On March 15, Mozaic Finance, a decentralized finance (DeFi) protocol operating on the Arbitrum network, fell victim to an exploit, as confirmed by the project’s development team. The attacker utilized a vulnerability to siphon funds, transferring them to the centralized exchange MEXC. The team remains optimistic about fund recovery through legal channels.CertiK’s report highlighted that the attacker compromised a private key to access the bridgeViaLifi contract, allowing unauthorized transfers of funds. Blockchain data revealed a transfer of stablecoins, with over $2 million redirected to various accounts. Mozaic Finance developers expressed confidence in the potential recovery of the stolen funds, as…
Author: Web3 Daily Press Staff
Chainlink’s (LINK) financial trajectory is turning heads, as its Cross Chain Interoperability Protocol (CCIP) revenue has soared by 180% in two months. This surge, driven by the escalating adoption of its multichain bridging platform, positions LINK for a potential climb to the $200 mark. Is Chainlink (LINK) Price Poised for 10X Surge? In a financial upturn, CCIP’s fee revenue leaped from approximately $61,728 in January to an impressive $174,000 in the first half of March. Dune Analytics reports that since its launch in July 2023, the protocol’s total revenue has hit $380,818. Analyzing fee contributions, the Ethereum layer-2 protocol Arbitrum…
Unleash Rewards with SpaceCatch x Galxe Campaign: Dive into weekly tasks, earn points, and grab your golden ticket to exciting adventures.SpaceCatch, one of the most prominent players within the GameFi industry in 2024, just launched a new campaign platform partnered up by Galxe.Besides other limited free tasks, the new and exciting campaign runs on weekly-based tasks, rewarding its Catchers with points that can be used later in the game.Unleash Your Success with Galxe’s Rewarding Points!The more points you earn, the higher the rewards will be, so be sure to jump on this train and catch your golden ticket to significant…
Bitcoin Cash (BCH) gets a bearish rating from InvestorsObserver Friday. The Digital Money asset is down 9.89% to $400.36 while the broader crypto market is down 7.19%. Bitcoin Cash has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Bitcoin Cash! The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip. Bitcoin Cash price is currently below support. With support set around $419.22 and resistance at…
BNB’s price has risen by 19% in the last seven days. Due to the general market decline in the past 24 hours, BNB’s futures open interest witnessed a slump. Binance Coin [BNB] has defied the current market slump, surging by almost 20% in the past week. According to CoinMarketCap’s data, this has made it the crypto asset with the highest growth among the top four cryptocurrencies by capitalization. Demand for BNB lingers At press time, a BNB coin sold for $550. Due to its positive correlation with Bitcoin [BTC], BNB’s price dropped by 5% in the past 24 hours following…
While waiting for the United States Securities and Exchange Commission (SEC) to make a decision on its spot Ethereum ETF application, asset management firm Grayscale Investments has updated its filing with the watchdog. Grayscale’s Application Faces Postponement According to an X post by Grayscale’s chief legal officer Craig Salm, the firm amended its Form 19b-4 for the Grayscale Ethereum ETF. Salm acknowledged that the recent development is another move towards the effort to uplist Grayscale Ethereum Trust (ETHE) to NYSE Arca. In his opinion, investors need access to Ethereum in the form of spot Ethereum ETFs as much as they…
Analysts from private wealth management firm, Bernstein have reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025. Bitcoin $150,000 Price Forecast Grows StrongerBernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s exponential surge to new all-time highs at around $150,000 by mid-2025. The analyst’s statements were a reiteration of their earlier Bitcoin forecast in November 2023, when they predicted the price of Bitcoin to surge to $150,000.At the time, Bitcoin was trading around a price of $35,000, putting…
When the spot exchange-traded funds (ETFs) were set for release in early 2024, the main metric many looked at to differentiate the many options was the expense ratio or the amount of fees charged by the ETF sponsor. For some, the fees were relatively low, but others, such as Grayscale Bitcoin Trust (GBTC), were high.This difference became apparent when GBTC began experiencing huge outflows after its ETF was converted from a futures-linked ETF to a spot ETF. Many who had invested in GBTC when it was futures-linked were selling their shares and flocking to the newer and cheaper ETFs. Investors…
Just as the market experienced a considerable spike early this month, tokens could begin to see a drop soon due to the market stabilizing itself. A top crypto analyst has noted that while losses are bound to happen, an intelligent investor at this point should begin seeking out presale tokens for further long-term investment.The Kelexo (KLXO) token is now selling for only $0.04 and is the token of choice for holders of Ethereum Classic (ETC) and Litecoin (LTC). As all intelligent investors know, getting into the presale of tokens as early as possible is where heavy revenue is gained. The…
Shiba Inu Price: Failing to reach the $3 Trillion market cap, the crypto industry takes a hit this week. With a sudden fall in Bitcoin price under $68,000 the meme coin industry is under a sell-off phase. Amidst the correction, the SHIB price shows a rise in selling pressure and a bearish wedge in play. Will the meme coin bounce back or is further correction underway? Also Read: Shiba Inu Coin: SHIB Burn Meteoric Rise Signals Imminent Rally to $0.00004Healthy Retracement Keeps SHIB Price Bullish Shiba Inu Price| TradingviewBeing the second highest-ranking meme coin in the crypto industry, the Shiba Inu price…