CRYPTOLOGY

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🚀 Solana's Bold Move: 100% Priority Fees for Validators! 🔥 Solana's latest improvement proposal, SIMD-0096, has just passed with an impressive 77% majority. The game-changing tweak? All priority fees will now go directly to validators, bidding farewell to the previous 50/50 split with the burn mechanism. 🤝 This move aims to foster a fairer ecosystem by curbing any hint of favoritism between transaction submitters and validators. But it's not without controversy! 🛡 Validator Bandito Stake isn't sold on the idea, raising concerns about the potential impact on Solana's inflation. With a yearly 1.5% baked in, they fear this change might tip the scales. 💡 Laine, a thoughtful validator, sheds light on the numbers. The proposal could see a 4.6% increase in issuance, bringing inflation back to pre-priority fee levels. It's all part of a grand plan to reward network security more equitably. ⏳ Hold your horses, though! Laine cautions that both current and upcoming software versions need an upgrade before these changes can take flight. We'll have to wait a bit longer for this revolution in distribution. Solana is boldly blazing its own trail, reimagining rewards and aiming for a more inclusive network – one where validators reign supreme!

🚨 Crypto Influencers Beware: Scammers Strike Again! Is No Account Safe? 🔒 GCR's X Account Hacked: ORDI Token Price Surges, Then Sinks In a shocking turn of events, popular crypto influencer GCR fell victim to a hacker who infiltrated his X account. The result? A price frenzy for the ORDI token, but it was short-lived. ➡️ Insider Job Suspected: Xcom Under Scrutiny GCR suspects foul play, pointing fingers at a possible bribery scandal within Xcom. "No security is foolproof if employees can be bought," he laments. 💰 ORDI and Luna 2.0: Brief Highs, Then Back to Reality The hacker's promotional posts caused a momentary spike in the price of ORDI, reaching $44 before dropping back to $40. Meanwhile, Luna 2.0 experienced a staggering surge of 274%. 👀 Crypto Watchdogs Sound the Alarm As the dust settles, crypto observers like Udi Wertheimer warn that this hack might just be the tip of the iceberg. With meme coins on the rise and engineers on vacation, vigilance is key!

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🔒 Gala Games' $23M Token Breach Exposes Internal Control Woes 💥 Blockchain gaming giant Gala Games has been hit by yet another security breach, this time resulting in the unauthorized sale of 600 million GALA tokens worth a staggering $23 million. CEO Eric Schiermeyer admitted that the incident was a result of internal control failures. ⏰ The exploit took place on May 20th at 7:32 pm UTC, when a hacker managed to gain access to a Gala Games admin address. This allowed them to mint an astonishing 5 billion new GALA tokens, valued at around $200 million. They wasted no time, selling off 600 million on Uniswap. 🚨 Sadly, this isn't Gala Games' first rodeo with security woes. Earlier this year, they suffered a similar attack that cost them a whopping $130 million. 🔍 The breach was initially flagged by blockchain analyst devops199fan, who noticed the sudden influx of GALA tokens. Gala Games acted swiftly, freezing the compromised wallet and securing their Ethereum contract. 🔐 To prevent further damage, Gala Games made sure that the remaining 4.4 billion tokens were rendered unsellable and burned. They're also teaming up with law enforcement agencies like the FBI to bring the culprits to justice. 📉 The immediate aftermath saw GALA's price take a hit, dropping by 20% to a low of $0.038. However, it has since shown signs of recovery, climbing back up to $0.041 according to CoinGecko. 💪 Despite these setbacks, Gala Games is determined to learn from its mistakes and bolster its internal controls. With ongoing legal battles adding to the turmoil, the company remains committed to providing a secure platform for blockchain gaming enthusiasts.

#BTC UPDATE: BTC weekly closure was above 65k which is a positive sign. Now BTC has reached the the next strong resistance level which is the 67500 level BTC has faced a rejection from this level in the past. Now for the further bullish momentum BTC needs to flip the 67500 resistance level to target the higher level of 70k. The Next strong support level for the BTC will be the 65k level in case of a rejection.

Greeting Everyone, After running the Poll for 24hr most of our members were interested in the analysis of XRP. Here is the detailed analysis of XRP. XRP is currently above the daily demand zone which is a strong zone for XRP and given reversal from the demand zone in many times past. Currently it is facing trendline resistance on daily. For the further bullish momentum of XRP it need a successful breakout. Thanks

#BTC UPDATE: As mentioned in the yesterday update that BTC needs a weekly closure at-least above the 60k level to give bullish momentum and the same thing happened BTC give a closure above 60k. And BTC given move right from the demand zone now BTC has reached the strong EMA resistance levels are the EMA's are acting as strong resistance here for the further bullish momentum of BTC it needs to flip this EMA resistance to support and give a closure above the 63k level to target the 65k levels which is the major supply region for BTC. Alts are still lagging due to BTC once BTC gets stable Alts will have its run these choppy markets are normal in bull markets after this chop season we will see Alts rallies so until then trade cautiously and must use sl.

#BTC UPDATE: BTC is currently at very crucial demand zone the 60k level is the strong support level for the BTC which it needs to hold in order to give reversal from here. If BTC didn't respect the 60k level then we may see a move again to the lower levels of 59 to 57k. Now the 62k level for BTC will act as resistance and the main supply region from where we witnessed rejections many time will be the same the 65k level. For the BTC to give the bullish momentum in coming days it needs a weekly closure above the 62k level. As today we have weekly closure volatility is expected we need a closure above 60k at-least for the reversal from here in the coming week if not then we may see a choppy price action.