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Hackers have managed to steal $500,000 worth of tokens from layer-2 scaling solution Arbitrum’s March 23 airdrop. The theft was carried out through the use of vanity addresses, customized cryptocurrency addresses that contain specific words or phrases chosen by the user to make them more personal and identifiable. While vanity addresses offer a level of personalization and identification, their safety is questionable, as they can compromise the security of users’ private keys.

As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallets into two wallets.

Bitcoin's price has been on a rollercoaster ride over the past few weeks, with sudden spikes and dips causing uncertainty for investors. In a surprising turn of events, the cryptocurrency suddenly blasted up to $28,500 - leaving many wondering what was going on. 

The Dogecoin price has dropped by 2.5% in the past 24 hours, falling to $0.072580 as the wider cryptocurrency market suffers a 1% decline.

cryptocurrency markets were trading mixed on Monday. Bitcoin, Solana and BNB gained, while Ethereum, Polygon and Shiba Inu were trading with cuts. «BTC broke above $28,000 briefly on Monday as the collapse of US banks like SVB and signature has rekindled the debate on the importance of DeFi and digital assets. Bitcoin is poised to test $30,000 very soon but may face some resistance at that level. The FOMC meeting this week will be a major market-moving factor,» Shivam Thakral, CEO of BuyUcoin, said. Edul Patel, Co-founder and CEO at Mudrex, said, «With instability in the banking sector, inflation data that exceeded expectations, and renewed optimism about a dovish Federal Reserve, Bitcoin has reached levels unseen in approximately nine months.» Bitcoin (BTC) rose 1.10% to $27,519, while Ethereum (ETH) was above the $1,750 level. The global cryptocurrency market cap was trading around $1.16 trillion, rising 0.13% in the last 24 hours.

The Securities and Exchange Commission (SEC) has charged the exiled Chinese business tycoon Miles Guo with fraud related to crypto and other assets.

cryptocurrency markets were trading higher in Tuesday's trade. Bitcoin (BTC) rose 9.25% to $24,514 whereas Ethereum (ETH) was above the $1,650 level. BTC volume stood at approximately $48.26 billion, rising 39.89% in the last 24 hours. Meanwhile, the global cryptocurrency market cap was trading higher around $1.08 trillion, rising 5.11% in the last 24 hours. «In the last 24 hours, Bitcoin experienced a surge of almost 10%, surpassing the US$24,000 mark, following the announcement that U.S. regulators have backed Silicon Valley Bank and Signature Bank. This news has given investors, and traders hope that the banking sector's recent near meltdown will prompt the Federal Reserve to ease its monetary hawkishness. As a result, BTC has risen above a floor and reached a two-week high,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher.

Investors are delicately walking on eggshells following a series of events with the potential to alter the direction of the entire market for weeks—and possibly months. The largest meme coin by market capitalization bowed to the massive overhead pressure during the weekend.

The world's top cryptocurrency, Bitcoin, has sharply declined, reaching its lowest value in two months. The second most valuable cryptocurrency, Ether, also experienced a similar downward trend in value. 

The second-largest cryptocurrency, ETH is stable as it embraces support at $1,500 however, analysts believe a recovery is unlikely ahead of the scheduled Shanghai hard fork. Ethereum price dodders at $1,555 at the time of writing amidst a -1% change in 24 hours.

Over time, the degree of correlation between the traditional market and the crypto-market has shifted. Both open questions are how much the gap widened and what caused the prevailing correlation.

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The Ethereum price is unchanged in the past 24 hours, with its move to $1,567 over the weekend meaning that it has fallen by 4% in a week and by 6% in the last 30 days. However, it remains up by 31% since the start of 2023, with its $1,550 support level holding strong in the past few days, suggesting that it won't be returning to the lows of last year.

cryptocurrency markets were trading in the red on Friday, with a decline of 4% in the global crypto market cap. Bitcoin (BTC) fell 4.5% to $22,386, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $26.01 billion, rising 12.56% in the last 24 hours. «In the past 24 hours, Bitcoin, Ethereum, and other cryptocurrencies dropped in value due to the release of US manufacturing data and uncertainties concerning access to banking services for crypto companies in the US. Furthermore, the fallout of Silvergate has also played a role in the decline. Bitcoin is at its lowest point in about two weeks and is trading below $23,000 at $22,300,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top tokens were also trading lower on Friday. Litecoin declined by 8%. Dogecoin, Solana, Cardano, and BNB were also trading with cuts. The global cryptocurrency m-cap was trading lower around $1.03 trillion, falling 4.01% in the last 24 hours. The total volume in DeFi is currently 5.39 billion, 9.78% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.24 billion, which is 91.11% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Thursday. Bitcoin (BTC) fell 1.03% to $23,551, while Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $23.49 billion, rising 4% in the last 24 hours. «Bitcoin dropped toward US$24,000 early Wednesday following the U.S Consumer Confidence data. However, it again rebounded to the US$23,500 level. BTC has increased by more than 1% in the past 24 hours. But BTC still seems to be a little weak and will need to recover to make a sharp move in the coming days,» Edul Patel, Co-founder and CEO at Mudrex, said. The immediate support of ETH is at the US$1,600 and US$1,550 levels, while the resistance holds at the US$1,670 level, Edul added. Other top crypto tokens were also trading lower. Shiba Inu declined by 2.3%. Solana, Polkadot, Cardano and BNB were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.73% in the last 24 hours.

Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson.

cryptocurrency markets were trading lower on Tuesday. Bitcoin (BTC) fell 0.31% to $23,435, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $22.28 billion, rising 29.46% in the last 24 hours. «On Monday, most cryptocurrencies declined after the release of the US Durable Goods Orders data for January. The data showed a 4.5% drop, causing concern among investors and traders about the possibility of inflation and interest rate hikes, despite strong economic data for the same period,» Edul Patel, Co-founder and CEO of Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. Polygon declined by 3.5%. Solana, Polkadot, Shiba Inu, and Litecoin were also trading lower. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.45% in the last 24 hours. The total volume in DeFi is currently 5.06 billion, 11.17% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.53 billion, which is 89.48% of the total crypto market 24-hour volume.

Web3 project Fight Out is ready to bring combat sports and fitness into the metaverse with its revolutionary fitness app that is set to transform the move-to-earn space.

The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27. 

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Bitcoin [BTC] had been leading the charge of the bullish sentiment surrounding crypto over the past few days. Due to its positive rally over the past few weeks, its correlation with the S&P 500 declined. Moreover, there has always been talk about how Bitcoin could act as an inflation hedge. This argument gained more credence as BTC decoupled from S&P 500.