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Bitget's CEO has criticized Hyperliquid for its management of a "suspicious" incident related to the JELLY token. The remarks highlight concerns over transparency and accountability in the handling of the situation, raising questions about the platform's operational integrity.
Web3 creator platform Oh has secured $4.5 million in a seed funding round to enhance its AI-driven digital influencer product, OhChat, which is nearing 100,000 users globally. The funding will support the development of "superModels," autonomous AI agents designed to generate revenue and engage with audiences, leveraging collaborations with celebrities for broader reach. A utility token is set to launch in early 2025, enabling fractional ownership of these AI agents on the Solana blockchain.
Hyperliquid, a platform for trading perpetual futures, faces criticism over its governance and security, particularly regarding validator selection and decentralization. Allegations arose that validators could "buy their seats," but Hyperliquid refuted this, stating validators are chosen based on performance. Despite increasing the number of validators to 16, concerns persist as five validators control over 81% of staked tokens, raising fears of centralization and security vulnerabilities. Additionally, the platform's closed-source code has led to transparency issues, with promises to release it once more secure.
A prominent trader believes Solana (SOL) is set to rise significantly in the coming weeks, contingent on Bitcoin's stability. Currently priced at $198, SOL may face resistance at $228, $243, and $264. Additionally, the trader anticipates a potential 129% increase for Hyperliquid's token (HYPE), currently at $21.85, before the cycle ends. Overall, the analyst sees further upside potential for digital assets, suggesting that the market has not yet reached a euphoric peak.
A cryptocurrency whale realized over $11.5 million in unrealized profit after investing $10 million in the Virtuals Protocol (VIRTUAL) token, which surged to an all-time high of $5.07 within 19 days. The platform allows users to create and co-own AI agents, which are increasingly executing autonomous transactions on the blockchain. Despite a recent decline in the market, industry experts predict significant growth for AI-driven cryptocurrencies in 2025.
A prominent crypto analyst warns that HYPE, the altcoin of the Hyperliquid platform, may face a significant correction after a 600% surge, predicting a "long slow bleed" down to at least $20. While another trader suggests it will fluctuate between $25 and $30 in the short term, he remains optimistic about future growth as market volumes increase.
Hyperliquid's HYPE token experienced significant volatility following reports of potential North Korean hacker involvement, leading to a 20% drop in price and total value locked (TVL). Security expert Taylor Monahan highlighted suspicious wallet activity linked to the DPRK, prompting concerns of a future attack. Despite the turmoil, Hyperliquid's team denied any exploit, and the token has since begun to recover, trading around $313 after a 15% increase.
Bitcoin experienced a significant dip, falling over 12% to $92,762, amid concerns over North Korean hacking activities linked to the decentralized exchange Hyperliquid. Despite blockchain security expert Taylor Monahan's warnings, Hyperliquid stated there was no threat, yet the exchange faced nearly $113 million in outflows and its native token, HYPE, dropped nearly 20%. The U.S. Treasury continues to target North Korea's digital asset money laundering networks, emphasizing the regime's use of complex schemes to fund its weapons programs.
Donald Trump has appointed Bo Hines as the Executive Director of the Presidential Council of Advisers for Digital Assets, aiming to enhance the U.S. position in the blockchain and cryptocurrency sectors. Meanwhile, Interpol has issued a Red Notice for Richard Heart, founder of Hex, over serious legal charges, which he has publicly dismissed. The cryptocurrency market has seen a decline, with Bitcoin hitting a new low, while Chainlink, Hedera, and AAVE have emerged as top gainers amid market recovery efforts.
Hyperliquid's HYPE token has surpassed a $10 billion market cap, reaching an all-time high of $30, amid market volatility. Following a historic airdrop of 310 million tokens, HYPE surged over 20% in 24 hours, positioning it just below Polkadot in market rankings. The platform's success is attributed to zero gas fees and low trading costs, with plans for Ethereum Virtual Machine integration to enhance its DeFi capabilities.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Bitget CEO criticizes Hyperliquid over JELLY token incident handling
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