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Tron Founder Justin Sun Offers 5% Cut to Hacker After Poloniex Crypto Exchange Loses $125,000,000 in Cyber Heist

Tron (TRX) founder Justin Sun is offering a 5% white hat bounty to the hacker who exploited the exchange Poloniex for $125 million in crypto. Sun, who acquired Poloniex in 2019, says that the hacker has a week to accept the offer and return the assets to the wallets he took them from, otherwise, law enforcement will have to get involved. “We are offering a 5% white hat bounty to the Poloniex hacker. Please return the funds to the following ETH/TRX/BTC wallets. We will give you seven days to consider this offer before we engage law enforcement.” According to cybersecurity firm PeckShield, the cyber bandit made away with $56 million worth of top altcoin Ethereum (ETH), $48 million worth of TRX, and $18 million worth of king crypto Bitcoin (BTC). Blockchain tracking firm Lookonchain finds that the bad actor also stole a slew of other crypto assets, including stablecoins Tether (USDT), USD Coin (USDC), as well as popular memecoin Shiba Inu (SHIB). Lookonchain furth
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CryptoRank Presents: Crypto Fundraising Recap, October 2023

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Fund raising activity has reached its lowest level in the past three years. This can be attributed to the tightening monetary policy and the lack of new disruptive protocols. The limited variety of existing solutions has resulted in the emergence of numerous similar protocols. Consequently, the size of funding rounds has decreased as money has become more expensive and similar projects have proliferated. For more insights and a detailed Analysis of October’s investment trends, we invite you to read our new Crypto Fund raising Recap. Executive Summary: Crypto fundraising is currently experiencing a downturn, but the recent price rally and the potential approval of a Bitcoin ETF could stimulate fundraising activity. The tightening monetary policy in the US has resulted in smaller round sizes and reduced overall investment. A total of 112 deals worth $430 million were closed. The highest funding amounts were received by Blockchain Service ($161.7M) and
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CME tops Bitcoin futures OI as 'real facts' drive institutional uptake

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Bitcoin is in line to benefit from a tsunami of institutional capital, says Dan Tapiero, while Ethereum is also due an ETF boost. Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval. That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption. Tapiero: Mass capital inflows "about to hit" Bitcoin As excitement over the potential go-ahead for a U.S. Bitcoin spot price ETF grows, BTC price action has reacted in kind. As BTC/USD hit 18-month highs, meanwhile, institutional tides are already showing signs of shifting. Open interest on CME Group’s Bitcoin futures markets — the classic institutional venue for BTC derivatives — passed that of Binance for the first time this week. For Tapiero, this is a watershed moment. “Now begins the renewed drumbeat of ‘ institutional adoption’ of Bitcoin,” he announced on Nov.
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Ethereum Price on Black Friday 2023

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The Ethereum network has made the switch from proof-of-work mining to proof-of-stake mining. The transition was completed successfully on September 15, 2022. Additionally, the blockchain went through some major changes as validators replaced miners. Recently, the much-awaited Shapella upgrade went live, allowing these speakers to withdraw their staked Ethereum 2.0. Additionally, with numerous developments on the Ethereum blockchain, let us learn about ETH a bit more. Ethereum in a nutshell Vitalik Buterin built the decentralized blockchain platform Ethereum in 2015, along with the Ethereum Foundation, to support the development and execution of smart contracts and decentralized applications (dApps). Additionally, it has developed to become one of the biggest and most popular cryptocurrencies in the world. Ethereum is distinguished from Bitcoin by its programmability. Also read: Ben Armstrong Sues Ex-Colleagues Over Alleged Stolen Lamborghini The blockchain has grown to ac
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Bitcoin Makes A Strong Attempt To Recapture The $40,000 Level

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Nov 09, 2023 at 08:36 // Price Author Coin Idol The Bitcoin (BTC) price has made another excellent push to this years highs, breaking through the $36,000 resistance level. Price Analysis from Coinidol.com. Bitcoin (BTC) Price Long Term Prediction: Bullish Bitcoin has been trading in a range between $34,000 and $36,000 for the past two weeks as buyers prepare for a possible upward impulse. Today, buyers have surpassed the recent high, with the cryptocurrency reaching a high of $36,746. Analysts expect Bitcoin to rise to a high of $40,000 if current resistance
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PEPE’s price explosion: what’s behind meme coin’s surge

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The Pepe token, PEPE, reached a two-week high of $0.000001345 as its social volume and whale activity witnessed a slight upward momentum.  PEPE is up by 15% in the past 24 hours and is trading at $0.000001335 at the time of writing. The meme coin’ s market cap currently stands at roughly $557 million, with a 24-hour trading volume of $167 million. PEPE price , whale activity, social volume, and active deposits – Nov. 9 | Source: Santiment Despite the recent surge , Pepe’s price is still down by 69% from its all-time high of $0.000004354 on May 5. The asset recorded an 89% surge over the past 30 days as the broader crypto market entered a bull run.  You might also like: Trust Wallet (TWT) plunges over 10% as Binance unveils new wallet According to data provided by the market intelligence platform Santiment, Pepe’s social volume skyrocketed by 105% over the past day. Data shows that the social activity mainly comes from X (formerly Twitter), Telegram, and Reddit. Mor
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OPNX receives VASP license in Lithuania

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In a Nov. 8 post released on X, Open Exchange (OPNX) shares the announcement of their latest regulatory milestone in Europe. The exchange is said to now have the Virtual Asset Service Provider (VASP) license in Lithuania, a country in the Baltics. Adhering to high standards The announcement stated that the license would require OPNX to adhere to the highest standards of security and compliance, alongside claims the team is already using robust KYC and anti-money laundering systems. We're excited to announce our latest regulatory milestone in Europe! OPNX has obtained the Virtual Asset Service Provider (VASP) license in Lithuania! Learn more:https://t.co/ayScB7ykDX pic.twitter.com/vdTkRwrRnw — OPNX (Open Exchange) (@OPNX_Official) November 8, 2023 You might also like: Bitpanda secures VASP License for digital asset trading in Norway With the VASP license , OPNX has the ability to service the European region, although there may be jurisdictions within the EU that
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Bitcoin ETF Approval Poses Threat to Michael Saylor’s Horde: Report

Michael Saylor’s Bitcoin accumulation comes into question as speculation of a Bitcoin ETF approval grows.  Analysts predict an ETF approval could affect the company’s shares, which often rise when BTC price goes up.  Saylor’s company MicroStrategy has accumulated 158,245 BTC since the middle of 2020. Analysts and experts have started to evaluate MicroStrategy Chairman Michael Saylor’s Bitcoin accumulation strategy as a U.S. Securities and Exchange Commission Bitcoin exchange-trusted funds (ETF) approval looms, Bloomberg reported.   Indeed, the report noted that the SEC’s recent demeanor towards spot Bitcoin ETF filings has raised speculations of an imminent approval. These speculations have also been driven by the regulator’s decision not to challenge a Grayscale Bitcoin-ETF lawsuit victory.  As a result, many in cryptocurrency communities predict that the regulator could possibly green-light an ETF soon. In the midst of the excitement, the report noted t
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Supreme Court will hear Coinbase's Dogecoin sweepstakes case

The Supreme Court of the United States (SCOTUS) has agreed to hear a case involving Coinbase’s million-dollar Dogecoin (DOGE) sweepstakes that ran around the time that Elon Musk was re-promoting the meme coin. The case, Coinbase v. Suski, centers on “whether, where parties enter into an arbitration agreement with a delegation clause, an arbitrator or a court should decide whether that arbitration agreement is narrowed by a later contract that is silent as to arbitration and delegation.” In other words, SCOTUS justices will decide whether Coinbase users’ case against the exchange will stay in arbitration or escalate to court. Coinbase claims that user disputes over the Dogecoin sweepstakes must go to arbitration, as outlined in its user agreement. A federal appeals court ruled otherwise, saying that the sweepstakes rules clearly stated that Californian courts had jurisdiction in case of a dispute. The appeals court reasoned that state-level sweepstakes regulations (to use cour
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Blur token skyrockets as NFT sales surpass the $10m mark

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The Blur (BLUR) token price gained bullish momentum for the first time in over four months as the marketplace saw a notable surge in non-fungible token (NFT) sales . Blur is up by 30% in the past 24 hours and is trading at $0.39 at the time of writing, reaching a four-month high. The asset’s market cap is currently at $414 million, last seen in late July. BLUR’s 24-hour trading volume also skyrocketed by 400%, surpassing the $460 million mark. BLUR price, whale activity, social volume, and open interest – Nov. 7 | Source: Santiment According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BLUR surged by 248% over the past day — rising from only 19 transactions to 66 in 24 hours. You might also like: Bank of England releases stablecoin regulation plan Moreover, data provided by Santiment shows that Blur’s social volume witnessed an 80% surge.  It’s important to note that, per Santiment, the
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Ripple expected to shave off SEC’s $770m claim

Legal specialist Jeremy Hogan has detailed possible tactics Ripple could use to reduce a speculated SEC penalty of $770 million significantly. On Nov. 5, Hogan took to social media platform X to outline pivotal arguments that Ripple might leverage to mitigate the damages pursued by the SEC. Finally, the SEC has to prove some nexus between the purchaser of XRP and the United States. In other words, if Ripple sold XRP to a German investment company with no ties to the U.S., the SEC has no jurisdiction over that sale. The "nexus" question will be interesting. — Jeremy Hogan (@attorneyjeremy1) November 5, 2023 Hogan highlights that the SEC’s pursuit of “disgorgement,” aimed at recouping profits from alleged misconduct, should be calculated using Ripple’s net profits rather than the total revenue. This key difference could permit the deduction of business expenses from Ripple, potentially reducing the demanded amount substantially. Another point raised by Hogan is the juris
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SHIB’s Price Up Slightly as 259+ Million Tokens Get Burned

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Shibburn revealed that more than 259 million tokens were burned throughout the past week. According to the X post, these SHIB tokens were burned through 66 transactions. At press time, SHIB was trading hands at $0.00000803 following a 1.18% 24-hour gain. The Shiba Inu (SHIB) token burn tracking platform Shibburn revealed in a X post earlier today that a total of 259,383,545 tokens have been burned over the past week. According to the post, these tokens were burned through 66 transactions. In the last 7 days, there have been a total of 259,383,545 $SHIB tokens burned and 66 transactions. #shib pic.twitter.com/GSghYogKMy — Shibburn (@shibburn) November 5, 2023 Although the amount of tokens burned in the past 7 days is impressive, it is a 52.4% decrease compared to the previous week. Meanwhile, the value of the tokens removed from circulation is estimated to be $2,061.78. The recent token burns seem to have had a positive effect on the meme coin’s pric
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Shiba Inu: Can SHIB Reach $0.01 in 2024?

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Shiba Inu (SHIB) has had a lackluster year in 2023. While other crypto assets such as Bitcoin (BTC) and Solana (SOL) are up by over 100% since January 2023, SHIB is down by about 3%. Even after the highly anticipated Shibarium launch, the memecoin’s price did not pump much. Although the token picked up some steam in October, it has not managed to break the resistance level of $0.000008. Also Read: Shiba Inu: $1000 in 2020, Is Worth $7.5 Million in November 2023 However, many are hopeful that Shiba Inu (SHIB) will pick up the pace in 2024. Many market analysts anticipate another crypto market bull run early next year, and SHIB could touch new highs if that were to happen. However, will the memecoin achieve its “1-cent dream”? Let’s find out. Can Shiba Inu reach $0.01 in 2024? Source – Outlook If SHIB reaches a price of $0.01, its market cap will skyrocket to around $5.89 trillion, as there are 589 trillion SHIB tokens in circulation. This figure is unlikely as the market cap
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CME Bitcoin futures hit record high, but uncertainty looms above $36K

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CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy. Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched. Bullish momentum on CME Bitcoin futures, but cautious BTC options markets The number of active large holders surged to a record 122 during the week of Oct. 31, signaling a growing institutional interest in Bitcoin. Notably, the Bitcoin CME futures premium reached its highest level in over two years. In neutral markets, the annualized premium typically falls within the 5% to 10% range. However, the latest 15% premium for CME Bitcoin futures stands out, indicating a strong demand for long positions. This also raises concerns as some may be relying on the approval of a spot Bitcoin exchange-traded futures
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