Recently, Gala Game, a Web3 gaming project, fell victim to a security breach conducted by an unknown attacker. This attacker, believed to be a compromised or rogue admin address, managed to mint a staggering 5 Billion GALA tokens, equating to a value of over $200 million. The aftermath of this exploit led to the unauthorized
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Polimec, a newly launched decentralized funding protocol on the Polkadot network, is set to revolutionize the way Web3 projects raise capital and issue tokens. Offering a transparent and regulatory-compliant environment, Polimec aims to connect investors and startups globally, fostering innovation in decentralized initiatives. Polimec enables emerging Web3 projects, particularly those focused on the Polkadot ecosystem,
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Recent developments in the world of Spot Ethereum ETFs have sparked optimism among applicants. The Securities and Exchange Commission (SEC) has requested spot Ethereum ETF applicants to update their 19-b4 filings. This move has led to speculations that there might be a shift in the SEC’s stance on approving the pending applications. ETF analysts like
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Ethereum, the second-largest cryptocurrency by market capitalization, is currently facing a crucial moment as it hovers around a potential breakout. Prominent crypto analyst Jelle recently highlighted a falling wedge pattern on Ethereum’s chart, suggesting a possible bullish signal in technical analysis. This pattern comes as ETH reclaimed its 100-day Exponential Moving Average (EMA), reinforcing the
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The resurgence of retail investors in Ethereum meme coin markets marks a notable shift in market dynamics, especially after months dominated by Solana meme coins. This shift can be attributed to the decline in ETH gas fees post Dencun upgrade, leading to improved Ethereum activity and renewed interest in ERC-20 meme coins. The recent uptick
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Bitcoin, the world’s largest cryptocurrency, is showing signs of a potential bullish rally as indicated by a unique technical pattern known as the Stablecoin Supply Ratio (SSR) Oscillator. This metric measures the market sentiment by comparing the supply of stablecoins to Bitcoin, providing insights into buying and selling opportunities for traders and analysts. The SSR
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Bitcoin’s price has seen some fluctuations in the past 24 hours, dropping below $67,000 multiple times. However, each correction has been met with a strong reaction, bringing the price back to that line once again. Despite some ups and downs, Bitcoin’s resilience is evident as it remains close to the $67,000 mark. While Bitcoin has
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