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๐ŸฆŽ๐Ÿš€ X Marks The Spot For Scams ๐Ÿ˜ 

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Hacked!


Ethereum co-founder Vitalik Buterin's X (formerly Twitter) account recently fell victim to hacking, resulting in a total theft of $691,000 from individuals who followed a compromised link shared on his feed.


The breach allowed the hackers to promote a fraudulent commemorative NFT mint, falsely claiming it had a limited time frame. This deceptive tactic aimed to entice users into rapidly minting the NFTs. However, the link directed them to a phishing website that systematically drained cryptocurrencies and NFT holdings from associated wallets.


In today's news, we have friend.tech resurgence, Binance ending support for Polygon NFTs, and Ripple acquires another firm.


Read on!

Market Share of Crypto Derivatives Exchanges

Binance continued to dominate the crypto derivatives scene in 2023. However, its market share has continued to fall, having started at 53.5% in January, down to 47.4% in August.


Which of its competitors managed to gain from it?


Read more to find out.

24h Hot Searches Worldwide ๐Ÿ”ฅ

  • Bitcoin                          (-0.3%)

  • Arbitrum                      (-7.0%)

  • Solana                           (-2.8%)

  • Ethereum                     (-1.8%)

  • Sui                                 (-5.9%)

  • GALA                             (-5.1%)

  • Bella Protocol              (-3.3%)

We may not know exactly when we'll experience the next bull run, but it may be wise to make preparations in advance!

Back From The Dead?


The decentralized social media platform, Friend.tech, has experienced a remarkable resurgence in total value locked (TVL), with TVL doubling to over $20 million in just the last four days.


This surge in TVL comes shortly after critics had suggested that the platform was losing momentum, deeming it "dead" due to declining activity on the app.


Cointelegraph

Cutting The Lifeline


Crypto exchange Binance's NFT marketplace is bidding farewell to its support for the Polygon Network.


Users cannot buy or list Polygon NFTs on the marketplace and stake LAND NFTs hosted on Polygon to earn daily The Sandbox (SAND) rewards. To ensure a smooth transition, users are encouraged to withdraw their NFTs through the Polygon Network before the end of the year, with the deadline set for December 31, 2024.

Decrypt 

Divide and Conquer


Ripple, the cryptocurrency payments company, has added to its series of acquisitions by striking a deal to purchase Fortress Trust, a blockchain infrastructure firm.


This move is aimed at broadening Ripple's portfolio of regulatory licenses. Fortress Trust, a subsidiary of Fortress Blockchain Technologies and holds a Nevada Trust License, provides infrastructure services to enterprise-level cryptocurrency clients, primarily through its technology and licensing solutions.

CoinDesk

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