North Korea’s Lazarus Group suspected in massive Upbit crypto breach
Key Takeaways Upbit, a major South Korean crypto exchange, suffered a theft from its Solana-network hot wallet. Deposits and withdrawals were suspended after the unauthorized transfer was discovered. Share this article North Korean hacking group Lazarus is suspected of orchestrating a cryptocurrency theft valued at approximately 45 billion won ($30.6 million) targeting South Korea’s largest…
Why is SHX’s price up today? Can it break THIS barrier?
Key Takeaways Why has Stronghold SHX rallied? The rally was most likely caused by the listing on Uphold, which sparked high demand in recent hours. Has the downtrend been breached? In the short term, yes, an uptrend was on the way to being established. The $0.0139 resistance, which is yet to be breached, was one…
Bitcoin Downtrend Driven by Early Whale Selling, Says Ki Young Ju
Bitcoin’s sharp correction from $110,000 to around $80,000 is linked to heavy selling by early whales with cost bases near $16,000. CryptoQuant CEO Ki Young Ju notes that on-chain metrics indicate Bitcoin is now in the “shoulder” phase of its cycle, suggesting limited short-term upside potential.This selling is overwhelming institutional demand from ETFs and MicroStrategy,…
MegaETH refunds all $500M after ‘sloppy’ pre-deposit campaign
Key Takeaways Why is MegaETH refunding all pre-deposit campaign funds? MegaETH announced on 27 November that it will return all $500 million raised in its chaotic 25 November pre-deposit bridge campaign, admitting that “execution was sloppy.” What happens next for depositors and the USDm bridge? All depositors will receive full refunds through a new smart…
Crypto Market Hints at a Two-Year Post-Thanksgiving Pattern Returning
The crypto market is showing its first meaningful recovery after a harsh November sell-off, and several metrics now resemble the same conditions seen around Thanksgiving in both 2022 and 2023. Bitcoin has reclaimed the $91,000 level, ETH is back above $3,000, and the wider market has returned to a cautious green. This bounce comes as traders…
