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UPCX Suspends Deposits and Withdrawals Following $70M Breach: User Funds Remain Secure

A concerning development has occurred in the decentralized finance (DeFi) ecosystem: UPCX, a leading decentralized payment network, has halted deposits and withdrawals after discovering unauthorized action involving around $70 million worth of UPC tokens. The company urges that, despite the breach, all user assets are safe and sound and that it is working diligently to resolve the matter. Cyvers, a well-respected blockchain security firm, has confirmed the breach. It has traced it back to an attack where the attacker took advantage of a vulnerability in the ProxyAdmin contract. This vulnerability, now patched, allowed the attacker to execute unauthorized token transfers: in this case, UPC tokens. What has UPCX been doing? (1) The platform has taken immediate measures to enhance security and prevent further unauthorized activity. (2) It is conducting a thorough investigation to understand exactly how the breach occurred and […]

Will Izuchukwu April 3, 2025

News

Smart Money Moves: Memecoins Under Pressure as Sell-offs Intensify

In recent days, the memecoin market has noticed a shift in investor sentiment. Some tokens are selling off a lot. Long considered highly speculative assets, memecoins are increasingly being seen as definitely low-quality, and the prices of some are tumbling in a not-so-distant echo of the 2012-14 crash that took Dogecoin and a handful of other coins down with it. This week, we take a close look at the smart money's activity and the appearance of the increasing levels of selling pressure among some of the situation's tokens. Key Insights into the Current Sell-off Trend 1. $ARC Faces the Highest Negative Net Flow Among the various tokens being traded in the memecoin market, \$ARC stands out due to its significant negative net flow. It has the highest outflows of any token in the market, and that points to serious selling […]

Will Izuchukwu April 2, 2025

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News

Robert Leshner’s $COMP Token Sale Sparks Controversy Amid Sudden Surge in Price

In a surprising set of circumstances, Robert Leshner, the founder of Compound, finds himself connected to the divestiture of a large quantity of $COMP tokens—a move that seems contradictory to his previous statements. Three weeks ago, Leshner transferred the tokens, valued at around $3.19 million, to Galaxy Digital, a crypto-focused investment firm. Almost immediately, questions began to pop up—hardly surprising, given the number of times tokens and their sales have featured in recent court cases—to which Leshner has yet to respond. A Timeline of Events The sequence of events that led to the sale of the $COMP tokens starts on March 12, when it is said that Robert Leshner transferred 50,000 $COMP tokens, worth $2.03 million at the time, to Galaxy Digital. Leshner appears to have entrusted Galaxy Digital with the sale of these tokens, a decision that has come […]

Will Izuchukwu April 2, 2025

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Market Analysis

SOLANA PRICE ANALYSIS & PREDICTION (April 2) – Sol Stagnates Above $120 After a Week Drop, Where next?

Sol's volatility currently appears low on the daily chart due to a lack of interest. While the crypto's outlook remains bearish on a short-term scale, it may resume drops if the supply level increases. Last month was a bit calm for Sol as it bounced off $112, leading to a notable recovery after months of consistent decline. This brought small gains as selling was temporarily suspended. It later ended the month on a sad note as the price rolled over after failing to push above the $145 level. However, things have become stagnant for days due to lack of interest and is now trading flat. While this reveals a volatility contraction on the daily chart, we can expect a sudden price movement once it finishes gathering liquidity on the lower timeframe. An expansion to the downside is much more expected […]

Michael Fasogbon April 2, 2025

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (April 2) – BTC Resumes Drops But Found Temporal Ground as it Hold Above 81k

The first quarter of this year has been rough for Bitcoin following an over 20% correction. While there's still hope for a recovery, we can expect a positive turnaround if the bulls show strong commitment.  Last month came with a lot of relief following a bounce off the $76.6k level, but things later turned ugly as Bitcoin short-lived the momentum under the $89k level due to a bearish interception. It lost steam afterward and closed that month on a weak note. However, the $81k level has temporarily provided support, and it’s now trading calmly on the first day of the new month. While negotiating the next major move, the bears may mount pressure to attack the $80k level. This level corresponds with the rising support trendline, which has been forming since August 2024. A breakdown there could bring us back […]

Michael Fasogbon April 1, 2025

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News

Aggressive GPS Token Buyback Continues: 89 Million Tokens Repurchased in Just Five Days

A bold move that has captured the attention of the cryptocurrency community sees the repurchase of GPS tokens accelerate as the project’s address increasingly accumulates more tokens. In the past hour alone, two significant transactions took place, further demonstrating the project’s commitment to reducing the circulating supply of its native token, potentially boosting its value. Recent Buyback Transactions Reflect Growing Confidence Merely sixty minutes ago, the repurchase address made an impressive withdrawal of 30 million GPS tokens from Binance, accruing to about $802,000. But this was not the endpoint of the buying spree. Just 47 minutes after that initial withdrawal, another substantial sum was indeed withdrawn: 24.11 million GPS tokens (roughly $637,000) were once again pulled from Binance. Note well the timing and frequency of these buybacks: it all indicates a strategic play to take large sums of the GPS […]

Will Izuchukwu March 31, 2025

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News

TONcoin Hits Record Transaction Volume Despite Market Volatility: Whales Remain Confident

The latest rise in transaction volume on the Toncoin (TON) network has created quite a stir in the cryptocurrency world, where it reached new heights and had people talking. Last week, the overall transaction volume hit a staggering 9.03 billion $TON, which was worth approximately $34.28 billion and going up. This was happening even as the price of TON was going up and down, and it's pretty clear that the "whales" who hold large amounts of $TON and $TUSD are very much involved with the TON ecosystem and making it work. https://twitter.com/intotheblock/status/1906653775491654141?t=ZnOXILashCFshS4bk5ivWg&s=19 This excellent book underscores both the rapid adoption of the Toncoin network and the continued confidence of major investors in Toncoin. While the market has been marked by wild price swings, major investors—"whales" in the crypto lingo—seem completely undeterred and are, in fact, making moves that would be […]

Will Izuchukwu March 31, 2025

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News

dYdX Launches Buyback Program to Strengthen $DYDX Token and Align Community Incentives

A major development in the DeFi ecosystem is that dYdX has officially launched the dYdX Buyback Program. This strategic initiative will see 25% of the protocol's net fees used for monthly buybacks of the $DYDX tokens. What this means is that the protocol is using a portion of its profits to acquire the tokens on the open market. This is meant to "support the token's value" and reminds us all that if the dYdX protocol is raking in profits, it is good for holders of the $DYDX token. This share repurchase effort is the latest development in the governance and tokenomics of dYdX. It is an added toggle in the project widely recognized as taking the lead in the buyback strategy. And it is also a move being watched closely by those in the DeFi space eager to see how […]

Will Izuchukwu March 31, 2025

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News

Bitcoin’s Cost Basis Distribution Reveals Key Levels of Support and Resistance Amidst Market Shifts

Even as Bitcoin moves through the volatile cryptocurrency landscape, investor behavior and trading activity yield important near-term structural market insights. One of the best indicators in this regard is the cost basis distribution of Bitcoin—essentially, where different groups of investors hold their positions in relation to price. By analyzing these cost basis clusters, we get a much clearer picture of the supports and resistance Bitcoin is working off of. And then, of course, there's the picture of what could happen next. Support and Resistance Levels Driven by Investor Cost Basis Recent analytics in Bitcoin's cost basis distribution have revealed some fascinating (and perhaps unforeseen) formations that are now being associated with key price points. For instance, on March 10, some of the most efficient traders that one can find in this market somehow managed to access nearly 15,000 BTC at […]

Will Izuchukwu March 31, 2025

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News

Bitcoin Dominance Reaches 58.8%, Dashing Hopes for Altcoin Season

Bitcoin's dominance is at a robust 58.8%, the loftiest level reached since 2021, affirming once more that the original cryptocurrency is right at the head of the digital asset market. A surge in Bitcoin dominance generally casts shadows over the hoped-for altcoin seasons that many investors seem to wish for. Favorable conditions would seem to be ripe for an altcoin season: Bitcoin's year-to-date gains have been substantial, yet those have been outpaced by a few other digital assets. Nonetheless, even in the face of those altcoin assays, Bitcoin has remained comfortably at the helm, dominating the cryptocurrency market. The Forces Keeping Bitcoin in Control In recent months, signals have appeared that an altcoin rally could be just around the corner. These signals include: Anticipation of institutional adoption. Numerous new tokens being launched. Shift after shift in focus from market participants. […]

Will Izuchukwu March 31, 2025

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