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Ethereum (ETH) Layer-2 scaling solution ZKsync (ZK) has suffered a significant exploit, resulting in the loss of $5 million worth of ZK tokens. The breach, which targeted the platform’s smart contract infrastructure, has been acknowledged by the protocol through a post to the social media platform X. “ZKsync security team has identified a compromised admin account that took control of ~$5M worth of ZK tokens – the remaining unclaimed tokens from the ZKsync airdrop. Necessary security measures are being taken. All user funds are safe and have never been at risk. The ZKsync protocol and ZK token contract remained secure, and no further ZK is at risk. This is an isolated incident caused by a compromised key and confined to the ZK Token airdrop contract. The investigation is ongoing, and a detailed update will be shared later today.” The attack, reportedly executed through a sophisticated vulnerability in ZKsync’s zero-knowledge proof mechan...

What’s hot in the crypto space today? Which tokens are making waves and catching investors’ attention? If you’re keeping an eye on the Avalanche blockchain, three names stand out: Lode Token, BENQI, and Fold. These trending tokens each serve a unique purpose, from stable, precious metal-backed assets to decentralised lending solutions and transaction optimisation tools. But what exactly makes them so popular right now? Trending Cryptocurrency Tokens on Avalanche Chain Today  Lode Token brings the security of silver and gold to the digital world, offering a stable alternative to volatile cryptocurrencies. BENQI powers a seamless DeFi experience by enabling fast, low-cost lending and borrowing. Meanwhile, Fold focuses on improving blockchain transactions, making them smoother and more efficient. Together, these trending cryptocurrency tokens on Avalanche today set new standards in the blockchain community. 1. Lode Token (LODE) In today’s financial landsca...

Apps on the Solana blockchain hit record fees and revenues in the last 24 hours, driven by a surge in activity amid a new wave of meme coin mania following Donald Trump’s election win. Five out of the top 10 protocols in terms of fees in the last 24 hours were on Solana, according to a Nov. 18 post on X by Patrick Scott, who cited data from DefiLlama . The meme coin sector surged another 3.5% to hit a market capitalization of $126 billion in the past day, adding to turbocharged gains last week. Raydium Sets A New Fee Record Raydium, the Solana-based market maker, achieved a record $11.31 million in fees on Nov. 17. Liquid staking protocol Jito also saw a surge in activity during the same day, pushing the decentralized platform’s daily fees to $9.87 million. This marked Jito’s third-highest day of fees as well. Raydium is generating $219MM of annualized protocol revenue. Right now the market is mostly taking a barbell approach (majors and AI/memes) but when the f...

The Neiro price surged 45% in the last 24 hours to trade at $0.01199 as of 06:54 a.m. EST, with trading volume skyrocketing to $3 million. Neiro on Solana aims to follow a deluge of Neiro meme coins launched since the owner of Kabosu, the late Shiba Inu canine who birthed the Dogecoin meme coin, announced the adoption of a new Shiba Inu dog named Neiro. Neiro Price Roaring Towards A Bullish Rally Continuance According to data from GeckoTerminal , the Neiro price has formed a double bottom pattern, as the bulls aim to use the $0.010 resistance level to push the token up. NEIRO has now surpassed both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms the bullish trend. Moreover, the Relative Strength Index (RSI) is soaring toward the 70-overbought region, which shows that the buying pressure is intensifying at this level. The Moving Average Convergence Divergence (MACD) is also bullish, as it soars past the neutral line. The blue MACD line also crosses above the o...

Arbitrum (ARB), one of the most popular second layers for Ethereum (ETH), threatens a significant sell-off this week. The protocol will unlock over $100 million in tokens in the next few hours of press time, on April 16.  Notably, Arbitrum’s contracts will unlock 92.65 million ARB for the team behind the project and the early investors. The former, composed of “Team, Future Team, and Advisors” will receive 56.13 million tokens worth $63.98 million. Meanwhile, “Investors” will have 36.52 million ARB unlocked, at a $41.63 valuation. Picks for you Profit and planet: Best climate change investments 49 mins ago US economist warns Bitcoin is in ‘stealth bear market’ 53 mins ago 2 meme coins to reach $25 billion market cap in 2024 19 hours ago VALR crypto exchange receives regulatory license as a CASP in South Africa 21 hours ago Overall, this is a relevant amount of ARB entering the circulating supply for a likely sell-of...

Analysts at market intelligence platform Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery. Through an examination of Ethereum's (ETH) on-chain activity, market intelligence platform Santiment has published a report indicating that the count of daily active Ether addresses experienced a notable increase, reaching around 1,089,893 on Sept. 13. This recent upsurge represents the second -highest number of daily active addresses ever recorded in Ethereum's history . The highest count was registered on Dec. 9, 2022, aligning with Ether's reevaluation following its losses from the post-2021 bear market. As a result, analysts at Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery. Additionally, this uptick in on-chain activity indicates a growing demand for the underlying asset. The #Ethereum network just saw 1,089,893 unique wallets acting as a sender or...

Banana Gun’s newly launched token plummeted more than 99% within three hours of its launch after a bug was discovered in the token's contract. The eagerly-awaited launch of the telegram bot Banana Gun’s native token BANANA couldn’t have gone any worse, with the price of the newly launched BANANA falling from a peak of $8.70 to $0.02 in less than 3 hours after it launched.  Banana Gun (BANANA) token price action since inception. Source: DexScreener Some crypto users were quick to cry foul, accusing it of a "rug pull,” however, the official X account for Banana Gun instead blamed a bug in the token’s contract that the team was unable to hotfix, noting that the bug managed to get through “despite two audit s.” Announcement We have a bug in our contract we cannot hotfix. Despite two audits there is a bug in the contract with our taxes, which allows people to sell their bags while having tax tokens remaining in their wallet. 1. First step is to sell the treasury wallet to drain t...

He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry. Stuart Alderoty, Ripple's Chief Legal Officer and General Counsel in the SEC v. Ripple Labs case, has characterized the United States Securities and Exchange Commission's (SEC) latest submission as a "contradictory shift" and contends that it holds little sway.  Following the recent filing by the U.S. SEC to reinforce its interlocutory appeal, Stuart Alderoty, Chief Legal Officer at Ripple, commented on X, referring to the submission as another instance of a "hypocritical pivot." Alderoty highlighted what he sees as Chairman Gary Gensler's inconsistency, manipulative actions and appetite for expanded regulation. He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the indus...

The growth in BRC-20 tokens comes just two months after the creation of the Bitcoin token fungibility protocol. On May 9, the total market capitalization of BRC-20 Bitcoin token s surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed token s include ordi, nals, VMPX, pepe, and meme, with price variance of between +11% and -55% within the past day. According to analysts at multi-chain wallet BitKeep, the BRC-20 token standard is a novel form of fungible token that "employs Ordinals and Inscriptions to create and manage token contracts, token minting, and token transfers, which are stored on the Bitcoin base chain." Ordinals is a numbering system that assigns a unique number to each satoshi, or one hundred millionth of a Bitcoin (BTC), enabling its tracking and transfer. Meanwhile, the "inscription" process adds a layer of data to each satoshi, allowing users to create unique digital assets on th...