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Coinbase Faces $400 Million Hit from Cyberattack - Coinbase, the largest U.S. crypto exchange, has warned of a potential financial hit of up to $400 million following a cyberattack. The breach, which involved cybercriminals bribing overseas support agents to access sensitive customer data, has raised significant security concerns. While the attackers stole some data, including names, addresses, and emails, Coinbase confirmed that login credentials and passwords were not compromised. The company is offering a $20 million reward for information leading to the perpetrators. This incident comes just days before Coinbase is set to join the S&P 500, marking a landmark moment for the crypto industry. #news
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Binance Wallet Dominates Crypto Swap Market $BNB - Binance Wallet has surged to dominate the crypto swap market, capturing over 93% of the market share by mid-May 2025. This rapid ascent, up from just 3.4% in early January, is attributed to the launch of Binance Alpha, a centralized token launchpad that rewards users with "Alpha points" for platform engagement. These points may grant early access to new tokens and potential listings. The dominance has raised concerns about centralization in the crypto space, as Binance has pushed aside rivals like OKX, MetaMask, and imToken. #NewsAboutCrypto
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Binance, the world’s largest crypto exchange by volume, continues to shape the blockchain landscape. Recently, it thwarted social-engineering hacks, unlike Coinbase, which faced a $400M hit. Binance supports Ukraine’s Bitcoin reserve plans and expanded U.S. operations amid regulatory clarity. Its Launchpool hosted $1.75B in token distributions in 2024. Despite a -15.7% volume drop, it holds a 2T market lead. #BinancePizza
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The Fed’s Big Trim: A 10% Workforce Cut to Sharpen Its Edge Picture the Federal Reserve as a sprawling, intricate machine—gears grinding, levers humming, all in service of steering the U.S. economy. Now, imagine that machine getting a sleek redesign, shedding some weight to move faster and smarter. According to BlockBeats, the Fed is gearing up to trim its workforce by roughly 10% over the coming years, a move that’s less about slashing and more about sculpting a leaner, tech-savvy future. This isn’t your typical corporate downsizing drama. The Fed’s plan is a calculated pivot, part of a grand strategy to streamline operations in a world where economic currents shift faster than ever. Think of it like a chef sharpening their knives—fewer cuts, more precision. While the specifics of which departments will feel the pinch or when the changes will roll out remain under wraps, the message is clear: adaptability is the name of the game. Why now? The Fed’s staring down a double-barreled challenge: evolving economic conditions and a tech revolution that’s rewriting the rules of finance. From AI-driven analytics to blockchain’s whisper of disruption, the tools of central banking are changing fast. A leaner workforce could mean a sharper focus on harnessing these innovations, ensuring the Fed stays ahead of the curve. But let’s not kid ourselves—this isn’t just about efficiency. It’s a bold bet on the future, a signal that even the titans of monetary policy aren’t immune to the winds of change. As the Fed reshapes itself, the ripple effects could redefine how it navigates the choppy waters of inflation, growth, and global markets. For now, the details are scarce, but one thing’s certain: the Fed’s gearing up for a new era, and it’s not afraid to trim a little fat to get there. Source: BlockBeats, market reports #NewsAboutCrypto
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Experts advise needed !!!! $WIF #wif #trade
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