Crypto investments have taken a big hit lately. I've lost $1 | NADEEM VICKY on Binance Square

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Crypto investments have taken a big hit lately. I've lost $1.4 million, and it seems like things are getting worse. CZ, the founder of a major exchange, got jailed for four months. Altcoins are down by 60%, and Bitcoin is dropping fast. I'm fed up with this whole scam. #BTC #PizzaDay #PEPE‏ ETHEtfs #PEPE_EXPERT 

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Ripple recently saw a strong increase in its price, starting from support near $0.42. It managed to surpass several resistance levels, including the 100-day moving average at around $0.50 and the upper boundary of a descending channel. Currently, Ripple is facing a major challenge at the 200-day moving average of $0.54 and a static resistance level around $0.55. This area has seen significant selling pressure, slowing down the upward momentum. The cryptocurrency is consolidating near these levels. On a shorter-term 4-hour chart, Ripple showed a bullish trend after finding buying interest near $0.40. It broke above $0.47 and a long-standing descending trendline, indicating renewed bullish sentiment. The next obstacle lies around $0.57, where Ripple has previously encountered resistance. Breaking above this level could signal further gains towards the $0.62 resistance zone. Conversely, failing to move past $0.57 may lead to a consolidation phase between $0.57 and $0.47. In summary, Ripple's recent price action has been positive but faces significant resistance at $0.54-$0.55 and $0.57. Overcoming these levels could pave the way for continued bullish momentum, while consolidation around current levels is also anticipated.

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In May, cryptocurrency security firm CertiK reported click here to get Free USD dollar 💵💵💵💰💰 that the industry suffered losses of $42.6 million due to exploits, flash loans, and exit scams. Gala Games and Sonne Finance were the hardest hit, losing $21.6 million and $20 million respectively. Despite these losses, about $96.2 million was recovered, offering some relief. Flash loan attacks were the most damaging, resulting in losses of $20.7 million, with Sonne Finance and TLN Protocol being the main victims. Vulnerability attacks caused around $19.7 million in losses, primarily affecting Gala Games and others. Additionally, exit scams led to $1.8 million in losses, including cases like Trees On Sol and Pii Park. Interestingly, flash loan attacks tend to occur in odd-numbered months, with losses in January, March, and May totaling significant amounts. In comparison, losses from exit scams were highest in February. Overall, security remains a major concern in the cryptocurrency space, with DeFi platforms being frequent targets. Despite ongoing challenges, efforts to enhance security and raise awareness are crucial for the industry's healthy development. Investors are urged to stay vigilant and contribute to a safer investment environment.

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In May, cryptocurrency security firm CertiK reported click here to get Free USD dollar 💵💵💵💰💰 that the industry suffered losses of $42.6 million due to exploits, flash loans, and exit scams. Gala Games and Sonne Finance were the hardest hit, losing $21.6 million and $20 million respectively. Despite these losses, about $96.2 million was recovered, offering some relief. Flash loan attacks were the most damaging, resulting in losses of $20.7 million, with Sonne Finance and TLN Protocol being the main victims. Vulnerability attacks caused around $19.7 million in losses, primarily affecting Gala Games and others. Additionally, exit scams led to $1.8 million in losses, including cases like Trees On Sol and Pii Park. Interestingly, flash loan attacks tend to occur in odd-numbered months, with losses in January, March, and May totaling significant amounts. In comparison, losses from exit scams were highest in February. Overall, security remains a major concern in the cryptocurrency space, with DeFi platforms being frequent targets. Despite ongoing challenges, efforts to enhance security and raise awareness are crucial for the industry's healthy development. Investors are urged to stay vigilant and contribute to a safer investment environment.

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zkSync, an Ethereum Layer 2 network, click here to get Free USD DOLLAR 💵💵💰💰 is gearing up for a potential token airdrop, starting with a pre-game event tomorrow. However, details are scarce, leaving the community eager for more information. There's some controversy over the chosen ticker symbol for the zkSync token, 'ZK,' as it clashes with one claimed by Polyhedra Network. Despite this, zkSync may proceed with 'ZK' since Polyhedra's token isn't listed on Binance. Notable figures in the ZK proof ecosystem have criticized this move, leading Matter Labs, zkSync's parent company, to withdraw trademark applications for 'ZK.' Meanwhile, zkSync has upgraded to v24, enhancing security and functionality for its Layer 2 solution.

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