Analysis Today TheBitTimes.com

A fake version of AI-crypto project Genius’ token, GNUS, was used to drain Uniswap liquidity providers of $1.3M on Sunday. The attack involved creating an identical token on the Fantom blockchain, where no official version of GNUS had yet been deployed. After cloning the GNUS token contract on Fantom, the attacker bridged 100M freshly minted tokens across to their Ethereum address using the Axelar bridge. Finally, the GNUS token s were sold into the existing Uniswap liquidity pool, dr AI ning the 407 ETH (worth $1.3M at the time). The Genius team acknowledged the attack via X (formerly Twitter). The CEO later pointed to a development wallet having being compromised “during a Discord hack”. This apparently “enabled [the hacker] to launch the exact address on FTM of the Axelar Token Minter Manager contract” which allowed the fake token s to be minted as genuine on Ethereum and Polygon. The sell-off caused the GNUS price to tank by over 95%, from $22.86 to $0.79, according to data...

Key takeaways BTC continues to trade around $62k as it closes in on its all-time high price. Bitcoin Dogs’ presale will end in 12 days and has already raised over $6.3 million Bitcoin eyes its all-time high price of $69k The crypto market was bullish this week, adding 20% to its value in the last seven days as it raced to the $64k level. Thanks to this week’s rally, BTC is now closing in on its all-time high price of $6k At press time, the  price of Bitcoin stands at $61,911, down by 1% in the last 24 hours. If BTC continues its rally, it could set a new all -time high price in the coming days or weeks.  The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $65k if the bulls remain in control.  What is Bitcoin Dogs? Bitcoin Dogs could be one of the biggest beneficiaries as BTC continues to rally towards its all-time high price. It is a unique project that is launching on the...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin (BTC) and Solana (SOL) have long reigned supreme in crypto , drawing in investors with their technology and market presence. Meanwhile, a new player, BorroeFinance (ROE), is being monitored by BTC and SOL bulls looking to diversify their portfolios.  Why Borroe Finance? Borroe Finance is an AI-driven decentralized finance (defi) platform addressing fundamental challenges in financial technology.  You might also like: Bitcoin inches closer to $45k, Litecoin and BorroeFinance may rally While Bitcoin has been the gold standard and Solana has impressed with its speed and efficiency, Borroe Finance is carving out its niche by integrating AI with blockchain.  This approach could explain why the project is being explored. Notably, for Bitcoin and Solana holders , Borroe Finance can offer diversification.  Bor...

Solana is known for its efficiency and scalability. It operates as a layer-1 protocol, allowing the processing of thousands of transactions per second while minimizing fees. This feature addresses the challenges that other blockchain protocols face.  In 2022, SOL, Solana’s native currency, had a turbulent year due to external factors. However, it has rebounded, rising by 500%. Currently, over 70% of all circulating SOL are staked. Focus on Solana in 2024 Solana’s commitment to high-throughput, low-latency transactions highlights its significance in 2024.  Its architecture has attracted diverse projects, including decentralized finance (defi) and non-fungible tokens (NFTs). This year, Solana is expected to achieve significant breakthroughs within its ecosystem.  It’s an opportune time to explore some of the top projects on Solana that are redefining decentralized technologies.  The below projects showcase Solana’s versatility and role as a c...

Different from traditional markets, the crypto market has its own set of key questions to consider when analyzing a project and its assets. Fundamental analysis is the process of finding the intrinsic value of an asset, with the goal to determine whether the asset is overvalued or undervalued. That information can then be leveraged along with technical analysis to decide whether to invest in or trade an asset. In cryptocurrency fundamental analysis, the approach is somewhat different than that typically used to evaluate legacy market assets. Crypto assets don’t have the historical data required, because there’s usually no history of earnings reports or profit and loss statements. For cryptocurrency analysis, all the available information on the asset needs to be sought out through research that includes investigating its use cases, its network, the team behind the project, vesting schedules, the list goes on. By looking at the right set of factors, traders can determine the fundamenta...