Now, this little escapade is estimated to have cost Coinbase users a whopping $300 million. On May 21, the hacker used Ethereum’s input data message feature to drop a classic “L bozo” during a transaction where they swapped over $42.5 million worth of Bitcoin for Ether using Thorchain. I mean, who knew blockchain could be so… theatrical? 🎭
As Bitcoin, the granddaddy of them all, flirts shamelessly with its all-time high, analysts are peering through their monocles, scrutinizing LTC for any signs of a potential breakout or, heaven forbid, a breakdown. The current price action resembles a game of musical chairs, with Litecoin consolidating near a crucial demand zone, a spot that has historically been a pivot point for its major moves. 🎩
This landmark legislation, akin to a magician pulling a rabbit from a hat, will allow major institutions to apply for stablecoin issuance licenses from the Hong Kong Monetary Authority (HKMA) by the end of the year. Under this new framework, firms can introduce Hong Kong stablecoins backed by fiat currency, ensuring that the regulatory standards are as strong as a sumo wrestler on a diet of iron and determination, thus fostering market confidence.
And guess what? The hackers weren’t just playing around; they demanded a $20 million ransom! 💰 Because, obviously, who wouldn’t want to pay that much to keep their data safe? According to Coinbase, these digital bandits targeted overseas customer support staff, luring them in with cash incentives. Because nothing says “trustworthy” like a cash bribe!
In a rather enlightening post on the social media platform X, the esteemed crypto analyst, Mr. Thomas Anderson, has brought to our attention that Chainlink is exhibiting a most notable bullish momentum on the 30-minute (M30) timeframe. According to Mr. Anderson, LINK has triumphantly broken above the 200-day moving average (marked in a rather alarming red on the chart), a significant technical milestone that often signals a delightful shift in market sentiment. At the time of his post, LINK was trading at approximately $15.560, actively forming an ascending channel—a bullish price pattern characterized by consistently higher lows and higher highs. How positively thrilling! 📈
Like a phoenix rising from the ashes, Solana has established a base above the $160 support, embarking on a fresh increase reminiscent of its illustrious peers, Bitcoin and Ethereum. SOL has gained momentum, vaulting over the $162 and $165 barriers.
While Moody’s gives the US credit a gentle nudge downward (think of it as a financial Botox), Bitcoin is flexing its muscles and asserting dominance, as if to say, “Try and dull my shine, old man.”
Yep, SUI is flexing hard, even with a 5.3% rollercoaster ride in the last 24 hours. Market cap? Over twelve billion. Not bad for a coin that barely got recognized last year. Meanwhile, XRP, that guy with the $2.22 price tag, is barely holding on with a 0.8% volatility—like it’s on tranquilizers.
So, this crypto analyst, MindfullyLost (which, let’s be honest, we all aspire to be), reckons Dogecoin’s got some support around $0.21. Which is… something. Holding on by its fingernails, really. Even through the, ahem, ‘downtrend’.
But hold on! Van de Poppe reckons the ETH/BTC pair—sounds like a dodgy law firm—has rebounded by a whopping 38–42 percent! He thinks this is a “concrete sign” of something or other. Capital rotating down the risk curve? Sounds painful. Apparently, Ethereum is clawing back ground. Good for it. He says, “We’ve had a 40% return against Bitcoin in just a week!” So, naturally, “the blue chips or the large caps are the ones to watch.” Because, you know, nothing screams excitement like “large caps.” 😴