News of cryptocurrencies of the 1st week of June 2024

Half a million new tokens have been created on the Solana network

In May, 455,000 new coins were created on the Solana blockchain, setting a monthly record thanks to low barriers to entry and a surge in interest in meme tokens, as reported by The Block.

For comparison, during the same period, 177,000 coins were created on the second-level platform Base, while on BNB Chain this figure was 39,000. On the Ethereum mainnet and on the second-level solutions Arbitrum and Optimism, approximately 20,000 tokens were issued each.

Most of the new coins on the network are meme tokens. According to CoinGecko, the market capitalization of this segment reached $9.4 billion.

Ethereum has overtaken Bitcoin in terms of volatility in the options market

The market is bullish in anticipation of a wave of demand in the US driven by the final approval of Ethereum spot ETFs. This was reported by QCP Capital analysts. According to experts, positive expectations are evidenced by increased implied volatility in the options market. According to Deribit data, on June 3, the volatility indicator for Ethereum exceeded that of Bitcoin by 15%.

The noticeable divergence in volatility began after May 23, when the US Securities and Exchange Commission (SEC) approved Forms 19b-4 in issuer filings for Ethereum spot ETFs.

TON has updated its historical maximum

On the morning of June 5, the TON quote reached a new historical high, rising to $7.8. According to CoinGecko, the cost of TON has increased by 13% over the past 24 hours. At the time of writing, the coin is trading at $7.1, with a market capitalization of $17.8 billion.

The growth of the asset was supported by the news about the addition of TON to the European trading platform Robinhood Crypto, which contributed to the positive dynamics.

CEO Tether: email newsletter service hacked

A well-known provider of email newsletter services, actively used by crypto companies, has been compromised. This was stated by Tether CEO Paolo Ardoino. CoinGecko co-founder and chief operating officer Bobby Ong also reported a possible hack of the service, noting that malicious emails were being sent on behalf of crypto firms with offers to distribute coins.

According to CoinGecko, the data leak occurred on the side of the service provider GetResponse. The attackers exported 1,916,596 contacts from the account and sent phishing emails to 23,723 addresses. Personal information included username, email, and some metadata. GetResponse representatives assured that not a single password was compromised.

Coinbase launched a gasless wallet

Cryptocurrency exchange Coinbase introduced the innovative Coinbase Wallet, which supports gas-free transactions. The new solution does not require installation of applications or browser extensions, and is available exclusively in the web version format.

The registration process is simplified to the maximum: users do not need to write down a secret phrase or set a password. Login using Face ID, Google profile, fingerprint or YubiKey.

Hacker stole $1 million from Binance trader

A hacker gained control of a Chinese trader's Binance account by bypassing passwords and two-factor authentication. After a series of transactions, the attacker withdrew assets worth $1 million. The incident occurred on May 24, and the trader claims that he did not receive any notifications from the exchange security service.

The experts involved found that the hacker hijacked the user's session through a malicious Chrome browser plugin called AggrTrade using cookies. This open source software functions as an aggregator and is actively promoted by many opinion leaders and thematic Telegram channels.

The trader also noted the slow response of support staff. In response, Binance customer service said that during the incident, a hacker stole account login status through a plugin and impersonated the victim to carry out operations and transactions.

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