Hassan Ali Khan

If you’ve been in web3 for more than five minutes, you’ve either been scammed, almost been scammed, or one bad click away from joining the club. Never mind the big rug pulls that make headlines. Consider the usual stuff like fake MetaMask pop-ups, decentralized exchange swap links that look legit but aren’t, or random bridge pages Google happily shoves to the top of your search. 

In 2024, crypto scams generated at least $9.9 billion in illicit revenue, with Chainalysis warning the total could hit a record $12.4 billion as more data comes in. Fraud in the sector is getting sharper, with scammers using more convincing phishing sites, fake decentralized finance platforms, and social engineering tactics. The sophistication makes detection harder and losses larger, eroding user trust. Even experienced traders are getting caught.

And yet, the broader crypto community often chalks this up to the cost of doing business, which is insane. Imagine if every time you logged in to online banking, there was a one-in-ten chance it was a fake site. People would riot. In web3, however, there’s a shrug; people tweet “stay safe, anon” and hope for the best.This is a fixable problem

The tech already exists to detect phishing sites, fake smart contracts, and malicious bridges before you interact with them. The problem is that this has been treated as an optional extra instead of a core part of the stack. People are losing thousands of dollars weekly swapping tokens on what looked like a legitimate exchange interface. The only thing that saves them is often a browser-based security tool that flags the page seconds before they hit “Confirm.” 

To frame phishing as a personal security problem grossly underestimates its influence in the broader market. Retail adoption doesn’t stall because the tech isn’t scalable enough. It stalls because people don’t trust that their money is safe. While some will argue that security layers are just central points of failure, there is already a significant reliance on infrastructure providers, indexers, remote procedure call nodes, wallets, and dozens of other chokepoints. Pretending that adding robust phishing protection somehow compromises the ethos is a weak excuse, given the high stakes.

#PCEInflationWatch #Web3

Dogecoin has seen strong price action as crypto markets recover and key network metrics indicate rising trader interest.

Dogecoin ($DOGE ) has gained momentum, supported by bullish trends in the broader crypto market and growth in several network indicators. On Thursday, May 22, Dogecoin traded at 0.2410 dollars, up 6 percent over the past 24 hours.

The rally coincided with a spike in social media interest for Dogecoin, as traders once again express bullish sentiment. Among them is crypto trader and analyst Ali Martinez, who noted that Dogecoin may be on the verge of a potential breakout to 0.31 dollars.

Additionally, Dogecoin’s price has formed a head and shoulders pattern, a classic technical formation that often signals an upcoming breakout. The pattern, which developed over several weeks, pushed Dogecoin as high as 0.25 dollars. The asset now appears to be retesting support, with a potential upside target of 0.30 dollars.

Why is Dogecoin up on 6%?

Dogecoin’s rise partially reflects momentum across the crypto market. On the same day, Bitcoin broke to a new all-time high of 111,861 dollars. Most of the top 100 crypto assets were trading in the green, with several posting double-digit gains.

Beyond market-wide trends, Dogecoin is also benefiting from strong technicals and improving on-chain metrics. Notably, whales continue to accumulate the asset. Addresses holding between 1 and 10 million Dogecoin have added about 800 million tokens since the start of May.

Network activity has also surged. Active Dogecoin addresses rose by 990 percent over the past week. This sharp uptick came as Coinbase issued a wrapped version of Dogecoin, known as cbDOGE, on the Base network. This new version enables users to stake, trade, and lend their Dogecoin tokens on Base-based decentralized finance platforms.

Traders are also speculating on the potential approval of several Dogecoin exchange-traded funds, including proposed offerings from Grayscale and Bitwise. This has contributed to a growing bullish outlook among investors.
#BinancelaunchpoolHuma #BinanceAlphaAlert