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Roninnetwork

$AXS/USDT 12h (#Bybit) Ascending triangle breakout and retestAxie Infinity Shard is pulling back to 50MA support, a bounce leading to another bullish move towards 200MA resistance seems likely. ⚡️⚡️ #AXS/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.3X) Amount: 7.0% Current Price: 7.665 Entry Targets: 1) 7.310 Take-Profit Targets: 1) 9.725 Stop Targets: 1) 5.695 Published By: @Zblaba Risk/Reward= 1:1.5 Expected Profit= +42.95% Possible Loss= -28.72%
Long
by TradingOn
Ronin Network Staking $RON $AXSDon't think I'll take this trade (simply because I think there are better trades out there), but I like the thought-experiment around $RON staking coming early next year, what that means for $AXS outflows and where price could go. The fib extension and 10 cents price marker represents a further and healthy 50% drop, and if the timing is right, potentially seeing that AXS → RON sell-off as tribal followers think RON will do another crazy move like AXS did and exchange into it.
by InevitableCrypto
North Korea May Be Behind AXS/RON HackFrom the Wall Street Journal: "U.S. law enforcement linked the Lazarus Group, an online crime syndicate connected to the North Korean government, to the $540 million hack of the online game Axie Infinity last month. The theft, infiltrating the network upon which the game is run, was one of the largest in the 13-year history of cryptocurrencies. The perpetrators stole 173,600 ether and 25.5 million of the stablecoin USD Coin, or USDC, worth about $540 million at the time of the attack." www.wsj.com
Short
by RyanTanaka
Hacked? The Problem With Cross-Chain Tokens and PlatformsLately there has been an increase in hacking activities in crypto and Web3 related projects as whole, as hackers target smaller projects and platforms to siphon money out of vulnerable systems. To be clear, none of the major protocols or coins has EVER been breached - Bitcoin, Ethereum, Dogecoin, Tezos, etc. The protocol has always been safe, and decentralized. But individual projects and platforms (including DAOs and DeFis) might be vulnerable. Crypto projects get hacked in two main ways: 1) For efficiency/speeds, crypto projects built on top of certain blockchains often have to be centralized to some extent in order to get the results needed. This often leads to vulnerabilities that can be targeted by hackers (ex. 1 login/password that gives the intruder access to everything). 2) 51% attacks - if the hackers are willing to front enough money to own 51%+ of the tokens, they can use that leverage to basically control the whole blockchain for their own purposes at any time. This gets more difficult as the network grows (since it becomes more expensive to reach 51%+) but smaller blockchain projects are vulnerable to these types of attacks since it requires much less resources than trying to target larger networks. (The major coins out there are basically impossible to 51% attack at this point.) Because Web3 projects is still in its early stages at this point, breaches like these may become more commonplace and people may end up losing a lot of money if they're not careful. Buyer beware, either way. According to Vitalik, the solution to this problem is Maximalism a "healthy intolerance" of other forms of thinking. (This is an April Fools joke, just in case. lol) vitalik.ca
Long
by RyanTanaka