Loopring Suffered a $5 Million Attack
Loopring suffered a security breach in its ‘Guardian’ two-factor authentication service, allowing a hacker to initiate unauthorized wallet recoveries by bypassing the official Guardian. This breach only affected wallets with a single official Guardian and resulted in approximately $5 million worth of tokens being drained. Loopring is investigating, in collaboration with Mist security experts, and has paused Guardian and 2FA operations.
Arbitrum DAO Approves $215 Million Gaming Ecosystem Fund
The Arbitrum Foundation will distribute 225 million ARB tokens, worth approximately $215 million, to support gaming projects over the next three years. This distribution, which will be carried out through the new Gaming Catalyst Program (GCP), aims to increase Arbitrum’s awareness and adoption among game developers and players. The proposal, first introduced in March, was approved on Friday with more than 75% of the votes. Organizations that strongly supported the proposal included L2Beat, Wintermute, and Treasure DAO, while Blockworks Research and Camelot DAO were among those who voted against it.
Gemholic Disappears After Withdrawing $3.5 Million ETH
Gemholic, a project on the zkSync network, raised suspicions of fraud after it disappeared with $3.5 million in ETH. The crypto community was stunned when Gemholic, which had promised to refund investors, lost its online presence, including its X account and Telegram channel, on June 7. Multiple transactions made on the same day drained the project’s smart contract funds. Gemholic had previously lost 921 ETH due to a smart contract error and promised to refund investors after fixing the problem. The bug was fixed with zkSync’s v24 update on June 7, and instead of refunding investors, the Gemholic team withdrew the funds and transferred them to the Ethereum blockchain. 0xMorgosh, founder of Zkmarkets, called this a ‘rug pull’ and claimed that Gemholic had been cheating investors for a year. He also noted that the team has completed KYC verification with SolidProof but has not yet responded publicly.
Strong Performance from RWA Tokens in May
According to Artemis data, there was a 68% increase in RWA tokens last month. With this increase, RWA tokens surpassed Ethereum, which rose 26%, and Bitcoin, which rose 14%. This increase in the RWA sector is based on the high volume of tokenizations that have occurred recently.
Polkadot Takes Significant Steps in RWA Tokenization
Experts believe that Polkadot will lead the RWA industry with its blockchain solutions. The reason behind this belief is that Polkadot’s blockchain architecture, designed for interoperability and scalability, is ideal for tokenizing assets such as real estate and commodities. Polkadot 2.0 (JAM Whitepaper) in particular is seen as important for Polkadot’s position in the RWA tokenization market. This initiative bridges the gap between traditional finance and the crypto industry by providing a compatible, secure and scalable solution for asset tokenization.
DeFi TVL Value Increased to 192 Billion Dollars in May
According to DappRadar data, the total TVL value in DeFi applications reached $192 billion in May, reaching the highest level since February 2022. According to the data, this increase was due to the increase in the prices of other tokens, especially Ethereum. However, the number of unique active wallets (UAWs) in DeFi dropped by 21% to 1.75 million. Ethereum maintained its dominance in the DeFi market with a 68% share and a TVL value of $130 billion.
Trump Promises to Stop Anti-Crypto Policies If Elected
According to the statement made by Reuters, Donald Trump; He has vowed to stop the anti-crypto policies of US President Joe Biden and SEC Chairman Gary Gensler if he is re-elected. Additionally, Trump has described himself as the ‘crypto president’. The fact that more than 20% of Americans own crypto in recent polls shows how important Trump’s stance is.
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BITCOIN (BTC)
BTC is priced at $69,850 with a 0.10% loss of value as of the morning hours. The horizontal channel between $72,760 and $60,800 is still maintained. There was a drop to $68,500 on Friday, but it could not be sustained. If the pullback continues, $67,250 appears as the first major support. As resistance, $71,700 is currently working. Closings above $71,500 are required for the continuation of the rise.
ETHEREUM (ETH)
ETH is priced at $3686 with a 0.53% loss of value as of the morning hours. With Friday’s decline, the $3600 level worked as support. For the continuation of the rise, it is important to maintain permanence above $ 3825. If persistence is achieved, an increase up to $4000 may be seen. If a pullback occurs, the first support is likely to be $3550.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.4977 with a 0.16% loss in value. There is a horizontal channel between $0.46 and $0.57. There was a wick movement to the $0.45 level, but it could not be permanent. $0.50 is a critical level and this level should be regained. Initial support again appears to be the range between $0.48 and $0.45. Areas where there may be resistance include the $0.50 and $0.52 levels.
AVALANCHE (AVAX)
AVAX is priced at $32.76 with a 0.64% loss in value as of the morning hours. After the horizontal area was broken down, we saw a movement up to the $ 31 level, but it started to rise after receiving a reaction from this region. In case of withdrawals, the 30 and 31 dollar areas can be followed as support. The middle region of the horizontal band needs to be regained. In upward movements, if there is persistence above the 36 dollar level, the 40 dollar region can be targeted.
SOLANA (SOL)
SOL is priced at $160.14 with a 1.23% depreciation as of morning hours. When we examine the four-hour chart, we see that the $162.50 level, which we follow as the support zone, has been broken downwards. If this movement continues, the $156.90 level can be followed as a short-term support zone. In upward movements, the $170 region can be tested with a break of the $164 level.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $16,049, with a 1.97% loss in value. When we examine the daily chart, we see that the $ 17,500 level, which we follow as the support zone, has been broken downwards. If this movement continues, a move towards the $15,500 region may be possible. In upward movements, the $17 level appears as short-term resistance.
LPT
LPT is priced at $23,172 with a 4.45% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is horizontal movement between the $20,218 and $24,600 levels. These two levels can be followed as main support and resistance zones. In case of an upward break, the $26 level can be tested. In case of short-term withdrawals, the $22 level can be followed as support.
TRX
TRX is priced at $0.11759 with a 0.61% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $0.11540 level, which we follow as the resistance zone, has been broken upwards. If this movement continues, the $0.12 level may be tested. In downward movements, the $0.11650 level can be followed as support.
OUNCE OF GOLD
As of the morning hours, ounce gold is priced at 2296 dollars with a 0.12% gain in value. There was a decline from $2390 to $2290. The $2290 level appears to be working as support. $2307 is an area that can act as resistance. If pricing is seen above this region, there may be a rise again up to $2390.
OUNCE OF SILVER
As of the morning hours, silver is priced at $29.55 with a 1.30% gain in value. When we examine the four-hour chart, we see that there is a reaction at the $29 level, which we follow as the support zone. If this movement continues, the $30 level appears as resistance.
