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AI Narrative Dominates Crypto, $GOAT Token Hits All-Time High With 600M Market Cap

The AI narrative has taken the crypto world by storm, capturing 50% of the industry's mindshare. Yet, despite the hype, the total market cap of AI-related coins still falls short compared to the top two memecoins. https://twitter.com/TheCryptoLark/status/1849065001795109098?t=Xgx9NN_CDs6_HFOENDCsMA&s=19 However, tokens like $GOAT, a fusion of AI and meme culture based on @truth_terminal, are making waves. Recently, $GOAT surpassed a 600 million market cap, reaching its all-time high (ATH). https://twitter.com/MemeRadarTK/status/1849015011240526079?t=VTh9_PdT4b0N9mCSKIAi3w&s=19 Whale Activity And $GOAT Holdings  A major talking point in the community is whether trader stupidmoney.sol may have sold his $GOAT tokens too early. Eight days ago, he cashed out his entire 15.15 million $GOAT holdings, turning 5 SOL (worth $727) into 15,883 SOL ($2.44M)—a staggering return. However, had he held on just a bit longer, his profits would have exceeded $10 million as the token surged in value. Meanwhile, whale activity […]

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ApeChain Launch Drives ApeCoin Surge, But One Whale Faces Major Losses

Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC), has officially launched ApeChain on the Ethereum mainnet. ApeCoin DAO’s $APE token surged 100% in the last two days, fueled by excitement over ApeChain's launch. What is ApeChain? ApeChain is a Layer 3 blockchain solution built on Ethereum, using the Arbitrum Orbit toolkit to enhance both scalability and security. The integration of Arbitrum Orbit ensures ApeChain can handle high transaction volumes without compromising performance, making it a powerful addition to the blockchain ecosystem. Key Features One of ApeChain’s key partnerships is with Wire Network, a Layer 1 blockchain infrastructure designed for the AI agent economy. This collaboration aims to provide creators with AI-powered tools to better engage their audiences in interactive ways. To further enhance interoperability, ApeChain has integrated LayerZero, a cross-chain messaging protocol. This allows APE tokens to […]

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Top Tokens Accumulated By Smart Money Over The Past Week

In the last seven days, Solana ($SOL) has surged to the top of Smart Money's accumulation list, reclaiming the #1 spot. Alongside $SOL, other notable tokens such as Bitcoin ($BTC), Pepe ($PEPE), Mog Coin ($MOG), Rollbit Coin ($RLB), and Lamden ($TAO) continue to be heavily accumulated by savvy investors. A new entrant, $AEVO, also made its debut on this list. https://twitter.com/iCryptoAI/status/1848181294993437155?t=foN1LjjOlU73soEgxoUcCA&s=19 $SOL Attracts Major Accumulation from Smart Money and Smart Dex Traders Over the past four days, both Smart Money and Smart Dex Traders (SDTs) have been aggressively buying Solana. SDTs purchased a total of 10,300 $SOL, valued at around $1.64 million, while Smart Money acquired 13,100 $SOL, worth approximately $2.4 million. https://twitter.com/iCryptoAI/status/1848259426077298861?t=X7E4_7z8grrHI3SqFOFzzQ&s=19 Currently, $SOL ranks first among the tokens most accumulated by Smart Money and has become a prized asset for SDTs. Interestingly, a "smart whale" recently sold 22,726 […]

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@RDNTCapital Suffers Major Exploit, Losing Millions In Market Attack

Last night, decentralized finance (DeFi) platform @RDNTCapital fell victim to a significant security breach that resulted in a massive loss of funds from its markets. The attack targeted the platform’s multisig wallet, which is responsible for critical tasks such as contract upgrades and transferring funds. The wallet, identified as 0x111ceeee040739fd91d29c34c33e6b3e112f2177, operates on a multisignature model that requires 3 out of 11 signatures to authorize transactions. https://twitter.com/CyversAlerts/status/1846798484063547468?t=nWyMujPe5QwwTTSsWS_t8Q&s=19 Unfortunately, the attacker managed to gain control of permissions for three of the wallet’s signers, bypassing security measures. By using these three compromised private keys to sign off-chain, the hacker was able to transfer ownership of the LendingPoolAddressesProvider to a malicious contract. The attacker then updated the lending pool’s logic to a backdoor contract, which allowed them to siphon funds from various lending markets. Funds Stolen Now Converted To ETH And BNB  The stolen […]

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This Week In Meme Coins: SUI, Hippos, And The Satoshi Revelation

The meme coin market is buzzing this week, with its total market cap soaring to $47 billion—a notable 17.86% increase in just seven days. This impressive growth has outpaced many other sectors in the cryptocurrency space, with most of the top 20 meme coins trending upwards. Market Overview The meme coin market cap now stands at $47 billion, marking a significant rise that indicates renewed interest from investors. This sector has proven resilient, thriving even as larger cryptocurrencies struggle to gain momentum. Notably, Sui network-related coins are gaining traction, with Sudeng reaching a market cap of $150 million. Meanwhile, Ethereum's Moodeng skyrocketed by 480% following a mention from Vitalik Buterin, capturing the attention of the crypto community. Narrative of the Week Meme coins are experiencing a renaissance while major cryptocurrencies stagnate, highlighting a shift in investor sentiment. The surge in […]

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Crypto Industry Q3 2024 Report: Key Trends And Highlights

The crypto market remained mostly flat in Q3 2024, with the total market cap ending the quarter at $2.33 trillion, reflecting a slight 1% drop. Despite this, the quarter was marked by volatility due to external factors, such as the Federal Reserve's rate changes and Japan's surprising rate hike. Here are the most notable insights from the Q3 report: 1. Crypto Market Performance: The market cap peaked at $2.61 trillion on July 22 before plummeting on August 6, driven by global economic concerns. Average daily trading volume stood at $88 billion, a 3.6% decrease from Q2. 2. Bitcoin Dominance: Bitcoin’s dominance surged to 53.6% of the total market, a 2.7% increase quarter-over-quarter. Conversely, Ethereum saw the biggest decline in dominance among the top seven cryptocurrencies, dropping 3.6% to close the quarter with a 13.4% market share. 3. Asset Class Performance: […]

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The AI Mania: Will It Spill Over Into Crypto?

The AI boom is undeniable, with tens of billions of dollars pouring into startups over the past year. Leading the charge is OpenAI, which recently raised $6.6 billion, pushing its valuation to a staggering $157 billion—over 10 times the fully diluted value (FDV) of $TAO. OpenAI has transitioned from a research lab into a product-driven giant. By Q2 2024, its annualized revenue hit $3.4 billion, double what it was earlier that year. However, with huge revenues come equally large operational costs. AI's explosive growth is fueled not only by high valuations but also by an intense demand for talent, especially in tech hubs like the Bay Area, where AI expertise commands premium salaries. Yet, companies hiring globally are winning by tapping into cheaper talent pools across different markets. This raises a crucial question: how can we fund, build, and scale […]

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Justin Sun: The Airdrop Hunting Tycoon

Justin Sun has emerged as one of the most accomplished airdrop hunters in the crypto world, employing a strategy that allows him to earn millions with minimal effort. As of February, Sun's net worth was estimated at around $1.5 billion, but with the recent market surge and his growing influence, it's likely his assets have surpassed $2 billion. Sun has developed a unique approach that enables him to click a single button and reap substantial airdrop rewards. His initial rise to fame came in March when he received a significant airdrop from EtherFi. One of his wallets captured nearly 6% of the total $ETHFI airdrop supply, which was valued at approximately $20 million. https://twitter.com/cryppinfluence/status/1842236487938802050?t=DmIROZvi8_jsXMDgrO9v8w&s=19 $56 Million Transfered To Binance  In a further display of his market savvy, Sun attracted attention again when he transferred $56.1 million in TUSD to Binance […]

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CMC Q3 Report: BTC Dominance Rises As DeFi Falters and AI, Meme Coins Surge

The CoinMarketCap (CMC) Q3 report reveals significant shifts in the crypto landscape. Bitcoin’s dominance surged to a two-year high of 56.8%, its highest level since April 2021, while the total stablecoin market cap hit an all-time high (ATH) of $160 billion, 2.5 times higher than April 2021 levels. Despite a slight dip in the global crypto market cap, down 0.13% to $2.24 trillion, trading volumes rose 12.6%, signaling sustained activity. As the bull market progress reaches 40.66%, it is currently 100 days ahead of schedule. Key sectors like AI and meme coins saw impressive growth in Q3, while DeFi and infrastructure projects faced declines. TRON emerged as the top performer for the quarter with a 21.51% gain, while the DeFi sector saw its total value locked (TVL) drop by 21.4% from its yearly high. https://twitter.com/CoinMarketCap/status/1841795552570441979?t=zH97nfXl8vVmRXR6ohKpRA&s=19 User activity also shifted, with […]

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Sui Blockchain Launches Bridge For Ethereum, Boosting Cross-Chain Connectivity

On September 30, the Sui blockchain introduced a new bridge that allows Ethereum (ETH) users to transfer assets to Sui, a Layer 1 network. This bridge enhances interoperability between Ethereum and Sui by facilitating seamless transactions, a major development in blockchain technology. Before this, Wormhole was the primary means for transferring assets between the two platforms. https://twitter.com/scottmelker/status/1841877064569270510?t=V40ZhKBOOC9Iy02fKdis1A&s=19 SUI Newly Launched Bridge Supports Ethereum And WETH  The newly launched Sui Bridge currently supports transfers of both ETH and WETH, with plans to broaden its capabilities in future updates. This is expected to make cross-chain transactions even more efficient as the Sui ecosystem continues to grow. Sui’s growing popularity is also reflected in its market performance. Recent interest rate cuts have contributed to $SUI's impressive gains, positioning it as one of the top 20 assets on CoinMarketCap (CMC). Additionally, the total value […]

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