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Litecoin $LTC Overtakes Bitcoin As Per On-chain Transaction In The Last 24 Hours 

Litecoin ($LTC) continues to demonstrate robust on-chain metrics, attracting a growing number of users and traders who appreciate its exceptional speed, low fees, and proven reliability.  As one of the world's most secure networks, Litecoin facilitates efficient crypto transactions, earning trust through its decade-long legacy of innovation, security, and stability. Notably, Litecoin's daily addition of new addresses surpasses even Bitcoin, underscoring its widespread adoption and user engagement.  https://twitter.com/DaddyCool1991/status/1749937556853264411?t=jiMSQXrGXZz4rSl7wV3lpw&s=19 Before November 2023, Litecoin had never exceeded 1 million active addresses in a single day. However, in the past 10 weeks, it has achieved this milestone no less than 12 times, showcasing its increasing popularity. According to data from Intotheblock, Litecoin leads the pack in on-chain transactions over the last 24 hours, surpassing other major blockchains. Litecoin ($LTC): 1.1 million transactions Bitcoin ($BTC): 869,000 transactions Ethereum ($ETH): 514,000 transactions Tether ($USDT): 99,000 […]

Will Izuchukwu January 25, 2024

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Weekly Crypto Pulse: Market Sentiments Favor Cartesi And Gala Games, While Bitcoin SV And Metal Face Challenges

As the new trading week unfolds, Santiment's on-chain analytics spotlight tokens riding high on positive sentiments and those grappling with negative sentiments. Positive Sentiment Leaders: - Cartesi (CTSI): Cartesi experiences a surge in positive sentiment after forging a strategic alliance with a major cloud computing provider. The market acknowledges Cartesi's growing acceptance and technological integration, propelling the token to a commendable 17% gain over the past 7 days. - Gala Games (GALA): Excitement ensues among traders and community members with the mention of the HTX Carnival Gala and an upcoming airdrop. Despite a 58% increase in trading volume over the last 24 hours, the token faces a minor 3% decline in value today. - PAAL_ai (PAAL): A wave of enthusiasm surrounds PAAL due to enticing reward events, new exchange listings, and notable partnerships. The token's connection with CELESTE solidifies its […]

Will Izuchukwu January 24, 2024

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Concentric.fi On Arbitrum Falls Victim To $1.7M Social Engineering Attack

Concentric Fi, operating on the Arbitrum network, has incurred substantial losses exceeding $1.7 million due to a targeted social engineering attack.  The breach exploited a vulnerability in the protocol, stemming from unauthorized access gained through a sophisticated attack on one of the team members overseeing the deployer wallet. The compromise of the deployer wallet resulted from a well-executed social engineering attack, ultimately triggering the exploit within the protocol.  Despite having audited vaults, the vulnerability arose from the protocol's capacity to undergo upgrades. Leveraging this functionality, the attacker successfully upgraded the vaults, generating new LP tokens, and subsequently depleting the contents of the vaults. https://twitter.com/BeosinAlert/status/1749440827913384156?t=YEZ6c0H220ieuAqQUc9lNA&s=19 The attack involved modifying the implementation contract of the CONE-1 proxy contract. The original ConeCamelotVault contract was replaced with a contract controlled by the attacker. Additionally, the admin of adminMint() was added as the attacker, identified […]

Will Izuchukwu January 23, 2024

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Today’s Hot Altcoins: Cartesi, Dogecoin, And Ondo Finance

As the new week kicks off, three altcoins are generating significant buzz in the crypto community. Analyst Ali identifies the top performers: https://twitter.com/ali_charts/status/1749320282471383255?t=tDYk2Y4pzxn330LcZiu8UA&s=19 Cartesi ($CTSI): Cartesi is commanding attention with an impressive 70% surge in its price, sparking discussions across various social media platforms. Social Dominance for $CTSI witnessed a notable spike, coupled with the highest level of positively weighted sentiment since its all-time high.  However, traders appear to be taking a cautious approach, as the token experiences a 15% correction following its recent surge. Dogecoin ($DOGE): Over the weekend, Dogecoin experienced a 10% price jump, attributed to Twitter's introduction of a dedicated 'X Payments' account, putting the spotlight on DOGE.  https://twitter.com/intotheblock/status/1749446631135563949?t=0Fp9qbxKnA6fGmGpoR1Pdg&s=19 Despite being a memecoin, Dogecoin's dominance in transaction volume remains undeniable, challenging the notion that the memecoin wars are solely about utility. Ondo Finance ($ONDO): Ondo Finance is […]

Will Izuchukwu January 22, 2024

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MakerDAO’s $MKR Shines In Real World Asset (RWA) Holder Profitability And Transaction Volume

Among Real World Asset (RWA) tokens, MakerDAO's $MKR stands out with an impressive 75% of addresses showing profitability, according to data from Intotheblock. The transaction volume of $MKR leads among RWA protocol tokens, hitting a daily average volume of $94.5 million during the second week of January. https://twitter.com/intotheblock/status/1748040797415428270?t=VbRTBzLTxNfcVlfn4__uhg&s=19 RWA tokens leverage DeFi's inherent interoperability to capture yield and assets from the real economy. The year 2023 marked significant progress, with initiatives successfully integrating returns from US Treasury bonds into DeFi through stablecoin production. This innovation has propelled the total value locked in RWA protocols beyond $2.6 billion, closely approaching the combined market capitalization of leading RWA protocols at $2.87 billion. Currently, the RWA ecosystem boasts over 127,000 token holders. https://twitter.com/ChainAfrik/status/1748231676331807140?t=nvx8hiRWui9cGegwFz2zcA&s=19 RWAs Displayed Resistance Despite The Bear Market Challenges Despite challenges in the bear market, RWAs demonstrated resilience, evidenced by a […]

Will Izuchukwu January 19, 2024

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Elon Musk Reaffirms Support For Dogecoin Amid Market Shifts

On January 11, 2024, Elon Musk, CEO of SpaceX and Tesla, reiterated his steadfast backing of Dogecoin, a community-driven memecoin. In a Twitter Space event, Musk disclosed that he has not liquidated any of his DOGE holdings. The influence of Musk has historically played a significant role in shaping the price dynamics of Dogecoin. Despite Musk's recent declaration, the price of DOGE has shown minimal response, currently trading at $0.080, reflecting a marginal 0.3% decrease from the previous day. Dogecoin experienced notable milestones in December, reaching 5 million addresses with a balance and witnessing a substantial increase in transactions. While this heightened activity initially contributed to a surge in price, a more recent correction has resulted in just over half of Dogecoin holders currently holding positions at a profit, reminiscent of levels seen in early November '23. https://twitter.com/intotheblock/status/1747692014462726489?t=3nEhFG44ze7WNWUKdOAROQ&s=19 In a […]

Will Izuchukwu January 18, 2024

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Blast Achieves Remarkable TVL Milestone As BIG BANG Competition Takes Center Stage

Blast, the brainchild of Blur's founder, has proudly announced the official launch of its testnet, marking a significant step forward in its development journey.  To spur enthusiasm and innovation among developers, Blast has kicked off the exciting Blast BIG BANG competition. In this competition, developers stand to receive 50% of the Blast airdrop, while the remaining 50% is allocated to Blast staking users. https://twitter.com/WuBlockchain/status/1747434571757735941?t=ZXwZ7NsJpcdTEoN2S-Jb1Q&s=19 The competition presents a unique opportunity for DApps (decentralized applications) to vie for prominence by reaching 100,000 users, captivating top-tier investors, and securing a share of the coveted Blast Airdrop.  Winning DApps will enjoy promotion to Blast users when the mainnet is launched in late February, providing developers with an early chance to benefit from the Blast Airdrop. Blast goes beyond incentivizing developers by facilitating connections between winning teams and a distinguished panel of judges and […]

Will Izuchukwu January 17, 2024

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$INSP Surges Over 21% In Late Monday Rally After Announcing Integration With Arbitrum

In a late Monday rally, $INSP has emerged as a prominent gainer, witnessing a remarkable surge of over 21%, coupled with an 81% increase in trading volume. The surge comes on the heels of the team's announcement regarding their integration with Arbitrum. Arbitrum, known for developing one of the most advanced scaling solutions in the market, is playing a transformative role in reshaping blockchain technology, making Web3 more accessible to a broader audience. https://twitter.com/inspectxyz/status/1746910475810459943?t=-l1c4n8E2rLAOP7-jqA8pA&s=19 More On Arbitrum Integration And Purpose  Inspect has outlined plans to dedicate a special section on its platform exclusively for Arbitrum, aiming to provide comprehensive insights into the entire ecosystem. The activation revolves around fostering collective innovation in alignment with the vision of a Web3 future that prioritizes enhanced connectivity.  This integration marks a strategic move for the Inspect ecosystem, propelling it towards greater efficiency and […]

Will Izuchukwu January 15, 2024

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Bitcoin Market Dynamics: Insights Into Recent Trends And Future Outlook

Recent data from Robinhood's Chief Brokerage Officer reveals interesting insights into the dynamics of the Bitcoin (BTC) market. Approximately 20% of BTC spot ETF transactions occurred within retirement accounts, indicating a notable presence of long-term investors in this segment.  Moreover, a significant portion of Grayscale's Bitcoin Trust (GBTC) sellers opted to reinvest their funds into other BTC spot ETFs, showcasing a strategic shift among market participants. https://twitter.com/WuBlockchain/status/1745993603162210325?t=Bt_uGwFURSRd3AULqaVfKw&s=19 Anthony Scaramucci, founder of SkyBridge Capital, attributes part of the current Bitcoin decline to selling pressure from GBTC and the FTX position. However, he expresses optimism, anticipating that this selling pressure will likely subside over the next six to eight trading days. https://twitter.com/WuBlockchain/status/1746014373427265809?t=Bt_uGwFURSRd3AULqaVfKw&s=19 4,000 Bitcoin Transfer To Monitor And Potential Bitcoin Price Drop To $34,000 Lookonchain data aligns with Scaramucci's perspective, indicating that four wallets associated with Grayscale Bitcoin Trust recently transferred 4,000 […]

Will Izuchukwu January 13, 2024

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Investors Face Challenges As Algorand Struggles Amidst Price Decline And Development Activity Drop

Recent statistics from IntoTheBlock reveal a challenging scenario for Algorand ($ALGO) investors, with a notable 88% experiencing losses. The cryptocurrency has encountered a 14% price decline within the past 7 days, coupled with a significant 50% drop in development activity over a span of 2 weeks, contributing to an overall sense of difficulty. https://twitter.com/felixreads/status/1745719026402070580?t=uhk1YLDlAMiC0eqp3BQL8w&s=19 Various metrics, including network stress signals related to profitability, growth, and token metrics, reflect the challenges Algorand is currently navigating. Despite these hurdles, the platform continues to witness an increase in usage and transaction volume. Monitoring the longer-term prospects will be crucial to assessing whether the cryptocurrency can overcome short-term obstacles and sustain positive momentum. Amidst the recent challenges, Algorand remains ambitious, emphasizing its fundamental strengths over temporary setbacks. The reliability of the platform and its underlying technologies may ultimately outshine the fluctuations observed in certain […]

Will Izuchukwu January 12, 2024

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