The Bored Ape Yacht Club NFT collection has been the target of an exploit this January 20th.FranklinIsbored, one of the biggest holders of BAYC NFTs, is targeted with an exploit of OpenSea’s stolen ApeCoin policy which allowed the attacker to sell a marked Bored Ape.This Bored Ape was marked as “under review for suspicious activity” which supposedly locks the NFT from being sold.Franklin has been the target of this exploit for the second time this week with the first one being January 20.
Hey @opensea can you PLEASE fix your stolen ape policy? This ape with a yellow caution mark sold to my OpenSea WETH offer for 65 WETH.You collected 1.625 WETH in fees, and I cannot resell this ape.It was already marked before the sale happened.You have failed with this policy.
pic.twitter.com/jGO9sClKbi — Franklin (@franklinisbored) January 20, 2023 Since then, ApeCoin, the native token of the Bored Ape Yacht Club ecosystem, has fallen 1.3% in value in the past 24 hours.APE is currently trading at $5.80, up 16.6% in the last seven days, data from Coingecko show.
The Gist Of The Situation The two exploits happened within three days of each other.According to Franklin’s tweets, the flagged apes can’t be sold since they are subjected for review.
These stolen assets shouldn’t have been sold in the open market according to OpenSea’s stolen item policy.The exploit works as the attacker uses OpenSea’s “Match Advance Order” system to “Mint” and sell it to Franklin.According to recent news, the total amount of Bored Ape and Mutant Ape NFTs being stolen has now reached nearly $20 million.It happened again – second time in a week someone has exploited OpenSea’s stolen ape policy to sell to my collection offer after it was already marked as “under review for suspicious activity” (yellow mark).
They used a “Match Advanced Order” function to “Mint” and sell to me.pic.twitter.com/21hijgtUse — Franklin (@franklinisbored) January 22, 2023 OpenSea has not been transparent with the amount of stolen NFTs on the platform.Beetle, a self-described on-chain sleuth, has recently released charts of the platform’s number of stolen NFTs.In total, 1,278 NFTs have fallen in the hands of cyber-thieves within the platform.
The NFT marketplace has not responded since the news hit the market.Bored Ape.Image: Forbes ApeCoin Still Showing Potential Even with the negative news surrounding BAYC, the token is still poised to see gains in the coming days.At the time of writing, the charts show that ApeCoin bulls are able to break through the $5.867 resistance.
For the bullish momentum to continue, the token should close today above its current resistance which would give the bulls a chance to move upwards.However, if the resistance holds, a retest of the $5.063 support could occur in the coming days.Crypto total market cap now showing signs of strength and reclaims the $1 trillion territory | Chart: TradingView.com The token also has a strong correlation with Bitcoin which is retesting the $23,000 resistance.If Bitcoin closes above this crucial $23k resistance, ApeCoin will have the boost needed to grab its September 2022 price levels.
For now, investors and traders should focus on breaking through ApeCoin current resistance as a breakthrough on this level would mean more gains in the medium and long term.-Featured image from African Wildlife Foundation Christian Encila Freelance writing is Christian’s other cup of tea.When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons.Other than that, he’s just like everybody else who wants to be happy with their life.Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.- The retest of the $280 area saw a sharp bullish reaction.- $307 has offered resistance over the past ten days but was beaten in the recent hours of trading.
Bitcoin [BTC] continued to stay above the $23k mark, as bulls could wait for a move above $23.2k to buy into the bullish momentum.Conversely, they could wait for a drop to $22k before buying.However, a daily session close to $20.6k would indicate that bears had the upper hand.Read Binance Coin’s [BNB] Price Prediction 2023-24 The dominance of BTC bulls in the past three weeks saw Binance Coin [BNB] register notable gains as well.More impressively, the bulls drove prices above $314, where they had struggled over the past week.
The liquidity above $315 has been collected- what is next? Liquidity rests where a large number of stop-loss orders lie.In the past ten days, the $300-$315 has served as resistance, just as it did in late November.
This changed in the past 24 hours of trading when BNB could push higher to reach $323.5.At the time of writing, the lower timeframes noted a drop from $323 to $314.
This could be a bullish retest of former resistance, and Binance Coin can continue to climb higher.
The CMF was above +0.05 throughout January, which showed significant capital flow into the market.The RSI also noted strong bullish momentum, but would form a bearish divergence soon.Such a divergence need not indicate a reversal of the uptrend- rather, it could be the first sign of a pullback toward $300.Hence, buyers can wait for a foray into the $300-$310 area to buy BNB.
A daily session close below $298 would shift the structure to a bearish bias.Therefore, this can be an invalidation for BNB buyers in the $300 zone.The mean coin age begins another uptrend and the MVRV ratio also slides higher There was a sharp drop in the MVRV ratio and the mean coin age on 17 January.The dormant circulation (90-day) also saw a sharp spike to suggest intense near-term selling.The next day, 18 January, saw the price fall from $305 to $281.As seen on the price chart, this was a retest of a bullish order block from earlier this month, and a rally followed.Since then, the mean coin age has ticked upward to show a network-wide accumulation.
The MVRV ratio was also reset, although not entirely.Realistic or not, here’s BNB’s market cap in BTC’s terms Based on the technical and on-chain metrics, BNB holders can look to book profits, thereby seeing the coin drop toward $300.However, the market structure was bullish, and buying pressure was witnessed.After $300-$315, the next significant resistance lies at $350.
Thus, there is a good chance that Binance Coin could climb to those heights, so long as Bitcoin does not fall beneath the $22k mark.- St.Maarten announced plans to adopt TRON as a legal tender.- TRX’s price reacted positively and so did the metrics.
TRON [TRX] reached another milestone on 24 January, taking another step towards the network’s goal of increasing its global adoption.Justin Sun, the founder of TRON, revealed that St.Maarten announced its plans to adopt TRON as legal tender.Another milestone for #TRON! St Maarten to adopt TRON as legal tender marks another achievement for our push on worldwide blockchain adoption.https://t.co/HXEnouj0Le — H.E.
Justin Sun🌞🇬🇩🇩🇲🔥₮ (@justinsuntron) January 23, 2023 Read TRON’s [TRX] Price Prediction 2023-24 According to MP Rolando Brison, Leader of the United People’s Party, by working with TRON as its chosen blockchain infrastructure, St.Maarten could gain access to TRON‘s rapidly expanding and inclusive global ecosystem, which would help boost the island’s appeal for foreign travelers, who are crucial to the local economy.Brison mentioned: “Allowing cryptocurrency to continue totally unregulated in St.Maarten is extremely risky, and we have to be proactive.
Hence, I use my right of initiative to bring this law with TRON Protocol at the forefront, with possibilities later for other blockchains to be incorporated.” TRX responded accordingly TRX was quick to react to this development by registering gains on its daily chart.According to CoinMarketCap, TRX’s price increased by 2% in the last 24 hours.At the time of writing, it was trading at $0.063, with a market capitalization of over $5.7 billion.
TRX’s performance on the metrics front also looked quite promising.For instance, TRX’s one-day price volatility registered an uptick, thanks to the recent price gains.
The network’s social volume also went up, reflecting its increased popularity.
Furthermore, TRX was also in demand in the futures market as its Binance Funding Rate remained high.However, TRX’s development activity declined over the last few days, which might be troublesome for the network.Is your portfolio green? Check the TRON Profit Calculator Good news for TRON investors TRON’s daily chart suggested that investors could also celebrate its latest achievement, as most market indicators were supportive of a continued price hike.The Exponential Moving Average (EMA) Ribbon revealed a massive bullish advantage in the market.TRX’s Relative Strength Index (RSI) was also considerably above the neutral mark.The Chaikin Money Flow (CMF) registered an uptick, which further increases the chances of a northbound price movement.
– Solana’s NFT ecosystem witnessed growth over the last few weeks.- Metrics looked positive, along with an increase in Solana’s TVL.On 22 January, Solana [SOL] re-entered the top 10 club after several tough weeks of price decline.Growth was noted in a few areas, such as market capitalization and its NFT ecosystem.For instance, Solana Mobile recently introduced the new Saga Pass Cards, which could help further grow Solana’s NFT space.🗣 Introducing Saga Pass Cards.Exclusively for Saga Pass holders.
Every week until launch, we’ll deal a random card to your wallet.When you’re ready for Saga, play your best hand for unique rewards.👀 More details in the coming weeks.🧵👇 pic.twitter.com/9WfNGxHRXy — Solana Mobile (@solanamobile) January 21, 2023 Read Solana’s [SOL] Price Prediction 2023-24 What’s up with Solana NFTs? In the official announcement, Solana Mobile mentioned that each week, they would introduce new cards into rotation.The first card would be available only to OG Saga Pass holders, and every week until launch, Solana Mobile will deal a random card to the user’s wallet.Moreover, SOL also revealed that the Saga Pass Cards collection will be verified on MagicEden soon.Interestingly, SOL’s commendable performance in the NFT space was yet again proven a few days ago, as it ranked second on the list of the top chains by NFT trade volume in the last 30 days.
Santiment’s data also told a similar story as SOL’s total NFT trade counts and total NFT trade volume in USD spiked last week.Realistic or not, here’s SOL market cap in BTC’s terms A look at SOL Solana’s price action followed the growth of its NFT ecosystem, as the former increased by nearly 5% in the last seven days.
As per CoinMarketCap, at the time of writing, SOL was trading at $24.68 with a market capitalization of more than $9.1 billion.Moreover, DeFiLlama’s data revealed that the network’s total value locked also gained an upward momentum since the beginning of this year, which looked promising.Solana’s performance on its metrics front also remained in its favor during the last week.Demand from the derivative market increased as its DyDx funding rate went up.
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