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A small-cap crypto project built on Kusama (KSM) has exploded by more than 188% this week amid widespread momentum among Polkadot (DOT) ecosystem projects. Moonriver (MOVR) is an Ethereum (ETH)-compatible parachain built on Kusama. The project serves as a canary network to test code for Moonbeam (GLMR), a smart contract platform for cross-chain connected applications. MOVR is trading at $29.16 at time of writing, up from $10.12 one week ago. The 201st-ranked crypto asset by market cap is also up more than 36% in the past 24 hours. MOVR’s gains materialized amid a wider uptrend for Polkadot projects. Kusama, Polkadot’s canary test network, is also up big this week. KSM, the project’s native token, is trading at $50.01 at time of writing after gaining more than 52% in the past seven days. Moonbeam’s native asset, GLMR, is trading at $0.47 at time of writing. The 158th-ranked crypto asset by market cap is up more than 24% in the past week. DOT itself has traded s

In the dynamic realm of cryptocurrencies, the malicious activities of hacking groups persist as a substantial menace to the growing digital economy. The recent assault by the infamous hacking collective “Pink Drainer” has once again highlighted the vulnerabilities within the crypto space. On this occasion, the group successfully absconded with an astonishing $4.4 million worth of Chainlink (LINK) from a lone victim, leaving behind a trail of financial disarray and uncertainty. Examining the Heist in Detail The victim enticed into a cleverly devised trap, inadvertently endorsed an “Increase Approval” function, resulting in the siphoning of 275,700 LINK —equivalent to $4.33 million—through two transactions. A thorough Analysis of on-chain data unveiled that 68,925 LINK was directed to a wallet identified as “PinkDrainer: Wallet 2,” while the remaining 206,775 LINK was sent to an address concluding with “E70e.” The rapidity of the theft, occurring within a minute of the malicious t

Bitcoin is above $42k as bullish sentiment around spot Bitcoin ETFs increases.  Will the outlook for BTC and top altcoins be replicated by privacy coins Monero and Zcash?  Could Memeinator outperform the two coins? Monero (XMR) and Zcash (ZEC) have lagged other top altcoins over the past several months, with XMR and ZEC up just 3% and 2% respectively over the last 30 days. The tokens were also trading lower on December 29 after a major exchange announced it will delist spot pairs for these privacy coins. Despite this, could the overall bullish sentiment across crypto ahead of a spot Bitcoin ETF approval by the SEC lift Monero and Zcash? Is the impending nod also a bullish catalyst for Memeinator (MMTR)? Here’s an outlook for each. Crypto outlook as market awaits spot Bitcoin ETF approval While the SEC has approved multiple futures and spot Bitcoin ETFs are already listed in other markets, its still a waiting game in the United States. Sentiment and antici

Meme coins remain one of the most popular segments in crypto, providing traders with the chance to snare gains that can often be measured in the thousands of percent. Meme Kombat is well-positioned to be among the big hitters when it launches. The token has a $10m hard cap target. Among the meme coin heavyweights that Meme Kombat aspires to emulate are the likes of Pepe and Shiba with their multi-billion dollar market capitalizations.  But in the meme coin space, even more so than elsewhere in crypto, new coins are being launched every day in a hyper-competitive market. Pawswap (+225%) and Baby Grok (+75%) and Spurdo (+85%) are just three of the coins that have been setting the pace for meme coins over the past seven days, for example. Across crypto as a whole, buyers are back in the driving seat as the expected approval of a spot bitcoin ETF fuels a new bull run for the industry. Bitcoin is the best-performing financial asset of 2023 and altcoins

Bitcoin is currently displaying a bullish pattern, although it’s important to note that the RSI exhibits a negative divergence. This situation is creating mixed signals regarding Bitcoin’s short-term directional movement. Bitcoin has retained its gains in early December, indicating a trend where buyers are stepping in during minor dips. According to CoinShares data, there was an influx of $87.6 million into Bitcoin funds for the week ending on December 22nd. Additionally, data from ETFGI, a research firm specialising in exchange-traded funds (ETFs), reveals that in November, there were inflows of $1.31 billion into cryptocurrency ETFs and exchange-traded products (ETPs). This brings the total inflows for the year to $1.60 billion. Daily cryptocurrency market performance. Source:  Coin360 Investors seem to be accumulating Bitcoin before the anticipated approval of a spot Bitcoin ETF in January. Business Intelligence firm MicroStrategy added 14,620 Bitcoin to incr

Investors eye Meme Moguls amid bullish forecast for crypto PancakeSwap (CAKE) price is up 17% in 24 hours after a massive token burn. Meme Moguls (MGLS) is now in stage 3 of its presale, with increasing investor attention likely to push its price higher post launch. As the crypto market savours the December gifts with price gains across major altcoins, one of the notable performers has been PancakeSwap (CAKE). Meanwhile, the fear of missing out on a potentially 100x token has savvy traders increasingly interested in Meme Moguls (MGLS) . PancakeSwap’s 60% surge in a week: What’s behind it? Among tokens to skyrocket in recent days is PancakeSwap (CAKE), the largest decentralised exchange (DEX) platform in the Binance Smart Chain ecosystem. The native governance token has seen a remarkable bounce in its value over the past week. As data from CoinGecko shows, CAKE has gained nearly 60% in the past seven days to trade above $3.72, levels last seen in April 20

Amid the holiday season, Shiba Inu has seen a remarkable 17 billion SHIB burned over the last week alone. Moreover, that figure denotes a burn rate above 100%, a massively positive development for the meme coin. Indeed, Shiba Inu’s burn tracking platform, Shibburn, tweeted about the development. The strides in the burning of SHIB arrive as its layer-2 Shibaium network continues to experience massive positive. Specifically, BONE transfers within the network have officially exceeded the one million mark. Subsequently, the health of the Shiba Inu ecosystem could be a vital storyline heading into 2024. HOURLY SHIB UPDATE$SHIB Price: $0.00001079 (1hr 0.41% ▲ | 24hr -2.36% ▼ ) Market Cap: $6,347,884,981 (-2.16% ▼) Total Supply: 589,302,315,494,207 TOKENS BURNT Past 24Hrs: 6,882,493 (-87.05% ▼) Past 7 Days: 17,159,390,975 (98.7% ▲) — Shibburn (@shibburn) December 26, 2023 Also Read: Shiba Inu Forecasted To Reach 1 Cent, Here’s When 17 Billion SHIB Tokens Burned for Christmas!

Crypto has shocked the world yet again, and as open interest heats up, it is clear that risk-on market participants will thrive in the coming two years. Speculative appetite is up, and following the Bitcoin (BTC) Spot ETF approval anticipation, a dramatic industry repricing will occur. According to many, anybody who bought a Solana (SOL) Saga, which recently sold out in the US, should HODL the phone! If Bonk (BONK) can 10X the Solana phones will be worth $7,000. But the real top crypto to buy now is Galaxy Fox ($GFOX), which heads for $2 million and promises one of the best price discovery phases of any token in 2024. Saga sales turnaround: a strange success story Saga, a mobile phone released by Solana, was the first piece of hardware created by a layer one blockchain. Although sales were dismal and founder Anatoly even backpedalled on the product, stating it was an experiment in a podcast, the enormous surge of $BONK has breathed new life into the market. 

A new report from The New York Times sheds light on how Chinese investors , aided by Binance, acquired a Texas mining facility. A 23-year-old Chinese national and NYU student, Jerry Yu, appears to be the majority owner of a Texas-based crypto mining facility BitRush, which was backed by $6 million in Tether (USDT) by undisclosed Chinese investors , according to a recent report from The New York Times. In one of the lawsuits filed by Crypton Mining Solutions, which alleges non-payment for services in the Texas Panhandle town, BitRush’s investors — described as “not only Chinese citizens but citizens in highly political and influential business positions” — raised concerns about how exactly the funds were transferred from China to the U.S. The lawsuits, as reported by NYT, exposed a public money trail ending at Binance, which facilitated transactions with USDT through its offshore branch when the exchange’s operations were not adhering to American banking rules, the report notes.

Author：0xMingyue Editor：Colin Wu 1. The Mainland of China’s Weekly Summary 1.1 The People’s Bank of China’s Financial Stability Report Significantly Discusses Cryptocurrencies link The People’s Bank of China has released the “China Financial Stability Report 2023,” dedicating a substantial section specifically to “Cryptocurrency Assets.” It emphasizes the principle of “same business, same risk, and same regulation,” outlining the need to regulate crypto currency assets in proportion to their risk levels. The report aims to minimize regulatory data gaps, reduce regulatory fragmentation, and eliminate regulatory arbitrage. Additionally, there is a separate section discussing the Financial Stability Board’s (FSB) approach to regulating crypto currency assets. 1.2 Regulations on the Administration of Online Games’ Requires the Use of Real-Name Digital RMB Wallets for Game Coin Transactions link The National Press and Publication Administration of China has released a draft for soliciting o

1. ETHW: To Dissolve Core Development Team, Existing Servers to Temporarily Transition to OneDao for Transitional Maintenance link The Ethereum fork network ETHW (EthereumPoW) has issued a statement announcing the dissolution of the ETHW core team. The declaration expresses a unanimous decision to disband the core development organization based on the majority consensus. This includes the dissolution of the ETHW core development team, aiming for complete autonomy, a commitment to Proof of Work (PoW) as the fundamental consensus mechanism, and the long-term maintenance of this approach. The network also embraces decentralized governance, striving to become a deity-less public chain. Additionally, existing servers will undergo a transitional maintenance phase on OneDao temporarily until a long-term ecosystem partner is confirmed. 2. Worldcoin Discontinues Orb Verification Service in India, Brazil, and France link Worldcoin will no longer offer its Orb verification services in India, Braz

Bitcoin Cash (BCH) had a bright start in 2023 H2 after a 260% surge in late June, followed by a 26% retracement. In this context, Finbold asked ChatGPT-4 to predict the price of BCH for early 2024. Notably, Bitcoin Cash is trading at $242 by press time, meaning 26.55% in losses since 2023’s highs at $329.71. Before that, BCH went from $90.77 to the yearly highs for a 263.24% price surge. BCH/USD weekly price chart. Source: TradingView At this point, Bitcoin Cash shows a strong momentum within its weekly Relative Strength Index (RSI). Meanwhile, its main competitor and market leader, Bitcoin (BTC), faces challenges and opportunities. The former, being a massive increase for its transaction fees, surpasses yearly highs of $31 per transaction and the global average income of $26 per individual. Nevertheless, Bitcoin has also seen an increased interest from institutional investors, propelling its speculative demand. Cryptocurrency Whales sell over $2 billion Bitcoin