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The Slerf price soared over 15% in the last 24 hours to trade at $0.1537 as of 7:22 a.m. EST as investors rush to buy the sloth-themed Solana token. With the recent gain, the SLERF price was able to flip its weekly performance back into the green with a 12% jump. Its monthly performance has also been nudged back into the green. The Slerf Price Resting On A Recently-Breached Mark 4-hour chart for SLERF/USD (Source: GeckoTerminal ) The Slerf price broke above the major resistance level at $0.1546 in the last couple of hours. It attempted to do the same with the next technical barrier at $0.1634, but failed. This resulted in an immediate pullback. As a result, SLERF is currently resting on the recently-breached $0.1546 mark. Should the meme coin drop below $0.1546 in the coming 12 hours, the Slerf price could be exposed to the risk of falling to the $0.1458 support. Thereafter, continued sell pressure might then lead to SLERF plunging to as low as $0.1370 in the short term. This

Phishing group Angel Drainer has started using a new attack vector , targeting re staking platform s, analysts at Blockaid alarm. Blockaid’s analysts have discovered a new attack vector performed by the Angel Drainer group, using a protocol to carry out an approval farming attack via the “queueWithdrawal” function. In an X thread on Feb. 1, Blockaid shared affected wallet addresses, adding it is implementing a fix to safeguard users. ️ Emerging web3 attack vector : Restake Farming ️ Angel Drainer group has introduced a new attack vector utilizing a protocol to execute a novel form of approval farming attack through the 'queueWithdrawal' mechanism. (1/6) pic.twitter.com/sYVu6iCfBh — Blockaid (@blockaid_) February 1, 2024 Restaking rewards, introduced by EigenLayer, provide Ethereum (ETH) stakers with new tokens. These tokens can be restaked in other decentralized applications, preserving the option to participate in protocols’ governance. You might also like:

Unverified users can still withdraw staked SAND but will be unable to make further deposits. Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement.  The announcement stated that only verified users could deposit SAND, the platform's native token, and claim staking rewards, while non-verified users will be placed into withdraw-only mode. Data from blockchain analytics firm Messari shows that 123 million, or 6.7% of the token's circulating supply, is currently staked by users. The Sandbox developers wrote: "To enhance user security and compliance, we have implemented KYC verification for our staking process. Our goal is to ensure that our users' accounts are verified before they can participate in staking or claim their earnings." On June 6, Cointelegraph reported that SAND was one of 68 cryptocurrencies the U.S. Securities and Exchange Commission (SEC) deemed to be a secu

Roar Studios will be acquired by Yuga Labs as the latter looks to onboard talent for its still-in-development Otherside metaverse. Yuga Labs accelerates Otherside pla Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse -building startup Roar Studios as Yuga looks to bolster its Otherside metaverse . Yuga tweeted the news on July 31 saying the impending acquisition was to “execute our expansive vision” for Otherside. An accompanying release said Roar Studios' founder and chief Eric Reid will join Yuga as the general manager of Otherside, charged with leading the development and production of the metaverse . We are proud to announce Yuga Labs is acquiring Roar Studios, a music and metaverse startup led by long-time entertainment Executive, Eric Reid, to execute our expansive vision for @OthersideMeta. For more, read here: https://t.co/Ll9OMrSwEP. pic.twitter.com/o2FankWun2 — Yuga Labs (@yugalabs) July 31, 2023 Yuga is also nabbing audio, game and ar

Ethereum’s Shanghai upgrade just went live a few hours back. It was triggered around 22:27 UTC, and finalized by 22:42 UTC. The upgrade has now officially opened the doors for stake Ether withdrawals. Data from beaconcha.in revealed that around 30 minutes post the upgrade was activated, about 285 withdrawals involving roughly 5,413 ETH worth $10 million were processed. At press time, around 783.95k Ethereum tokens worth $150 billion were pending withdrawal. Source: token.unlocks Also Read: Users are Leaving Ethereum and Joining Binance Smart Chain: Why? Staked Ether withdrawals on Binance to open next week The world’s largest crypto exchange by volume, Binance, announced on Thursday, April 13, that users who staked ETH via its exchange could start redeeming them with their BETH holdings on a 1:1 basis. That option, however, is not available currently and will open only next week, on April 19 at 08:00 UTC. JUST IN: #Binance to support $ETH 2.0 staking withdrawals sta

The Ethereum community has been eagerly awaiting for the network’s Shanghai hard fork. The said upgrade is slated to take place over the course of the next few months and intends to unlock s taking withdrawals. Last week, Ethereum’s Zhejiang testnet processed its first ETH withdrawal, bringing the network a step closer to the actual upgrade. Read More: Staked Ethereum Undergoes 1st Withdrawal On ‘Zhejiang’ TestNet When is Ethereum’s Shanghai upgrade scheduled? Without mentioning an affirmative date, the official website stated that the upgrade is “ planned for Q1/Q2 2023.”  Once successfully done, the withdrawal functionality will be enabled. Shanghai “marks the end of an undefined lock-up period” for ETH staking. This means that apart from staking ETH and earning rewards, users will be able to un-stake their tokens to regain full access to their entire balance. Parallelly, there will also be an option to re-stake to sign back up and start earning additional rewards. Also