This week delivered thrilling developments across the crypto landscape. Meme coins surged past Bitcoin, Donald Trump’s token faced early setbacks, and high-profile hacks dominated headlines. Here’s a breakdown of the most pivotal stories.
Meme Coins Eclipse Bitcoin Amid Crypto Market Rally
While Bitcoin rallied to $67K, meme coins stole the spotlight with double-digit gains. Elon Musk’s Dogecoin (DOGE) climbed 16%, while Solana-based Bonk (BONK) and Base Network’s Brett (BRETT) soared 25% and 11%, respectively. Shiba Inu (SHIB) also rose 7%, with all top 15 meme coins by market cap trading in the green.
The standout performer was AI-generated Turbo Toad (TURBO), skyrocketing 71%. Its origin story—crafted by ChatGPT—includes AI-assisted tokenomics, whitepaper drafting, and even coding.
👉 Discover how meme coins are reshaping crypto trends
Radiant Capital Loses $51M in Ethereum Layer-2 Exploit
A sophisticated attack targeted Omnichain market Radiant Capital (RDNT), draining $18M on BNB Chain and $32M on Arbitrum. Web3 sleuths at Ancilia traced the breach to a transferFrom vulnerability in a malicious contract.
Key takeaways:
- Users must revoke approvals for contract
0xd50cf...6c4281. - The exploit activated only if victims interacted with a spoofed wallet address.
Telegram NFT Transfers Surge 400% in Q3 2024
Helika’s data reveals a 400% spike in NFT activity on Telegram, underscoring its rising influence in Web3. This growth highlights Telegram’s role as a hub for digital asset trading and community engagement.
Base (Coinbase’s Layer-2) Overtakes Arbitrum with $24.9B TVL
Coinbase’s Base network dethroned Arbitrum as the top Ethereum Layer-2 by Total Value Locked (TVL), hitting $24.9B. This meteoric rise signals strong adoption of Coinbase’s scalable solutions.
Ethereum Upgrades to Slash Transaction Times to Seconds
Vitalik Buterin announced upcoming upgrades to enhance Ethereum’s speed and security post-merge. Key focuses include:
- Staking accessibility
- Faster block finality
- Network security enhancements
👉 Explore Ethereum’s roadmap for 2024
4 Altcoins Primed for Narrative-Driven Gains
Analyst Miles Deutscher spotlighted these high-potential tokens:
- Render (RNDR) – DePIN & AI
- Bittensor (TAO) – Decentralized AI
- SuperVerse (SUPER) – GameFi
- Mantra (OM) – RWA
Trump-Backed WLFI Token Stumbles at Launch
The WLFI token sale, endorsed by Donald Trump, faced technical glitches, missing its $5M first-hour target. Critics questioned its credibility after:
- Website crashes
- Trump’s no-show at the X Spaces launch
Only 2% of the $300M goal was raised initially.
95% of Bitcoin Holders Now in Profit
IntoTheBlock data shows 95% of BTC addresses are profitable—a 3-year high. Just 2% are underwater, reflecting Bitcoin’s bullish momentum.
River’s $800M Bitcoin-Backed Proof-of-Reserve
Following FTX’s collapse, River Exchange launched a transparency initiative backed by $800M in BTC reserves. CEO Alex Leishman emphasized rebuilding trust as a core mission.
Cardano (ADA) Tests Key Support Levels
ADA dipped below $0.3565 but holds above $0.3420. Analysts watch for a breakout above the 0.3520 resistance to confirm recovery.
FAQ Section
Q: Why are meme coins outperforming Bitcoin?
A: Retail hype, celebrity endorsements, and low-cap volatility drive meme coin rallies during bull markets.
Q: Is Radiant Capital’s exploit fixable?
A: Yes—users must revoke approvals for the malicious contract to prevent further drains.
Q: What’s next for Ethereum’s upgrades?
A: Expect faster transactions and lower fees as Ethereum implements scalability solutions.
Q: How credible is Trump’s WLFI token?
A: Early technical issues and lack of transparency raise red flags—caution advised.
Q: Can ADA recover from its current dip?
A: If Cardano reclaims $0.3520, bullish momentum could resume; otherwise, further downside looms.
### Keywords:
- Meme coins
- Bitcoin rally
- Ethereum upgrades
- Trump WLFI token
- Crypto hacks
- NFT surge
- Layer-2 networks