💚 Crypto exchange Poloniex has been hacked for at least $49 million. The blockchain analysis platform PeckShield pointed towards the suspicious transactions. PeckShield alert informed crypto exchange Poloniex and Justin Sun about the suspicious transactions. BeInCrypto discovered through the on-chain data that the following tokens were transferred to a new wallet: - 4900 Ethereum - 726,859.21 Sandbox - 397,778.61 Polygon - 102,084.79 Lido DAO - 188,797 DAI - 168,476.02 FRAX - 1,158,260 CRO - 10,027,719.43 HEX - 1,058,674.96 CHZ - 28,491.81 APE
🪙 Gamefi Tokens' Valuation Swells by $4.5 Billion, Eclipsing AI Crypto Sector's Growth Over the last month, the crypto market has seen appreciable gains, reaching a valuation of $1.4 trillion. Certain areas, however, have registered more pronounced increases against the U.S. dollar. Data reveals that the top gaming tokens from the game finance (gamefi) sector have experienced significant growth over the past week. From the onset of 2023, the market valuation of the gamefi token sector has increased by $4.54 billion, attaining its current value of $11.49 billion.
â–ª DeFi Literally: Decentralized Finance The main objective of decentralized finance is to become an alternative to the banking sector (CeFi), excluding a third party in the form of a regulator or other intermediary from transactions, replacing the traditional monetary system of interaction with digital transactions based on reliable execution protocols (smart contracts)
What do you think about the existing Canadian Bitcoin and Ethereum ETFs? There's been some strong price action for both Bitcoin and Ethereum over the last few weeks, following some news about it being likely that Bitcoin and Ethereum ETFs will be approved. For a long time, people have viewed the advent of ETFs as the next big bull milestone. In Canada, there already is a Bitcoin ETF and an Ethereum ETF that have $1.1B under management and $200M under management, respectively. Both have been around since early 2021 and hold the true underlying coins in cold storage. I wonder what this will mean for how US ETFs for Bitcoin or Ethereum will be received. Granted, Blackrock is a more respected institution than Purpose Investments and may have lower fees, but I don't know if it really matters. Wondering if this is a "buy the rumor, sell the news" kind of bearish outlook. #tidder #ETF