Cryptocurrency Thefts Surpass $1.2 Billion in 2024 Amid Rising Concerns

According to Odaily, following the latest hacking incident in August, cryptocurrency hackers have stolen over $1.2 billion, heightening concerns about the widespread adoption of digital currencies. So far in 2024, the crypto industry has experienced 154 hacking and theft incidents, resulting in a loss of $1.21 billion in digital assets. This figure represents a 15.5% increase compared to the same period in 2023, when losses slightly exceeded $1 billion, according to a report by Immunefi.Mitchell Amador, founder and CEO of Immunefi, expressed concern over this troubling trend, suggesting that the amount stolen by hackers in 2023 could be surpassed this year. He stated, 'It is difficult to make predictions, but the ecosystem is always at risk of a severe and successful attack, which could significantly increase these numbers. We must remain vigilant to mitigate such risks.'In August, hackers stole over $15 million worth of cryptocurrency, a significant decrease of 94% compared to the $274 million stolen in July.
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Cats Coin Price Prediction: What Will Be the Listing Price?

Overview of $CATS

The memecoin community is abuzz as the $CATS token prepares for its debut on major crypto exchanges. Drawing inspiration from the popular Dog-themed tokens, $CATS has already garnered significant attention, amassing over 20 million Telegram users. With an airdrop scheduled before September 30th, anticipation is high among crypto enthusiasts for this cat-themed token.

CATS Token Listed on Bitget Pre-Market

The buzz surrounding $CATS has intensified with its recent listing on Bitget for pre-market trading. Traders are keenly watching the token’s potential, and speculation is growing that $CATS might soon be listed on Binance. Such a listing could drive its price to new heights.

Current Market Metrics

Last Price: $0.000728 per CATS
24-Hour Total Volume: $102,730
Total Volume (USDT): $241,040
Total Supply: 600,000,000,000 CATS
Market Cap Calculation

To estimate the market capitalization (market cap) and predict future price scenarios, we use the formula:

Market Cap = Last Price × Total Supply

For the current price:

Market Cap Calculation: $0.000728 × 600,000,000,000 = $436,800,000 USDT
Price Prediction Scenarios

Price Increase to $0.001

New Market Cap: $0.001 × 600,000,000,000 = $600,000,000 USDT
Price Increase to $0.005

New Market Cap: $0.005 × 600,000,000,000 = $3,000,000,000 USDT
Price Increase to $0.01

New Market Cap: $0.01 × 600,000,000,000 = $6,000,000,000 USDT
Comparative Analysis

Current Market Cap: $436.8 million (at $0.000728 price)
Potential Market Caps:
$600 million (at $0.001)
$3 billion (at $0.005)
$6 billion (at $0.01)
Conclusion

Based on the current data:

At its current price, $CATS has a market cap of approximately $436.8 million.
A price rise to $0.001 would increase the market cap to about $600 million.
If the price reaches $0.005, the market cap could climb to $3 billion.
A price of $0.01 would result in a market cap of around $6 billion.
These predictions are based on the current market conditions .

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Bitcoin Plunges to $59,000 As Global Crypto Market Cap Drops 6%
The crypto market has once again erased all the gains from the past few days as Bitcoin has plunged to the $59,000 level amidst the drop in overall crypto market cap.
Bitcoin, which was showing positive momentum as it regained the $63,000 level yesterday, has wiped off all its gains in the last 24 hours. BTC fell as low as $58,000 before climbing back to its current price above $59,000.
Ethereum, on the other hand, lost 8% of its value during this period. ETH went from a 24-hour high of $2,700 to as low as $2,400.
Global crypto market cap sheds 6%
The overall cryptocurrency market has taken a tumultuous hit, with a 6% decrease recorded in the last 24 hours as per CoinMarketCap data. The bloodbath has also caused the top 20 altcoins to register single digit losses.
Even though the AI tokens have been surging in anticipation of the Nvidia Q2 earnings report, the market crash took the tokens down with it, erasing the gains from the past few days.
Coinglass data also shows that total crypto liquidations crossed $320 million in the last 24 hours. Over 87,700 traders were liquidated, with the largest single liquidation of $12.67 million. However, the exact reason for the sell-off and price dump remains unclear.
Toncoin and a few meme coins trade in the green
Interestingly, amidst the overall crash, the newly launched meme coin sensation DOGS, popular Solana meme coin POPCAT, and even Toncoin are trading in the green. DOGS and POPCAT are up by 2%, while TON is hovering near $5.3 with a 1% gain.


Toncoin nosedived by over 21% after Telegram founder Pavel Durov was arrested in France. Data from Tonscan also shows that the TON network is likely facing an outage as the network hasn’t processed any transactions in the last four hours.
The crypto fear and greed index has also fallen to the fear level at 30. According to Alternative data, the fear and greed index was standing at 48 in a neutral stance yesterday. However, the emotions and sentiments have triggered fear and panic among investo

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Terra Opens New Shuttle Bridge Interface for Asset Redemption

According to Odaily, Terra has announced on social media that the new Shuttle Bridge interface is now available for redeeming wrapped assets. This reopening allows users to transfer LUNC and USTC assets bridged to the Ethereum mainnet, BNB Chain (BSC), and Harmony network back to Terra Classic. The bridge will remain open until 30 days after the effective date of Terraform Lab's Chapter 11 bankruptcy plan, which is expected to be around October 30, 2024, based on the anticipated effective date of September 30, 2024, though this date may change.The reopening of the bridge provides users with the opportunity to redeem their assets and use them as needed. It is crucial for users to redeem their assets as soon as possible. Once the bridge closes, any assets still in the contract will be destroyed, and the bridge will be permanently closed.

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Sony Launches Soneium
Ethereum Layer 2 Testnet

According to Odaily, Sony Group has launched its new Ethereum Layer 2 network, Soneium, on the testnet. Owlto Finance has become the first cross-chain bridge to integrate with this testnet. Users can now transfer ETH test tokens between Sepolia, Berachain, and the Soneium testnet through Owlto Finance. Currently, Owlto Finance serves nearly 2 million users across more than 200 countries and regions. Soneium aims to leverage Sony Group's diverse business portfolio to create Web3 applications that appeal to the general public. Together, Owlto and Soneium are set to drive the adoption of Web3 into mainstream markets.
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