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Razzaq Afridi
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Razzaq Afridi
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#AiXBTSecurityBreach On March 18, 2025, the AI-driven crypto bot AiXBT experienced a security breach resulting in the loss of 55.5 ETH (approximately $105,000). The attacker accessed AiXBT's autonomous system dashboard, queuing malicious replies that prompted the bot to transfer funds from its Simulacrum wallet. The hacker operated under the now-deleted X account "FungusMan." In response, AiXBT's developer, rxbt, implemented several security measures: migrating servers, replacing keys, temporarily suspending dashboard access for upgrades, and reporting the hacker's address to exchanges. They emphasized that the core systems and development were unaffected by the breach. Following the incident, the AiXBT token's value declined by approximately 20%, reflecting market concerns over security vulnerabilities in AI-driven crypto platforms. This event underscores the need for robust security frameworks in AI-powered crypto trading platforms to protect user assets and maintain trust within the ecosystem.
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$TON Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized layer-1 blockchain originally developed by Telegram. As of March 17, 2025, Toncoin is trading at approximately $3.40, with a 24-hour trading volume of around $379.83 million. Recently, Toncoin experienced a significant price surge of over 20%, reaching a high of $3.64. This increase coincided with news that Telegram founder Pavel Durov was granted permission by French authorities to leave the country, allowing him to travel freely. Toncoin is utilized within The Open Network for transaction fees, staking, and governance. It powers the TON ecosystem, with validators and stakers receiving TON rewards for securing the network. Additionally, it features an on-chain governance platform enabling TON holders to submit improvement proposals. For those interested in trading Toncoin, it is available on several centralized crypto exchanges. The most active trading pair, TON/USDT, is found on Binance, with a 24-hour trading volume of approximately $49 million. Other popular exchanges include Bybit and OKX. Please note that cryptocurrency markets are highly volatile, and prices can change rapidly. It's essential to conduct thorough research and exercise caution when engaging in cryptocurrency trading.
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#TONRally The hashtag #TONRally has been associated with recent discussions about Toncoin's (TON) price movements. Notably, Toncoin experienced a significant surge of over 20% following news that Telegram founder Pavel Durov had regained his passport from French authorities. As of today, Toncoin's price has rebounded above the $6 mark, rekindling hopes for a sustained bullish rally. This recovery comes after a challenging period of bearish pressure, and investors are now curious about the potential for continued upward momentum. However, it's important to note that some analysts caution about potential price corrections. For instance, there are indications that Toncoin's rally toward $6 may stall, with a possible 20% price drop on the horizon. In summary, while Toncoin has shown impressive gains recently, market participants should remain vigilant and consider both bullish and bearish perspectives when evaluating its future trajectory.
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$USDC USD Coin (USDC) is a popular stablecoin pegged to the U.S. dollar on a 1:1 basis. It was launched by Circle in partnership with Coinbase and operates under the Centre Consortium. USDC is backed by cash reserves and short-term U.S. Treasury bonds, ensuring transparency and stability. USDC is widely used for trading, payments, and DeFi applications, offering fast transactions and low fees. Unlike algorithmic stablecoins, USDC maintains its peg through full collateralization. However, regulatory scrutiny and concerns about centralization remain. Despite competition from Tether (USDT) and other stablecoins, USDC is considered one of the most reliable digital dollars in the market.
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#StablecoinSurge Stablecoins have surged in popularity due to their ability to provide stability in the volatile crypto market. These digital assets are pegged to traditional currencies like the U.S. dollar, making them a reliable medium for transactions, trading, and savings. The rise of stablecoins has also fueled the growth of decentralized finance (DeFi), enabling lending, borrowing, and yield farming. Regulatory scrutiny is increasing as governments seek to control their use. With more institutions adopting stablecoins, their impact on global finance is expanding. However, concerns about centralization, security, and transparency remain key challenges for the future of stablecoin adoption.
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