Is AAVE leading the shift from TradFi to DeFi?
BitcoinWorld South Korea Crypto Illicit Flows: A Crucial Partnership to Safeguard Digital Assets In a significant move to fortify its financial defenses, South Korea is taking decisive action against South Korea crypto illicit flows . The Korea Customs Service (KCS) has announced a groundbreaking partnership with domestic cryptocurrency exchanges, aiming to curb the rising tide of illicit foreign exchange transactions involving digital assets. This initiative underscores a clear commitment to creating a safer and more transparent digital financial landscape. Why Are South Korea Crypto Illicit Flows a Growing Concern? The urgency behind this collaboration is striking. Over the past five years, a staggering three out of every four foreign exchange crimes investigated by the KCS, when measured by monetary value, have been linked to virtual assets. This statistic highlights a critical vulnerability that demands immediate and comprehensive attention. Cryptocurrencies, with their rapid, borderless, and often pseudonymous nature, have unfortunately become attractive tools for various illicit activities. These can range from money laundering and tax evasion to funding illegal operations. The challenge for authorities worldwide is to harness the innovation of digital assets while mitigating their potential for misuse. This escalating trend of South Korea crypto illicit flows poses risks not only to financial integrity but also to national security and the broader public trust in digital finance. How Does This Partnership Tackle South Korea Crypto Illicit Flows? The new alliance is designed to foster a robust information-sharing ecosystem between the public and private sectors. Announced by Korea Customs Service Commissioner Lee Myung-gu at a meeting with the Digital Asset eXchange Alliance (DAXA) on September 2nd, the initiative outlines a clear division of responsibilities: KCS Contribution: The customs service will provide exchanges with up-to-date information on the latest crime cases and emerging patterns in illicit financial activities. This intelligence is crucial for proactive detection. Exchange Efforts: Virtual Asset Service Providers (VASPs) are tasked with enhancing their internal systems and processes to actively detect and report suspicious transactions. Their direct access to transaction data makes them frontline defenders against South Korea crypto illicit flows . This synergy between law enforcement and industry players is pivotal. It leverages the KCS’s investigative expertise with the exchanges’ operational data and technological capabilities to create a more effective deterrent. Benefits and Broader Impact of Combating South Korea Crypto Illicit Flows The collaboration promises a multitude of benefits for all stakeholders: Enhanced Security: A more secure digital asset environment reduces opportunities for criminals, protecting both individuals and the broader financial system. Increased Trust: By actively combating illicit activities, South Korea aims to build greater confidence in its crypto market, potentially attracting more legitimate investment and participation. Regulatory Clarity: Such partnerships often lead to a clearer understanding of regulatory requirements and best practices, benefiting both exchanges and users. Global Leadership: South Korea positions itself as a leader in responsible digital asset regulation, setting an example for other nations grappling with similar challenges regarding South Korea crypto illicit flows . Ultimately, the goal is to cultivate a healthy and sustainable digital asset ecosystem where innovation can thrive without being undermined by criminal exploitation. Navigating the Future: Challenges in Preventing South Korea Crypto Illicit Flows While this partnership is a significant step, the fight against illicit crypto flows is ongoing and complex. Several challenges remain: Evolving Tactics: Criminals constantly adapt their methods, requiring continuous updates to detection techniques and regulatory frameworks. Technological Complexity: The rapid pace of innovation in blockchain and crypto necessitates advanced analytical tools and skilled personnel to identify sophisticated schemes. International Cooperation: Digital assets transcend borders, meaning effective combat against illicit flows often requires international collaboration, which can be challenging to coordinate. Balancing Privacy and Security: Striking the right balance between protecting user privacy and ensuring robust security measures against financial crime is a delicate act. The success of this initiative will depend on continuous adaptation, technological investment, and unwavering commitment from both the KCS and the crypto industry. What This Means for You: Actionable Insights on South Korea Crypto Illicit Flows For individuals and businesses participating in South Korea’s crypto market, this partnership signals a heightened focus on compliance and transparency. Here are some actionable insights: Know Your Customer (KYC) and Anti-Money Laundering (AML): Expect continued emphasis on strict KYC and AML procedures from exchanges. Adhering to these is crucial for smooth transactions. Report Suspicious Activity: If you encounter anything that seems out of the ordinary, it’s vital to report it to your exchange or relevant authorities. Stay Informed: Keep abreast of regulatory changes and best practices in the digital asset space. By fostering cooperation and vigilance, the public and private sectors in South Korea are working together towards the goal of creating a healthy ecosystem, where the benefits of digital assets can be fully realized without the shadow of illicit activities. This proactive approach by the Korea Customs Service and DAXA is a powerful testament to South Korea’s dedication to securing its financial future in the digital age. It sets a precedent for how nations can effectively combat the challenges posed by virtual assets while embracing their transformative potential. Frequently Asked Questions (FAQs) Q1: What is the Digital Asset eXchange Alliance (DAXA)? A1: DAXA is an association of major cryptocurrency exchanges in South Korea that aims to promote a healthy and safe digital asset ecosystem through self-regulation and cooperation with authorities. Q2: What types of illicit activities are targeted by this partnership? A2: The partnership primarily targets illicit foreign exchange transactions involving virtual assets, which can include money laundering, tax evasion, and other financial crimes. Q3: How does this partnership affect regular cryptocurrency users in South Korea? A3: Regular, law-abiding users should experience a more secure and trustworthy environment. They may notice stricter KYC/AML procedures on exchanges, which are in place to protect the ecosystem from illicit actors. Q4: Why are cryptocurrencies often used for illicit flows? A4: Cryptocurrencies can be attractive for illicit activities due to their speed, global reach, and the perceived anonymity or pseudonymous nature of transactions, which can make them harder to trace without proper tools and cooperation. Q5: Will this initiative lead to stricter crypto regulations in South Korea? A5: This initiative is a form of enhanced enforcement and cooperation rather than entirely new regulation. However, successful implementation may inform future regulatory adjustments to further strengthen the fight against South Korea crypto illicit flows . If you found this article insightful, consider sharing it with your network! Your support helps us keep the crypto community informed and secure. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post South Korea Crypto Illicit Flows: A Crucial Partnership to Safeguard Digital Assets first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG News (Sept 2) reports that on-chain monitoring by LookIntoChain identified activity from whale address 0xFf15, which over the past four days sold 425 BTC (about $46.5 million) and purchased
BitcoinWorld Urgent Warning: WLFI Phishing Attacks Exploit Ethereum Upgrade In the fast-evolving world of cryptocurrency, staying vigilant is paramount. An alarming new threat has emerged, specifically targeting WLFI holders through sophisticated WLFI phishing attacks . These malicious campaigns are exploiting a recent Ethereum upgrade, putting your digital assets at significant risk. It’s crucial for every crypto enthusiast to understand this danger and take immediate action. Understanding the Ethereum Upgrade and Its Exploitation The core of these WLFI phishing attacks lies in a feature introduced by Ethereum Improvement Proposal (EIP) 7702. This proposal, which was part of the Pectra upgrade in May, brings a powerful new capability to the Ethereum network. What is EIP-7702? It allows an externally owned account (EOA) – your standard crypto wallet – to temporarily behave like a smart contract wallet. Why is this useful? It enables advanced functionalities like delegated execution permissions and batch transactions, making crypto interactions more flexible and efficient. However, as Yu Xian, founder of the blockchain security firm SlowMist, highlighted on X, hackers are exploiting this innovation. They are using EIP-7702 to plant addresses they control directly into victims’ wallets, effectively gaining unauthorized access to steal tokens. This new vector represents a serious challenge for wallet security. How WLFI Phishing Attacks Operate These WLFI phishing attacks are not random; they are highly targeted and cunning. Cybercriminals leverage social engineering tactics to trick users into unknowingly granting them access. They often impersonate legitimate entities or create convincing fake websites. Here’s a breakdown of common methods: Deceptive Links: Attackers send links that appear to be from trusted sources, such as project updates, airdrops, or support messages. Clicking these links can lead to malicious sites. Fake Wallets or DApps: They create fraudulent decentralized applications (DApps) or wallet interfaces that mimic real ones. When users connect their wallets, they inadvertently approve malicious transactions. Exploiting EIP-7702: Once a user interacts with a malicious site or approves a deceptive transaction, the attacker exploits EIP-7702 to inject their own address. This grants them temporary control over your wallet’s execution permissions, allowing them to drain funds. The sophisticated nature of these attacks means even experienced users can fall victim if they are not extremely careful. Protecting Your Assets from WLFI Phishing Attacks Given the escalating threat of WLFI phishing attacks , proactive security measures are essential. Protecting your digital assets requires vigilance and adherence to best practices. Consider these actionable steps: Verify Sources: Always double-check the URL of any website before connecting your wallet or approving transactions. Look for official links from trusted social media channels or project documentation. Hardware Wallets: For significant holdings, use a hardware wallet. They offer an additional layer of security by requiring physical confirmation for transactions, making remote exploitation much harder. Review Permissions: Carefully examine all transaction details and permissions requested by DApps. If something seems unusual or asks for excessive access, decline it. Stay Informed: Follow reputable blockchain security firms like SlowMist and official project channels for the latest security alerts and advice. Use Reputable Security Tools: Employ browser extensions that warn about known phishing sites, and consider using secure DNS services. Remember, the responsibility for securing your wallet ultimately rests with you. A moment of carelessness can lead to irreversible losses. Conclusion: Stay Vigilant Against Emerging Threats The exploitation of EIP-7702 for WLFI phishing attacks underscores the constant need for vigilance in the crypto space. While new Ethereum features like EIP-7702 promise greater flexibility and utility, they also introduce new attack vectors that malicious actors are quick to exploit. By understanding the mechanisms behind these attacks and adopting robust security practices, WLFI holders can significantly reduce their risk. The crypto community must work together to educate users and enhance security protocols. Your diligence is your best defense against these evolving threats. Frequently Asked Questions (FAQs) What is EIP-7702 and why is it relevant to phishing attacks? EIP-7702 is an Ethereum Improvement Proposal that allows externally owned accounts (EOAs) to temporarily function like smart contract wallets, enabling delegated execution permissions. Hackers are exploiting this by injecting their own addresses into victims’ wallets through deceptive means, gaining control to steal tokens. Are only WLFI holders affected by these phishing attacks? While the initial reports specifically mention WLFI holders, the underlying vulnerability exploits a general Ethereum upgrade (EIP-7702). This means that any user interacting with the Ethereum network could potentially be targeted by similar phishing attacks if they fall for a malicious scheme. How can I tell if a website is a phishing site? Always check the URL for misspellings or unusual domains. Look for HTTPS and a padlock icon, but be aware that phishing sites can also have these. Verify the link against official sources (e.g., project’s official Twitter, Discord, or website). Be wary of unsolicited links or offers that seem too good to be true. What should I do if I suspect my wallet has been compromised? If you suspect a compromise, immediately move all remaining funds to a new, secure wallet. Disconnect your compromised wallet from all DApps. Revoke any suspicious permissions granted to smart contracts using tools like Etherscan’s Token Approvals. Report the incident to relevant authorities or security firms if possible. Does using a hardware wallet protect against EIP-7702 exploits? Yes, hardware wallets offer strong protection. Even if you unknowingly interact with a malicious site, a hardware wallet requires physical confirmation for transactions. This makes it significantly harder for attackers to drain funds without your direct, physical approval, adding a crucial layer of security against WLFI phishing attacks . If you found this article helpful, please consider sharing it on your social media platforms to help others stay informed and secure their crypto assets. Your shares can make a real difference in protecting the wider crypto community from these emerging threats. To learn more about the latest explore our article on key developments shaping Ethereum security protocols and future-oriented advancements. This post Urgent Warning: WLFI Phishing Attacks Exploit Ethereum Upgrade first appeared on BitcoinWorld and is written by Editorial Team
U.S. stocks are flashing signs of investor euphoria even as crypto markets remain subdued, raising the risk of a spillover correction.
According to Coinglass data cited by COINOTAG on September 2, the cumulative short liquidation intensity across mainstream CEXs would reach $973 million if Bitcoin breaches $112,000, while a decline beneath
BitcoinWorld Dramatic Shift: South Korean Retail Investors Pivot from Tesla to Crypto Stocks A significant investment trend is sweeping through South Korea, marking a dramatic shift in how South Korean retail investors are allocating their capital. This isn’t just a minor adjustment; it’s a pronounced pivot from established giants like Tesla towards the more volatile, yet potentially lucrative, world of crypto-related stocks. Why Are South Korean Retail Investors Shifting Gears? Recent data paints a clear picture of this evolving investment landscape. According to Bloomberg News, citing Yonhap News and the Korea Securities Depository (KSD), South Korean retail investors net sold a staggering $657 million (916.3 billion won) worth of Tesla stock in August. This marks the largest monthly sell-off for the electric vehicle maker since early 2019, indicating a significant change in sentiment. Tesla Sell-Off: $657 million net sold in August. Crypto Stock Purchase: $253 million net purchased in Bitmine Immersion Technologies shares. This substantial divestment from Tesla wasn’t a move to cash out entirely. Instead, a considerable portion of these funds found a new home in companies deeply entrenched in the cryptocurrency ecosystem. For instance, Bitmine Immersion Technologies saw a net purchase of $253 million (352.8 billion won) in shares from these same investors, highlighting a clear preference for digital asset exposure. Understanding the Allure of Crypto Stocks for South Korean Retail Investors What exactly are these ‘crypto stocks’ that are drawing such significant attention? Generally, these refer to publicly traded companies whose business models are directly tied to the cryptocurrency market. This can include: Mining Companies: Firms that mine cryptocurrencies like Bitcoin. Exchanges: Platforms facilitating the buying and selling of digital assets. Blockchain Technology Firms: Companies developing and implementing blockchain solutions. The appeal for South Korean retail investors often stems from a desire to gain exposure to the high-growth potential of the crypto market without directly holding volatile cryptocurrencies themselves. Investing in these companies can offer a perceived layer of traditional market stability while still riding the waves of digital asset innovation and price movements. Navigating the Volatility: Risks and Rewards While the potential for high returns is a significant draw, it is crucial to acknowledge the inherent volatility and risks associated with crypto stocks. The performance of these companies is often closely correlated with the price movements of underlying cryptocurrencies, which are known for their rapid fluctuations. Investors must consider: Market Volatility: Sudden price swings in Bitcoin or Ethereum can directly impact crypto stock valuations. Regulatory Changes: The evolving regulatory landscape for cryptocurrencies can introduce uncertainty. Company-Specific Risks: Beyond crypto market dynamics, individual company performance, operational efficiency, and technological advancements play a role. This shift by South Korean retail investors underscores a broader trend of seeking new frontiers for growth, especially as traditional equity markets face various headwinds. The move reflects a proactive search for assets that offer significant upside, even if it comes with increased risk. What Does This Investment Trend Signify? This pivot by a significant segment of the investment community holds broader implications. It suggests a growing mainstream acceptance of digital assets and blockchain technology as legitimate investment avenues. Moreover, it highlights the agility of retail investors to adapt their portfolios in response to market signals and emerging opportunities. For market observers, this trend provides valuable insight into the evolving preferences of a tech-savvy investor base. It signals that the appetite for innovative and potentially disruptive sectors remains strong, with digital assets at the forefront of this new investment wave. Conclusion: A New Chapter for South Korean Investors The decisive move by South Korean retail investors to divest from Tesla and embrace crypto stocks marks a fascinating development in global investment trends. It illustrates a clear pursuit of high-growth opportunities within the digital asset space, signaling a potential long-term shift in investor sentiment. As markets continue to evolve, monitoring these dynamic changes will be crucial for understanding future investment landscapes. Frequently Asked Questions (FAQs) Q1: What prompted South Korean retail investors to sell Tesla shares? A1: The exact reasons are multifaceted but likely include a search for higher growth opportunities, changing market sentiment towards traditional growth stocks, and a desire to diversify into emerging sectors like cryptocurrency. Q2: What are ‘crypto stocks’ and how do they differ from direct cryptocurrency investments? A2: Crypto stocks are shares in companies whose business models are tied to the cryptocurrency industry (e.g., mining, exchanges). They differ from direct cryptocurrency investments as investors own company equity rather than digital assets themselves, offering a potentially more traditional investment vehicle with crypto exposure. Q3: Is this a unique trend to South Korea? A3: While the scale of this particular shift is notable in South Korea, the broader trend of retail investors seeking exposure to digital assets is global. South Korean investors are often early adopters of new technologies and investment trends. Q4: What are the main risks associated with investing in crypto stocks? A4: Key risks include high market volatility, potential regulatory changes impacting the crypto industry, and company-specific operational or financial risks that could affect the stock’s performance. Q5: What is Bitmine Immersion Technologies? A5: Bitmine Immersion Technologies is a company that operates in the cryptocurrency mining sector. Its shares were a significant recipient of the funds divested from Tesla by South Korean retail investors. If you found this analysis insightful, consider sharing it with your network! Your support helps us bring more crucial market insights to light. Follow us on social media for the latest updates on investment trends and cryptocurrency news. To learn more about the latest crypto market trends, explore our article on key developments shaping digital assets investment strategies . This post Dramatic Shift: South Korean Retail Investors Pivot from Tesla to Crypto Stocks first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Ethereum Active Addresses See Remarkable Surge to 4-Year High The world of cryptocurrency is buzzing with exciting news! Recently, Ethereum active addresses reached an incredible milestone, hitting a four-year high. This significant surge indicates a vibrant and growing ecosystem, drawing attention from enthusiasts and investors alike. It’s a clear sign of increasing engagement and utility on the network. What’s Fueling the Remarkable Surge in Ethereum Active Addresses? According to blockchain infrastructure provider Everstake, the number of active Ethereum addresses soared to 19.45 million in August. This figure marks the highest level recorded since May 2021, showcasing a substantial increase in network participation. But what exactly is driving this impressive growth? Several factors are contributing to this remarkable uptick in Ethereum active addresses : Decentralized Finance (DeFi) Resurgence: The DeFi sector continues to attract users with innovative lending, borrowing, and trading protocols. Many new and existing users are engaging with these platforms, driving up transaction volumes. Non-Fungible Tokens (NFTs): Although the NFT market has seen fluctuations, a steady stream of new projects and sustained interest in established collections keeps users active on Ethereum. Layer 2 Scaling Solutions: Solutions like Arbitrum, Optimism, and Polygon have made Ethereum more accessible and affordable. These Layer 2 networks process transactions off the main chain, reducing gas fees and increasing throughput, which encourages more users to interact with dApps. New Decentralized Applications (dApps): A constant influx of new and innovative dApps, from gaming to social platforms, is attracting fresh users and keeping existing ones engaged. Post-Merge Stability: The successful transition to Proof-of-Stake (the Merge) has brought greater energy efficiency and network stability, bolstering confidence among users and developers. Why Do Ethereum Active Addresses Signal a Healthy Ecosystem? The number of Ethereum active addresses serves as a crucial metric for evaluating the health and adoption of the network. It’s not just about price speculation; it reflects genuine user engagement and utility. When more addresses are active, it typically indicates: Increased Utility: Users are actively sending transactions, interacting with smart contracts, and utilizing dApps, demonstrating the practical value of the Ethereum blockchain. Stronger Network Effects: As more people use Ethereum, its value proposition grows, attracting even more users, developers, and projects. This creates a positive feedback loop. Developer Confidence: A high number of active users encourages developers to build and deploy new applications on Ethereum, further enriching its ecosystem. Market Demand: Sustained growth in active addresses often correlates with underlying demand for Ethereum’s services and its native cryptocurrency, Ether (ETH). Moreover, this growth suggests that despite market volatility, the fundamental utility and innovation within the Ethereum ecosystem remain strong. The consistent increase in Ethereum active addresses underscores its position as a leading blockchain platform. Navigating the Future: Opportunities and Challenges for Ethereum While the surge in Ethereum active addresses is undoubtedly positive, the network continues to face both opportunities and challenges on its path forward. Understanding these aspects is crucial for grasping Ethereum’s long-term trajectory. Opportunities: Continued Layer 2 Adoption: Further integration and innovation within Layer 2 solutions will make Ethereum even more scalable and cost-effective, drawing in a broader user base. Upcoming Protocol Upgrades: Future upgrades, such as EIP-4844 (Proto-Danksharding), aim to significantly reduce data costs for Layer 2s, making transactions even cheaper and faster. Institutional and Enterprise Adoption: As regulatory clarity improves, more institutions and enterprises are likely to leverage Ethereum for various applications, from tokenization to supply chain management. Challenges: Scalability Demands: Despite Layer 2s, the sheer demand for blockspace can still lead to congestion and higher fees during peak times. Competition: Other blockchain platforms are constantly innovating and vying for market share, presenting ongoing competition for users and developers. Regulatory Landscape: The evolving global regulatory environment poses uncertainties that could impact Ethereum’s growth and adoption. However, the proactive development community and the robust network effects suggest that Ethereum is well-positioned to address these challenges and capitalize on future opportunities, ensuring continued growth in Ethereum active addresses . A Lasting Impression of Growth The remarkable surge in Ethereum active addresses to a four-year high is more than just a statistic; it’s a powerful indicator of a thriving, dynamic blockchain ecosystem. It reflects increasing utility, robust user engagement, and a testament to the ongoing innovation within the Ethereum community. This milestone solidifies Ethereum’s crucial role in the decentralized future, demonstrating its enduring appeal and fundamental strength in the ever-evolving crypto landscape. Frequently Asked Questions (FAQs) Q1: What exactly is an active Ethereum address? An active Ethereum address is a unique wallet address that has initiated or received at least one transaction on the Ethereum network within a specific timeframe, typically 24 hours. It signifies direct engagement with the blockchain. Q2: Why is the number of active addresses important for Ethereum? The number of active addresses is a key metric for measuring network health and adoption. A high number indicates strong user engagement, increasing utility, and robust demand for the network’s services, which are all positive signs for the ecosystem’s long-term viability. Q3: What factors contributed to this recent surge in Ethereum active addresses? The recent surge is attributed to several factors, including a resurgence in Decentralized Finance (DeFi) activities, continued interest in Non-Fungible Tokens (NFTs), the growing adoption of Layer 2 scaling solutions, and the overall stability and confidence gained from the successful Ethereum Merge. Q4: How does the increase in active addresses impact Ethereum’s price? While not a direct predictor, an increase in active addresses often suggests higher demand and utility for the Ethereum network. This underlying strength can contribute positively to investor sentiment and, in turn, potentially influence the price of Ether (ETH) in the long run. Q5: What are Layer 2 solutions, and how do they help Ethereum? Layer 2 solutions are protocols built on top of the main Ethereum blockchain (Layer 1) that help scale the network. They process transactions off-chain, bundling them before settling on Layer 1. This significantly reduces gas fees and increases transaction speed, making Ethereum more accessible and efficient for a wider range of users. To learn more about the latest explore our article on key developments shaping Ethereum’s future price action. If you found this article insightful, please consider sharing it with your network! Your support helps us bring more valuable insights into the world of cryptocurrency. Share on Twitter, Facebook, or LinkedIn! This post Ethereum Active Addresses See Remarkable Surge to 4-Year High first appeared on BitcoinWorld and is written by Editorial Team
XRP is currently valued at around $3, but discussions regarding its long-term potential remain highly ambitious . A recent forecast from cryptocurrency exchange Changelly outlines possible timelines in which the token could trade well into the triple and even four-digit range, sparking renewed debate about XRP’s ultimate market ceiling. Changelly’s XRP Price Forecasts In its report, Changelly estimates that XRP could climb to $501.59 by February 2040. At that time, the exchange expects the token to trade with a minimum value of $414.86 and an average of $436.40. This would mark a staggering 17,499% increase from today’s levels. The same analysis projects that XRP could reach a maximum of $2,406 by December 2040, a potential return of more than 84,000% for investors holding at current prices. Changelly further anticipates that XRP may begin moving into the four-digit range by May 2040, with its lowest estimated price for the year set at $257.34. Broader Community Views While Changelly’s projections are notably optimistic, similar ideas have circulated in the XRP community. Prominent commentator Linda Jones has expressed confidence that XRP could trade above $100 in the future. Meanwhile, Jake Claver, Managing Director at DAG, has gone even further, suggesting that the token could eventually reach $10,000. These views demonstrate that long-term price targets for XRP vary widely, though most observers agree that timelines are difficult to predict with accuracy. Historical Context and Market Growth Supporters of such forecasts often point to XRP’s history of rapid appreciation. Between 2017 and 2018, the asset rose more than 75,000% before declining by over 95%. This precedent suggests that extreme volatility has been part of XRP’s price history, though replicating such exponential growth at higher market valuations becomes increasingly difficult. At $500 per token , XRP’s market capitalization would surpass $29 trillion, which is greater than gold’s current estimated value of $22 trillion. At $2,406, the valuation would exceed $142 trillion, eclipsing the present global stock market capitalization. Such figures highlight the scale of growth required and raise questions about the realism of these targets. For perspective, forecasting platform Telegaon has predicted Bitcoin could trade above $2.5 million per coin by 2040, equating to a market cap of around $53 trillion. Changelly’s own projection for Bitcoin is even higher, at more than $5.6 million per coin, representing a $119 trillion valuation. Even under these aggressive scenarios, XRP at $2,406 would imply a larger total market capitalization than Bitcoin, a scenario many analysts consider unlikely. Other AI Forecasts Different artificial intelligence platforms provide more cautious estimates. ChatGPT suggests XRP might approach $501 between 2040 and 2050, but considers $2,406 an unrealistic outcome under foreseeable conditions. Google Gemini refrains from assigning any concrete timelines, calling the targets speculative. Grok AI places a $501 milestone between 2030 and 2035 under highly favourable conditions, but views $2,406 as improbable within the next 10 to 20 years. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 While Changelly’s long-term projections place XRP at unprecedented valuations by 2040, other assessments remain far more restrained. Achieving $501 or $2,406 would require extraordinary levels of adoption and capital inflow, far exceeding current market structures. The forecasts illustrate both the optimism and skepticism that surround XRP’s future, underscoring the uncertainty inherent in long-term cryptocurrency price predictions. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Here’s When XRP Is Expected to Hit $500 and $2,400 appeared first on Times Tabloid .
WLFI token theft is a phishing-driven exploit that leverages Ethereum’s EIP-7702 delegate feature to pre-plant a malicious delegate contract in compromised wallets; when tokens arrive, attacker-controlled execution and automated sweeper