Galaxy Digital 200M$ Share Buyback Program

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The post Can XRP Repeat Its 300% Surge and Reach $5? Analysts Weigh In appeared on BitcoinEthereumNews.com. One of the most notable outcomes of the bull run has been the 300% price increase of XRP this year. Investors are wondering if XRP may reach $5 in 2025, given the pace driven by ecosystem improvements, institutional interest, and legal clarity. Numerous analysts hold this view, pointing to significant demand stimulants such as the impending approval of the XRP ETF and the introduction of XRP options on CME. Beyond conjecture, the fundamentals of XRPL are more solid than ever. In just a few months, the network’s TVL increased from $20 million to over $100 million, and cross-chain DeFi applications are becoming more accessible because to EVM compatibility. XRPL is changing into a center for liquidity and intelligent financial solutions as a result of this innovation surge. As the native DEX that XRPL has long required, DeXRP is becoming more and more popular. DeXRP is getting ready to launch as the focal point of XRPL’s new DeFi economy, having already generated over $6.6 million in presale and attracted over 9,500 investors. What is DeXRP?  As the first decentralized exchange (DEX) based on XRPL, DeXRP is taking center stage as XRP continues to solidify its place in the global market. Massive expectation has been generated by the combination of DeXRP’s ambition for an advanced trading platform and XRPL’s established infrastructure, which is renowned for its quick transactions, cheap fees, and institutional-ready capabilities. In contrast to a lot of speculative presales, DeXRP’s development shows both institutional interest and community-driven momentum. Its early achievement of the $6.4 million milestone demonstrates how rapidly investors are realizing its potential. DeXRP Presale Success More than 9,300 distinct wallets have already joined the DeXRP presale, indicating a high level of interest from around the world. A crucial aspect is highlighted by the volume and variety of participation:…

A cryptocurrency investor recently lost $6.28 million to a sophisticated phishing scam that exploited malicious signature approvals. The incident serves as a significant reminder of the increasing prevalence of “permit phishing” schemes, which pose a serious threat to users in the DeFi ecosystem. Attacker Steals $6.28 Million   The attack began when the victim received a targeted phishing message that appeared to be a legitimate update from a decentralized finance (DeFi) platform. Tempted by offers of better returns, the investor connected their wallet to a fake website. There, they signed an EIP-2612, which includes a feature that allows token approvals without gas fees. However, it can also unintentionally give scammers unlimited spending access to a smart contract.  The theft occurred shortly after the approvals were granted. The scammer quickly executed a contract that drained 3,200 stETH and a matching amount of aEthWBTC from the victim’s wallet. The loot, which was traced to a mixer address, revealed a calculated plan to conceal the trail.  The entire theft took less than 12 minutes, using automated scripts for speed. Scam Sniffer noted that the victim’s portfolio, which was worth over $10 million before the attack, lost half its value immediately. The rapid process allowed no time for intervention, as blockchain transactions cannot be reversed once completed. On-chain analysis indicated that the assets were unlikely to be recovered, as they were likely laundered through exchanges. Not New   Following the exploit, some users on X have expressed shock, wondering how the victim unwittingly signed malicious token approvals. However, this subtle trap has long troubled the crypto space. For instance, earlier this month, a user of Venus Protocol lost $13.5 million. The victim fell prey to a phishing scam by approving a transaction from a malicious Core Pool Comptroller contract, which granted the attacker access to their funds. Once permission was given, the hacker quickly drained stablecoins and wrapped tokens from the trader’s wallet.  Surprisingly, though, a few hours after the incident, the Venus team tracked the stolen funds by force-liquidating the hackers’ trade positions. The team fully recovered the stolen funds afterwards, leaving the thief with nothing. The post Crypto Investor Loses $6.28M to Sophisticated Phishing Permit Scam appeared first on Cointab.