Category: AI

BlockchainanalyticsfirmArkhamIntelligencerevealedthat$20millionincryptocurrencyhasbeensuspiciouslymovedfromaUSgovernment-linkedwallet,potentiallyindicatingacompromise.InapostonX,Arkhamwrote,“USGovernmentlinkedaddressappearstohavebeencompromisedfor$20M.” USGovernmentCryptoWalletHacked TheUSgovernmentwalletstillholds$14.23billionincryptoassets.Theaffectedwallet,identifiedas0xc9E6…C34c,containedassetsinUSDC,USDT,aUSDC,andEthereum(ETH),apartofwhichwerestolenbyhackers.Arkhamnotedthattheaddressreceived“USGseizedfundslinkedtotheBitfinexhackersfrom9separateUSGseizureaddresses,including0xE2F699AB099e97Db1CF0b13993c31C7ee42FB2ac,anaddressnamedinthecourtdocumentsrelatingtotheBitfinexseizure.” Thefundshavereportedlybeentransferredtoanattacker’swallet,0x348…A9f.Arkhamstatedthattheattacker“hasbegunsellingthefundstoETH”andbelievesthattheproceedsarebeinglaunderedthrough“suspiciousaddresseslinkedtoamoneylaunderingservice.” 𝗨𝗣𝗗𝗔𝗧𝗘:𝗨𝗦𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝗹𝗶𝗻𝗸𝗲𝗱𝗮𝗱𝗱𝗿𝗲𝘀𝘀𝗮𝗽𝗽𝗲𝗮𝗿𝘀𝘁𝗼𝗵𝗮𝘃𝗲𝗯𝗲𝗲𝗻𝗰𝗼𝗺𝗽𝗿𝗼𝗺𝗶𝘀𝗲𝗱𝗳𝗼𝗿$𝟮𝟬𝗠. $20MinUSDC,USDT,aUSDCandETHhasbeensuspiciouslymovedfromaUSG-linkedaddress0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34cto…pic.twitter.com/UXn1atE1Wx —Arkham(@ArkhamIntel)October24,2024 TheUSgovernmenthasnotyetissuedapublicstatementabouttheincident,andthefullextentofthebreachremainsunclear.Investigationsarelikelyongoingtotracethelaunderedassets. OverviewofStolenAssets Afewhoursago,theUSgovernment’saddresswitnessedamassivetransferof$13.70millionworthofAUSDC.Inaddition,thecryptohackersalsoshifted$5.45millionofUSDC. Moreover,$1.125millioninUSDTwasstolen.Whilst,thelasttransactionsawthemovementof177.892ETH,valuedat$446,920,tothesuspectedaddress.Currently,thefundsarebeinglaunderedwiththeexactdestinationbeinguncertain. cryptonewsz.com

TheU.S.SecuritiesandExchangeCommission(SEC)ismovingforwardwithitsappealinthehigh-profilecaseagainstRippleLabs,requestingadeadlineextensionforfilingitsprincipalbrief.TheSEChasinvokedLocalRule31.2(a)(1)(A),whichoutlinesthebriefingscheduleforappeals.Itallowstheappellant91daysfromthe“readydate”tofileitsbrief. SECFilingonPrimaryBriefDeadline EleanorTerrett,ajournalistfromFOX,reportedonXthatthisproceduralmoveisstandard.Shesaid,“Prettynormalproceduralstuffhere.TheSECisrequestingadeadlineforitsprincipalbrief.”Ripple,ontheotherhand,isalsotakingstepstoadvanceitscaseintheongoingXRPvs.SEClawsuit. Today,thecompanyisexpectedtofileitsFormC,adocumentoutliningthekeyissuesRippleplanstoappealintheSEC’scaseattheSecondCircuitCourt.Ripple’sfocuswillbeonthedistrictcourt’srulingthatitsinstitutionalsalesofXRPconstitutedunregisteredsecurities,adecisionthefirmisdeterminedtooverturn. Prettynormalproceduralstuffhere.The@SECGovisrequestingadeadlineforitsprincipalbriefpursuanttoLocalRule31.2(a)(1)(A).https://t.co/kxboYNTnhypic.twitter.com/iihqhBlcS9 —EleanorTerrett(@EleanorTerrett)October24,2024 Lastweek,theSEChadappealednearlyallunfavorablerulingsinthedistrictcourt,whileRippleisappealingthissingularbutcriticalissue.TheXRPfirm’slegalteamremainsconfidentabouttheirchancesintheSecondCircuit,withStuartAlderoty,Ripple’sChiefLegalOfficer,expressingoptimismduringaninterviewwithTerrettlastweek. “Ifeltgoodaboutourcaseatthedistrictlevel.IfeelevenbetteraboutourcaseattheSecondCircuitforawholebunchofreasons,”saidAlderoty.HealsoemphasizedtheSecondCircuit’shistoricalstanceagainstregulatoryoverreachbyagenciesliketheSEC.Headded,“ThesecondcircuittraditionallyisnotafanoftheSEC.They’renotafanofregulatoryoverreach.” ChancesofFavorableRulingforXRP Alderotywentfurther,statingthatRipple’soddsofsecuringafavorableoutcomearestrong,especiallygiventhestatisticallikelihoodofareversalintheSecondCircuit.“Statistically,ifyoulose,yourchancesofgettingtheSecondCircuittoreverseisaround10%orless,”hesaid.However,hetemperedhisconfidencewithcaution. Alderotyremarked,“I’msuperstitiousasalitigator,soIdon’tliketopredictresults,certainlynotguaranteeresults,butIfeelverygoodabouttheSecondCircuitresult.”Meanwhile,RippleCEOBradGarlinghousealsoremainsconfidentinthecompany’slegalposition. 🚨NEW:Today,@RipplewillfileitsFormC,outliningatahighlevelwhatitwillseektoappealinthe@SECGov’scaseintheSecondCircuit. Aswesawthe@SECGovappealnearlyeverythingitlostonatthedistrictcourtlevellastweek,Rippleisexpectedtoappealtheonly… —EleanorTerrett(@EleanorTerrett)October24,2024 Hesaid,“Iamsoconfidentthatwe’regoingtowintheappealandthatwouldreallyputadaggerinGaryGensler’swholeagendaaroundcryptoregulation.”Garlinghousehighlightedthathefeelsnopressureregardingtheoutcome.Hestated,“I’mnotlosinganysleepoveritatall.I’msoconfidentaboutitbecauseIbelievewe’reontherightsideofthelaw.Ithinkwe’reontherightsideofhistory.” BothAlderotyandGarlinghouseexpecttheSecondCircuittonotonlyupholdDistrictJudgeAnalisaTorres’ruling,butalsotofortifyit.ThiswouldmaketheSEC’spositionincreasinglytenuousasthecaseprogressesthroughthecourts.Currently,themarketisawaitingtheXRPfirm’sFORMCfilingduetoday. cryptonewsz.com

U.S.governmentcryptowalletsmaybecompromised,asobserversalertedthepublictosuspiciouson-chaintransactions. AccordingtoArkham,unknownhackershavepossiblystolen$20millioninseizedcryptocurrencieslikeEthereum(ETH),Tether(USDT),andCircleUSDCoin(USDC)fromU.S.government-controlledaddresses. Thedevelopingstory,corroboratedbyon-chainsleuthZachXBTonTelegram,mighteveninvolvefundsconfiscatedfromtheBitfinexhackers.Arkhamstatedthataddress0xc9EreceivedseizedassetsfromatleastonewalletmentionedintheBitfinexcourtcasedocuments. 𝗨𝗣𝗗𝗔𝗧𝗘:𝗨𝗦𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝗹𝗶𝗻𝗸𝗲𝗱𝗮𝗱𝗱𝗿𝗲𝘀𝘀𝗮𝗽𝗽𝗲𝗮𝗿𝘀𝘁𝗼𝗵𝗮𝘃𝗲𝗯𝗲𝗲𝗻𝗰𝗼𝗺𝗽𝗿𝗼𝗺𝗶𝘀𝗲𝗱𝗳𝗼𝗿$𝟮𝟬𝗠. $20MinUSDC,USDT,aUSDCandETHhasbeensuspiciouslymovedfromaUSG-linkedaddress0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34cto…pic.twitter.com/UXn1atE1Wx —Arkham(@ArkhamIntel)October24,2024 Bitfinexwashackedin2016byIlyaLichtensteinandhisrapperpartnerHeatherMorgan,AKARazzlekhan.Theduosuccessfullystoleabout$8billioninBitcoin(BTC)fromthecryptoexchange.Nearlyadecadelater,federalprosecutorsaskedforafive-yearsentencetobeissuedtoLichtenstein. Youmightalsolike:USprosecutorspushfor5yearprisonsentenceforBitfinex-hackmastermind TransactionssuggestthehackersstartedsellingandlaunderingthefundsafterbreakingintoU.S.governmentwallets,ArkhamsaidinitsOct.24postaboutthesuspiciousactivity. Thefundsweremovedtowallet0x348whichhasbegunsellingthefundstoETH.Webelievetheattackerhasalreadybegunlaunderingtheproceedsthroughsuspiciousaddresseslinkedtoamoneylaunderingservice. Arkham BeforetheblockchainanalyticsproviderflaggedtheU.S.governmenttransactions,Arkhamnotedthatgovernmentwalletswithdrewover$6.5millionincryptofromdecentralizedfinancelenderAave.EtherscandataalsoshowedthatoneU.S.governmentaddresspaidupto$1,000inEthereumfeestomoveabout$100,000incryptocurrencies. Thisisadevelopingstory. crypto.news

Ankr’srecentintegrationwithTheOpenNetwork(TON)iscreatingexcitementamongdevelopersandinvestors.Thepartnership,designedtofacilitatedecentralizedapplication(dApp)developmentonTON,couldimpactToncoinPriceinthecomingmonths.

Bittensor(TAO),oneoftheleadingartificialintelligencecoinsinthemarket,iscurrentlyshowingsignsofconsolidation.Marketindicatorssuggestindecision,withneitherbuyersnorsellerstakingfirmcontrol. TAO’smovementappearsrange-bound,lackingclearmomentumtoeitherbreakhigherorfallsignificantlylower.TheEMAlinessuggestthepossibilityofa“deathcross,”whichcouldsparkasignificantcorrectionifthemarketlosesmomentumfurther. TAOIchimokuCloudShowsConsolidation TheIchimokuCloudchartforTAOshowsamixedpictureofthecurrentmarketconditions.Thepriceiscurrentlytradingnearthecloud,suggestingindecision. Theclouditself(Kumo)ismostlyflatandhasbothgreenandredareas,indicatinganoverallneutraltrend.Thepricerecentlytriedtobreakabovethecloud,butfailedtogainsignificantupwardmomentum,indicatingresistance. TAOIchimokuCloud.Source:TradingView TheTenkan-sen(ConversionLine)andKijun-sen(BaseLine)intersectnearthecurrentprice,suggestingthemarketislookingfordirection.TheleadingspanAandleadingspanB,whichformthecloud,arenotdivergingsharply,pointingtopotentialrange-boundmovement. IfTAO,whichisthebiggestartificialintelligencecoininthemarkettoday,canbreakdecisivelyabovethecloud,itcouldindicateabullishshift.Conversely,afallbelowthelowercloudboundarywouldsuggestabearishtrend.Atthemoment,themarketappearshesitant,withbuyersandsellersevenlymatched,leadingtosidewaysmovement. BittensorRSIIsBackTo50 TAO’sRSIiscurrentlyat50,risingfrom31justadayago.Thisswiftmovementsuggestsrenewedbuyingpressure,bringingmarketsentimenttoaneutrallevel. Ajumpfromoversoldconditionstoamidpointlikethisoftenimpliesashiftawayfromstrongbearishnessbutnotnecessarilytowardbullishdominanceyet. TAORSI.Source:TradingView TheRelativeStrengthIndex(RSI)measuresmomentumbyindicatingwhetheranassetisoverboughtoroversold.AnRSIof50meansthatthemarketsentimentforTAOiscurrentlybalanced. Atthislevel,thereisnostrongbiastowardsbuyingorselling,suggestingthatthepricemightconsolidateuntilnewcatalystsdrivemomentumineitherdirection. TAOPricePrediction:No$700LevelintheNearTerm TheTAOpricechartshowsthatthepriceiscurrentlyinaconsolidationphase,tradingbetweenkeysupportandresistancelevels.Resistanceliesat$600and$618,wherepreviousattemptstobreakabovehavefailed,whilethesupportlevelsat$503and$473areholdingfornow,providingacushionagainstfurtherdownside. TheEMAlinesalsoreflectthissidewaysaction,withtheshort-termEMAsgettingclosertothelong-termones,indicatingreducedbullishmomentum. TAOEMALinesandSupportandResistance.Source:TradingView. Theshort-termEMAlinesareonthevergeofcrossingbelowthelong-termEMAlines,which,ifconfirmed,couldforma“deathcross.”Adeathcrosstypicallysignalsabearishreversal,implyingthatdownwardpressurecouldintensifyandtriggerasignificantcorrection. IfTAOpricecanrecoveritsuptrend,itcouldtesttheresistancesat$600and$618soon.Thiswouldmarkapotential12%pricesurge.However,iftheuptrendisn’tstrongenoughandthetrendisreverted,TAOcouldgoasdownas$473,markinga14%pricecorrection. beincrypto.com

TheUSgovernmenthasignitedaselloffscareforAAVEafterinitiatingitsfirsttransactionforthetokenin8months.AccordingtodatainsightsfromArkhamIntelligence,theUSGovernmenttransactionfeaturesatotalof$5.4million.

TheCardanonetworkhasjoinedtheBitcoinecosystemfollowingthe“groundbreaking”integrationoftheformerasaBitcoinOSGrailbridge.Thismoveissignificantasitwillhelpscalethelargestblockchainbymarketcapandunleash“decentralizedprogrammability”onthenetwork.

ElonMusk-themedTelegramtap-to-earngameXEmpirelauncheditslong-awaitedXtokenonTheOpenNetwork(TON)onThursday,withsome6millionplayerspurportedlyeligiblefortheairdrop.Butthetokenlaunchedatapproximatelyhalftheestimatedpre-markettradingprice,andhasonlydippedfurthersincethen. Xlaunchedatapriceofabout$0.000096perdatafromCoinMarketCapandhasbeenvolatilethroughouttheday,dippingaslowasabout$0.00005beforebouncinguptoapeakof$0.00013.It’snowdowntoabout$0.00087asofthiswriting. Pre-markettradershadbeenbettingonthepriceofthelatestTelegramgametokenlaunchonplatformslikeBitgetandKucoin,withanaveragetradingpriceof$0.0002aheadofthetokenlaunch.Buttherealopeningpricewasabouthalfofthat. Pre-markettradingletspeoplebetontheexpectedpriceforanupcomingtoken,thoughitcanberisky—particularlyifsomeofthetokenomicsandairdropdetailshaveyettobeconfirmed. Meanwhile,XEmpireplayershavebeengripingaboutthesizeoftheirairdropsonsocialmedia,withnumerouspurportedplayersclaimingtohaveearned$10orlessworthoftokensforplayingtheTelegram-basedcryptogameoverthelastfewmonths. It’sthelatestexampleofplayersbeingunderwhelmedbyahighlyanticipatedTelegramgameairdropandtokenlaunch,followingotherrecentexampleswithHamsterKombatandCatizen.Allthreegamesamassedsizablefollowings—XEmpireclaimedover50millionplayers—butomittedmanyplayers,andsomerecipientswereunhappywiththeirallotments. ThelateststringofTelegramgameairdropsmayservetoreframeexpectationsforthenextwaveofemergingtap-to-earngamesonthemessagingplatform. ThetrendbeganearlierthisyearwithNotcoin,whichamassedsome35millionplayersandultimatelydeliveredtheyear’sbiggestgamingtokenlaunchbyawidemargin,withtheNOTtokenpeakingatamarketcapjustshyof$3billion.Butsuccessivegames’tokenshavefailedtocommandsimilarpeakvaluations. Atitscurrentprice,XEmpiresitsatamarketcapofjustunder$40million—wellbelowthe$106millionofCatizenand$217millionofHamsterKombat,letaloneNotcoin’s$786millioncap. ThedevelopersofXEmpirehavesharedplanstolaunchvariousTelegramappsthatwillprovideexclusiveperkstoholders,suchasanewsfeedandalanguagelearningapp,andteasedsomeotherkindofupcomingannouncementonThursdayviaTelegram. “Onemonthuntilsomethingbig,”theteamwrote. decrypt.co

SoftwaregiantMicrosoftwillholdashareholdersmeetingnextmonth—andBitcoinisontheagenda. Microsoft(NASDAQ:MSFT)willhaveitsannualshareholdersmeetingonDecember9andthosewhoareinvestedinthecompanywillvoteonanumberofitems,accordingtoaThursdayfilingbytheSecuritiesandExchangeCommission. Oneoftheproposalsupforavoteisthe\"AssessmentofinvestinginBitcoin,\"withtheboardrecommendingshareholdersvoteagainstit. Itisn\'tclearwhethertheitemreferstoMicrosoftputtingBitcoin,theindustry\'slargestcrypto,onitsbalancesheet.MicrosoftdidnotimmediatelyrespondtoDecrypt\'srequestforcomment. Thefilingalsonotesthat\"Microsoft\'smanagementalreadycarefullyconsidersthistopic.\" Microsoftisoneoftheworld\'slargestsoftwarecompaniesandacceptsBitcoinfromcustomerswhoareshoppingonlineatitsWindowsandXboxstores. IfMicrosoftdoesinvestinBitcoin,itwillbeoneoftherareU.S.companiestodoso. MicroStrategy,asoftwarecompanythatsellstarget=\"_blank\"rel=\"noopener\">startedbuyingBitcoinbackin2020. TheTyson,Virginia-basedfirmisnowthelargestcorporateholderofthecrypto.With252,220Bitcoin,currentlyvaluedat$17billioninreserves,itsstockhassurgedthisyearalongsidearisingBitcoinprice. Despiteitssuccessforshareholders,manypublictechcompanieshaveyettofollowsuit. EditedbySebastianSinclair decrypt.co

Ethereum(ETH)priceappearstobemovingwithinaneutralrange,asindicatedbyseveralmarketmetrics.ThecurrentNetUnrealizedProfit/Loss(NUPL)valuesignalsthatmostinvestorsareneitherhighlyprofitablenorexperiencingheavylosses. Thisbalancedsentimentsuggestsamixofcautiousoptimismandanxietybutlacksthestrongemotionsthattypicallydrivedramaticpriceshifts.Combinedwiththebehavioroflargerholdersandkeytechnicalindicators,ETHmightcontinueitssidewaysmovementintheshortterm. ETHNUPLIsCurrentlyNeutral ETH’sNUPLiscurrentlyat0.34,signalinganeutralmarketstate.Thisvaluesuggeststhatmostinvestorsareneitherdeeplyinprofitnorinsignificantloss.Itreflectsabalancedsentimentamongholders,withamixofoptimismandanxietybutnoextremeemotionsthatusuallydrivelargemarketmovements. ETHNUPL.Source:Glassnode NUPL,orNetUnrealizedProfit/Loss,measuresinvestorsentimentbycomparingunrealizedgainsandlosses.WhenNUPLispositive,itindicatesholdersareinprofit,andwhennegative,itsignalslosses.Avalueof0.34placesETHinthe‘Optimism—Anxiety’phase,suggestinginvestorsfeelcautiouslyoptimisticbutarealsowary. ETHisfarfromthemoreextremestagesof‘Hope—Fear’or‘Belief—Denial’,indicatingastable,neutralmarketcondition.Thisneutralitypointstoalikelysidewayspricemovementintheshortterm,asneitherstrongbuyingnorsellingpressureiscurrentlydominant. EthereumWhalesAreNotAccumulating Thenumberofaddressesholdingatleast1,000ETHisdeclining,indicatingthatwhalesarenotaccumulatingETH.OnSeptember25,therewerearound5,628suchaddresses,andnowthisnumberhasdroppedto5,547.Thissteadydecreasesuggestsalackofconfidenceamonglargeholders. AddresseswithBalance>=1,000ETH.Source:Glassnode Trackingthesewhaleaddressesiscrucialbecausetheycansignificantlyinfluencemarkettrends.Whenwhalesaccumulate,itoftensignalsoptimismandcandrivepriceshigher.Conversely,adeclineshowshesitationorriskaversion. TheconsistentdropinwhaleaddressesoverthepastmonthimpliesthatbiginvestorsarenotconfidentenoughtoaccumulateETHatthistime.Instead,theymaybereallocatedtootherassetsorwaitingforclearersignalsbeforebuyingmoreETH. ETHPricePrediction:MoreSidewaysMovementsAhead? ThisEthereum(ETH)chartdisplaysseveralkeymovingaverages(EMAs)andpotentialsupportandresistancelevels.Currently,ETHistradingaround$2,526,slightlybelowmultipleEMAlines,indicatingdownwardpressure. That’salsoreinforcedbythefactthatitsshort-termlinesaregoingdown.Iftheycrossbelowthelong-termones,thiswouldcreateabearishsignal. ETHEMALinesandSupportandResistance.Source:TradingView. Thechartalsohighlightsclearresistancelevelsat$2,728and$2,820,withpreviousattemptstobreakthesepointsbeingunsuccessful.Theselevelswillneedtobebreachedconvincinglytotriggeranystrongbullishmomentum.Onthedownside,thesupportlevelsaremarkedat$2,308and$2,150,indicatingareaswherebuyerscouldstepin. Thepresenceofthesesupportandresistancelevels,alongwiththelackofdecisivemovementaroundEMAs,suggeststhatETHmaycontinueconsolidating,withpricefluctuationswithintherangebeforeacleartrenddevelops. beincrypto.com