NFT News by Thebittimes.Com

SushiSwap Chief Technical Officer Mathew Lilley has disclosed the compromise of a widely employed web3 connector within Ledger’s delivery network.  The breach has enabled malicious code injection into numerous decentralized applications ( dapps ).  Removal of malicious provider  Lilley contended that Ledger’s content delivery network was compromised, leading to the loading of JavaScript from the compromised network. RED ALERT : Do not interact with ANY dApps until further notice. It appears that a commonly used web3 connector has been compromised which allows for injection of malicious code affecting numerous dApps. — I'm Software (@MatthewLilley) December 14, 2023 The compromised Ledger connector library , widely employed by various dapps and overseen by Ledger, has seen the addition of a wallet drainer. While assets may not be drained automatically from a user’s account, prompts from browser wallets like MetaMask could potentially provide ma...

Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000. Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether's price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improved decentralized applications (DApps) metrics, increased protocol fees, and Ethereum's dominance in the non-fungible token (NFT) market. To assess whether Ether can sustain its $2,000 price point, one must consider the repercussions of Binance's recent regulatory challenges following its plea deal with the U.S. Department of Justice (DoJ). Investor fear drops as Ethereum network conditions improve Binance leads in Ether spot trading volume, accounting for 30% of ETH futures contracts' open interest. The closure of Binan...

Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction. Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, providing an opportunity for buyers to run their stops. SOL funding rate for perpetual swaps. Source: Coinglass Regardless of the reason behind the price increase, if enough buyers are interested in joining the bullish move, it can turn into a medium-to-long-term bullish trend. However, Solana's fundamental and market analysis shows weakness, which will more likely cause a steep correction in the altcoin. Solana finds a worthy competitor in NFT space Solana rank...