Top Crypto News Of The Day: HK Crypto ETFs, Nexera Attack and More
HK Crypto ETFs See Record Trading Volume
Hong Kong’s crypto exchange-traded funds (ETFs) experienced unprecedented trading activity during Monday’s market downturn. The six spot digital asset ETFs collectively traded $30.8 million, marking their busiest day since launching on April 30.
Bitcoin ETFs accounted for $26.1 million of the volume, while Ethereum funds saw $4.7 million in trades. However, this surge proved short-lived, with volumes declining on Tuesday. Despite the record day, Hong Kong’s crypto ETFs remain relatively small, with total assets under management of $276 million – a fraction of their U.S. counterparts’ size.
Crypto News: Nexera Protocol Loses $1.8M in Exploit
Blockchain infrastructure protocol Nexera fell victim to a $1.8 million exploit. The company acknowledged the incident on social media, stating they are cooperating with law enforcement.
In response, Nexera has paused its NXRA token contract and halted trading on decentralized exchanges. The protocol is also working with centralized exchanges to suspend trading, with Kucoin and MEXC already freezing deposits and withdrawals. The attack has severely impacted Nexera’s token price, with NXRA dropping 40% to $0.036.
Solana Memecoins Rally as SOL Recovers from Recent Lows
Memecoins built on the Solana blockchain have surged over 30% in the past 24 hours, outpacing the broader crypto market. This rally coincides with a recovery in Solana’s native token, SOL, which has climbed 38% from Monday’s lows.
Notable gainers include cat-themed POPCAT and dog-inspired WIF, both up around 25%. Additionally, smaller tokens MUMU and CATDOG rose 30%. This contrasts with losses seen in major memecoins on other networks, such as Dogecoin and Pepe. The Solana ecosystem has seen a significant uptick in activity, with network volumes more than doubling to $3.3 billion.
Crypto News: Paris Olympic Venue Grand Palais Targeted in Cyber Attack
The Grand Palais Museum, set to host events during the Paris 2024 Olympics, has become the target of a cyberattack. Hackers are demanding a cryptocurrency ransom to prevent the release of financial data.
The attack, which occurred on August 3-4, affected 40 museums across France. France’s cybersecurity agency ANSSI is leading the investigation, while the Grand Palais has mobilized technical teams to manage the incident.
Despite the threat, no data extraction has been detected, and museum operations continue uninterrupted. The French Anti-Cybercrime Brigade is investigating the case as organized extortion and criminal association. The hackers have issued a 48-hour ultimatum for the ransom payment.
READ Full Story Here: Grand Palais Museum Faces Cyber Ransom Threat Amid Olympic Preparations
Unizen Hacker Moves $2.1M in Stolen Funds to Tornado Cash
An address associated with the Unizen DeFi protocol hack has transferred 865.4 Ether (approximately $2.16 million) to the Tornado Cash mixing service. This marks the first movement of the stolen funds since March 8.
The transfer began on August 7, when the hacker moved 2,179,859 DAI stablecoins to an unknown wallet. The funds were then converted to Ether and sent to Tornado Cash in 26 separate transactions.
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