Tenimagalon
@Square-Creator-c42195979
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The meme coin boom has led to an increase in scams on the Solana network.
According to a report by Hacken, total losses in the Web3 market in 2024 exceeded $2.9 billion, including damage from attacks on DeFi and CeFi platforms, as well as gaming projects and metaverses. In 78% of cases, vulnerabilities in access control systems were the cause.
Analysts report that losses in the DeFi segment decreased by 40% compared to the previous year, from $787 million to $474 million. At the same time, losses in the CeFi sector more than doubled, reaching $694 million. One of the main trends this year has been pre-sale scams.
According to a report by Hacken, total losses in the Web3 market in 2024 exceeded $2.9 billion, including damage from attacks on DeFi and CeFi platforms, as well as gaming projects and metaverses. In 78% of cases, vulnerabilities in access control systems were the cause.
Analysts report that losses in the DeFi segment decreased by 40% compared to the previous year, from $787 million to $474 million. At the same time, losses in the CeFi sector more than doubled, reaching $694 million. One of the main trends this year has been pre-sale scams.
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Which#cryptocompanies will show the biggest growth in 2024? 🚀
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BEST#BLOCKCHAINSBY MONTHLY#NFTSALES VOLUME
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About two weeks ago, the network hashrate of #Bitcoin surpassed 800 EH/s for the first time, reaching a new all-time high of 805 EH/s on a 7-day moving average.
The hashrate has since retreated slightly and currently sits at 795 EH/s. Since the start of the year, the hashrate has increased by 280 EH/s, already surpassing the 250 EH/s added in 2023 — despite the halving putting significant pressure on mining margins.
If the network hashrate ends the year at 762 EH/s or higher, 2024 will go down in history as the year of record hashrate growth.
The hashrate has since retreated slightly and currently sits at 795 EH/s. Since the start of the year, the hashrate has increased by 280 EH/s, already surpassing the 250 EH/s added in 2023 — despite the halving putting significant pressure on mining margins.
If the network hashrate ends the year at 762 EH/s or higher, 2024 will go down in history as the year of record hashrate growth.
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Bitcoin's Head and Shoulders Pattern at Risk of $80K Drop - Analyst
#BTC Price Targets Pointing to New Local Lows Have Reached $80,000, Warns Trader and Analyst Axel Kibar
"If the pattern acts as a H&S top, then the price target is at 80K. This could be a pullback to the expanding pattern that ended with a breakout above 73.7K
#BTC Price Targets Pointing to New Local Lows Have Reached $80,000, Warns Trader and Analyst Axel Kibar
"If the pattern acts as a H&S top, then the price target is at 80K. This could be a pullback to the expanding pattern that ended with a breakout above 73.7K
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2. Positive Net Flows: When net flows turn positive, it indicates that inflows to exchanges exceed outflows. Combined with rising reserves, this shift enhances the likelihood of increased trading activity or profit-taking by investors.
📚 Key Takeaways:
While the broader trend has favored accumulation and self-custody, these recent changes may reflect growing caution or a shift in sentiment. Investors may be preparing to take profits or anticipating a price correction. If reserves and net flows continue to grow, we may see increased volatility and potential downward pressure on the price of Bitcoin in the near term.
This turnaround highlights the importance of monitoring exchange activity for early signs of a shift in market sentiment.
📚 Key Takeaways:
While the broader trend has favored accumulation and self-custody, these recent changes may reflect growing caution or a shift in sentiment. Investors may be preparing to take profits or anticipating a price correction. If reserves and net flows continue to grow, we may see increased volatility and potential downward pressure on the price of Bitcoin in the near term.
This turnaround highlights the importance of monitoring exchange activity for early signs of a shift in market sentiment.
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Analyst: Bitcoin Market Turnaround: Why Rising Reserves and Net Flows Matter
Recent changes in Bitcoin metrics signal potential changes in market dynamics. Spot exchange reserves, which have been steadily declining as investors have been pulling BTC out of exchanges, recently saw a significant increase with an inflow of +20K BTC. At the same time, net flows across all exchanges turned positive (+15.8K BTC), reversing the mostly negative trend seen in recent weeks.
What does this mean?
1. Rising Reserves on Spot Exchanges: Rising reserves indicate that more Bitcoin is being deposited on exchanges. This often signals an intent to trade or sell, creating potential selling pressure in the market. After a prolonged downward trend in reserves, this rebound can be an early indicator of short-term market volatility
Recent changes in Bitcoin metrics signal potential changes in market dynamics. Spot exchange reserves, which have been steadily declining as investors have been pulling BTC out of exchanges, recently saw a significant increase with an inflow of +20K BTC. At the same time, net flows across all exchanges turned positive (+15.8K BTC), reversing the mostly negative trend seen in recent weeks.
What does this mean?
1. Rising Reserves on Spot Exchanges: Rising reserves indicate that more Bitcoin is being deposited on exchanges. This often signals an intent to trade or sell, creating potential selling pressure in the market. After a prolonged downward trend in reserves, this rebound can be an early indicator of short-term market volatility
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Takers are buyers who accept the best price offered by the market. A rise in this indicator signals increased investor interest and increased buying pressure.
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Analyst: The highest unrealized profit/loss in 10 years was recorded at the level of $79,000.
Current levels at $90,000 represent a very strong support zone, with the lower range of this support set at $79,000.
Current levels at $90,000 represent a very strong support zone, with the lower range of this support set at $79,000.
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Stablecoins are rapidly growing
🔹 In just four years, the use of #stablecoins has sharply increased, raising their share of blockchain-based transactions from 3% to 50%.
🔹 This year, sales volume reached 5 trillion USD, with 1 billion transactions. Now, around 200 million accounts are served worldwide!
🔹 In just four years, the use of #stablecoins has sharply increased, raising their share of blockchain-based transactions from 3% to 50%.
🔹 This year, sales volume reached 5 trillion USD, with 1 billion transactions. Now, around 200 million accounts are served worldwide!
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Top#CryptoProjects by Fees and Revenue
#Tetherleads the way with $5.22 billion in fees, followed by $2.44 billion in fees and $19.74 billion in total revenue, showing its dominance.
#Tetherleads the way with $5.22 billion in fees, followed by $2.44 billion in fees and $19.74 billion in total revenue, showing its dominance.
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$IBIT net flow 591,930,624,887,44 ($56.50 million)
Traded volume: $1.4 billion
Traded volume: $1.4 billion