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According to Cointelegraph, a maximal extractable value (MEV) bot suffered a significant loss of approximately $180,000 in Ether after an attacker exploited a vulnerability in its access control systems. On April 8, blockchain security firm SlowMist reported that the bot lost 116.7 Ether (ETH) due to inadequate access control measures. Threat researcher Vladimir Sobolev, known as Officer’s Notes on X, explained that the attacker took advantage of a flaw in the bot, leading it to exchange its ETH for a dummy token. Sobolev noted that the attacker created a malicious pool within the same transaction to execute the exploit. He emphasized that the incident could have been avoided if the MEV bot owner had implemented more stringent access controls.

In response to the exploit, the MEV bot's owner quickly proposed a bounty to the attacker just 25 minutes after the incident. Subsequently, the owner deployed a new MEV bot with enhanced access control validation. Sobolev drew parallels between this exploit and a similar event in 2023, where MEV bots lost $25 million after being compromised. On April 23, 2023, bots engaged in sandwich trades fell victim to a rogue validator, resulting in significant losses. MEV bots on Ethereum are designed to exploit maximal extractable value, which is the maximum profit that can be extracted from block production by reordering, inserting, or censoring transactions within a block. These bots monitor Ethereum’s pool of pending transactions to identify potential profits, often engaging in front-run, back-run, or sandwich transactions. This practice has sparked controversy as it can siphon value from regular users during periods of high volatility or congestion.

Despite the controversies, MEV bots remain in use, attracting both experienced traders and beginners seeking profits. However, newcomers often fall prey to scams involving fraudulent MEV bot guides. Sobolev highlighted a rise in fake tutorials online, which claim to teach users how to earn money with MEV bots but instead provide false installation instructions. "Very often, this will simply allow hackers to steal your money," Sobolev warned. He advised users to thoroughly verify their resources to avoid becoming victims of scams. The rise of fraudulent guides underscores the need for caution and due diligence in the crypto space, where the potential for profit is often accompanied by significant risks.

According to CryptoPotato, parallels between Dogecoin's recent price action and its historical behavior in 2020 have emerged amidst surging network activity. Just as before, DOGE has broken out of a descending triangle formation and is now in a consolidation phase, reminiscent of its previous trajectory. In 2020, this pattern preceded an astounding surge of 28,770%. Crypto analyst Ali Martinez suggested that history might repeat itself, hinting at the possibility of another substantial bull run for Dogecoin in the near future.

Despite sustaining steady growth amidst a broader market surge, Dogecoin has been ousted from the top 10 cryptocurrencies by market capitalization. Nevertheless, a growth trajectory reminiscent of its 2020 cycle suggests the potential for the original meme coin to reach a new peak. However, such a trend may seem overly ambitious, given the asset’s supply constraints. It is still important to note that Dogecoin witnessed a massive network surge on January 29th with the creation of 247,240 new DOGE addresses.

Italian sports car manufacturer Ferrari, which has recently been embracing crypto within its operations, announced the addition of Dogecoin to already existing assets such as Bitcoin, Ether, and USDC for payment options in the US. Dogecoin also serves as a payment avenue for prominent brands such as watchmaker Tag Heuer and fashion label Gucci. Additionally, AMC Theatres, a movie theater chain based in the US, offers Dogecoin as a payment alternative for purchasing tickets. More recently, SpaceX has said that it would accept the meme coin as payment for rescheduling the highly anticipated DOGE-1 Mission to the Moon.

According to CryptoPotato, Dogecoin has experienced a significant increase in network activity, with data from on-chain intelligence platform Intotheblock showing a 1,100% increase in new addresses over the past week. January 29 marked a major milestone as 247,240 new DOGE addresses were created, signaling an all-time peak. This surge in network activity comes amidst a relative lull in the cryptocurrency's price.

Over the past day, DOGE's price was down by 3.28%, hovering below $0.08 at the time of writing. The tenth-largest crypto asset by market cap mostly defied the general recovery of the market, registering monthly losses of nearly 13%. Last year, the emergence of DRC-20, inspired by Bitcoin’s BRC-20 standard, served as a major catalyst in network growth, causing a massive spike in Dogecoin’s transactions amidst a bear market. A few months later, the address count on the Dogecoin network crossed the 5 million mark for the first time.

On-chain analyst Ali Martinez suggests that the sustained growth in network expansion could hold promising implications for the future trajectory of DOGE prices. In terms of adoption, Mark Cuban’s NBA team, the Dallas Mavericks, continues to accept DOGE as a payment method alongside Bitcoin, which was introduced in 2019. This addition enables fans to use DOGE to purchase game tickets and merchandise online, broadening access to Mavericks-related products. The ongoing integration of the meme coin indicates growing confidence in DOGE. In India, the asset is particularly popular among individuals aged 26-35, with recent data revealing that within this age bracket, DOGE has surpassed Bitcoin in terms of investment popularity. This demographic segment represents 40% of India’s total of 19 million crypto investors.