How to bridge to zkSync
Uncover the step-by-step process of moving cryptocurrency to and from zkSync, ensuring smooth and effortless transactions. Go to Source
Ethereum
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Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that … Read more
Glassnode Report Highlights Diverging Performance Between Bitcoin and Ethereum
The onchain analytics firm Glassnode has released a new report detailing the contrasting performance of bitcoin and ethereum during the 2023-24 cycle. The report highlights bitcoin’s resilience and ethereum’s comparative lag in speculative interest and price performance. Bitcoin’s Post-Halving Resilience Contrasts With Ethereum’s Struggles, Says Glassnode Glassnode researchers noted a significant divergence in performance between … Read more
Vitalik Buterin proposes Ethereum gas model overhaul
Ethereum-based transactions currently have two gas fees: one for transaction execution and another for storing data. Go to Source
Stolen Poloniex Ether worth $53M never made it back to the exchange
The Poloniex hacker moved over 17,800 Ether (ETH) from six different wallets into a single Tornado Cash address. Go to Source
Proactive Detection by Certik Saves Wormhole Bridge From Potential $5 Million Hack
Certik, a security firm, prevented a potentially disastrous $5 million exploit in the Wormhole cross-chain bridge by identifying a critical bug, showcasing the importance of proactive security practices and the benefits of open-source software in enhancing Web3 security standards. Wormhole, a project enabling token and data transfers between blockchain networks like Ethereum and Solana, had … Read more
Hong Kong Bitcoin, Ether ETFs wipe 2 weeks of inflow in a single day
Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds. Go to Source
Price analysis 5/13: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin’s strong rebound of the $60,000 level is encouraging but it still could be a hint that BTC’s range-bound action could continue for some time. Go to Source
Steven Nerayoff Calls out Joseph Lubin for Damaging Crypto Market
Steven Nerayoff, a former adviser to the Ethereum network, has publicly denounced Joseph Lubin, co-founder of the Ethereum Project and the founder of Consensys, and other “bad actors” for their detrimental actions in the cryptocurrency market. In a tweet, Nerayoff clarifies that his dispute is not with Ethereum as a whole, but specifically with Lubin … Read more
This Week’s Biggest Crypto Gainers and Losers: Cheelee Rises as Pendle Falls
On Monday, the cryptocurrency market maintained steady growth, with its valuation reaching $2.3 trillion—an increase of 1.72% over the last 24 hours. Over the past week, six cryptocurrencies have posted double-digit gains, while around two dozen have experienced significant losses. Crypto Asset Market Sees Varied Performance This week saw a mixed performance within the crypto … Read more