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💵 Gala Games Faces $200M Security Breach Gala Games, a blockchain gaming platform, has been struck by another security breach. Around $200 million worth of $GALA tokens were minted and systematically sold by a rogue Gala Games admin address. According to on-chain movements, tokens worth $200 million were being exchanged for ETH. More use of decentralized systems would help prevent such exploits. However, this is not actually the first security breach for GALA; back in 2021, the platform suffered a loss of $130 million. The scammers impersonated the Gala Games official X platform profile to promote a fake token migration event. Gala Games’ endless security breaches show the need for critical and secure security measures and, most importantly, the use of decentralized systems within the gaming industry to protect users and maintain trust. #GALA

💵 Gala Games Faces $200M Security Breach


Gala Games, a blockchain gaming platform, has been struck by another security breach. Around $200 million worth of $GALA tokens were minted and systematically sold by a rogue Gala Games admin address. According to on-chain movements, tokens worth $200 million were being exchanged for ETH.

More use of decentralized systems would help prevent such exploits. However, this is not actually the first security breach for GALA; back in 2021, the platform suffered a loss of $130 million. The scammers impersonated the Gala Games official X platform profile to promote a fake token migration event.

Gala Games’ endless security breaches show the need for critical and secure security measures and, most importantly, the use of decentralized systems within the gaming industry to protect users and maintain trust.

#GALA

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⚡️ Bitcoin's New ATH May Be Only Two Weeks Left! Analyst Announces the Events That Will Take BTC to ATH! While Bitcoin reached a new ATH in March, breaking its previous ATH of $69,000, it subsequently fell sharply. While the selling pressure of long-term investors was effective in these declines, recent data indicating that the selling pressure in BTC has decreased has increased bullish expectations. At this point, while investors are waiting for a new ATH from BTC in the short term, 10X Research founder Markus Thielen, who is very successful in his predictions, announced the events that will take Bitcoin to the new ATH. Pointing out that June inflation data is important for Bitcoin, Thielen claimed that if CPI data is 3.3 percent or lower, BTC will reach a new ATH. Stating that spot ETF inflows, apart from US inflation data, remain strong will have a positive impact on the price increase, Thielen said that he believes that spot Bitcoin ETF inflows will “remain strong” in these two weeks before the June CPI results are announced. According to Thielen, if the CPI data is higher than expected, the upward momentum in Bitcoin may weaken. 💬 “Bitcoin price movements may seem random to most people, but there are no random movements in BTC price. Everything depends on critical drivers and the main driver for BTC is inflation. At this point, traders who know how Bitcoin reacts to CPI data should have confidence in trading in the opposite direction of the CPI change from the previous month. “If inflation reaches 3.3 percent or lower in June, Bitcoin could hit an all-time high.” $BTC #BTC
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🔥 5 Cryptocurrencies With Hidden Bullish Potential 🔸 Decentraland (MANA) Decentraland, one of the overlooked NFT tokens, once ignited a massive bullish momentum within the entire crypto space. Along with SAND, the MANA price revitalized the NFT sector, leading to the emergence of many intriguing coins. Currently, the price is closely consolidating within a very narrow range but has maintained an ascending trend. 🔸 Pyth Network (PYTH) Pyth Network has been struggling within a deep bearish trend and has reached below its crucial support zone. Although the bulls are showing some strength, the bears seem equally capable of restricting excessive bullish activity. As long as the prices trade below $0.51, the token can be considered to be in an accumulation zone. 🔸 Sei (SEI) Sei has gained significant attention recently, with its price soaring by more than 600% to reach above $1. However, the rally turned in favor of the bears for a while, and the token has been trading sideways. This indicates that bulls and bears are maintaining equal strength as they defend their respective resistance and support levels. Following tremendous compression, the SEI price may break out and begin a new uptrend soon. 🔸 Fantom (FTM) Fantom’s price has been trading within an expanding rising channel, and after defending the lower support zone, it triggered a fresh rise. Despite a recent downturn, the bulls have shown vigor, indicating the possibility of a solid upswing. The price is quite close to $1, and a slight bullish push could take the levels above this region. 🔸 Ethena (ENA) After facing a significant pullback from its highs, the ENA price traded within a falling wedge. Following a breakout, the levels have risen to some extent. However, the price is currently undergoing a small pullback, indicating that the token is approaching the end of its retracement phase. Beyond this, a steady rise may be on the horizon, potentially lifting the ENA price back towards its highs. $ENA $SEI $PYTH #MANA #FTM
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🤔 RNDR Price Hovers Near $10: Can It Resume The Bull Run? Render (RNDR) price took support at the 20-day EMA mark and stayed close to the $10 mark. For the past few sessions, the token remained in a range and witnessed range-bound moves. However, the token sustained a bullish trajectory and is above the significant moving averages. If the token breaches the neckline hurdle of $11.50, it will reach the supply region of $13 shortly. In a recent tweet by Crypto Tony, the RNDR token price is near its range support mark of $9.80; below it, the bulls will lose their strength. 💬 Hold $9.80 is key for the bulls. Losing that and i will close my short term long — Crypto Tony At press time, the Render token price traded at $10.04 with an intraday drop of 1.23%, reflecting neutrality on the charts. It has a monthly return ratio of 28.38% and a yearly return ratio of 293.20%. 🔸 Could Render Price Skyrocket Above the $12 Mark? After a sharp uptick of over 52% this month, the buyers have paused, with the price consolidating in the last few trading sessions. Still, the token trades are in an uptrend and look bullish. The bullish trend remained intact until the downside mark of $9.20 was not breached. Conversely, a sharp upsurge may be seen if the buyer succeeds in breaking the $12 mark. Amidst the crypto market recovery, Render price action conveys the range-bound moves and stays close to the crucial support mark. The Momentum Indicator (RSI) curve stayed in the overbought zone and witnesses a negative chart divergence. 🔸 Price Volatility and Weighted Sentiment Outlook The price volatility curve spiked over 12% to 0.016, but the price remained narrow, which meant a dilemma among the investors. The weighted sentiment data remained neutral and stayed below the midline region, noting around the -0.403 mark, which means the investors are not looking confident. 🔸 What’s the Next Move for Render (RNDR)? The Render token price saved gains near the $10 mark and might reflect a retracement toward the $9 mark in the upcoming sessions. $RNDR #RNDR
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👀 Vitalik Buterin Reveals Features He Regretted When He Built Ethereum Vitalik Buterin, Ethereum co-founder and chief architect of the project, made a surprise appearance at the last event held at ETHBerlin. His unexpected debut and candid reflections on Ethereum's initial design attracted the attention of more than 600 developers. Buterin's speech not only brought back memories of Ethereum's beginnings in 2014, but also offered insight into the future of the cryptocurrency, which is now worth $448 billion. This comes at a time when the US has approved a spot Ethereum exchange-traded fund and BlackRock, the world's largest asset manager, has launched its own tokenized fund on the blockchain. Despite Ethereum's increasing mainstream penetration, Buterin noted that it is still often misunderstood. “The simple explanation is that Bitcoin is digital gold,” Buterin said. However, he argued that ETH does not have such a simple definition. During his chat with ETHBerlin organizers Afri Schoedon and Franziska Heintel, Buterin talked about his memories in Berlin and his experiences with Ethereum co-founders Gavin Wood and Jeffrey Wilcke. When Schoedon asked how he would rebuild Ethereum from scratch with his current knowledge and experience, Buterin first pointed out the problems with Ethereum's Virtual Machine (EVM). He explained that the original EVM design used 256-bit processing rather than the more efficient 64- or 32-bit. “The original design was too well suited for 256-bit,” Buterin told the audience. Buterin also expressed his regret about the switch from Proof of Work consensus mechanism to Proof of Stake in 2022. He stated that he believed that a simpler version of Proof of Stake could have been implemented sooner, saving a significant amount of computing resources. “If we had a much simpler proof-of-stake in 2018, we could have saved a huge amount of trees,” Buterin said. Buterin also said that now Ethereum would use SHA-2 for its encryption instead of the current encryption called Keccak. $ETH #ETH #Ethereum #VitalikButerin
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📣 Aptos Integrates Chainlink's CCIP and Data Feeds to Boost Decentralized App Development AUSTIN, TEXAS – Layer-1 blockchain Aptos (APT) said Thursday that it is integrating real-world data provider Chainlink's (LINK) Cross-Chain Interoperability Protocol (CCIP) and data feeds as part of joining Chainlink's SCALE program. The expansion, announced at a panel discussion at Consensus 2024 in Austin, aims to help developers on Aptos to build decentralized applications (dApps) on the network. The collaboration would make Aptos the first Move-based blockchain integrating Chainlink's services, the press release claims. As the number of independent blockchains are proliferating, communication between the different networks is posing a challenge to the digital asset economy. Chainlink is one of the key projects working on connecting these systems streaming data between them and the outside world. For example, its CCIP software played a key role in Chainlink's partnership with SWIFT, a global closed banking messaging system. Aptos, founded by former employees of Facebook parent company Meta, is a blockchain that focuses on low-cost transactions and high throughput. It was built with the Move programming language, the basis of Meta's shuttered crypto project Diem. "Joining the Chainlink SCALE program will empower developers on Aptos with new and increased access to Chainlink services, expanding the toolkit of resources on Aptos available to help them build secure, scalable, and fully-featured dApps” said Bashar Lazaar, grants and ecosystem lead at Aptos Foundation, the ecosystem development organization supporting Aptos. $APT #APT #APTOS
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