Worldcoin Launches Token and Payments Processor Alphapo is Hacked

Jul 24, 2023

After weeks of choppy price action, crypto markets fell this morning, with Bitcoin dropping 3.18% and ETH dropping 2.26%. Higher beta altcoins were hit harder – ARB -0.18% , SOL 31.93% , and OP 6.63%  declined 5.50%, 5.82%, and 4.43, respectively. Despite poor performance from most mid-cap altcoins, on-chain activity on Ethereum has remained relatively high, with many on-chain coins such as UNIBOT, rising significantly, perhaps pulling liquidity away from the altcoins listed on centralized exchanges. Interestingly enough, an exception to the marketwide decline was DOGE, which is up 3.60% today after Elon Musk changed Twitter’s name to “X” on the website and put the Dogecoin logo in his bio, leading to speculation that he may integrate DOGE could to the site. Traditional markets are up slightly, SPX has risen 0.39%, and NDQ has risen 0.02%. The dollar (DXY) continues its bounce from last week – up 0.18%. 

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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 1.42% falling to $60k and ETH 2.16% approaching the low $2,300s. Aptos (APT -0.37% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 5.84% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 1.42% climbing back above $61,000 and SOL 0.90% moving above $145, while ETH 2.16% is lagging, trading around $2,400. Among today's outperformers is SUI 5.80% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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