⚠️ Massive phishing on Ledger: Are your cryptos in danger?
Welcome to the Daily Tribune of Wednesday, October 16, 2024 ☕️
Hello Cointribe! 🚀
Today is Wednesday, October 16, 2024, and like every day from Tuesday to Saturday, we summarize the news of the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
Tesla transfers 770 million dollars in Bitcoin: The market holds its breath 😱
Yesterday; October 15, 2024, Tesla transferred 11,509 Bitcoins, valued at an estimated 770 million dollars, to new addresses. This movement, which occurs after two years of inactivity on its Bitcoin reserves, raises numerous speculations. Investors question Tesla's intentions: is it a simple security measure or an imminent sale before the financial results announcement on October 23?
Although Tesla has not sold BTC since 2022, some analysts fear that this operation signals a new liquidation, which could cause increased volatility in the cryptocurrency market. For now, neither Elon Musk nor Tesla has commented on this transfer, leaving investors waiting.
Ledger targeted by a sophisticated phishing attack ⚠️
Ledger, a leader in hardware wallets for cryptocurrencies, is facing a new wave of fraudulent emails aimed at stealing its users' funds. Scammers send messages that appear to come from Ledger, asking holders to activate a fake security feature, "Ledger Clear Signing."
These emails redirect to a fraudulent site designed to mimic Ledger's official interface, where users are prompted to enter sensitive information, allowing attackers to steal their cryptos. This attack is part of a broader trend of phishing in the crypto world, with massive losses recorded in recent months, proving the need for users to be extremely vigilant against phishing threats.
Ethereum ready to explode according to Larry Fink 🚀
Larry Fink, CEO of BlackRock, expressed strong optimism for Ethereum, claiming that the cryptocurrency could experience spectacular growth in the coming years. Fink also considers Bitcoin as a standalone asset class, comparable to gold, highlighting its growing role as a store of value and diversification asset for institutional investors.
BlackRock continues its discussions with global financial institutions to further explore the opportunities offered by cryptos, thereby strengthening their legitimacy in the markets. The growing institutional adoption of these assets could revolutionize the global financial landscape and accelerate their integration into traditional investment portfolios.
Uniswap redistributes 468M$ to UNI holders 💰
Uniswap has launched its layer 2 blockchain, Unichain, and promises to redistribute up to 468 million dollars per year to UNI token holders. This redistribution comes from transaction fees previously allocated to Ethereum validators, now captured by Uniswap and its users.
Additionally, Unichain recovers the maximum extractable value (MEV), representing 10% of total fees, enhancing its appeal to investors. However, this change could reduce the revenues of Ethereum validators and affect the balance of power in the ecosystem. Some experts welcome this change for its potential to improve interoperability and speed up transactions, while others, like Vitalik Buterin, express reservations.
Crypto of the day: Dogecoin (DOGE)
Dogecoin is a cryptocurrency based on a proof-of-work (PoW) mechanism, similar to Bitcoin, but with a Scrypt algorithm, making it more accessible for mining. Initially created as a joke in 2013, it has become one of the most popular cryptos, mainly thanks to its active community.
Dogecoin stands out for its low transaction fees and an infinite supply of tokens, making it more suited for micropayments and online tips.
Its distribution has been fully mined, and its holders benefit from its growing use as a means of payment for goods and services. DOGE can be used on various platforms, notably for donations, tips, or as a trading currency in online communities.
Recent Performance
Current price: 0.1269 €
Change: +9.29% (increase over 1 day)
Market capitalization: 18.58 billion €
Rank on CoinMarketCap: 8
Technical analysis of the day: Solana (SOL)
Solana (SOL) is experiencing a significant rebound, recording a 17% increase in a week, reaching 155 $. After dropping to 110 $ during the overall market downturn, Solana has progressed to hit a peak of 164 $, although it has not yet crossed this critical resistance.
Solid support has formed at 120 $ and 133 $, with a "head and shoulders" configuration suggesting a potential bullish breakout. Solana has also surpassed key technical indicators, such as its 50 and 200-day moving averages, reinforcing optimism for a bullish recovery.
On the other hand, the growing interest in SOL/USDT perpetual contracts highlights positive momentum, although selling pressure persists. The liquidation heatmap shows sensitive zones around 163 $ and 174 $, which could trigger increased volatility.
If Solana remains above 133 $, a rise up to 164 $ and beyond remains possible, but a drop below this support could lead to a return to 126 $ or even 110 $, with significant fluctuations to watch closely.
🔗 Read the full analysis here.