🚨 Users Beware: Crypto Drainers Target Newer Blockchains Like TON and TRON

🔒 The crypto ecosystem has always been a playground for malicious actors seeking to snatch user funds.

💰 Shockingly, a recent Crystal Intelligence report reveals that a staggering $19 billion worth of digital assets have been pilfered since June 19, 2024.

🔓 Not only that, but the industry has also witnessed 785 reported hacks and exploits during this period. It's clear that the threat is real.

⚡️ Newer blockchains are now in the crosshairs of these criminals. Blockchain security firm Blockaid sounded the alarm on August 31, announcing the arrival of an upgraded version of the infamous Angel Drainer phishing toolkit – meet "AngelX."

💣 The original Angel Drainer made off with over $400,000 from 128 wallets earlier this year. It even played a part in the Ledger Connect Kit Attack, targeting Ledger wallet users.

👨‍💻 According to Oz Tamir, a researcher at Blockaid, AngelX is particularly menacing because it supports new chains like TON and TRON, making it easier for scammers to set up shop.

🟥 So why are these drainers shifting their focus? Tamir believes it's because improved security measures are making it harder for them to operate on established networks. Newer chains with lesser security become tempting targets.

📈 In fact, Blockaid's analysis shows that as networks grow, so does drainer activity. The rise of TON was accompanied by an uptick in scams – a stark reminder to stay vigilant in this ever-evolving crypto landscape.

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🐶 Dogecoin Whales Dumping Tokens, Can $DOGE Price Still Hit $1 This Year❓

Dogecoin whales have started to reduce their DOGE holdings as September kicked off, sparking concerns over the coin's $1 price target.

👉 Read more

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✅ Pro-Crypto Attorney John Deaton to Face-off Sen. Warren in Massachusetts this November

➡️ Crypto-friendly lawyer John Deaton has emerged victorious in the Massachusetts Republican US Senate primary, setting the stage for an exciting clash with crypto antagonist Senator Elizabeth Warren in the upcoming November elections.

🏆 Deaton's triumph over fellow Republicans Bob Antonellis and Ian Cain has energized his campaign, as he declares, "We're not here to play second fiddle; we're here to make history!"

💰 With a campaign war chest of $1.36 million in Q1, Deaton has outpaced Warren's fundraising efforts, signaling a strong pro-crypto sentiment among his supporters.

🤝 Expressing gratitude for the voters' support, Deaton vows to hold Sen. Warren accountable on a range of issues, from border security to healthcare and family affordability.

🔒 While Deaton's victory speech didn't explicitly touch on cryptocurrencies, his track record as a prominent attorney in the SEC vs Ripple lawsuit suggests a favorable stance towards digital assets.

🎙 Sen. Warren, seeking a third term, is gearing up for the challenge and has agreed to two debates in October, indicating the significance of this race for Senate control.

💸 Notably, a PAC backing Deaton received substantial contributions from influential figures in the crypto space, including Ripple's Chris Larsen and Brad Garlinghouse and Gemini's Winklevoss Twins.

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🚀 PayPal's PYUSD Hits $1B Market Cap in a Flash: A Stablecoin Success Story

💎 PayPal's foray into the crypto realm has been a triumph, and its very own stablecoin, PYUSD, has just crossed the $1 billion market cap milestone in under a year!

🌐 Launched in 2023, PYUSD is securely pegged to the mighty U.S. dollar at a steadfast 1:1 ratio, providing both stability and utility in our digital economy.

🔒 Issued by Paxos Trust Company, a trusted and U.S.-regulated entity, PYUSD boasts top-notch compliance and security standards, making it a go-to choice for digital transactions.

🔗 PYUSD's strategic move to become an ERC-20 token on the Ethereum blockchain pays off big time! It seamlessly integrates with third-party developers, wallets, and Web3 apps, boosting its usability across the blockchain ecosystem.

💼 For developers and businesses alike, this means a smoother onboarding process and an opportunity to integrate digital assets with ease using the practicality of PYUSD.

📈 The rise of PYUSD not only underscores the demand for stable digital currencies but also aligns perfectly with PayPal's vision of bridging traditional finance with decentralized finance (DeFi).

💡 As PayPal's CEO Dan Schulman emphasizes, reliable and fiat-backed financial instruments like PYUSD are key to navigating the digital landscape while mitigating volatility.

🌍 With PayPal's global reach and tech prowess behind it, PYUSD is set to play a significant role in shaping the future of digital payments as we embrace a more blockchain-driven world.

✨ As this stellar stablecoin continues to soar past milestones, it's clear that the era of digital finance is upon us – and PYUSD is here to stay as a trusted cornerstone in this exciting new era.

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🔥 DeFi Disruption: Radix Slashes Workforce by 15% to Streamline Operations

💼 In a bold move to tighten its belt, Radix is bidding farewell to 15% of its workforce. CEO Piers Ridyard, breaking the news on Telegram, revealed that this strategic shake-up is all about cost-cutting.

🔄 But it's not just about trimming the fat. This downsizing is part of a grander plan for Radix, as they set their sights on operational optimization and staying agile in a rapidly evolving market.

🚀 While change can be unsettling, Ridyard reassures us that the vital projects like Flash Liquidity and MFA are still full steam ahead. Flash Liquidity aims to boost liquidity and reduce fees – music to DeFi enthusiasts' ears!

⚡️ Brace for impact! While the core projects remain intact, there might be some minor turbulence in your usual dealings with RDX Works. Stay nimble, folks!

🟠 With the Babylon Upgrade already in the rearview mirror, Radix is laser-focused on its mission to make DeFi and Web3 more scalable, secure, and user-friendly. Think of them as the architects of Layer-1 protocols.

💰 It's not all doom and gloom – far from it! Radix has been busy building bridges with a newly formed alliance that includes Keyrock, G-20, and Portofino. Together, they're on a mission to bring liquidity galore to the Radix ecosystem.

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