AMBCrypto

Congrats to our Sr. Sales Manager - Adhwaid Aravind! Adhwaid has been an invaluable member of our team and we're excited to celebrate this milestone with him! #workanniversay #team

Congrats to our Head of Research Manisha Mishra! Manisha has been an invaluable member of our team and we're excited to celebrate this milestone with her! #workanniversary #team

Congrats to our Jr. HR Manager Tanvi Jagtap! Tanvi has been an invaluable member of our team and we're excited to celebrate this milestone with her! #workanniversary #team

Just In: #Crypto billionaire '#CZ' sentenced to four months in prison

Just In: '#Bitcoin Jesus' charged with tax fraud and arrested in Spain

#Consensys takes '#Ethereum (ETH) is not a security' matter to court

#Bitcoin (BTC), #Ethereum (ETH), and other #cryptos bleed as tension escalates in the #MiddleEast

🚀 Polygon's Stablecoin Supply Hits New Heights Polygon's journey in the crypto space has taken an impressive turn in 2024, with its stablecoin market cap reaching nearly $1.5 billion, marking an 18% growth year-to-date (YTD). This achievement positions Polygon as the sixth-largest chain in terms of total stablecoin supply, showcasing its growing liquidity and user engagement. 🔍 Key Highlights: Rapid Growth: Polygon's stablecoin supply has seen a significant increase, indicating a larger pool of liquidity and making trading more efficient. User Engagement: With 1.1 million daily active addresses, Polygon's proof-of-stake (PoS) chain outperforms other scaling solutions, highlighting a surge in user participation. MATIC's Performance: Despite a lukewarm interest from whales, MATIC's price rose by 1.73% in the last 24 hours, with a 12% increase on a YTD basis. 🤔 What Does This Mean for Investors? Read here - https://lnkd.in/gq22Jv85

🚨 Hack Alert: Munchables Game Exploit Leads to $62M Loss 🚨 In a shocking turn of events, the Web3 project Munchables, operating on the Blast network, fell victim to a sophisticated exploit resulting in a staggering loss of $62.5 million in Ethereum (ETH). Here's what you need to know: The Attack: Allegedly orchestrated by North Korean hackers, the exploit involved manipulating a contract associated with Munchables, leading to the unauthorized withdrawal of approximately 17,413 ETH. Recovery Efforts: Munchables has acknowledged the breach and is actively tracking the hacker's movements in an attempt to halt the transactions. Blockchain analyst ZachXBT has identified a wallet address linked to the attacker, revealing the funds were laundered through the Orbiter Bridge. Further investigations suggest a potential inside job, with a Munchables developer accused of upgrading a contract to inflate their balance before the attack, hinting at a meticulously planned exploit. Read the full coverage here : https://lnkd.in/g3p7UheJ

Ethereum (ETH) stands as a beacon for long-term investors, showcasing resilience amidst market fluctuations. Recent analysis by AMBCrypto, leveraging insights from CryptoQuant, reveals a compelling narrative for Ethereum enthusiasts. Market Stability: Despite Ethereum's price adjustment from $4,200 to $3,445, the decrease in velocity indicates a strong holding pattern among investors, suggesting confidence in Ethereum's long-term value. Strategic Accumulation: Metrics such as the Mean Coin Age (MCA) and the Mean Dollar Invested Age (MDIA) signal a prime accumulation phase, with both indicators pointing towards a bullish future for ETH. Price Trajectory: Current trends and historical data suggest Ethereum is trading at a discount, with potential short-term targets at $3,800 and a retest of $4,000 on the horizon. Investment Perspective: The 30-day Market Value to Realized Value (MVRV) ratio stands at -1.573%, indicating an average loss for sellers at this point but presenting a favorable accumulation opportunity for long-term holders. Read the full analysis here : https://lnkd.in/g75qMeda