😱 Beware of Address Poisoning Attacks: Stay Safe from Crypto Scams

🚀 Yo folks, this is DeFi God speaking. DeFi Town is our latest venture wherein we explore insights, news, and analysis that'll keep you ahead of the curve in this dynamic market. So, let’s go…

🔥 What's hot today 🔥

🚀 Curve Finance Mints $22M Algo Stablecoin crvUSD

😱 Beware of Address Poisoning Attacks: Stay Safe from Crypto Scams

😶 36% of Top 1,000 Crypto Projects Go Blog-Silent in 2023

💰 Bhutan Goes Big on Bitcoin Mining, Aims for $500M Fund

🏀 LeBron James Sports Rare NFT-Driven Nike Sneakers at NBA Match

📉 SUI Token Tumbles 37% amid $1 Billion Volume After Network Launch

📚 Market analysis of the day

🐦 Tweet of the day

🚀 Curve Finance Mints $22M Algo Stablecoin crvUSD

Curve Finance, a leading DeFi protocol, has successfully launched its algorithmic stablecoin crvUSD on the Ethereum mainnet, minting over $22M in just 8 hours 🤯. The launch is a significant step towards the public release of crvUSD, which is currently inaccessible to general users pending integration with Curve's front-end UI. Curve Finance boasts a TVL of approximately $4.4B, and the protocol's native token, CRV, spiked 7% following the stablecoin's launch 📈.

😱 Beware of Address Poisoning Attacks: Stay Safe from Crypto Scams

Address poisoning attacks are a new type of crypto scam that trick victims into sending funds to attackers' addresses 🎯. Two common methods involve fake contracts and breadcrumbing 🕵️. To stay safe, set up alerts for your address, create a contact list, use trusted sources for recipient addresses, and use name services like ENS or BNS 🚀. Always double-check recipient addresses and remain vigilant to protect your assets 💪.

😶 36% of Top 1,000 Crypto Projects Go Blog-Silent in 2023

A surprising 35.8% of the top 1,000 crypto projects haven't published a single blog post in 2023, according to Guerilla Buzz 😮. The research shows that many crypto companies don't prioritize strong marketing foundations, focusing instead on short-lived growth spurts 🌪️. Binance's BNB Chain led in blogging with 59 new articles, followed by Polygon with 36 and Cardano with 12 📝.

💰 Bhutan Goes Big on Bitcoin Mining, Aims for $500M Fund

Bhutan is seeking to raise $500 million to boost its bitcoin mining operations 🚀, partnering with Bitdeer Technologies Group. The nation is determined to establish itself as a BTC mining hub, leveraging its hydroelectric resources for green crypto mining 🌱. Construction of a 100-megawatt operation is set to start in Q2 and finish by September 🏗️.

🏀 LeBron James Sports Rare NFT-Driven Nike Sneakers at NBA Match

Basketball superstar LeBron James was spotted wearing limited-edition RTFKT x Nike Air Force 1 Genesis sneakers 🤩 before an NBA match. These unique sneakers can be obtained by purchasing an Ethereum NFT created by Nike-owned subsidiary RTFKT. LeBron also received a custom Clone X NFT avatar as a gift from RTFKT 🎁. Genesis NFTs are available on the secondary market, starting at 0.42 ETH ($790)

📉 SUI Token Tumbles 37% amid $1 Billion Volume After Network Launch

SUI token's value dropped 37% to $1.37 on its first trading day, following the successful launch of Sui's mainnet 🌐. Despite the decline, the token entered the top 100 cryptocurrencies by market cap, reaching $716 million. Sui's blockchain, developed by Mysten Labs, focuses on speedy transactions and improved scalability compared to Ethereum or Solana, using a modified version of the Move programming language

📚 Market analysis of the day

On-chain data suggests that bitcoin price has hit its lowest point 📉, as 18-month to 2-year bitcoin holder supply expands and short-term holder supply (less than six months) grows after the bottom is reached 📈. Currently, short-term holdings stand at 4.7 million, with a market peak expected when they exceed 6 million. Meanwhile, the 1-year inactive supply hit a record high of 13.1 million in late March, indicating an ongoing bull cycle 🐂

🐦 Tweet of the day