The cryptocurrency world is as exciting as ever before. Now, the GAS token, closely tied to the NEO blockchain, has recently shot up over 300% in just a week, hitting an impressive $28. This sudden rise has caught the attention of the crypto community, sparking curiosity about the factors driving this remarkable surge.What’s behind the GAS token’s meteoric rise? Is this the start of a new bull run for NEO? Or is there more to the story?All this and more ahead.What’s the Buzz About?GAS, acting as the utility token on the NEO blockchain, is crucial, serving as a fee for handling transactions on the network. Every time a new block of transactions is added, 5 GAS tokens are minted, giving it value within the NEO ecosystem.In a surprising twist, GAS’s price surged from $5.2 to an impressive $28.892 in just one week, marking a massive 300% increase. The main reason for this surge is linked to the GAS/KRW pair on the Upbit exchange, a major player in Korea.NEO’s Smart MoveOn October 27th, NEO’s founder, Da Hongfei, made a big announcement, revealing the creation of an Ethereum Virtual Machine (EVM)- compatible sidechain designed to resist Miner Extractable Value (MEV) manipulation.This move aims to make GAS even more useful within the NEO ecosystem. The news of GAS’s potential increased utility is likely a key reason for its sudden popularity.Upcoming EventsDespite NEO’s past popularity, it faced challenges attracting DeFi applications and currently holds the 52nd position in market cap at $933 million.Looking at the weekly chart, there’s a bullish spike that could lead to more buying, with a possible support level at $27.The upcoming Upbit D Conference on November 13, where Neo’s Head of Eco Growth, Jiachao Wang, will attend, is creating anticipation. This event is considered a contributing factor to the ongoing surge, adding excitement for investors and enthusiasts.Closing Thoughts: Heading Towards $50With GAS currently trading at $28.48, a market cap of $280,920,773, and notable trading volumes of $1,776,922,218, the mix of historical price action, recent announcements, and community sentiment suggests a potential milestone. The targeted price of $50 seems achievable as GAS continues to make waves in the crypto world with its impressive climb.

Poloniex exchange is suspected of being stolen, with potential losses exceeding $60 million and later confirmed to $100 million!The hacker transferred large assets, including #USDT , #BTC , #USDD , and #USDC , totaling over $42.83 million, with only $6.54 million currently frozen.Poloniex maintains a healthy financial position and plans to fully reimburse affected funds while also exploring collaboration with other exchanges for recovery efforts. The total losses for Poloniex (Ethereum+Tron) exceed $100 million.Justin Sun’s Poloniex exchange was suspected of being hacked. The exchange wallet was disabled for maintenance, and it has been revealed that assets worth over $100 million were stolen. The hackers managed to transfer large amounts of USDT, BTC, USDD, and USDC to other addresses before the wallet was disabled.Justine Sun Assures Investors of SafetyJustine Sun took his X (twitter) handle to confirm that the hack did occur but assures its investors that the platform maintains a healthy financial position. The exchange platform is committed to fully reimbursing all affected funds, and it is currently exploring opportunities for collaboration with other exchanges to facilitate the recovery of the stolen funds.Poloniex hack incident is a wake-up call to all cryptocurrency exchanges. Investors and traders must be vigilant in selecting their preferred exchange to minimize risks. Despite the hack, Poloniex is committed to fully compensating its affected investors, and the exchange platform’s future remains bright.#BTC #etf 5% Bounty to Hackers to Return FundsPoloniex has offered a 5% “white hat” bounty to the hacker responsible for the recent attack on its platform. The exchange has requested that the funds be returned to a number of wallets for ETH, TRX, and BTC. Poloniex has given a seven-day period for the hacker to consider the offer before involving law enforcement. The move is aimed at recovering some of the stolen funds and marks a growing trend among crypto companies toward incentivizing hackers to return stolen assets.

In the dynamic world of decentralized finance (DeFi), security is paramount. That’s where CurveLlama ($CRL) shines as a beacon of safety and reliability. Born from the innovative minds behind Curve Whales 🐳, CurveLlama is not just another DeFi project—it’s a movement towards a more secure and trustworthy financial future.🚀 Why CurveLlama?•Unparalleled Security: In a landscape often marred by exploits and fund drains, CurveLlama stands tall as a bastion of safety. Our commitment? No more exploits, no more drains. Your assets are protected with the most advanced security measures in the DeFi space.•Whale-Supported: Backed by the mighty Curve Whales 🐳, CurveLlama is more than just a project—it’s a testament to strength and stability in the volatile crypto market.•Global Community: Join our vibrant community on Telegram (t.me/curvellama) and stay at the forefront of DeFi innovation and news.🌐 The Future of DeFi is HereCurveLlama is not just about safeguarding your assets; it’s about revolutionizing the way we view DeFi. Our roadmap is filled with exciting features and expansions, constantly pushing the boundaries of what’s possible.💥 Get Your $CRL Tokens Now!•Now on PancakeSwap: Ready to become a part of the Llama family? $CRL tokens are now available on PancakeSwap. •Coming Soon: Stay tuned as we prepare to launch on some major exchanges. The future is bright for $CRL holders!🦙 Become a Llama Today!Join the CurveLlama movement and be a part of the DeFi revolution. With CurveLlama, your journey in the world of crypto is not just safer but also backed by the strength of the Curve Whales. Let’s make DeFi secure for everyone.🔗 Connect with Us:• Telegram & More Details on Website: Go : https://curvellama.online#CurveLlama #CryptoRevolution #SecureCrypto #PancakeSwap #Binance

Explore the revolutionary #BinanceSmartChain (BSC) and its native cryptocurrency, #BNB+3.74% ,as we navigate the realms of speed, efficiency, and innovation in blockchain technology. 1. Unlocking Potential with #BNB:Discover the multifaceted role of #BNBin fueling transactions, participating in token sales, and shaping the governance of Binance Smart Chain. 2. Empowering Features of Binance Smart Chain:From lightning-fast transactions to cross-chain compatibility and EVM support, delve into the standout features propelling BSC to the forefront of blockchain innovation. 3. Applications and Impact:Uncover the transformative impact of BSC in the realms of DeFi, NFTs, gaming, and decentralized applications, paving the way for a decentralized and democratized digital future. 4. Overcoming Challenges:Explore the ongoing journey of BSC as it addresses challenges and criticisms, striving for greater decentralization and security in its pursuit of excellence. 5. Charting the Future:With regular upgrades and a thriving community, witness the dynamic evolution of Binance Smart Chain, poised to reshape the blockchain landscape.Join the movement - #BinanceSmartChain is not just a blockchain; it’s a catalyst for positive change, fostering innovation and inclusivity in the decentralized realm. How do you envision the future impact of #BSC on blockchain technology and decentralized applications? #InnovationInAction