Cryptocurrency

Saylor’s tweet contains an AI-generated image with an image of a physical Bitcoin and bees, stating: “Bitcoin is a Swarm of Cyber Hornets.”Certain macroeconomic factors have influenced this sudden Bitcoin price decline. The personal consumption expenditures (PCE) price index faced a small rise of 0.25% in April, after a 12 month change of 2.75% — that proved to be a three-year low for this metric.Even though this was in line with analysts’ expectations, Bitcoin still went down by 2.14% in three consecutive red candles, from $68,608 to the $67,712 level. Today, a small rebound took place, pushing the largest crypto up slightly.As reported by U.Today, major Japan-based cryptocurrency exchange DMM Bitcoin has faced a massive hack with more than $300 million worth of crypto taken away by anonymous hackers — 4,502 BTC.According to data provided by Chainalysis, this was the largest hack of a crypto trading platform since 2022 and the seventh biggest one in history of the crypto industry.This article was originally published on U.Today More

This substantial influx from high-net-worth individuals and institutional investors marks a significant development in cryptocurrency, reflecting growing confidence in Bitcoin’s long-term potential.Bitcoin whales are typically defined as individuals or entities holding large amounts of BTC with an addition in this category of addresses this year.Notably, this new inclusion of whales has collectively brought around $100 billion into the Bitcoin market since the beginning of the year.The $100 billion inflow represents a larger trend of accumulation, which saw $1 billion added daily to new whale wallets.In a May 31 X post, CryptoQuant founder Ki Young Ju drew parallels between the current market activity and the patterns observed in mid-2020. Back then, a similar phase of whale accumulation preceded a bull run that saw Bitcoin’s price reach $69,000 in 2021.The current scenario suggests that history may be echoing itself, with high on-chain activity and daily additions of $1 billion to new whale wallets.The implications of this trend are manifold. For one, it indicates a heightened market interest and potential bullish sentiment among investors.Despite the low levels of price volatility, the significant movement into BTC by these whales could be setting the stage for another rally. Analysts are closely watching Bitcoin’s price resistance around $72,000, with predictions that overcoming this threshold could lead to new all-time highs, possibly around $75,000.When writing, BTC was down 0.25% in the last 24 hours to $67,734. The price of Bitcoin (BTC) has traded in an exceptionally tight trading range of around $68,000 since the past week but declined to near $66,584 on Friday.This article was originally published on U.Today More

The Penguiana project, a penguin-themed meme coin built on the Solana blockchain, has achieved a remarkable milestone, hitting an all-time high fully diluted valuation of $4 Million and currently sitting at a market cap of over $2.5 million, according to Dexscreener.This significant growth underscores the strong confidence and community enthusiasm as the team prepares to launch the GUIANA NFTs.Penguiana’s Market Surge and Strategic GrowthFollowing its successful presale and the launch of the $PENGU token on Raydium, Penguiana has continued to expand its market presence as the project’s strategic initiatives and robust community engagement have been central to this impressive growth.Upcoming GUIANA NFT Mint: Enhancing Gameplay and Token UtilityThe Penguiana team has recently provided more details about the anticipated GUIANA NFT mint, which will play a pivotal role in the project’s play-to-earn game.These 1000 unique 3D penguin NFTs will allow players to earn $PENGU tokens and other in-game rewards, further enhancing the user experience.GUIANA NFT Details:Preparing for the GUIANA NFT MintSolana enthusiasts and gamers looking forward to the GUIANA NFT mint should consider the following steps:Set Up a Solana-Compatible Wallet: Users are advised to use wallets like Phantom, Solflare, or Sollet to store both $PENGU tokens and NFTs securely. They can purchase $SOL from an exchange such as Binance or Coinbase (NASDAQ:COIN), and then transfer the acquired $SOL to their Solana wallet.Acquire $PENGU Tokens: These tokens are essential for minting the NFTs and are available on Raydium, Dexscreener, or Birdeye. A guide is available on how to buy $PENGU tokens.Stay Updated: Follow Penguiana’s social media and communication channels for the latest information on the minting process and other updates.The Value of Penguiana and GUIANA NFTsPenguiana and the upcoming GUIANA NFTs present a unique opportunity within a growing ecosystem where digital assets offer tangible utility. As the project continues to develop, the potential for $PENGU tokens and GUIANA NFTs to increase in value is significant, especially with the planned game developments and NFT integration.About PenguianaPenguiana is more than just a meme coin; it’s a pioneering project on the Solana blockchain that integrates the fun of meme culture with the potentiality of profitability and engagement of a play-to-earn blockchain game. Utilizing Solana’s high throughput and low transaction costs, Penguiana aims to provide a seamless and immersive gaming experience that rewards its players.Penguiana CommunityPenguiana invites crypto enthusiasts, gamers, and NFT collectors to join this project:Website: https://penguiana.comTwitter: https://twitter.com/penguianaonsolTelegram: https://t.me/penguianaDiscord: https://discord.com/invite/y7M3yDFjUtContactTeam LeadZan KowalskiPenguianacontact@penguiana.comThis article was originally published on Chainwire More

MANTRA, one of the world’s leading projects in the real world asset (RWA) tokenization sector of the digital assets industry, announced a major onchain product. This landmark event will feature two of the biggest players in the RWA space building deep liquidity support for RWA tokenization, an area of decentralized finance (DeFi) that has seen significant institutional interest this year. MANTRA will feature Ondo’s flagship interest-bearing tokenized note, USDY, as a genesis asset when its blockchain debuts, expected later this year. USDY provides holders with exposure to short-term US Treasury yield while maintaining the utility of stablecoins. (NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act.)To celebrate this liquidity landmark, both the Ondo Foundation and MANTRA will incentivize a multi-chain vault, providing users who contribute USDC to the vault with immediate access to high-quality yield. Users who remain in the vault until MANTRA Chain’s mainnet launch will receive ONDO tokens and mainnet OM coins in addition to the underlying yield. The duo expect the vault to open to the public in June on Ethereum and Base.Join the WaitlistTo prevent the dilution of returns as participation grows, MANTRA and the Ondo Foundation have structured a ratcheting schedule of increasing rewards to be paid out as community participation milestones are met.MANTRA aims to bring DeFi composability and institutional-grade finance together onchain. USDY’s robust features include overcollateralization, third-party oversight and institutional-grade investor protections, making USDY a keystone asset for the burgeoning RWA ecosystem.Ondo Foundation is a Cayman Islands Foundation Company whose mission is to usher in a new era of financial inclusivity and market efficiency through onchain institutional-grade financial products and services. Ondo Foundation is a nonprofit with no beneficial owners.About Ondo FinanceOndo Finance provides institutional-grade, blockchain-enabled investment products and services. Ondo has an asset management arm that creates and manages tokenized financial products as well as a technology arm that develops decentralized finance protocols and other blockchain solutions. Ondo USDY is supported by both the Ondo Foundation and Ondo Finance. About MANTRAMANTRA is a security-first RWA Layer 1 Blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.Website | X | LinkedIn | Telegram | Medium | InstagramContactMarketing LeadChristoph Lidmanpress@mantrachain.ioThis article was originally published on Chainwire More

A lot of these withdrawals were from Kraken, a major centralized exchange based in the United States. Interestingly, Kraken allows the facilitation of many transactions in Tether (USDT) and Bitcoin, both directly and through over-the-counter (OTC) trades. This specification may suggest that large investors, or whales, are moving their assets, likely to various exchange pools or for potential use in ETFs.This activity comes as the U.S. SEC has advised potential issuers of spot Ethereum ETFs to submit their amended Forms S-1 by today. The regulator will start its review process, which could lead to further amendments and possibly the approval of these financial products.The large withdrawals and the SEC’s recent actions are seen as positive indicators for the market. When big money move Bitcoin off of exchanges, it often means they are choosing to hold their assets for the long term, which shows they have confidence in the cryptocurrency’s value.Also, the potential introduction of spot Ethereum ETFs soon could attract more institutional investors, which would make the market more legitimate and appealing.While there is still some uncertainty, the overall outlook is optimistic. These significant Bitcoin withdrawals, combined with regulatory progress, suggest a strengthening market environment for cryptocurrencies.This article was originally published on U.Today More

The exchange confirmed the incident but did not explain how the assets were stolen. DMM Bitcoin abruptly froze most of its services, including deposits, withdrawals, and trade of almost all cryptocurrencies.”At approximately 1:26 p.m. on Friday, May 31, 2024, we detected an unauthorized leak of bitcoin from our wallet,” DMM Bitcoin stated. The announcement, originally in Japanese, was translated into English and posted on the company’s website.The exchange reported that 4,502.9 bitcoin, worth roughly $306 million, had been taken in the breach. DMM Bitcoin assured its clients that their bitcoin deposits would be fully reimbursed. “Please rest assured that all of your bitcoin deposits will be fully guaranteed, as we will procure the equivalent amount of BTC that was leaked with support from our group companies,” the statement read.In a blog post on its website, DMM Bitcoin reiterated that measures had been taken to prevent further unauthorized outflows. The exchange has restricted all spot purchases on the platform and warned that Japanese yen withdrawals might take longer than usual due to the incident.In 2018, rival exchange Coincheck suffered one of the biggest hacks in the industry’s history, losing about $534 million worth of NEM (XEM) from its hot wallet. At the time, the Monex Group’s subsidiary spent several weeks trying to identify the attackers and understand how the hack occurred. The Coincheck hack had extensive repercussions for both the company and the broader Japanese cryptocurrency industry. Moreover, its reputation was severely damaged due to the hack. Besides the financial losses, the company faced widespread criticism for its inadequate security measures and failure to safeguard user funds.  More

The proposal received a super majority consensus from EOS Network block producers and is set to be deployed on June 1, according to a press release. Key features of the new model include a transition from an inflationary token supply with a 10 billion maximum cap to a fixed supply of 2.1 billion tokens. This should help eliminate inflation and establish a more predictable economic environment. Moreover, the Fully Diluted Value (FDV) of EOS will be reduced by 80%, which is expected to enhance the long-term value for EOS holders.The model also introduces four-year halving cycles to control the release of new tokens into the market. Funding will be allocated to support middleware operations, focusing on improving the usability of EOS to bridge the gap between web2 and web3 experiences.An allocation of 350 million EOS will be set aside to support the RAM market, ensuring ample supply and liquidity provision. The RAM market currently has a cap of $300 million.Furthermore, high-yield staking rewards and adjustments to the staking lockup period will be introduced to incentivize long-term commitment and active participation in the network.Yves La Rose, Founder and CEO of the EOS Network Foundation, stated that the new tokenomics model represents a major milestone for the EOS community. He believes the changes will stabilize the token economy and promote active participation and growth within the network.”The new model effectively aligns the interests of various actors within the EOS ecosystem. By introducing protocol-level yield and establishing a network treasury, we are creating a framework where incentives are designed to support positive long-term growth,” La Rose told Investing.com.“This new structure encourages stakeholders to lock up their EOS, contributing to network stability and fostering a collaborative environment aimed at driving innovation and prosperity for the entire community.”Established in 2021, the EOS Network Foundation supports an open technology environment through stakeholder engagement, community programs, and ecosystem funding. The EOS Network is a third-generation blockchain platform powered by the EOS VM to enable near-feeless transactions and support Web3 applications.In 2022, EOS, Telos, WAX, and UX Network joined forces to take control of the development of the EOSIO protocol core code, which supports each of these blockchains. As part of this alliance, the coalition now leads the development of the community-run blockchain protocol known as Antelope. More

In a new tweet, the Bitcoin Core development team has announced that the new release candidate, v27.1rc1, is now available for testing.This marks a significant step forward following the launch of version 27.0 in mid-April. Release candidates are test versions for releases. When no critical problems are found, this release candidate will be tagged as v27.1.The new release candidate marks a continued effort to enhance the Bitcoin protocol, ensuring its robustness, security and efficiency.Bitcoin Core v27.0 brought with it a host of improvements, including new features, bug fixes, performance enhancements and updated translations. It was a significant update that bolstered the functionality and security of the Bitcoin network. Now, v27.1 aims to build upon this foundation with further refinements and optimizations.This milestone comes as the development team behind Bitcoin Core continues to roll out updates that are thoroughly tested and reviewed.The release candidate phase is a critical part of this process, allowing developers and users to test the new version in various environments and provide feedback. This collaborative effort ensures that any potential issues are identified and resolved before the final release.As the testing phase progresses, the community eagerly awaits the v27.1 final release, anticipating the new features and improvements it will bring to the Bitcoin network.This article was originally published on U.Today More