Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Related articles
A blockchain security firm has issued a warning to Telegram users after a vulnerability was discovered exposing users to potential attack. The Bitcoin halving and pressure on dollar liquidity could lead to a “firesale” of crypto assets in the second half of April, according to BitMEX co-founder Arthur Hayes. Meanwhile, a new viral wave of memecoins could upend the likes of Dogecoin and Shiba Inu in the current crypto market cycle and according to CryptoQuant.
“High-risk” Telegram vulnerability exposes users to attacks — CertiK
A major vulnerability on Telegram messenger is exposing users to malicious attacks, according to a new report released by the blockchain security firm CertiK.
CertiK Alert took to the social media platform X on April 9 to warn the public against a “high-risk vulnerability in the wild,” potentially allowing hackers to deploy a remote code execution (RCE) attack through Telegram’s media processing.
According to the post, CertiK’s team has discovered a “possible RCE” attack in Telegram’s media processing on Telegram Desktop application.
“This issue exposes users to malicious attacks through specially crafted media files, such as images or videos,” CertiK wrote.
To avoid the vulnerability, users should check their Telegram Desktop configuration and disable the auto-download feature. The feature can be disabled by going to “Settings” and then tapping on “Advanced.”
Source: CertiK
BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes
The Bitcoin halving this month, combined with a “bag of tricks” from the Federal Reserve and Treasury, could “add propellant to a raging firesale of crypto assets” and depress the crypto market for weeks, says BitMEX co-founder Arthur Hayes.
In an April 8 blog post, Hayes wrote he believed the Bitcoin halving would “pump prices in the medium term” but warned crypto prices “directly before and after could be negative.”
“The narrative of the halving being positive for crypto prices is well entrenched. When most market participants agree on a certain outcome, the opposite usually occurs,” he wrote.
Hayes believed the halving is also timed for when “dollar liquidity is tighter than usual” and outlined his theory on how the United States Federal Reserve and Treasury policies impact the markets.
“That is why I believe Bitcoin and crypto prices in general will slump around the halving […] It will add propellant to a raging firesale of crypto assets.”
Memecoins could dominate current crypto cycle, according to crypto VC
Crypto venture capital founder Andrew Kang believes memecoins have carved out a strong niche in the digital asset space, and could be a major driver of profitability in the current market cycle.
In an April 7 post on X, Kang, who founded Mechanism Capital, likened memecoins to “culture coins,” and said the new class of tokens could exceed Dogecoin
SHIB
$0.000028 in popularity.
“Communities with strong values and identities naturally try to convert others to their beliefs and publicly display what it is they love about their lifestyle. They are inherently viral,” he said.
Solana has emerged as the leading network for launching memecoins, with the likes of Jeo Boden (BODEN) and Doland Tremp (TREMP) being the latest examples of coins to gain significant popularity. Since launching on March 9, BOEN has returned more than 700,000%.
