☠ How Did Attackers Make $15m?

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Markets

Bitcoin, Ethereum Jump as Fed Chair Signals Slowing Rate Hikes (4 minute read)Bitcoin and the wider crypto market jumped Wednesday after Federal Reserve Chair Jerome Powell said in a speech that December would likely bring smaller interest rate hikes. Bitcoin was trading for $17,102 at the time of writing—up over 4% in the past 24 hours, according to CoinGecko. Ethereum, the second largest digital asset, jumped even more and was up over 6% in 24 hours, trading hands for $1,287.

Vitalik Buterin on the crypto blues: Focus on the tech, not the price (5 minute read)The Ethereum co-founder has recommended weary crypto investors to shift away from price watching and focus on the tech instead - stating on twitter: "I'd recommend increasing your distance from trading/investing circles, and getting closer to the tech and application ecosystem. Learn about ZK-SNARKs, visit a meetup in Latin America, listen to All Core Devs calls and read the notes until you've memorized all the EIP numbers.."

Axie Infinity Leads Metaverse, NFT Token Rally as Trade Volumes Surge (4 minute read)Metaverse and NFT-focused cryptocurrencies, including Axie Infinity (AXS),Flow (FLOW), Apecoin (APE), and Sandbox (SAND), have posted significant gains over the past 24 hours. Play-to-earn (P2E) gaming platform Axie Infinity’s AXS governance token soared 25.6% in the last 24 hours, making it the largest gainer among the top 100 cryptocurrencies, per Coingecko.

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Tech

How Attackers Made $15M From Staking Platform Helio After Ankr Exploit (4 minute read)An unknown group of attackers were able to drain some $15 million in liquidity from BNB Chain-based staking platform Helio on Friday morning after exploiting an oracle issue on the protocol, on-chain data shows. The Ankr exploit caused the prices of aBNBc tokens to plunge 99% in the minutes following the attack, setting the base for the second exploit on Helio. It is unclear at writing time if both the attacks were conducted by the same attacker or group of attackers.

How to Move Bitcoin, Ethereum and Other Crypto to Self-Custody (8 minute read)The self-custody of Bitcoin, Ethereum, and other cryptocurrency assets is grabbing much more attention ever since Sam Bankman-Fried's FTX exchange unexpectedly blew up a couple of weeks ago in a whirlwind of drama. If having full control of your crypto sounds appealing to you, then follow these steps to move your funds from an exchange to a wallet that you own.

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Misc

Play Casual Games, Win NFTs: Burn Ghost Raises $3.1M for Gaming Platform (5 minute read)Burn Ghost, a startup focused on casual games that reward NFT prizes to players, has raised $3.1 million in funding. The seed round, which was completed in April, was co-led by Drive by DraftKings and gaming-centric fund Bitkraft Ventures, with participation from Pillar VC as well. Rather than develop complex, robust games built around NFTs—which have rubbed some gamers the wrong way—Burn Ghost will focus on simple, approachable casual games that have a skill component to them. CEO and co-founder Steve Curran told Decrypt that trivia experiences will be among the first original games on the web-based platform.

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