A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App

Ethereum’s budding decentralized finance ecosystem has gone parabolic over recent weeks. The value of cryptocurrencies locked in DeFi applications has skyrocketed to $1.65 billion, 65% higher than this metric was just 12 days ago. Simultaneously, the number of users leveraging applications like Compound, Maker, and Synthetix has skyrocketed. Unfortunately, a purported hack just took place…

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Bitcoin On-Chain Data Hints Price Breakout Towards $11K

Bitcoin price can break above $10,000 even as it eyes a choppy price action in the weeks ahead. The upside bias takes its cues from the crypto’s on-chain data, including higher buying strength, declining capitulation sentiment, and rising transactional volume. Phi Deltalytics, an independent cryptocurrency analysis portal, sees Bitcoin hitting $11,700 in the coming sessions.…

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