down ahead Fed decision
Bitcoin price edges slightly down, trading around $104,100 ahead of the US Fed decision on interest rates on Wednesday. Ki Young Ju, founder of CryptoQuant, highlights that BlackRock’s Bitcoin spot ETF nearly doubled the Asset Under Management of its Gold ETF in under a year.
Altcoins Cardano and Avalanche poised for double-digit correction
Cardano and Avalanche prices continue to trade down on Wednesday after correcting more than 7% and 8%, respectively, so far this week. The technical outlook and on-chain metrics for both altcoins suggest the continuation of the pullback.
Ripple's XRP struggles near $2.58 resistance as investors realize $1.5 billion in profits
Ripple is up 3% on Wednesday after witnessing significant profit-taking among its investors following the launch of the RLUSD stablecoin. Whales have soaked up the selling pressure from profit-takers as XRP struggles near the $2.58 resistance level.
Bitcoin: BTC reclaims $100K mark
Bitcoin briefly dipped below $94,000 earlier this week but recovered strongly, stabilizing around the $100,000 mark by Friday. Despite these mixed sentiments this week, institutional demand remained strong, adding $1.72 billion until Thursday.
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