According to CryptoPotato, CertiK, a leading blockchain security firm, has released a report indicating a significant decrease in losses from crypto-related scams and hacks as April concludes. The report reveals that approximately $25.7 million was lost to scams, exploits, and hacks in April, marking a 141% decline from the losses reported in the previous month. This trend suggests an increase in security within the cryptocurrency industry. CertiK's detailed breakdown of the losses shows that around $4.3 million was lost to exit scams, $129,000 to flash loans, and $21 million to exploits, based on confirmed incidents. This reduction in losses is a positive sign for the cryptocurrency industry, especially given the substantial losses reported in previous years. A report by Hacken, released in April, revealed that the crypto industry experienced a surge in hacking incidents during the first quarter of 2024, resulting in losses of over $824 million across 67 breaches. Hacken's report highlighted that these attacks primarily targeted high-profile individuals and projects, indicating a growing trend of malicious actors aiming at prominent targets. The blockchain security firm also reported that more than half of the stolen funds, nearly $444 million, were successfully recovered or frozen. This significant recovery effort shows an improvement in the industry's responsiveness to such incidents, which can be attributed to measures such as bounties for returned funds and interventions by white hat hackers.

The testing version of the ckETH minter on Internet Computer (ICP) mainnet has been upgraded, now featuring the Sepolia version of the USDC token. source: https://cryptonews.com/news/internet-computer-launches-ckusdc-sepolia-an-icp-copy-of-usdc-in-ckerc20-token-standard.htm

The chief executive of blockchain intelligence platform CryptoQuant says that Bitcoin (BTC) whales have snapped up nearly $3 billion worth of the crypto king in just 24 hours. CryptoQuant CEO Ki Young Ju tells his 345,000 followers on the social media platform X that the deep-pocketed investors have gobbled up tens of thousands of BTC […] source: https://dailyhodl.com/2024/05/05/bitcoin-whales-gobble-over-47000-btc-worth-2967768000-in-just-24-hours-amid-new-era-cryptoquant-ceo/

The cryptocurrency market will witness many altcoin events and important economic developments in the new week. Continue Reading: Watch Out: There’s Lots of Economic Developments and Altcoin Events in the New Week – Here’s What to Watch Day by Day, Hour by Hour source: https://en.bitcoinsistemi.com/watch-out-theres-lots-of-economic-developments-and-altcoin-events-in-the-new-week-heres-what-to-watch-day-by-day-hour-by-hour/

Bitcoin has soared 14% since the crash to $56.6K, reclaiming the $64K channel. An analyst said $67.5K re-entry sets the path to new ATH in the $83.5K level. Where the re-entry fails, a retest of $60K is expected before the rally to $83.5K by July. Over the last 48 hours, the crypto market has been […] source: https://coinedition.com/bitcoins-bullish-reversal-is-83500-in-sight-before-july/

In the wake of dismal U.S. economic data, crypto analyst Michaël van de Poppe forecasted a substantial rally in the altcoin markets. What Happened: On Friday, van de Poppe communicated his optimistic stance on cryptocurrencies to his followers on the social media platform X. source: https://www.benzinga.com/markets/cryptocurrency/24/05/38633082/crypto-analyst-foresees-altcoin-boom-amid-economic-downturn-altcoin-bull-market-has-starte?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

A new class-action lawsuit was launched against Coinbase Global and its subsidiaries Coinbase, Inc. and Coinbase Asset Management, LLC and the CEO, Brian Armstrong. The lawsuit was filed on May 5 in the U.S. The District Court for the Northern District of California charged the crypto exchange with the listing of digital assets that should […] source: https://www.cryptopolitan.com/coinbase-sued-over-crypto-assets-classed-as-securities/

Here is how some of your favorite assets concluded the week. source: https://ambcrypto.com/crypto-market-weekly-review-05-may/

شهد قطاع العملات الميمية زيادة كبيرة في الاهتمام في الـ 24 ساعة الماضية، حيث ارتفعت العديد من العملات بشكل كبير من حيث السعر. إلا أن عملة Bonk [BONK] لم تحظى بنفس الحماس. اقرأ أيضاً: تحليل عملة FLOKI: هل هناك ارتفاع قادم؟ إليك أهم المؤشرات الرئيسية لا يزال هناك بعض الصمود انخفض سعر BONK بنسبة 6.94٪ خلال الـ … source: https://btcacademy.online/%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d8%b9%d9%85%d9%84%d8%a9-bonk-%d8%a7%d9%84%d8%b5%d8%b9%d9%88%d8%a8%d8%a7%d8%aa-%d9%85%d8%b3%d8%aa%d9%85%d8%b1%d8%a9/

According to CryptoPotato, the resurgence of meme coins has sparked concerns among industry insiders. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has questioned the US regulatory system's approach to these coins. He is particularly concerned about why meme coins are allowed to flourish while cryptocurrency companies and blockchain tokens with practical applications face regulatory challenges, potentially being classified as securities. Dixon expressed concerns about excessive speculation and the market's tendency to favor meme coins over more productive blockchain innovations. He described meme coins as tokens primarily used for humor, originating from online communities' in-jokes, such as Dogecoin. Dixon criticized the US regulatory regime for allowing meme-only tokens to thrive while crypto companies and blockchain tokens with more productive uses face hurdles. He noted that any meme maker can easily create, launch, and list tokens, while entrepreneurs trying to build lasting projects get stuck in regulatory purgatory. Dixon highlighted the disparity in regulation, where meme-only tokens can easily launch and trade, while entrepreneurs developing lasting projects face regulatory obstacles. He referred to this as 'the computer vs. the casino' distinction, with one culture focused on innovation and the other on speculative trading. He argued for better regulation to protect investors and prevent get-rich-quick schemes. Dixon also stressed the need for regulatory guardrails to boost growth and innovation in the cryptocurrency market while advocating for a regulatory framework that acknowledges the different characteristics of various tokens, ensuring fair, efficient, and safe markets for investors. In 2024, the market recovery saw a growing adoption trend for meme coins. The market cap of leading meme coins reached $80 billion, nearing the record highs seen in the 2021 rally. However, the total value has currently dropped to almost $50 billion. Several meme coins such as Dogwifhat (WIF), launched in November 2023 and surpassed a market capitalization of $3 billion, garnered media attention. However, many others result in rug pulls or immediate market dumps after launch. These stories of massive gains lure novice and inexperienced traders to enter the crypto market.

Since the rise of Rollups, blockchain expansion has focused on the modular vs. monolithic debate. Initially this binary opposition was a useful mental model for reasoning about blockchain scalability, but now both camps have moved beyond it.

The recent decision by the Department of Justice to prosecute wallet developers for unauthorized money transmission crimes came as a surprise, especially since these developers do not actually control the assets that users secure with their software.

EigenLayer finally announced the token model of its governance token EIGEN. EigenLayer seems to be very persistent in using new words to distinguish itself from other projects. This time, when publishing the token white paper, it used the new word InterSubjective.

Unconsciously, BTC (Bitcoin) quickly completed a V-shaped reversal: from the low opening of 56.8k on May 2, it rose for 3 consecutive days and returned to the 64k line, exceeding the opening price of 63k on April 30.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

TBC.network is not a new thing, it is a function that Bitcoin already has. It is an Easter egg left by Satoshi Nakamoto as a member of the P2P community, and a backbone infrastructure of the P2P network.

This week, 24 projects successfully raised funds, with the largest amount being Optimism, which raised $90 million. 10 projects received pre-seed and seed round investments, and 14 projects received other rounds of financing. This week, the total amount of funds raised in the crypto industry reached $216.7 million.

Currently, more than 8 billion SUI have been staked, and more than 84% of the staked supply is held by the founding team.

A federal district court judge will determine his sentence based on the U.S. Sentencing Guidelines and other statutory factors.

In response to the reduction of Apple holdings: Apple will most likely remain Berkshire's largest single stock at the end of 2024, and we will continue to hold shares of Apple, Coca-Cola and American Express for a long time.