Cryptocurrencies

G7 leaders, heads of major AI companies and representatives of the tech industry discussed the risks of overreliance on American artificial intelligence models during a summit in Evian-les-Bains, France. FT reports this. During the G7 summit, French President Emmanuel Macron and Indian Prime Minister Narendra Modi warned that…

The US Federal Reserve (Fed) kept its benchmark interest rate in the range of 3.5% to 3.75%. This triggered a sell-off of cryptocurrencies: immediately after the US central bank's announcement, Bitcoin fell by almost 1.2%. Major altcoins dropped 2-3%. Over the past day, Bitcoin lost 2.3% of its value, falling to around $64,000. Ether declined by 3%…

On June 18, a hacker breached an unused smart contract on the Aztec L2 network. According to a preliminary estimate, the amount of damage is about $2.15 million. We are investigating a potential exploit affecting a deprecated Aztec payments product from 2021. ~$2m was transferred from the immutable smart contract in transaction: deprecated product is an…

The government of the Kingdom of Bhutan transferred 533 bitcoins worth about $34.5 million to the Binance crypto exchange. The operations were recorded by analysts of the Arkham Intelligence platform. The transfers came from a wallet linked to the state investment company Druk Holding & Investments. The largest single transaction was 227.19 bitcoins ($14.7 million), another one —…

Despite the fact that the bitcoin (BTC) rate holds above $64,200, seller pressure on the market is not easing. As CryptoQuant analyst Arab Chain notes, the cumulative volume delta (CVD) indicator on the Binance exchange remains deep in the negative zone — about −899,000 BTC, which reflects a clear predominance of sell orders over buy orders. The CVD indicator…