DeFi News Daily Official TheBitTimes.com

As of October 16, Bitcoin has surged past $67,000 in 24 hours, marking significant activity in the cryptocurrency market. Altcoins are recording gains, with Arbitrum seeing a 0.75% rise and Stellar increasing by 1.01%. The upcoming U.S. presidential elections are adding uncertainty, as potential outcomes could impact cryptocurrency prices. Additionally, Grayscale plans to convert Solana, Avalanche, and XRP trusts into ETFs, which has attracted further interest. As the market continues to shift, investors are looking for the best cryptocurrencies to invest in right now . By analyzing price movements and institutional trends, they hope to identify promising altcoins that could offer strong potential for future growth. Best Cryptocurrencies to Invest in Right Now Arbitrum has recently expanded its capabilities by partnering with the Tria platform, aiming to improve chain abstraction. Meanwhile, NEAR Protocol is currently valued at $4.99, reflecting a 2.45% rise over the past week. Ad...

Macroeconomic policies in the U.S. and Japan have contributed to bullish movements for Bitcoin. The cryptocurrency’s price surged this week following key interest rate decisions by the Federal Reserve and the Bank of Japan. Since the U.S. Fed announced an interest rate cut, Bitcoin saw a rise of over 11% by the week’s end, climbing above $62,000 for the first time in September. At the same time, altcoins show signs of stabilization, with a higher low pattern forming. This suggests a decrease in selling pressure. With major price floors now established, altcoins seem to be entering a phase of low-volume, range-bound trading, which could potentially mark the beginning of a slow upward trend for the broader altcoin market. Given these developments, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar , which requires time and effort. 6 Best Cheap Cryptos to Invest Now Under 1 Dollar Pyth Network is working to broaden acc...

The liquidity manager app Concentric experienced a significant security breach today on the Arbitrum network. The breach involved a social engineering attack that enabled the unauthorized acquisition of a critical private key. This key belonged to the protocol’s deployment account and was instrumental in the attack. During the incident, the perpetrator managed to manipulate the protocol by upgrading the vaults and creating new liquidity provider (LP) tokens. This series of actions ultimately led to the extraction of assets from the vaults.  Exploiter is now targeting approvals on vaults, please revoke all approvals to these addresses:https://t.co/3vTEWu23BJ https://t.co/KlZo5PqjlI — Concentric.fi (@ConcentricFi) January 22, 2024 The breach was executed by gaining control of an employee’s deployer wallet on Arbitrum. The $1.7 million in stolen funds were converted into Ethereum and dispersed across three wallet addresses. Cybersecurity company Cyvers detec...