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Hedgey Protocol loses $44.7M in dual cyber attacks

Hedgey Protocol suffers $44.7M loss in dual cyber attacks. The protocol was targeted on both Arbitrum and Ethereum chains. Hedgey advises users to cancel active claims, revoking approvals amid the ongoing investigation. Hedgey Protocol, a decentralized finance (DeFi) platform, finds itself in the throes of a cyber siege after suffering a devastating attack that resulted in a staggering loss of $44.7 million across the Arbitrum and Ethereum blockchains. Cyvers Alerts, a leading cyber security watchdog, uncovered the vulnerabilities exploited in the attack , raising urgent concerns about the security landscape within the DeFi ecosystem. Hedgey Protocol hacked on Arbitrum and Ethereum chains Cyvers Alerts revealed that the attack targeted Hedgey Protocol on both the Arbitrum and Ethereum chains, with $42.8 million and $1.9 million stolen, respectively. According to Cyners Alerts, the attackers swiftly converted the stolen funds into DAI, complicating reco
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US economist slams Bitcoin’s status as a safe haven amid geopolitical chaos

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As he continues to bash Bitcoin (BTC), the American economist and gold bug Peter Schiff has recently challenged the status of the flagship decentralized finance (DeFi) asset as a safe haven amid geopolitical tensions, arguing that his favorite precious metal is the logical choice instead. Specifically, Schiff said that the most recent escalation in the Middle East had triggered a gold rally of 1.6% to $2,416, whereas Bitcoin tanked “4% down to $61K,” posing a rhetorical question of “which one is a safe haven and which one is a highly speculative digital token?” in an X post on April 19. Explosions In Central Iran and Israeli Airstrikes In Iraq and Syria send stock futures tumbling and oil spiking. #Gold immediately rallies 1.6% to $2,416. #Bitcoin immediately tanks 4% down to $61K. Which one is a safe haven and which one is a highly speculative digital token? — Peter Schiff (@PeterSchiff) April 19, 2024 ‘Bitcoin fad is over’ Furthermore, he pointed out that gold was “tradi
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Bitcoin Minetrix Offers Last Chance To Buy As $13 Million ICO Ends April 25

A 39-round presale for pioneering stake-to-mine crypto token Bitcoin Minetrix ($BTCMTX) will conclude in seven days after raising a staggering $13 million. Investors have two days to purchase Bitcoin Minetrix tokens at a fixed price of $0.0147. After that, the token will sell for $0.0148 until the conclusion of the ICO on April 25. From then on, the sky will be the limit on potential appreciation.  Now, that may look like marketing hyperbole, but considering Bitcoin’s upcoming halving on April 20 has analysts across the world calling a 2024 bull run, this year could catalyze a project that will smash the barriers to entry into the world of Bitcoin mining.  🚀 With the #Bitcoin halving around the corner, mining companies are gearing up for changes! From @MarathonDH to @RiotPlatforms, keep an eye out on how they're preparing for the shift. Who do you think will thrive post-halving? 🛠️#BitcoinMinetrix has successfully raised more… pic.twitter.com/aPtKV1rne9 — Bi
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Where's De-Dollarization? US Dollar Hammers Other Currencies in 2024

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A handful of developing countries in Asia, Africa, and Latin America launched De-dollarization initiatives hoping to pull the US dollar down from the world’s reserve status. The main agenda of De-dollarization is to put local currencies ahead of the US dollar for global trade and commerce. The development, according to them, would strengthen their native economies boosting the prospects of local currencies in the foreign exchange market. Also Read: Wages in the US Rise 7%, Home Prices Skyrocket 45% Moreover, things have not gone down as planned as the US dollar outshined all local currencies in 2024. The USD outpaced other currencies this year despite threats of the De-dollarization agenda that’s gripped the developing world. Source: MarketWatch The DXY chart, which measures the US dollar’s performance shows it climbing above the 106 mark. The US dollar plummeted to 101.8 early this year causing turmoil in the American economy giving hope to the de-dollarization initiat
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Dogwifsaudihat Price Prediction: WIFSA Soars 42%, But Traders Jump To This Rival Offering A Last Chance To Buy

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The Dog wifsa udihat Price has surged 42% in the past 24 hours to trade at $0.001465 as of 7:30 a.m. EST on a 309% surge in trading volume to $6.9 million. The Dogwifsaudihat Price Signals A Rebound On A Support Zone The WIFSA price has dropped from its peak of $0.002939 to a support level of $0.001429, where it’s currently trading. As the price consolidates around this level, the bears have created a pattern resembling a bullish pennant. This pennant suggests that the bullish trend might continue. WIFSAUSDT Analysis . Source:Tradingview.com However, the Dog wifsa udihat price could see an upward trend within the pennant as it shows signs of bouncing back. Currently, the price is below the 50 simple moving average (SMA), and the bulls are attempting to initiate a rally past the 50 SMA. The relative strength index (RSI) is on an uptrend towards the midline level of 50 after bouncing back from the oversold level of 30. If momentum keeps building up, the RSI could reach the overbou
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Dogwifhat: Can WIF Hit $10 After Bitcoin Halving?

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Dog WIF hat ( WIF ) has garnered attention in the cryptocurrency market recently. Observers, including investors and cryptocurrency enthusiasts, are closely monitoring its performance leading up to the anticipated Bitcoin halving event. Given its distinct branding and growing community support, there’s speculation about WIF ’s potential to reach the $10 threshold following the Bitcoin halving. As of now, Dog WIF hat is trading at $3.07 with a market capitalization of $3 billion. Despite a recent slump to $1.96 amidst the recent market slump, WIF has reclaimed its surge and is now up above the $3 level. Also read: 4 Meme Coins To Watch As Bitcoin (BTC) Reclaims $70,000 Source: CoinGecko WIF’s Price Action and All-Time Highs  Dogwifhat’s price action has been noteworthy, with the meme coin recently achieving an all-time high of $4.85 on March 31, 2024. WIF has come a long way since its all-time low of $0.0677, recorded on January 8, 2024. As the Bitcoin halving appr
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Solana Meme Coin Slothana Raises $10m In Presale, Unveils 14-Day Last Chance To Buy Timer Ahead Of 4/20 

Solana’s sensational new multimillion-dollar stoner meme coin project Slothana ($SLOTH) has added a timer to its website counting down to the end of the project’s ICO phase on April 29, giving Slothana fans only 13 days left to join the presale.  The launch will follow another seminal Slothana date: Bitcoin’s fourth quadrennial halving and international stoner day on April 20. The timer comes three weeks into an ICO that has already raised well over $10 million, according to the project’s landing page.  When the clock runs down, there will be an airdrop date announcement. However, the team is keeping this and other details close to its chest as it cultivates an air of mystery in a bid to catalyze some potentially explosive buying activity in the coming weeks. Confused as to what it’s all about? It’s simple really; it’s all about timing.  Slothana’s 4/20 Link Bitcoin’s halving and international stoner day coincidentally both fall on th
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Next Cryptocurrency To Explode Monday, April 15 – Wormhole, Aevo, Stacks  

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The general outlook in the crypto market has returned to being optimistic. Despite the brief recovery of crypto assets, many traders are still pessimistic about the future of cryptocurrencies. Some traders speculate that the bull market’s top would likely come in after the halving.  Next Cryptocurrency To Explode  Nevertheless, identifying the next cryptocurrencies to explode is the priority. With the impact of the market downturn still influencing the trends in the market, identifying the next cryptocurrencies to explode may be technical. Thus, the Analysis presented below considers several metrics.  Similarly, it summarizes Slothana’s presale offering, the meme coin project that made headlines after it raised over $500k within hours of the presale launch. Its presale performance contrasts the project with the market trends. Hence, the article explores the project’s fundamentals and other critical facts behind its famed success.   1. Wormhole (W)  Wormhole (W) Wormhole’s dramati
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Ethereum Price Prediction: ETH Soars 6% As Hong Kong Approves Ethereum And Bitcoin ETFs And This Learn-To-Earn Crypto Blasts Past $300K

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The Ethereum price surged more than 6% in the past 24 hours to trade at $3,231.84 as of 8:25 a.m. EST as investors rush to accumulate the altcoin. Investors’ heightened interest in ETH follows the conditional approval for asset managers to start trading spot Bitcoin ETFs (exchange-traded funds) and spot Ethereum ETFs in Hong Kong. Harvest Global Investments, and a partnership between HashKey Capital and Bosera Asset Management (International), announced the initial approvals in separate statements today.  The Ethereum Price Forms A Bullish Channel 4-hour chart for ETH/USDT (Source: TradingView ) The Ethereum price printed multiple higher highs and higher lows on the 4-hour chart over the past 24 hours. This bullish phase resulted in the formation of an ascending price channel and also led to the leading altcoin overcoming the $3,080.67 resistance level. Now, buyers are attempting to push ETH above the $3,283.06 barrier as well to potentially flip the mark into support. Should
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Top Crypto Gainers Today Apr 14 – Celestia, Arweave, UNUS SED LEO, Pax Gold

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The total market capitalization boasts an exhilarating $2.30 trillion, showcasing the escalating fervor surrounding digital assets. Despite Bitcoin’s recent -3.64% dip, its resilience is evident, with a current price of $63,838, a market cap of $1.26 trillion, and a dominant market share of 54.70%. As investors navigate the market, anticipation for Bitcoin’s next move amidst the upcoming halving event adds an electrifying layer to the ongoing crypto narrative. The halving, scheduled for Apr 19, will dramatically decrease the rate of new Bitcoin generation, amplifying scarcity and driving up demand. Historical data supports a link between scarcity and price surges, fueling optimism for a $150,000 price target by 2025. However, caution is advised due to diminishing post-halving gains and Bitcoin’s mainstream evolution. Biggest Crypto Gainers Today – Top List Notable tokens are making significant gains, with Celestia surging by 12.30%, Arweave by 5.87%, UNUS SED LEO by 1.82%, and Pax
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Price of freedom? Bitcoin users pay a world’s average working day in fees

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Bitcoin’s (BTC) average transaction fees reached a 4-month high of $24.39 on April 12, nearing the world’s average daily income of $26.66. Bitcoin users and investors now wonder how far network transaction fees can go in the following weeks. Finbold retrieved on-chain data from BitInfoCharts on April 13 regarding the average network fees paid by users the day before. Notably, the average transaction fee historical chart displays USD levels seen for the last time in December 2023. Yet, this increase is partially explained by Bitcoin’s year-to-date price surge, considering lower average s previously measured in BTC or sats/vB. On April 12, the network registered an average of 0.00036 BTC paid per transaction, at a 158.3 sats/vB rate. Picks for you 3 cryptocurrencies to watch for the week 42 mins ago This crypto trader just lost $1 million overnight on Binance 3 hours ago Market strategist warns global economy on the brink of a perilous financial collapse 4
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