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• The Arbitrum community has warned users about fake airdrops impersonating the project’s newly launched decentralized Autonomous Organization (DAO).
• Scammers have created hundreds of fake Arbitrum airdrops and phishing websites to steal funds from unsuspecting users.
• Crypto security startup Redefine discovered a fake website claiming to dole out ARB tokens for free.

Scam Alert: Fake Arbitrum Airdrops

The Arbitrum community has warned users about different fake airdrops pretending to be from the project’s newly launched decentralized Autonomous Organization (DAO). Scammers started creating fake Arbitrum airdrops and phishing websites after the Ethereum layer-2 scaling protocol announced the DAO, promising to distribute 12.57% of the governance token ARB to eligible community members on March 23, 2023.

Fake Airdrop Websites

With hundreds of fake Arbitrum airdrops and scams going around, the project’s community and some blockchain security companies cautioned users who want to make free money to be vigilant and careful of such fraudulent websites claiming to share airdrops. In a Twitter post on March 19, Arbitrum News DAO said it identified over 273 phishing sites related to Arbitrum since the Ethereum layer-2 protocol announced the airdrop distribution. According to the tweet, this number is expected to increase before the official distribution date on Thursday.

Redefine Discovers Fake Website

Similarly, crypto security startup Redefine discovered a fake website claiming to dole out ARB tokens for free. The company commented in an online forum that “we have identified at least one malicious domain that was registered prior to [the] arbiterum announcement” adding that “It appears this site is attempting to collect user information via KYC/AML forms” with potential aim of stealing funds or personal data from victims who submit their details thinking they are taking part in an official event sponsored by Arbirtrum itself.

User Caution Advised

The team also advised users not sign up for any such offering as they are likely fraudulent activities done by scammers looking take advantage of people eagerness for free money or tokens. It urged them not fill out any form or click on links sent via email as these could lead them into falling victim of these schemes where their personal data or funds can get stolen with ease.

Conclusion

In conclusion, it is important that users be extra vigilant when dealing with cryptocurrency projects and their announcements as well as look out for any suspicious activity while engaging in activities related these platforms like participating in token distributions or staking rewards events etc.. Such caution will help protect them from becoming victims such malicious activities carried out by scammers looking exploit innocent people unawareness or ignorance regarding cryptocurrencies and blockchain technology in general.

• Euler Finance, a decentralized lending protocol, suffered a flash-loan attack resulting in $197 million of crypto being compromised.
• The funds included $8.7 million DAI, $34 million USDC, $19 million WBTC and $136 million staked ETH.
• Flash loans enable users to take a loan without collateralizing them provided they are able to return the borrowed funds within the same block.

Flash Loan Attack on Euler Finance

Euler Finance, a decentralized lending protocol, recently suffered from a flash-loan attack resulting in almost $200 million worth of crypto being stolen. The hacker was able to borrow a large amount of money and drain it from the DeFi protocol through this type of attack.

What is Flash Loan?

Flash loans are special types of loans that allow users to take out large sums without having to provide collateralized security for repayment within the same block. This type of attack is becoming increasingly popular among hackers looking to exploit DeFi protocols for their own gain.

Compromised Funds

The breakdown of the stolen funds include: $8.7 million worth of DAI (decentralized stablecoin), $34 million worth of USDC, $19 million WBTC (wrapped BTC) and $136 million staked ETH.

Preventative Measures

To protect against future attacks, protocols like Euler Finance must implement stronger security measures such as multi-sig wallets or time-locked transactions that require multiple signatures before releasing any funds from the wallet address. Additionally, regular audits should be conducted by third parties to identify any vulnerabilities that could be exploited by malicious actors seeking to steal funds from DeFi platforms and protocols like Euler Finance which has recently been targeted for exploitation by hackers and scammers alike.

Conclusion

In conclusion, it’s important for protocols like Euler Finance to take necessary steps towards implementing better security measures so as to not become vulnerable targets for hackers who seek out weaknesses in order to exploit them for their own benefit while costing investors millions in lost capital along the way.

• CoinShares report revealed a negative sentiment in digital asset investment products, recording an outflow of $17 million.
• The outflow is likely due to regulatory uncertainty for the asset class, with the US SEC continuing to target crypto entities in the country.
• Investment product volumes were low at $844 million for the week, while Bitcoin market volumes averaged $57 billion.

Digital Asset Outflows Recorded Amid Regulatory Concerns

CoinShares report has revealed that a negative sentiment has been recorded in digital asset investment products, leading to an outflow of $17 million. This comes amid growing regulatory concerns from the US Securities and Exchange Commission (SEC), which continues to target crypto entities in the country.

Investment Product Volumes Low

The report also highlighted that investment product volumes for the week were low at $844 million, while Bitcoin market volumes averaged only around $57 billion. Short-bitcoin saw inflows for a third week totaling $1.8 million during this period, however it failed to translate substantially as short-bitcoin assets under management (AUM) rose only by 4.2% YTD. In contrast, long-bitcoin AUM was seen rising by 36% YTD indicating that short positions have not benefited some investors as expected.

Institutional Investors Feeling Pressure

The US SEC’s ongoing crackdown on digital assets has resulted in institutional investors feeling pressure as well due to regulatory uncertainty surrounding them. The outflows have been relatively minor this week compared to figures witnessed in past few weeks with majority of these outflows being from Bitcoin totaling around $20 million according to the fund manager’s report.

Bitcoin Market Sentiment Low

The negative sentiment within Bitcoin markets appears to remain low despite several positive developments including Tesla’s recent purchase of $1.5 billion worth of BTC earlier this month and PayPal allowing users to buy, sell and hold cryptocurrencies on its platform since 2020 end.. Additionally, recent reports suggest more institutional players are moving into bitcoin markets with confidence such as hedge funds investing nearly 1 percent of their capital into BTC and other cryptocurrencies .

Conclusion

Overall, CoinShares’ latest report reveals that Bitcoin investments continue to suffer from investor concerns over regulatory uncertainty in spite of various positive developments within its ecosystem recently

• Yuga Labs announced the launch of their Twelvefold collection, which is a limited edition Ordinal inscription NFT series.
• The TwelveFold series consists of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain and will be released later this week.
• Ordinals are non-fungible tokens that can be inscribed onto one Satoshi, the smallest denomination of a Bitcoin, and remain permanently on the blockchain.

Yuga Labs Launches Ordinal Inscription NFT Collection Twelvefold

Yuga Labs has announced the launch of their latest contribution to nonfungible token technology – Twelvefold. This limited edition collection consists of 300 generative pieces inscribed on Satoshis on the Bitcoin blockchain. With this release, Yuga hopes to capitalize on the increasing popularity of ordinals – a type of non-fungible token (NFT) that can be inscribed onto one Satoshi, the smallest denomination of a Bitcoin, and remain permanently stored on its blockchain.

What Are Ordinals?

Ordinals are digital artifacts rather than traditional NFTs. They were made possible by Bitcoin’s Taproot upgrade in November 2021 which introduced programmability and smart contracts capabilities to its network. Since then, they have grown in popularity due to their ability to provide permanent storage for data or artwork within a highly secure environment.

TwelveFold Series Overview

The TwelveFold auction will launch later this week with a 24-hour notice period providing exact timing details. The announcement described it as “a base 12 art system localized around a 12×12 grid”, intended as an allegory for cartography of data stored on the Bitcoin blockchain. Furthermore, all assets included within this collection are said to be unique representations that cannot be replicated or destroyed by any other third party.

Yuga Optimistic About Future Of Ordinals

Yuga is optimistic about ordinals and their potential impact in revolutionizing how we store digital assets securely and permanently within decentralized environments such as those provided by blockchains like Bitcoin. As mentioned previously, since their introduction they have become increasingly popular among crypto users who are looking for creative ways to store valuable data or artwork without having to worry about them being stolen or destroyed by malicious actors online.

Conclusion

With Yuga’s latest contribution – Twelvefold – they hope to capitalize even further upon this growing trend while also introducing more people into discovering all that ordinals have to offer through their highly secure environment and permanent storage capabilities within distributed ledger technology networks like Bitcoin’s Blockchain protocol used today by millions globally every day

• Web3 infrastructure provider Ankr announced a partnership with Microsoft to offer a node hosting service for enterprises.
• The deal will see an integration of technology of Ankr’s innovations in blockchain infrastructure with the software giant’s cloud solutions.
• By combining Ankr’s solutions with Azure, the focus will be to provide a new avenue to attract users and serve RPC traffic through the combine.

Ankr Partners With Microsoft

Web3 infrastructure provider Ankr recently announced a partnership with Microsoft to offer enterprise node hosting services. The goal of the partnership is to integrate technology from Ankr’s innovations in blockchain infrastructure with Microsoft’s cloud solutions, as well as provide global access to low-latency blockchain connections for any Web3 project or developer.

Integrating Technology and Cloud Solutions

The integration of technology and cloud solutions seeks to provide users and developers with more options for scaling their applications and innovating within the decentralized web. According to Chandler Song, Co-Founder & CEO at Ankr, this move is an important step in getting blockchain infrastructure into a larger digital economy sector.

Combining Solutions

By combining Ankr’s solutions with Azure, users can expect access to new avenues that will help them attract more customers and serve RPC traffic through the combination. This collaboration between two major players in different layers of web systems could result in an era of extremely prolific building for blockchain-based applications from both established enterprises as well as up-and-coming Web3 projects.

Available In Azure Marketplace

The enterprise node deployment service provided by this partnership will be available on Microsoft’s Azure Marketplace platform. This platform seeks to facilitate smooth connections between customers and providers who are offering services via Azure products such as virtual machines (VMs).

Focus On Innovation And Scaling Applications

Ultimately, this collaboration seeks to provide developers and organizations needing access to blockchain data easier access so they can focus less on maintaining their own nodes, and instead focus more on innovating and scaling their applications further than ever before possible.

• Ripple’s price has been trapped inside a static range between $0.42 and $0.31 for the last few months, and recently experienced a slight plummet after being rejected from an upper resistance level.
• The weekly chart of Ripple shows that the cryptocurrency is forming a falling wedge pattern with $0.31 as the significant support and $0.55 as the primary resistance.
• According to the daily chart, the rejection of the prolonged descending trendline led to a breakdown of the 200-day moving average, indicating that Ripple’s current outlook leans bearish.

XRP Entering Danger Zone

Ripple’s price has been stuck in a static range between $0.42 and $0.31 for several months now, and recently experienced a slight drop after being rejected from an upper resistance level. This indicates that further consolidation within this range could be imminent for XRP in the near future.

Weekly Chart Analysis

The weekly chart of Ripple shows that it is forming a falling wedge pattern with $0.31 serving as the main support level, while $0.55 serves as its primary resistance level. In case of any downside movement below this support line, then it can be expected that there will be another shakeout before reaching towards the lower boundary of this wedge pattern.

Daily Chart Analysis

As depicted on its daily chart, following its rejection from its descending trendline, XRP broke down through its 200-day moving average (MA). Generally speaking, when an asset’s price drops below its MA then it is considered to have a bearish outlook; thus, similarly XRP’s current outlook appears to be leaning bearishly too at this point in time due to this break down through its MA.. However, it is anticipated that XRP will consolidate within its range between $0.31 and 0$44 in order to regain some stability soon enough again..

Consolidation Stage Imminent?

It seems like XRP may be entering into a consolidation stage soon enough due to being contained within such narrow boundaries for quite some time now without any major movements taking place at either side of these boundaries both up or down over recent weeks or so now.. If consolidation does indeed take place here then one must remember though that if any downside movement takes place below $0/31 then there could potentially be another shakeout before it even reaches towards its lower boundary again; therefore it is always wise to keep an eye out on these areas closely..

Conclusion

In conclusion then at present moment in time it appears as though Ripple’s current outlook appears slightly bearish due to having broken down through their 200-day moving average recently.; however given how they are currently contained within such narrow boundaries presently without any major movements taking place over recent weeks or so – consolidation might just be impending eventually right around here sooner rather than later too – although if any downside movement does take place below their main support level ($ 0/31) then expect another shakeout before even reaching towards their lower boundary once more..

• Arthur Hayes, co-founder of BitMEX and macro-market analyst, believes there is still an opportunity to profit now from the ongoing risk asset rally that began last month.
• Hayes had previously warned that the rally may be a bull trap and that a retracement back to Bitcoin’s $16,000 lows was still in the cards.
• However, Hayes has now reconsidered and believes that Bitcoin’s rally is not yet over – with traders poised to sell at any moment before the U.S. debt ceiling is raised.

Arthur Hayes’ Market Forecast

Arthur Hayes, co-founder of BitMEX and macro-market analyst, believes there is still an opportunity to profit now from the ongoing risk asset rally that began last month. He had previously warned that the rally may be a bull trap and that a retracement back to Bitcoin’s $16,000 lows was still in the cards, but he has since reconsidered this outlook and believes that Bitcoin’s rally is not yet over – with traders poised to sell at any moment before the U.S. debt ceiling is raised.

Rally Isn’t Over Yet

In his blog post titled “Be Present”, Arthur Hayes alluded to his previous post covering Bitcoin’s celebrated January rally which took it back above $20,000 for the first time since FTX collapsed. Risk assets rallied across the board following strong signs of disinflation in December which signaled to markets that Federal Reserve’s mission to combat inflation may soon be ending and allowing it to pivot into a more dovish monetary policy.

Buying Opportunity

Despite being fearful of future crypto market retracements, Arthur Hayes believes there is still an opportunity to profit from current market conditions by buying into Bitcoin sooner than previously planned. He argues this despite having kept his spare capital in market funds and short-dated U.S Treasury bills due to missing out on gains made by Bitcoin when it surged 50% since then until present day prices around $50k+.

Debt Ceiling Warning

The macro-market analyst warns investors they should be ready to sell at any moment before

• Bitcoin is stable at around $23,000 ahead of the first Federal Open Market Committee (FOMC) meeting of 2021.
• A rate hike is expected, which could result in increased volatility for the cryptocurrency market.
• History shows that sudden price movements can occur following Fed announcements.

With the first Federal Open Market Committee (FOMC) meeting of 2021 set to conclude today, the cryptocurrency market is looking on with anticipation. This is because the Fed is widely expected to raise the interest rates by another 25 basis points. The move could have a significant impact on the crypto market, as past rate hikes have been seen to result in immediate price volatility.

At the time of writing, Bitcoin is holding steady at around $23,000, with traders seemingly waiting to see how the FOMC meeting plays out. However, history has proven that sudden and drastic price movements can occur following Fed announcements. During the last rate hike in December, for example, Bitcoin saw a sudden drop of over 8%.

The cause of these sudden price movements is often the increased cost of borrowing. When the Fed raises the interest rates, the cost of borrowing money goes up, which in turn makes investing in riskier assets less attractive. This can lead to investors selling their cryptocurrency holdings in favor of safer investments, resulting in a sudden drop in price.

Of course, the impact of the FOMC meeting is not limited to Bitcoin. Other cryptocurrencies are likely to be affected as well. Ethereum, for instance, has been on a tear for the past few months, hitting all-time highs on a regular basis. However, a rate hike could cause investors to take their profits, leading to a sharp drop in the price of ETH.

It is also worth noting that the impact of the FOMC meeting on the cryptocurrency market could be short-term. After all, the fundamentals of the crypto market remain strong, with institutional investors continuing to pour money into the space. This suggests that any potential drops in prices could be limited and temporary.

Ultimately, the cryptocurrency market is waiting to see what the FOMC meeting brings. Bitcoin, in particular, is currently stable at around $23,000, but this could change dramatically depending on the rate hike. History has proven that sudden and drastic price movements can occur after Fed announcements, so traders should be prepared for anything.

• Little Red Book, the Chinese version of Instagram, has partnered with Conflux Network to integrate a permissionless blockchain for users to showcase non-fungible tokens (NFTs) on its profile page in the digital collection section.
• The integration will bring NFTs closer to mass adoption, as its platform has more than 200 million active monthly users.
• This is the first time Little Red Book has partnered with a permissionless blockchain, as its previous alliances have been with blockchains and NFTs.

Little Red Book, the Chinese version of Instagram, has recently announced its partnership with Conflux Network to integrate a permissionless blockchain into the platform, allowing users to showcase non-fungible tokens (NFTs) on their profile page in the digital collection section, called ‘R-Space’. This integration is a massive step towards mass adoption of NFTs, as the platform has more than 200 million active monthly users. This is the first time Little Red Book has made an alliance with a permissionless blockchain, whereas its previous partnerships have been with blockchains and NFTs.

Conflux Network’s CTO, Ming Wu, stated that this integration is a huge milestone for blockchain technology and the internet industry in China. He said that this integration is a great opportunity to bring more users to the blockchain world, and is a great way to increase the utilization of NFTs. He also mentioned that this integration will be beneficial to both Conflux and Little Red Book, as it will bring more users to the blockchain world and will increase the utilization of NFTs.

The integration of Conflux Network into Little Red Book’s platform comes at a great time, as the NFT industry is rapidly growing and becoming more popular among users. This integration is seen as a major step towards mass adoption of NFTs, as more people will be exposed to the technology and will be able to use it in a more mainstream setting.

The integration of Conflux Network into Little Red Book’s platform is a major milestone for the internet industry in China, and for the blockchain industry as a whole. It is a great opportunity to bring more users to the blockchain world, and to increase the utilization of NFTs. This integration will be beneficial to both Conflux and Little Red Book, and will bring NFTs a step closer to mass adoption.

• Bitcoin is up massively since the start of the year, making it one of the best performing assets of the year according to Bloomberg Intelligence.
• Bloomberg’s senior macro strategist, Mike McGlone, compares the rally to a similar recovery in early 2019 – but in a macro environment of contracting liquidity.
• Bloomberg’s bias is that the rally signals a bottom or a “bouncing bear,” but with a key distinction compared to 2019’s early-year turnaround.

Bitcoin has been one of the best performing assets of the year according to Bloomberg Intelligence, having risen massively since the start of the year. Mike McGlone, the firm’s senior macro strategist, compared the rally to a similar recovery in early 2019 – but in a macro environment of contracting liquidity. With Bloomberg’s bias leaning towards the rally signalling either a bottom or a “bouncing bear,” a key distinction was made compared to 2019’s early-year turnaround.

The news of Bitcoin’s success has been met with much enthusiasm, with some believing that the bull market is back and others cautiously optimistic about the future of the digital asset. McGlone commented on the situation, noting that the rally is “reinforcing the digital asset’s resilience, although it’s too early to determine if Bitcoin is definitively back in a bull market.” He further stated that “The rally is different from the 2019 recovery as monetary stimulus is contracting and the risk of a dollar shortage is rising.”

McGlone has previously shown optimism towards Bitcoin, noting that “The scarcity of Bitcoin and its limited supply should underpin higher prices over time,” and that “Bitcoin has the potential to become a global currency.” Bloomberg’s report further stated that the digital asset’s price could be headed higher due to its “relative scarcity and increasing acceptance.”

The news of Bitcoin’s success has been met with much enthusiasm, with some believing that the bull market is back and others cautiously optimistic about the future of the digital asset. The cryptocurrency has seen a surge in demand as institutional investors look to diversify their portfolios, with the digital asset now being seen as an attractive alternative asset class.

As the global economy continues to struggle, Bitcoin may prove to be a safe haven asset, providing investors with a hedge against inflation. With its limited supply and increasing acceptance, the digital asset could be poised to become a global currency and revolutionize the way we think about money. Despite the uncertainty that still surrounds the cryptocurrency, there is no denying that Bitcoin has made an impressive start to the year.