Discover more at binanceIn January, $BTC Ordinals faced a substantial 61% decline in sales, dropping from a record $868 million in December to $335 million, reflecting the impact of oversaturation in the nonfungible tokens (NFT) market. Anndy Lian, an intergovernmental blockchain expert, attributes this downturn to a "spoil-for-choices" scenario for buyers as new projects flood the space, with other blockchains like $SOL gaining traction.Simultaneously, cryptocurrency exchange $Binance played a pivotal role in safeguarding Ripple co-founder Chris Larsen's assets by freezing $4.2 million worth of $XRP . This action was in response to the $112 million hack on Larsen's personal wallet on January 31. Binance CEO Richard Teng expressed gratitude to on-chain investigator ZachXBT and the Ripple team for their collaborative efforts. The hacker refrained from using conventional methods like crypto mixers or decentralized exchanges, reflecting a broader trend among exploiters to avoid centralized exchanges to prevent asset freezes.Adding to the crypto landscape's intrigue, three individuals - Robert Powell, Carter Rohn, and Emily Hernandez - facing charges for orchestrating SIM swap attacks, have been linked to the $400 million hack of $FTX in 2022. The FTX hack unfolded just hours after the exchange filed for bankruptcy. U.S. federal prosecutors detailed the trio's modus operandi, involving the theft of identities from 50 victims and persuading telecom providers to port victims' numbers to their phones.This series of events paints a dynamic picture of the cryptocurrency ecosystem, showcasing challenges and responses within the rapidly evolving landscape.#Write2Earn #Bitcoin #NFT #Binance #XRP #SolanaReward #CryptokNews #BlockchainSecurity #SimSwapAttack#TrendingTopic #TradeNTell The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView