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Shibarium, the layer-2 blockchain by Shiba Inu, has witnessed remarkable growth, nearing nearly one million transactions in a significant surge. Data from Shibariumscan shows a remarkable 228.5% surge in transaction volume over 24 hours, reaching a massive 958,440 transactions.
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5377 BTC WORTH $338.5 MILLION
TO COINBASE.
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Data reveals that, ethereum has emerged as the leading victim of blockchain hacks in 2024, with 33 reported incidents followed by BNB chain (14). Arbitrum and Solana have each experienced 6 incidents, while Bitcoin has seen only two.
2024's top 10 hack losses.
Orbit Bridge: $81,680,000
Munchables: $62,800,000
PlayDapp: $32,350,000
FixedFloat: $26,100,000
GMEE: $15,000,000
WOOFi: $8,750,000
Coinspaid: $7,500,000
Abracadabra Money: $6,500,000
Seneca: $6,500,000
Gamma Strategies: $6,200,000
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BytePlus, the enterprise technology division of ByteDance, parent company of TikTok, is teaming up with Mysten Labs to incorporate cutting-edge AI algorithms and data warehousing tech into the Sui blockchain ecosystem. This collaboration marks BytePlus' venture into Web3, made possible through a strategic alliance with Mysten Labs, the creators of the Sui layer-1 blockchain.
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Kraken, the second-largest cryptocurrency exchange in the United States, has launched its own wallet, positioning itself alongside Coinbase and other major players such as MetaMask, Ledger, and Trezor in the competitive product landscape.
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The blockchain will utilize Optimism's OP stack blockchain-building framework, providing users with reduced fees and quicker transaction speeds. It's engineered to prioritize authentic human users over AI bots and trading algorithms. Those who verify their identity through Worldcoin's retina-scanning "orb" device will receive exclusive benefits.
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In a recent interview with Tucker Carlson, Pavel Durov, Telegram's founder, advocates for secure communication devices akin to crypto wallets to combat increasing government surveillance. He likened the autonomy of crypto wallets to the necessity of communication privacy, drawing from his own encounters with the FBI. This aligns with Telegram's adoption of the TON blockchain cryptocurrency, which empowers users and operators alike. TON has surged to the top 10 cryptocurrencies, valued at over $21 billion. Durov's proposal gains significance amidst Edward Snowden's warning about potential NSA surveillance expansion through amendments to the FISA 702 bill, potentially impacting internet service providers.
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Binance and 9 foreign crypto exchanges were blocked in India over noncompliance with local AML regulations.
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Google searches for the Bitcoin halving have skyrocketed to an all-time high, surpassing double the interest seen during the previous halving in 2020. According to Google Trends, the search term "Bitcoin halving" has already scored 51, and projections suggest it could hit 100 by the end of this month.
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Bitcoin fees have surpassed Ethereum's for three days as miners prep for the halving and Runes. On April 17, Bitcoin miners earned $7.47 million in fees, edging out Ethereum stakers by $160,000. Over the same period, Bitcoin miners earned $9.98 million and $5.91 million respectively, surpassing Ethereum stakers by $3.5 million and $1.1 million. However, Ethereum maintains a slight lead on a 7-day average fee basis, at $8.55 million compared to Bitcoin's $7.57 million.
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