Cross-chain bridge protocol Orbit Chain reports it has just been hacked. Although the exact cause is not yet known, Orbit Chain claims to have lost $81.5 million or the equivalent of IDR 1.2 trillion in crypto and stable coins. The loss is an accumulation of five different transactions, namely $50 million in stable coins (Theter, DAI, and USDC), $10 million in wBTC, and $21.5 million in Etherium. For information orbit chain is a multi-asset blockchain that focuses on transfers between different decentralized networks. Typically used to transfer assets between EVM and Klaytn compatible networks. source : Academy crypto#beritakripto #Cryptocurrrency #orbitchain

a meme-inspired cryptocurrency coin was launched called Shiba, which is claiming to be the "new King" whose price rose 3000% at the beginning of the month but has now fallen 84% from its peak. According to data from the Ethereum blockchain explorer Etherscan, although Shiba claims to be the "dogecoin killer" it is not registered On centralized crypto trading platforms such as Coin Base and Binance, trading volume surged to nearly $250,000 million during a 24-hour period on the popular decentralized exchange Uniswap. As announced by CryptoGlobe when the price of Shiba surged, this price increase was related to low liquidity. Ethereum blockchain data shows that 28,200 transactions have occurred and have a total of 2047 holders#cryptonews #cryptocurrency #shiba $SHIB

Solana (SOL) has experienced tremendous growth in recent weeks, outpacing its peers in the crypto market. According to data from Messari, Solana's market capitalization soared 60% solidifying its position among the Big Ten crypto assets. This occurred during a challenging period for Solana holders struggling to maintain support at the $20 level, given the significant drop to $8 following the FTX exchange crash in 2018. November."The token price of the main ecosystem store has recently experienced an increase. Solana in particular has experienced an increase of up to 55% in the last month". said Messari. $SOL #cryptonews #cryptocurrency #solana

cardano over time has become the spotlight of big players. This increase in popularity is due to Grayscale finding a new way for institutional investors to gain exposure to Cardano. On Tuesday, October 24, Grayscale Investment announced that it was bringing five new crypto indexes to the market. These five indexes allow institutional investors to gain exposure to assets in this industry without having to bother buying actual coins. Of the five indexes announced, Cardano is one of the smart contract platforms currently being explored. clearly this adds to the existing exposure for institutional investors through grayscale Investments via the 'grayscale smart contract platform EX-Ethereum fund'. This fund has seen Cardano maintain a dominance of 24% something that will probably be replicated in the latest indices #cryptonews #cardano #cryptocurrency

$BTC reached its highest price of US$ 35,000 or around Rp. 555.4 million for the first time since May 2022. This was supported by positive sentiment towards Bitcoin exchange-traded funds and a move to safe funds which caused a spike in short-term liquidations. On Tuesday , Bitcoin rose 7.97% to US$33,900, according to Coin Metrics. Meanwhile on Monday evening the price reached US$ 35,113, the highest level since May 8 2022. Bitcoin is now up 104% from the start of the year and 105% from its lowest level in 2022. According to CNBC.com, this rally was partly triggered by investors betting against the asset cryptocurrencies are scrambling to cover short sale positions, in other words, a short squeeze. Bitcoin experienced short liquidations worth US$275.45 million on Sunday, followed by another US$100.44 million on Monday, according to crypto data provider CoinGlass. "The real catalyst that pushed Bitcoin above US$34,000 was short liquidations worth US$ 167 million, mainly on overseas exchanges," Ryan Rasmussen, analyst at Bitwise Asset Management, told CNBC, quoted Wednesday, (25/10/2023). "I don't think anyone predicted the level of price action we saw, and "investors who shorted Bitcoin in the range of US$ 33,000 plus definitely felt the impact of the shock," he added. This move also raised the market value of other cryptocurrencies. Ether and Ripple's XRP each rose about 4%, while Solana tokens added 2%. Crypto equities also got a boost with Coinbase and Microstrategy up 6.3% and 12.6% respectively. Coinbase was up double digits at one point throughout the day, along with the biggest mining stocks. Digital Marathon ended the day up 11.5% and Riot Platforms rose 10.3%. Last week, the SEC declined to appeal the court's decision due to a critical deadline in Grayscale's lawsuit against it, fueling hopes that a Bitcoin-linked ETF could be approved within a few weeks. next month.Momentum builds as companies in Bitcoin ETFs update their filings and major investors like Ark's Cathie Wood and Galaxy's Mike Novogratz emphasize that the SEC's tone has changed and it is now engaging positively with the industry. Bitcoin ETFs will give investors a way to gain exposure to Bitcoin price movements without directly owning the cryptocurrency. Bitcoin is considered a highly volatile asset and its price fluctuations are unpredictable. Major financial institutions such as BlackRock, Invesco, Fidelity, and Grayscale have pushed for Bitcoin ETFs and applied to sell the asset, describing it as a safer investment option compared to direct crypto investments which is known for its speculative nature and price volatility.Coinbase told CNBC this week that it is confident that its US Bitcoin exchange-traded fund will be approved by the US SEC.#BinanceSquare #bitcoin #cryptonews