🗞 CryptoNews of the Day 🗞
TON Blockchain Faces Surge in Phishing Attacks Amid Rapid Growth: SlowMist: The Open Network (TON) is grappling with an increase in phishing attacks amid its explosive growth in 2024, according to Yu Xian, founder of the blockchain security firm SlowMist.
👉Details: https://coinmarketcap.com/academy/article/ton-blockchain-faces-surge-in-phishing-attacks-amid-rapid-growth-slowmist
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Trump Could Speak at Bitcoin 2024 Conference in Nashville: According to a report from Axios, Republican candidate and former President Donald Trump might be making an appearance at Bitcoin 2024 in Nashville this July.
👉Details: https://coinmarketcap.com/academy/article/trump-could-speak-at-bitcoin-2024-conference-in-nashville
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Pantera Capital Launches New Fund for Toncoin Investment: Crypto venture capital firm Pantera Capital is raising funds for a new investment vehicle named the "Pantera TON Investment Opportunity."
👉Details: https://coinmarketcap.com/academy/article/pantera-capital-launches-new-fund-for-toncoin-investment
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MakerDAO Governance Delegate Loses $11 Million in Phishing Scam: A MakerDAO governance delegate has lost $11 million worth of Aave Ethereum Maker (aEthMKR) and Pendle USDe tokens due to a phishing scam.
👉Details: https://coinmarketcap.com/academy/article/makerdao-governance-delegate-loses-dollar11-million-in-phishing-scam
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CoinStats Suspends User Activity Following Security Breach Affecting 1,590 Wallets: Cryptocurrency portfolio manager CoinStats announced a security breach that impacted 1,590 crypto wallets.
👉Details: https://coinmarketcap.com/academy/article/coinstats-suspends-user-activity-following-security-breach-affecting-1590-wallets
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Aptos Labs Partners with NBCUniversal for Web3 Fan Experiences: Aptos Labs and NBCUniversal have inked a long-term development agreement to bring innovative Web3 fan experiences, customer loyalty programs, and gaming to the entertainment giant.
👉Details: https://coinmarketcap.com/academy/article/aptos-labs-partners-with-nbcuniversal-for-web3-fan-experiences
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Jupiter Co-Founder Proposes Major Tokenomics Overhaul, 30% Cut to Supply: Pseudonymous co-founder of Jupiter, known as Meow, published a draft proposal to alter the tokenomics of JUP, the native token of the Solana-based decentralized exchange aggregator.
👉Details: https://coinmarketcap.com/academy/article/jupiter-co-founder-proposes-major-tokenomics-overhaul-30percent-cut-to-supply
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German Government Begins Massive Bitcoin Sell-Off, Sparking Market Jitters: The German government has commenced the sale of a significant Bitcoin stash seized from the operators of a movie piracy website.
👉Details: https://coinmarketcap.com/academy/article/german-government-begins-massive-bitcoin-sell-off-sparking-market-jitters
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AI-Related Tokens Surge Following Nvidia's To Be the World’s Most Valuable Company: Fetch.ai (FET) has led a notable surge in major AI-related cryptocurrency tokens over the past 24 hours, spurred by Nvidia's recent achievement of becoming the world's most valuable company.
👉Details: https://coinmarketcap.com/academy/article/ai-related-tokens-surge-following-nvidias-to-be-the-worlds-most-valuable-company
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CertiK Reveals Itself as Kraken's $3 Million Exploiter Amid Controversy: Blockchain security firm CertiK has publicly identified itself as the "security researcher" involved in a contentious incident with cryptocurrency exchange Kraken.
👉Details: https://coinmarketcap.com/academy/article/certik-reveals-itself-as-krakens-dollar3-million-exploiter-amid-controversy
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Dogecoin Long Liquidations Surge Past $60 Million Amid Market Dip: Dogecoin (DOGE) has seen a significant spike in long liquidations, surpassing $60 million in the past 24 hours as its price fell below the $0.12 mark.
👉Details: https://coinmarketcap.com/academy/article/dogecoin-long-liquidations-surge-past-dollar60-million-amid-market-dip
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DeFi Token VELO Gains Interest After Investment by U.S. Congressman Revealed: U.S. Congressman Mike Collins (R-Georgia) recently disclosed a $15,000 purchase of Velodrome, a relatively small altcoin, in his filings.
👉Details: https://coinmarketcap.com/academy/article/defi-token-velo-gains-interest-after-investment-by-us-congressman-revealed
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Consensys: SEC Closes Investigation Into Ethereum: Leading Ethereum developer Consensys revealed late Tuesday that the U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0.
👉Details: https://coinmarketcap.com/academy/article/consensys-sec-closes-investigation-into-ethereum
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zkSync Token Launches Amid High Network Load and Security Concerns: The zkSync token (ZK) officially launched on exchanges on June 17.
👉Details: https://coinmarketcap.com/academy/article/zksync-token-launches-amid-high-network-load-and-security-concerns
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Tether Launches Alloy, US Dollar-Pegged Stablecoin Backed by Gold: Tether is stepping into new territory with the launch of Alloy (aUSDT), a gold-backed stablecoin pegged to the U.S. dollar.
👉Details: https://coinmarketcap.com/academy/article/tether-launches-alloy-us-dollar-pegged-stablecoin-backed-by-gold
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Mt. Gox to Begin Repaying Defunct Exchange Users in July 2024: The long-awaited repayments to former users of Mt. Gox, the notorious cryptocurrency exchange that lost 850,000 Bitcoins in 2014, is set to begin in July 2024.
👉Details: https://coinmarketcap.com/academy/article/mt-gox-to-begin-repaying-defunct-exchange-users-in-july-2024
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AI Crypto Tokens Surge Despite Nvidia's Market Cap Plunge: Artificial intelligence-related crypto tokens have soared over the past week, even as Nvidia, a key player in the AI space, experienced a significant drop in its market capitalization.
👉Details: https://coinmarketcap.com/academy/article/ai-crypto-tokens-surge-despite-nvidias-market-cap-plunge
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Exciting News 📢
CoinMarketCap's data becomes more accurate
With our new ‘Rehypothecated Ranking Page’ 🔎
A dedicated ranking page to track (wrapped, staked, & restaked) coins/tokens 🔥
The new ‘Rehypothecated Ranking Page’ solves two major problems:
🔹 Repetition: Multiple versions of the same asset (ie. stETH, rsETH, and rETH) clutters rankings and makes browsing difficult.
🔹 Double-Counting: Without proper management of wrapped/restaked assets, market cap figures risk inflation, leading to inaccurate market assessments.
👉 Details: https://coinmarketcap.com/academy/article/cmc-data-becomes-more-accurate
🗞 CryptoNews of the Day 🗞
X's Payments Platform to Launch Without Dogecoin or Crypto Integration: Despite speculation fueled by Elon Musk's vocal support for Dogecoin (DOGE), regulatory documents indicate that Musk's plans for a payments service do not currently include digital tokens.
👉Details: https://coinmarketcap.com/academy/article/xs-payments-platform-to-launch-without-dogecoin-or-crypto-integration
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Bitcoin’s Key Indicators Flash Bullish Signals, According to Trader: Popular trader Roman recently highlighted two classic technical indicators for BTC/USD, suggesting that Bitcoin (BTC) could be setting the stage for a significant price breakout.
👉Details: https://coinmarketcap.com/academy/article/bitcoins-key-indicators-flash-bullish-signals-according-to-trader
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Kraken Recovers $3 Million in Missing Funds After Bug Bounty Exploit: Cryptocurrency exchange Kraken has successfully recovered nearly $3 million in digital assets following a high-profile bug bounty exploit by CertiK.
👉Details: https://coinmarketcap.com/academy/article/kraken-recovers-dollar3-million-in-missing-funds-after-bug-bounty-exploit
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Bernstein Analysts Predict Bitcoin Could Reach $200,000 by Next Year Due to ETF Inflows: Analysts at research and brokerage firm Bernstein have revised their Bitcoin price target upwards, forecasting that the cryptocurrency could reach nearly $200,000 by the end of next year.
👉Details: https://coinmarketcap.com/academy/article/bernstein-analysts-predict-bitcoin-could-reach-dollar200000-by-next-year-due-to-etf-inflows
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“Pharma Bro” Martin Shkreli Claims Involvement in Trump DJT Memecoin Amid Controversy: Martin Shkreli, infamously known as "Pharma Bro," has claimed involvement in the creation of the DJT token, a Solana-based meme coin that purports ties to the Trump family.
👉Details: https://coinmarketcap.com/academy/article/pharma-bro-martin-shkreli-claims-involvement-in-trump-djt-memecoin-amid-controversy
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Bitcoin Whales Realize Unprecedented $1.2B in Profits Amid Market Turmoil: Over the past two weeks, long-term Bitcoin (BTC) whales have cashed out $1.2 billion in profits.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-whales-realize-unprecedented-dollar12b-in-profits-amid-market-turmoil
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LayerZero Announces Airdrop Eligibility for 1.28 Million Wallets: LayerZero, the leading cross-chain interoperability protocol, has revealed that 1.28 million wallets are eligible for its highly-anticipated airdrop.
👉Details: https://coinmarketcap.com/academy/article/layerzero-announces-airdrop-eligibility-for-128-million-wallets
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TRUMP Memecoin Whale Nets $3.7 Million Profit Amid Market Sell-Off: In the midst of a turbulent market sell-off, a major memecoin whale has made headlines by securing a substantial profit from their MAGA (TRUMP) tokens.
👉Details: https://coinmarketcap.com/academy/article/trump-memecoin-whale-nets-dollar37-million-profit-amid-market-sell-off
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DJT Surges on Trump Official Token Rumors, Arkham Offers $165K Bounty to Unmask Creator: Blockchain analytics firm Arkham Intelligence has announced a $150,000 bounty for anyone who can definitively identify the creator of the Solana-based token DJT.
👉Details: https://coinmarketcap.com/academy/article/djt-surges-on-trump-official-token-rumors-arkham-offers-dollar165k-bounty-to-unmask-creator
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SEC's Crypto Enforcement Chief Steps Down After Nearly Nine Years: David Hirsch has departed from the agency after nearly nine years of service.
👉Details: https://coinmarketcap.com/academy/article/secs-crypto-enforcement-chief-steps-down-after-nearly-nine-years
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Bitcoin Price Falls Below $65,000, Some Large Cap Alts Outperform: Bitcoin's price dipped below $65,000 for the second time in three days, amid a wave of substantial outflows from spot Bitcoin exchange-traded funds (ETFs) last week.
👉Details: https://coinmarketcap.com/academy/article/bitcoin-price-falls-below-dollar65000-some-large-cap-alts-outperform
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Significant Outflows Hit Crypto ETFs Amid Federal Reserve Concerns: Digital asset exchange-traded products and funds faced substantial outflows last week, shedding $600 million, the largest since March 22, according to a June 17 report by CoinShares.
👉Details: https://coinmarketcap.com/academy/article/significant-outflows-hit-crypto-etfs-amid-federal-reserve-concerns
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