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Stacks Protocols See Surge In Unique Wallets and Liquid Stacking Amid Block Generation Issues

The Stacks ecosystem is experiencing a surge in cumulative unique wallets across all protocols, with StackingDao leading the charge at 35,011 unique wallets. This growth highlights the increasing adoption and activity within the Stacks network. https://twitter.com/godfred_xcuz/status/1801374076713250942?t=1id0TMsc2oFxBGyBZYJssw&s=19 In the first half of 2024, Liquid Stacking on Stacks has flourished, with liquid stacked $STX now totaling 58 million $STX, equivalent to $122 million. A significant portion of this growth can be attributed to StackingDao, which alone accounts for 53.3 million $stSTX. This robust performance underscores the appeal of Stacks' liquid stacking options and the confidence users have in the protocol. https://twitter.com/Stacksybtc/status/1801567243811111386?s=19 Slight Interruption Experienced Amidst Surge In Unique Wallets  However, the network faced a notable challenge today with a block generation interruption. The Bitcoin L2 network Stacks paused block generation for more than nine hours between blocks 153917 and 153918. Although block […]

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$ONDO Token Declines 5% Amid Whale Movements Post-Upbit Listing

The value of the real-world asset token, $ONDO, declined by 5% today, continuing its bearish trend over the past week. According to on-chain reports, two significant whale transactions contributed to this decline, as large holders moved their ONDO tokens to Bybit for profit-taking following the token's listing on Upbit. After Upbit listed ONDO, causing a brief price rebound, two whales deposited a combined 2.95 million ONDO tokens, valued at $3.86 million, to Bybit: 1. Whale 0xa87: This whale deposited 1.0 million ONDO ($1.31 million) to Bybit. Currently, the whale still holds another 1.0 million ONDO, with an estimated total profit of $808,000 (+45%). On May 22, 2024, the whale withdrew 2.0 million ONDO from Bybit at $0.904 per token (estimated cost: $1.81 million). After Upbit listed the token, the whale deposited 1.0 million ONDO back to Bybit at $1.31 per […]

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$SPIKE Faces Massive Sell-Off, Drops 95% Amid Insider Activity and Security Breach

The cryptocurrency $SPIKE has experienced a dramatic 95% price drop due to significant insider selling. Insiders initially acquired large amounts of $SPIKE through multiple wallets before offloading 292.95 million $SPIKE tokens, representing 29.3% of the total supply, for 7,056 $SOL (approximately $1.06 million) in a short span of time. https://twitter.com/lookonchain/status/1800708085675327531?t=KUuj1pBk1ddGhA5n5LrpEg&s=19 Compounding the issue, a recent report from the team’s official handle on X confirmed a major security breach. One of the core team members was hacked, resulting in the draining of nearly all of the team's supply. The statement assured that the drained supply has finally been sold on the market and that the team's wallets are no longer compromised by the hacker. https://twitter.com/originalspike/status/1800774273147207941?t=PaUCzGD0cGGGKaYyoJI0dg&s=19 Despite the severe decline in $SPIKE's value, there is a glimmer of hope. The Mexc trading platform announced the conclusion of the @originalspike Kickstarter and confirmed […]

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DMM Bitcoin Suffers $300M Bitcoin Theft, Hacker Continues Moving Funds

On May 31, 2024, DMM Bitcoin experienced a massive security breach, resulting in the unauthorized transfer of 4,502.9 BTC, valued at over $300 million. The stolen funds were initially moved to the address 1B6rJRfjTXwEy36SCs5zofGMmdv2kdZw7P and have since been dispersed across 10 different addresses. Beosin Trace, a blockchain security firm, is actively monitoring the movement of these funds. On June 11, the hacker resumed activity, transferring the stolen Bitcoin through a series of transactions: 1. 2.82 BTC were transferred from address bc1q7...x27xd to bc1q6...zg2ak. 2. From there, 2.65 BTC were moved to bc1q6...3wwvs, and subsequently to bc1qz...52n5f. 3. Finally, 1.949 BTC were sent from bc1qz...52n5f to bc1qx...luw2n, and 0.7 BTC to bc1pg...rkezu. https://twitter.com/BeosinAlert/status/1800429780300640287?t=z_TrNxyqcN2rYs7C5iu7Lw&s=19 This ongoing movement of funds indicates the hacker's attempt to obfuscate the trail and potentially launder the stolen assets. The complex transactions and rapid transfers suggest a sophisticated […]

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Altcoins Surge Amid Bitcoin Profit Redistribution: Social, BSC, and Gaming Sectors Lead

As Bitcoin's price soars to a peak of $71.7K, altcoins are experiencing significant gains driven by profit redistribution. In the past week, altcoins in the social sector have seen an average rise of 11.4%, those on the BSC and Binance Chain have risen by 6.9%, and the gaming sector has increased by 6.5%. https://twitter.com/santimentfeed/status/1798507585160790351?t=FnNxVJ--vTuBS7JqoaLpUw&s=19 Among the top performers are Cardano, Shiba Inu, and Jasmy, each benefiting from heightened whale interest. The volume of $100K+ transactions on these networks has more than doubled this week compared to the usual 2024 averages, indicating strong accumulation activity. Cardano, a well-established player in the blockchain space, has seen a notable uptick as large investors flock to its network. The increased transaction volume reflects confidence in Cardano's long-term potential and its robust ecosystem. https://twitter.com/santimentfeed/status/1798485319551168939?t=FMPqbM6OLjPPXTf-bU0bEQ&s=19 Shiba Inu, often dubbed a "meme coin," is demonstrating its growing […]

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Trondao May 2024: A Month Of Growth And Stability

Trondao, the thriving blockchain ecosystem, experienced notable growth and stability in May 2024 across various key metrics. Let's delve into the highlights. Trondao's income statement reflected promising growth, with revenue and fees climbing by 9.2% compared to the previous month. Impressively, earnings surpassed the $20.35 million mark, indicating a robust financial trajectory. https://twitter.com/Coin98Analytics/status/1798020689154469921?t=kJFvDUrqZnVjFEW2ll-tlQ&s=19 The number of TRX holders surged, surpassing 130 million in total. Notably, TRX experienced consistent burning, outpacing its generation rate since the year began. This sustained reduction in TRX supply has led to deflation for an impressive 632 consecutive days. Tron Ecosystem Growth And TVL Spike Within the TRON ecosystem, May witnessed a flurry of activity, with over 196 million transactions executed. Additionally, more than 6.2 million new addresses were created, bringing the total number of unique addresses to 223.5 million, showcasing the ecosystem's growing user base. […]

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Layer 2 Monthly Report: May 2024, Introduction of Taiko and Layer 2 Ecosystem Metrics

May 2024 marked the launch of a new Layer 2 solution, Taiko, with an airdrop event scheduled for early June. This report evaluates the performance of other Layer 2 platforms across various ecosystem metrics. Total Addresses by Chain    - Optimism continues to lead with 144 million total addresses.    - Base follows with 75.3 million addresses.    - Arbitrum holds third place with 28.7 million addresses. Daily New Addresses    - Throughout May, Optimism and Arbitrum alternated as leaders in daily new address counts.    - Notably, Base experienced significant growth, recording nearly 742,000 new addresses on May 31 alone.    - The highest growth rate in new addresses was observed in Blast, with a month-over-month increase of 39%.    - Total new addresses created in April were led by Arbitrum and Optimism with 6.4 million and 6.2 million new addresses, respectively. Daily Transactions    - The […]

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Velocore Suffers $6.8 Million Loss In Major Attack

Velocore, a decentralized finance (DeFi) platform, recently experienced a significant security breach resulting in the loss of over $6.8 million. The attacker exploited a vulnerability within the LP Pool contract, ultimately transferring the stolen funds to Ethereum and then laundering them through Tornado.Cash. The attacker, identified by the address 0x8CDc37eD79C5EF116b9Dc2A53Cb86ACaca3716bF, used a sophisticated method to manipulate the platform’s feeMultiplier parameter. This parameter directly affects the number of tokens exchanged in transactions. By constructing a specific parameter to invoke the velocore__execute function (0xec378808) of the LP contract, the attacker successfully altered the feeMultiplier. https://twitter.com/BeosinAlert/status/1797168817292148943?t=wcT624oAIohWwDbDAtz_QA&s=19 Following this manipulation, the attacker proceeded to exploit the altered feeMultiplier parameter by calling the execute function (0xd3115a8a) via the router contract. This allowed the attacker to drain significant funds from the LP pool. The stolen assets were then bridged to Ethereum, converted into $ETH, and subsequently […]

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Aevo Shows Long-Term Commitment with Token Unlock Strategy

Aevo has made significant strides in its token circulation strategy, recently unlocking enough tokens to bring its circulating supply to approximately 85%. To demonstrate a long-term commitment to its investors, the team has re-locked the remaining 15% until the end of the year. By the end of 2024, Aevo’s circulating supply will reach 100%. https://twitter.com/aevoxyz/status/1796452291119374731?t=my6jN7569aOcO3azwe59vw&s=19 This move positions Aevo as one of only two projects launched through the Binance Launchpool this year that will achieve full circulation by the end of 2024. This full circulation milestone reflects the project's transparency and dedication to its community, aiming to foster investor confidence and stability within the market. Notable Token Unlocks Set For June According to data from TokenUnlocks, June will see a series of substantial token unlocks across various projects, with amounts exceeding $10 million each. The notable tokens set for unlock […]

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Key Levels To Watch For $AVAX: Insights From IntoTheBlock

A recent report by IntoTheBlock has highlighted crucial price levels for Avalanche ($AVAX) that investors should monitor. These levels are identified based on the profitability of current holders and can act as significant support or resistance zones. https://twitter.com/intotheblock/status/1795845386378056004?t=lFJHhIkWdHJAgy7-zWk8fw&s=19 Green Bubble: Demand Zone at $32 The green bubble represents addresses that are currently in profit. Specifically, it includes 979,000 addresses that acquired 23.5 million $AVAX at an average price of $32. This level is a key demand zone and can act as strong support if the price retraces to these levels. Investors might consider this a buying opportunity, reinforcing the price around this point. Red Bubble: Resistance at $48 Conversely, the red bubble indicates addresses that are currently at a loss. This comprises 1.02 million addresses that bought 22 million $AVAX at an average price of $48. If the price starts […]

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