Whale Loses $55.47M DAI In Phishing Attack: A Cautionary Tale

In a devastating phishing attack, a crypto whale lost 55.47 million DAI due to a careless mistake. The incident unfolded when the whale unknowingly signed an unknown transaction 13 hours ago, inadvertently setting the owner of his 55.47 million DAI in Maker to a phishing address: “0x0000db5c…41e70000.” This critical error allowed the attacker to gain … Read more

$AAVE Sees Surge in Daily Active Addresses And Whale Activity As It Breaks Out Of 2.5-Year Range

Yesterday, $AAVE experienced a surge in daily active addresses, reaching 1.73k—the highest point in over a year. This increase in activity coincides with significant whale purchases, signaling growing interest and confidence in the DeFi token. Daily active $AAVE addresses have surged to the highest point in over a year yesterday, reaching 1.73k. pic.twitter.com/ysOaSydItX — IntoTheBlock … Read more

Tether Mints $3B USDT In One Week: Where Did It All Go?

Tether (@Tether_to), the issuer of the world’s largest stablecoin, recently minted an impressive $3 billion USDT in just one week. The big question on everyone’s mind is: where did all this USDT flow? According to on-chain data, since August 5, approximately $3.22 billion USDT has been transferred from Tether’s treasury to various cryptocurrency exchanges. Of … Read more

Mixed Signals For 1INCH As Price Rises Amid Pantera Capital’s Sell-Off

Yesterday, the price of 1INCH saw a notable 12% increase, largely driven by purchases from the 1inch team itself. This surge in value highlights growing confidence from the project’s core team. However, this positive momentum is met with a significant counterforce: Pantera Capital, a major institutional investor, has been steadily offloading its 1INCH holdings. Just … Read more

Tron’s Sun Pump Debut Sparks New Highs in Meme Coin Market

Since its debut in mid-August, Sun Pump, a Tron-based meme coin generator, has been bustling with action. Data from Dune Analytics reveals that close to 30,000 Sun Pump-issued tokens have been minted to date, with an impressive 7,531 tokens created just this past Wednesday. Tron’s Meme Coin Generator Sets New Benchmarks To many observers, the … Read more

Report: Crypto Industry Spends Record $119 Million in 2024 Federal Elections

The crypto industry made waves in the 2024 federal elections by investing a staggering $119 million, positioning itself as the top corporate donor of the election cycle, according to a detailed report by citizen.org. This hefty financial contribution underscores the expanding sway of the cryptocurrency sector in influencing U.S. politics today. Crypto Industry Dominates 2024 … Read more

Polymarket Wager Shows Trump Taking the Lead in Nail-Biting 2024 Election Bet 

On Aug. 22, 2024, Polymarket odds showed former President Donald Trump leading in the prediction market that pits him against Kamala Harris for the 2024 presidential election. As of 8:19 a.m. EDT on Thursday, Trump held a 53% chance of victory, edging out Harris, who currently sits at 46%. Polymarket and Several Other Betting Platforms … Read more

Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting

On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The … Read more

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