DeFi Bot Ramps Up Complex $17B Sandwich Attacks

In A Nutshell The infamous MEV bot known as “jaredfromsubway.eth” has made a comeback with enhanced capabilities for executing sophisticated “sandwich” attacks on Decentralized Finance (DeFi) protocols. According to recent reports by EigenPhi, this bot now employs new, multi-layered tactics to exploit vulnerabilities and manipulate transaction prices for profit. Initially gaining notoriety for securing millions…

Bitcoin Mining Paradox: Record Hashrate, Falling Earnings

Bitcoin Mining Paradox: Record Hashrate, Falling Earnings

In A Nutshell The Bitcoin ecosystem is experiencing a paradoxical situation where the hashrate, or the computational power used to mine and process transactions, has hit an all-time high, while miners’ earnings have sharply declined. This scenario poses significant challenges for Bitcoin miners, especially in the wake of the recent halving event and a noticeable…

Canto Blockchain Shuts Down Again, Token Price Surges

Canto Blockchain Shuts Down Again, Token Price Surges

In A Nutshell The Canto blockchain, a layer-1 network based on the Cosmos protocol, experienced a second shutdown merely 90 minutes after a scheduled restart aimed at addressing a consensus issue. This hiccup was attributed to unexpected secondary effects that emerged post-upgrade. Despite the outage, Canto’s token price witnessed an impressive surge, raising eyebrows in…