Here is what happened yesterday in the crypto market:
AI Bots Emerge as a Rising Threat to Crypto Security
AI bots are becoming increasingly sophisticated in automating and refining crypto cyberattacks, posing a significant threat. These self-learning tools surpass traditional hacking methods, requiring enhanced security measures to protect digital assets.
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Toncoin Surges as Pavel Durov Departs France
Toncoin (TON) has experienced a surge of over 50% in the past week, spurred by the news that Telegram founder Pavel Durov has been granted permission to relocate from France to Dubai. This event has positively impacted Toncoin’s market performance and open interest.
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Bitcoin’s Bull Cycle Remains Intact Despite Recent Shakeout
Analysts believe that Bitcoin’s current correction is a temporary shakeout and that its historic bull cycle is still intact. Despite investor fears, data suggests a potential rebound, with some predicting new all-time highs by June.
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Bitcoin Whale Bets Against Bitcoin Ahead of FOMC Meeting
A Bitcoin whale has placed a substantial $368 million bet, using 40x leverage, on a short-term decline in Bitcoin’s price. This significant wager comes ahead of key economic reports and the FOMC meeting, which could heavily influence Bitcoin’s price.
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XRP Shows Strength Against Ethereum, Reaching a 5-Year High
XRP’s price against Ether (ETH) has reached its highest level in five years, indicating a strong recovery. The XRP/ETH pair touched 0.00128 ETH, marking the first time since April 2019, suggesting a potential shift in market dynamics.
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