The exploit on the copy-cat token occurred hours after Ethena’s new ENA token was launched for farming on Binance.
Altcoin News
The term “altcoin” refers to any cryptocurrency that has launched since Bitcoin (BTC). In the early days of Bitcoin, developers forked the open-source code to create new currencies. Over time, these Bitcoin alternatives began to diverge further from their progenitor with different supply schedules and privacy features. These include Litecoin (LTC) and Zcash (ZEC), among others.
Along with altcoins came a plethora of Bitcoin–altcoin trading pairs that produced a surge in market activity, with traders leveraging the volatility of these crypto assets for high-risk rewards.
The rise of altcoins and their respective blockchain networks marks an era of experimentation and maturation within the crypto industry, as a wider range of use cases of the technology have become possible.
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The hacker’s on-chain message came approximately six hours after the hack occurred. However, blockchain security firms noted the hacker had also started swapping the stolen funds for Ether.
2755Memecoins based on Sam Bankman-Fried rocketed and then crashed as a U.S. court handed down more than two decades of jail time for the former FTX CEO.
3378The crypto market is up today as investors view spot Bitcoin ETF inflows and the upcoming BTC halving as positive catalysts for bullish market momentum.
649Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
5309Ethereum price has had a rocky week and data suggests that more downside could be on the way.
2038DOGE's price surge is driven by increased whale accumulation, X payment platform's license approvals, and heightened interest in the derivatives market.
3431The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.
1016721Shares’ Toncoin staking ETP, one of the first TON ETPs in the world, is debuting trading on the SIX Exchange under the ticker symbol TONN.
5472The DFINITY Foundation’s newly released ecosystem report revealed the community committed more than 6.5 million ICP tokens to decentralization efforts in 2023.
3153Today's Litecoin price surge comes after a significant influx of LTC supply into circulation and a rising hash rate ahead of Bitcoin's halving event.
725Lawyers for FTX say that customer claims for four SBF-linked cryptocurrencies: MAPS, OXY, SERUM, and BOBA should be heavily discounted or reduced to zero.
13125SOL price struggles to rally above $200, but on-chain and derivatives metrics point to a healthy market.
8079DOGE's bullish fractal also gains support from expectations of interest rate cuts, the upcoming Bitcoin halving, and Elon Musk's influence.
9917Solana flipped Ethereum in weekly stablecoin transfer volume as investors chase after yield, airdrops and high returns from the memecoin frenzy.
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