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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism
Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism

The decentralized lending protocol said in a post-mortem report that it suffered an exploit that resulted in losses of $20 million. The team added it’s ready to offer a bounty to the attacker in exchange for return.

The Block·2024/05/15 06:04
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz

Bitcoin will likely chop between $55,000 and $75,000 until the market gets a “new narrative,” Galaxy’s CEO believes.

Cryptopotato·2024/05/15 00:49
Flash
  • 12:02
    Standard Chartered Analyst: CPI and Bitcoin may drop to 80,000 USD before Trump's inauguration, it will be an "excellent mid-term buying opportunity"
    According to Jinshi reports, the price of Bitcoin has slightly increased today, but it is still below $100,000 after falling from last month's record high. Standard Chartered Bank analyst Geoffrey Kendrick stated in a report: "For digital assets, caution may be the best choice for about a week." He said that tonight's U.S. inflation data might be stickier than expected and people have high expectations for positive news on cryptocurrencies after Trump's presidential inauguration ceremony on January 20th. All these bring huge macroeconomic risks. The report predicts that if Bitcoin falls below the support level of $90,000, it could further probe down to $80,000 which would constitute an "excellent mid-term buying opportunity". Based on Trump's supportive stance towards cryptocurrencies, Standard Chartered Bank maintains its forecast target of Bitcoin reaching $200,000 by the end of 2025.
  • 11:17
    Virtuals Protocol updates the value accumulation mechanism, including the introduction of a proxy partnership mechanism
    PANews reported on January 15th that Virtuals Protocol announced an update to its value accumulation mechanism to better support the builders of the Virtuals ecosystem. 1. Post-bonding transaction tax will be distributed as follows: 30% allocated to proxy creators, 20% allocated to proxy partners, and 50% allocated to sub-DAO of the proxy for future governance decisions. 2. Rewards for creators will be sent directly to the wallet of the proxy deployer. 3. The introduction of a proxy partner mechanism is designed to coordinate incentives between trading platforms/interfaces (such as TG bots) and the Virtuals ecosystem; when these platforms become proxy partners, they will receive 20% of post-bonding transaction tax from their facilitated transactions - these funds can be used for rewarding their community or other initiatives. In addition, Virtuals Protocol stated that since October 16th, 2024, Virtuals has accumulated a total of 12,990,427.85 VIRTUAL coins from post-bonding transaction revenue. These funds will be used in the next thirty days through Time Weighted Average Price (TWAP) mechanism for repurchasing and destroying corresponding agent tokens.
  • 11:12
    The Meme project Neiro has announced that it has increased its holdings by 28.6 million DOG tokens through multi-signature addresses
    Golden Finance reports that the Meme project Neiro on the Ethereum mainnet has announced that our Neiro multi-signature wallet has increased its holdings by 28.6 million DOG tokens. The total holdings account for 0.98% of the DOG supply.
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