Day: January 5, 2024

[ad_1] The recent incident on dYdX v3, involving significant price movements of SUSHI and YFI tokens, has raised critical concerns in the crypto community. This incident was characterized by a sophisticated attempt to manipulate market prices, leading to a substantial financial impact and sparking debates about market integrity and security measures in decentralized finance (DeFi). Understanding the Incident The Attack Strategy: The attacker, using over 100 wallet addresses, deposited approximately $5.3 million and primarily took leveraged (5x) long positions in SUSHI-USD on dYdX v3. This was followed by a surge…

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[ad_1] Digital assets manager CoinShares says crypto investment products saw a significant recovery in 2023 as inflows increased by nearly threefold from the preceding year. In its latest Digital Asset Fund Flows report, Coinshares says inflows reached $2.25 billion in 2023, representing a 2.7 times year-on-year increase. Total assets under management (AuM) also rose by 129%, hitting $51 billion by December 31st, the highest since March 2022. The turnaround brings 2023 as the third largest year for crypto asset inflows since 2017, surpassed only by 2020 with $6.6 billion and …

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[ad_1] Fans of Elvis Presley, the undisputed King of Rock ‘n’ Roll, are in for a groundbreaking experience with the upcoming virtual concert, “Elvis Evolution.” This innovative show, set to open in London in November 2024, marks a significant leap in entertainment technology, using artificial intelligence (AI) to bring the music legend back to life for audiences worldwide, according to BBC. The masterminds behind this project are Layered Reality, a British immersive entertainment company known for their cutting-edge experiences like The Gunpowder Plot and The War of The Worlds. They…

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[ad_1] A closely followed crypto strategist believes that one artificial intelligence (AI) focused altcoin could soon surge to new all-time highs (ATH). Pseudonymous analyst Rekt Capital tells his 382,100 followers on the social media platform X that Fetch.ai (FET) could remain in an uptrend if it breaks through a key resistance level on the monthly chart. “A dip is in progress into the local support (purple). Retest is successful thus far there. Continued stability here and FET will challenge its final major resistance (red) for a chance at new all-time…

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