🦎🚀 Is it time to sell the pump? ⬆️

Thursday, October 26, 2023

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FTX Selling The Pump?

Blockchain analytics firm Nansen has reported a series of asset transfers from the FTX estate to a Binance address.

According to on-chain data, the assets transferred include $2.2 million in Chainlink (LINK), $1 million in Aave (AAVE), $2 million in Maker (MKR), and $3.4 million in Ether (ETH), amounting to a total of $8.6 million. These transfers to Binance are intended "to either sell or to prepare to sell these funds," as indicated by Nansen.

In today's news, we have the MATIC rebranding to POL, Maestro exploited, and FTM releasing a new tech stack called Sonic.

Read on!

24h Hot Searches Worldwide 🔥

Polygon (+5.3%)
USDC (+0.0%)
Kucoin (+2.1%)
Avalanche (+10.3%)
The Sandbox (+6.1%)
Toncoin (+1.6%)
UFO Gaming (+34.6%)

CoinGecko's 2023 Q3

Crypto Industry Report!

Our comprehensive 2023 Q3 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.

Check out these 6 highlights you shouldn't miss!

Exchanges often use one of two common models - the order book, or the automated market maker. Watch to find out how they differ and their pros and cons

Order Book vs AMM

New Polygon, New Token.

Polygon Labs has deployed contracts for the project's next-generation cryptocurrency, POL, on the Ethereum mainnet following a testnet deployment earlier this month.

The new POL token will replace the network's current MATIC token, as Polygon will not support both. MATIC holders will have a four-year window to migrate their holdings to the new POL token.

CoinDesk

FTM Has Its Own Sonic

Fantom co-founder Andre Cronje is spearheading a major overhaul of blockchain technology, which involves a significant upgrade to Fantom's technology stack, aptly named Sonic due to its focus on enhancing speed.

According to claims, Sonic is expected to accelerate Fantom's performance by an additional 65 times. It will also simplify the process of launching a network node and substantially reduce storage costs for network nodes, lowering the entry barrier for regular users to participate in securing the network.

Decrypt

Maestro Breached!

Maestro, one of the largest Telegram bot projects in the ecosystem, experienced a significant security breach.

The project was exploited due to a critical security vulnerability in its Router2 contract, leading to the unauthorized transfer of over 280 ETH (valued at $500,000) from user accounts. Maestro has taken steps to resolve the issue, but access to tokens in liquidity pools on specific decentralized exchanges (DEXs) will remain temporarily unavailable.

The Block

What are the differences between optimistic and zero knowledge rollups? We look at how these 2 vertical scaling solutions work and how they compare against each other.

Check out this comparison!

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