- Coinpaper Digest
- Arthur Hayes Has High Expectations For Solana Post-FTX Collapse!
Arthur Hayes Has High Expectations For Solana Post-FTX Collapse!
Hopes are up for a SOL price rise as Hayes' previous bullish sentiments influenced a positive price trend.
Here's what we've got for you today:
Arthur Hayes Foresees Bright Future for Solana Post-FTX Collapse
Binance Freezes $4.2 Million in XRP to Aid Ripple Recover Stolen Funds
Three Charged in Connection with $400 Million FTX Crypto Heist
Testing ‘Went Very Well’ - ETH Devs to Set Dencun Hard Fork Date on Feb. 8
Arthur Hayes shared in an X post that he is extremely bullish on Solana, and sees great potential in the altcoin now that most of the FTX drama has passed.
Arthur Hayes expressed a strong belief in the potential for Solana (SOL) to recover and grow after the FTX collapse.
He even recommended investing in SOL in a post on X. Hayes is known to have a track record of accurate cryptocurrency market predictions.
Hayes' previous positive remarks on Solana were followed by a price increase, which could suggest that his latest statements may also influence a positive trend for the altcoin.
Binance halted transactions for $4.2 million in XRP funds after discovering they were stolen from accounts owned by Chris Larsen in a recent hack.
ZachXBT first reported the major XRP theft, initially suggesting an attack on the Ripple ecosystem, involving around 213 million XRP valued at $112.5 million.
Chris Larsen later clarified that the theft was due to "unauthorized access" to his personal accounts, not a compromise of Ripple's wallets.
Binance is known for helping troubled ecosystems, and previously assisted Norwegian authorities in recovering $6 million from the Ronin network heist in February of 2023.
Crime is still running rampant in the crypto industry, with SIM-swap attacks, deep fake videos, and wallet drainers wreaking havoc on victims.
United States prosecutors charged Robert Powell, Carter Rohn, and Emily Hernandez with executing SIM-swap attacks during the $400 million FTX hack in 2022.
The accused manipulated telecom providers to transfer victims' phone numbers to devices they controlled.
Meanwhile, Cybersecurity firm Cybertrace warned people about a deep fake video of Australian mining tycoon Andrew "Twiggy" Forrest promoting a fake crypto trading platform.
If the Dencun upgrade is implemented successfully, it will improve scalability and considerably lower the transaction fees on layer-2 solutions.
Ethereum developers plan to set a mainnet launch date for the Dencun upgrade on Thursday, Feb. 8.
The upgrade will bring major changes to Ethereum's consensus and execution layers, with the goal of enhancing the network's efficiency.
Christine Kim from Galaxy Digital estimates an 80% chance of the Dencun upgrade going live by the end of March, with a 40% chance of activation by the end of February.
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