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Ethereum Breaks Barriers, Targets $6K Amid Record ETF, TVL Activity
The increasing prominence of Ethereum is once again in the spotlight, as recent data indicates a substantial inflow of funds into Ether-based ETFs. These products have experienced a remarkable $133 million in net inflows over the course of seven days, indicating a significant increase in institutional interest and investor confidence. Ethereum isn’t just optimistic about exchange-traded funds (ETFs). Analysts are making big price predictions for the cryptocurrency right now. This is because its network is being used more and more in decentralized finance (DeFi) and technical signs are showing that it will continue to rise. On December 3, the total...
Dow Jones Industrial Average flatlines on Friday, ends week where it started
Dow Jones is set to end the week close to where it started. The major equity index recovered after Monday's thousand-point plunge, but nothing more. Markets now pivot to focus on next week’s inflation data. The Dow Jones Industrial Average (DJIA) traded mostly flat on Friday, testing the waters near the week’s opening bids after a run of volatility sparked by broad-market concerns that the Federal Reserve (Fed) might have missed the train on rate cuts. A turn towards the softer side in US data prints late last week sparked a risk-off plunge across the global markets, coupled with an...
Crypto Hackers Pocket Over $400 Million in Q3
By Philip Maina 2 months agoSat Sep 28 2024 07:15:34 Reading Time: 2 minutes Crypto hackers have stolen more than $400 million in Q3 according to Immunefi Scammers have also pocketed roughly $3 million Most of the funds were siphoned from centralized crypto exchanges Crypto hackers and scammers have pocketed more than $ 413 million in Q3, 2024, according to a report by Immunefi. The report noted that only around $3 million went to scammers with the rest going to hackers. Immunefi disclosed that most of the hacked amount came from centralized exchanges like WazirX which lost $235 million to...
