Author: Issac Lane
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Venus Protocol User Loses $13.5 Million in Phishing Attack
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A trader on decentralised finance (DeFi) platform Venus Protocol has suffered a $13.5 million loss after falling victim to a phishing scam, according to blockchain security firm PeckShield. The incident prompted Venus Protocol to temporarily pause its platform while security checks were carried out, though the project confirmed the loss was not linked to flaws…
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Bitcoin Slumps as Gold Nears Record Highs
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Bitcoin entered September on the back foot, with price weakness compounded by renewed strength in gold. The leading cryptocurrency slipped to multi-week lows, fuelling debate over whether a deeper correction lies ahead. Traders Eye $100,000 Support Bitcoin briefly dropped to $107,270 at the weekly open before rebounding towards $110,000 in typically volatile holiday trading. The…
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Bitcoin Whale Rotates Billions into Ether, Surpassing SharpLink Holdings
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A mysterious Bitcoin whale worth more than $11 billion has shifted a significant portion of his portfolio into Ethereum, overtaking the holdings of one of the largest corporate Ether treasuries. The move is being seen as part of a wider trend of institutional investors diversifying beyond Bitcoin into assets with greater potential upside. Multi-Billion Dollar…
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Bitcoin Slides to Multiweek Lows as $540M in Liquidations Rattle Market
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Bitcoin dropped to its lowest level since early July on Friday, with a sharp sell-off pushing the price below $109,000. The decline came as major holders unloaded large amounts of BTC, triggering liquidations of more than half a billion dollars in the past 24 hours. Fresh Pressure at Wall Street Open Data from TradingView showed…
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Ethereum Foundation Puts Interoperability at the Centre of Near-Term Strategy
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The Ethereum Foundation has outlined interoperability as its top priority for improving user experience over the next year, with a strategy that places emphasis on intent-based architecture, faster message-passing, and unified standards across the network. Interoperability as the Key Challenge In a blog post published on Friday, Ethereum Foundation researchers said the next six to…
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Ethereum Exit Queue Surpasses $5 Billion, Raising Market Concerns
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Ethereum is experiencing its largest validator exit in history, with over $5 billion worth of Ether (ETH) now waiting to be withdrawn from staking. The development has raised questions about potential selling pressure, even as analysts highlight strong institutional demand that could balance the market. Record Validator Exodus On Thursday, Ethereum’s exit queue crossed the…
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World Liberty Financial Token Set for September Launch with $1 Price Prediction
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World Liberty Financial (WLFI), a new decentralised finance (DeFi) platform backed by former US President Donald Trump and his family, is preparing to launch its native token on 1 September. The project has already generated significant attention across the crypto sector, with analysts suggesting it could emerge as one of the most influential token events…
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Solana Developers Face $5,000 Bills for Single Queries on Google Cloud’s BigQuery
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Rising Concerns Over BigQuery Pricing Solana developers are voicing serious concerns after being hit with unexpected charges of up to $5,000 for running a single query through Google Cloud’s BigQuery. Several blockchain developers have described their experiences as “horror stories,” with some claiming that a few queries have cost them tens of thousands of dollars.…
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Daily Crypto Round-Up: NFT Prices Slide, Gemini Surpasses Coinbase, and Regulators Target Tokenised Stocks
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The cryptocurrency market experienced a turbulent day with sharp declines in leading NFT collections, a significant milestone for Gemini following its XRP credit card launch, and mounting regulatory scrutiny over tokenised stocks. NFT Market Suffers as Ether Retreats Blue-chip non-fungible token collections faced heavy losses as Ether retreated from record highs. Data from DeFi aggregator…
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XRP Struggles at $3 but Analysts Still Expect Breakout
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XRP has failed to reclaim the $3 level after tumbling more than 20% from its July peak, leaving traders debating whether the cryptocurrency can still stage a recovery. While the recent dip has unsettled some investors, several market analysts remain confident that a breakout could soon follow if key support levels hold. XRP Slides Below…