Bitcoin ETF netflows may be key in gauging market appetite as exchange order-book liquidity puts $116,000 top of the list for bulls. Key points: Bitcoin bounces as liquidation guardrails appear above and below price, making $116,000 a key level to watch. Expectations call for BTC price support to hold above $110,000 should bears take control. Read more
Triton is Nvidia’s open-source inference server designed to optimize AI model deployment, now at the center of newly disclosed security vulnerabilities. Technology company Nvidia released on Saturday a software update to patch vulnerabilities in its Triton server, which clients use for artificial intelligence models. The vulnerabilities, which cybersecurity company Wiz calls “critical,” could lead to the takeover of AI models, data theft and response manipulation if not patched. “Wiz Research found a chain of vulnerabilities that, when combined, could let an attacker with no prior access take full control of an AI server,” Wiz head of vulnerability research Nir Ohfeld told Cointelegraph. Read more
Web3 pump-and-dump schemes thrive on hype, anonymity, and unregulated markets; understanding their playbook is key to avoiding costly traps. Pump-and-dump schemes in Web3 manipulate a cryptocurrency’s price through coordinated buying along with misleading information and hype to lure investors in before a mass selling of a token, leaving it almost worthless. Decentralized anonymity and 24/7 unregulated trading make the industry particularly vulnerable to these manipulative investment schemes. A pump-and-dump follows four stages, including the token prelaunch, promotional hype building at launch, price pumping through buying action and a coordinated sell-off by orchestrators running off with profits. Read more
Former UK Chancellor and current Coinbase adviser George Osborne says the UK is falling behind in the cryptocurrency market, particularly when it comes to stablecoins. The United Kingdom is falling behind in the digital asset market, particularly in the area of stablecoins, despite the technology’s potential to help the country preserve its leading role in global financial services. That was a central message in a recent Financial Times op-ed by George Osborne, the former UK chancellor turned crypto lobbyist, who joined Coinbase as an adviser last year. “What I see makes me anxious. Far from being an early adopter, we have allowed ourselves to be left behind,” Osborne wrote, referring to his native UK. Read more
Bitcoin is trying to start a recovery from $112,000, but bears may pose a substantial challenge at $117,000 and then at $120,000. Key points: Bitcoin is trying to take support near $112,000, but higher levels are likely to attract selling by the bears. The deep pullback in several altcoins suggests the next leg of the up move may not happen in a hurry. Read more