Author: msmark

Munchables, a web3 game operating on the Ethereum layer-2 network Blast, has successfully recovered the $62.5 million it recently lost to an exploit. The platform disclosed that the attacker voluntarily provided all relevant private keys to facilitate the return of user funds. The keys holding the $62.5 million worth of ETH, 73 WETH, and the main owner key were shared. Pacman, the founder of the layer-2 network, corroborated this development, stating that the hacker returned all stolen funds without demanding any ransom. Furthermore, Pacman announced that $97 million had been safeguarded in a multisig account controlled by Blast’s core contributors.…

The three leading artificial intelligence blockchain projects —Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—are on the verge of a potential merger into a new token named Artificial Superintelligence (ASI), with the collective aim of establishing a decentralized AI behemoth. This initiative seeks to position them as formidable contenders against established tech giants such as OpenAI, Google, Microsoft, and Apple, by leveraging the intrinsic benefits of blockchain technology for AI development. Fetch.AI + AGIX + OCEAN = ASI This breaking news was positively received by the market. In the last 24 hours, Fetch.AI has seen a 12% increase, SingularityNET a…

The Swiss Franc pares early gains after change in market sentiment. The Franc had risen after the ZEW survey showed Swiss investors were optimistic about the economic outlook.  The survey showed an increase in sentiment for the second month in a row.  USD/CHF hits a key upside target and rolls over – potentially initiating a pullback.  The Swiss Franc (CHF) is trading lower on Wednesday after a shift in market sentiment and a broad-based rise in the US Dollar (USD). The Swiss Franc had traded higher in most key pairs during the early European session, after the release of a Swiss investor survey…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In Nigeria, home of the largest digital asset economy in Africa, a feud has been developing between the government and Binance—a feud that has culminated with one of the company’s executives escaping house arrest and fleeing the country. Boasting the sixth-largest population in the entire world, the Federal Republic of Nigeria holds a large economic influence over the African continent and…

A trader is enjoying massive gains after being an early investor in a new memecoin launched on Coinbase’s Ethereum (ETH) layer-2 scaling solution Base. According to blockchain tracking firm Lookonchain, one savvy trader achieved a 308x gain after using three ETH worth $6,991 in January to purchase Degen (DEGEN). “Only invested three ETH ($6,991) on DEGEN, this trader made $2.15 million, a gain of 308x! He spent three ETH ($6,991) to buy 277 million DEGEN on January 8th, then sold 77 million DEGEN for 134 ETH ($370,000), with 100 million DEGEN ($1.79 million) left.” DEGEN, which launched on Base in…

USD/JPY News and Analysis‘Decisive steps’ to be considered by Japan’s Finance MinistryUSD/JPY flirts with danger – trading perilously close to the 152.00 markerLower liquidity over the Easter holidays may provide a suitable opportunity to strengthen the yen but timing remains unclearLearn how to setup for market moving news and data by implementing this easy to use approach: Recommended by Richard Snow Trading Forex News: The Strategy ‘Decisive Steps’ to be Considered by Japan’s Finance MinistryJapan’s minister of finance Shunichi Suzuki stated that authorities could take ‘decisive steps’ in his strongest warning to the FX market this year. Recent USD/JPY price…

2024.03.27 2024.03.27 Will Aussie rise? Forecast as of 27.03.2024Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/Despite a number of positive news from the Chinese and Australian economies, AUDUSD continues to fall. Traders have added up to AUD net shorts to record levels, and with good reason. Let’s discuss this topic and make up a trading plan.Weekly Australian dollar fundamental forecastInvestors do not believe that the titanic efforts of official Beijing will save the Chinese economy. Good news is perceived as temporary, and administrative methods do not work. This is also facilitated by the growing risks of protectionist Donald Trump returning to power. Thus, the weakness of the yuan…

Ethereum co-founder Vitalik Buterin has launched a proposal to enhance the decentralization and fairness of the Ethereum network’s staking process, marking a significant stride in refining the protocol. Dubbed the “anti-correlation incentive” program, this initiative seeks to penalize what is considered routine mistakes by validators, such as failing to complete an attestation—a process vital for the network’s security and efficiency. The rationale behind Buterin’s proposal stems from an observation within decentralized systems: errors made by one participant are likely to be mirrored across other nodes or validators controlled by the same entity. The anti-correlation incentive is designed to discourage such…

AUD/USD is flirting with a short-term support zone ahead of Australia’s retail sales report! Can the Aussie see enough bullish pressure to revisit higher areas of interest after a technical support bounce? Before moving on, ICYMI, yesterday’s watchlist looked at USD/JPY’s triangle consolidation ahead of the U.S. core durable goods orders. Make sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: U.S. Durable Goods Orders for February: 1.4% m/m (0.7% m/m forecast; -6.9% m/m previous); Core orders came in…

USD/JPY 5-minute chartUSD/JPY sees a bit of a quick dip to just under 151.50 now as this sudden meeting is called. It will take place in a little over 10 minutes from now with Japan top currency diplomat Kanda to brief the media after. That is a quick change of thinking after his earlier comments here.Typically, one can expect Kanda to reaffirm the same kind of verbal intervention that we have been getting all day. And I wouldn’t expect that to be different this time around. If anything else, they should just reiterate that all options are on the table…