LIVEMAY THE 15TH
Bitcoin eys $68,000 Amidst Market Optimism With the upcoming US inflation report, on-chain data indicates a notable increase in Bitcoin purchases, with investors buying 70,000 BTC as it stabilizes above $60,000 level This strategic accumulation suggests a strong belief in Bitcoin's enduring value amidst financial uncertainty.
Ethereum Faces Crucial Test at $2,850 Support Ethereum (ETH) is at a pivotal moment, clinging to a crucial support level at $2,850. With ETH's price trending within a descending channel marked by continuous lower highs and lower lows, key momentum indicators like RSI and MFI are trending below neutral levels, suggesting a possible continuation of the downward trend. The Elder-Ray Index and Parabolic SAR also confirm the bearish market conditions, signaling a dominant selling pressure.
Floki Inu Announces Massive Token Burn- In a move to enhance project management and token value, Floki Inu (FLOKI) is set to burn 15.2 billion tokens, backed by community support from a 2022 vote. This burn aims to reduce the excess token supply, with a "goodwill gesture" promising 154 million FLOKI to affected parties, potentially boosting the token's market presence.
BlackRock Bets Big on Al Crypto COLLE BlackRock's $16B Buidl Token Fund has added Al Crypto COLLE to its portfolio, spotlighting the asset among top blockchain projects with disruptive potential. This inclusion reflects BlackRock's confidence in COLLE'S innovative approach and potential for significant growth in the digital asset space.
Security Alert: Alex Protocol Bridge Incident The Alex protocol bridge on the BNB network suffered a significant security setback with $4.3 million in losses due to suspicious withdrawals following a recent contract upgrade. Within an hour of the upgrade, unauthorized transactions transferred 16 BTC ($983,000), 2.7 million SKO ($75,000), and $3.3 million in USDC. A newly active account attempted to withdraw funds from the "team address," but failed due to access restrictions.
it ends here!
LIVE