Bitcoin’s $30k price spike liquidates over $170M

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North Korean Lazarus Group tries to phish Euler exploiter

Ad A wallet connected to the Ronin bridge exploiter sent 2 Ethereum (ETH) — worth $3,586 — to Euler Finance (EUL) hacker on March 17, according to on-chain data. The transaction was attached with a message urging the Euler Finance hacker to decrypt an encrypted message. Polygon’s chief information security officer Mudit Gupta said the…

Cream Finance exploiter moves $3.3M ETH in January

Blockchain analytical firm Peckshield tweeted that the Cream Finance (CREAM) exploiter transferred 365.7 ETH — worth $600,000 — to an unknown centralized crypto exchange TradeOgre on Jan. 30. The exploiter had transferred 2,070 Ethereum — roughly $3.3 million — to the same platform since Jan. 9, according to Etherscan data. The exploiter was moving funds…

Crypto market liquidation tops $200M in 24 hours

After a weeklong rally that pushed Bitcoin (BTC) value above $23,000, the crypto market experienced a significant sell-off in the last 12 hours that liquidated $183.99 million, according to Coinglass data. Total liquidations over the last 24 hours stood at $223.43 million as of press time. Of these liquidations, 90.29% occurred on traders who took…

Ethereum developers deploy Shanghai upgrade ‘shadow fork’

Ethereum (ETH) core developers successfully launched the shadow fork for the Shanghai update on Jan. 23. Ethereum developer Marius Van Der Wijden said that the shadow fork started with a few issues because they didn’t correctly apply the configuration on Go Ethereum (GETH) — an Ethereum execution client. However, when the corrections were made, all…

Porsche NFT collection floor price collapses post-launch

Porsche’s NFT collection fell below its 0.911 Ethereum (ETH) — roughly $1,500 — mint price to 0.88 ETH ($1440) a few hours after its launch on Jan. 23, according to OpenSea data. The iconic carmaker drew the ire of the crypto community, who severely criticized its high mint price and described its sales strategy as…

CryptoSlate Daily wMarket Update: Crypto market unshaken despite Genesis bankruptcy

The cryptocurrency market cap saw net inflows of $11.64 billion in the last 24 hours and currently stands at $976.82 billion — up 1.19% from $965.18 billion. Bitcoin and Ethereum’s market cap grew 1.06% and 1.94% to $404.19 billion and $189.82 billion, respectively, over the past day. The top 10 cryptocurrencies posted gains over the…

Ethereum mainnet hits record-breaking 32B weekly gas expenditure

Ethereum (ETH) Layer 2 (L2) networks spent a record-breaking 32 billion gas — a year-on-year increase of 22.8% — to validate transactions and activate bridges between Jan. 9 and Jan. 15, according to Dune Analytics data. Source: Dune Analytics Optimism (OP) contributed around 50% of the gas spent — with a seven-day moving average of…

Alameda liquidator lose $11.5M in 2 weeks in liquidations

Alameda Research liquidators incurred a total loss of around $11.5 million over two weeks after taking over a single wallet of the bankrupt firm, Arkham Intelligence reported on Jan. 16. Over $4 million of these losses could have been prevented if the liquidators had closed the firm’s position instead of withdrawing collaterals, according to the…