According to Com Feed monitoring, a cryptocurrency user fell victim to a social engineering scam, losing approximately 6,400 ETH worth about $10 million. The scammers impersonated customer support staff and convinced the victim to transfer funds, which have now been dispersed across three different wallets.
According to Lookonchain monitoring, the 604 million ANSEM tokens held in crypto KOL Ansem's wallet have exceeded $71 million in total value as the token price continues to rise. This whale position highlights significant market interest in the ANSEM project.
Multicoin Capital's latest report projects Hyperliquid's token HYPE to reach $319 by 2028 in a base case, implying a 4x upside from current levels. The core thesis relies on Hyperliquid's emerging profit model resembling centralized exchanges: high trading share, 99% protocol revenue used for buyback and burn, HIP-3 market-making deployment, USDC reserve yields, and wallet/fiat on-ramp expansion. However, the valuation is heavily dependent on revenue realization, facing risks from competition and regulation.
Ethereum Layer2 protocol Loopring has announced the immediate cessation of all trading services on its DEX and the deactivation of its relayers. The team attributed the shutdown to insufficient adoption, a lack of virtual machine support that stunted ecosystem growth, the delisting of LRC by major exchanges in 2026, and the obsolescence of its specialized architecture in favor of modern zkEVM solutions. A four-step asset recovery process will follow: publishing final balance snapshots, upgrading contracts to whitelist-only transfers, a two-week review period, and batch distribution of assets directly to users' L1 wallets (only for accounts above $10 value). All gas costs are covered by the team. This marks the conclusion of the first zkRollup platform and serves as a cautionary tale for specialized Layer2 designs.
Multicoin Capital's latest report projects Hyperliquid's native token HYPE to reach a base-case valuation of $319 by 2028, implying roughly 4x upside from current levels. The valuation is anchored on Hyperliquid's CEX-like revenue model, including high trading share, 99% protocol fee buyback-and-burn, HIP-3 market deployment, USDC reserve yield, and wallet expansion. However, the report cautions that the target is highly dependent on revenue delivery.
Ethereum Layer2 protocol Loopring announced the immediate shutdown of its DEX and the deactivation of its relayer. Reasons include lack of meaningful adoption, absence of a virtual machine causing ecosystem limitations, delisting of LRC by major exchanges in 2026, and the obsolescence of its specialized architecture compared to modern zkEVM solutions. The shutdown process involves publishing final balance lists, upgrading contracts to allow only whitelist transfers, a two-week review period, and batch asset distribution to L1 wallets for accounts with balances over $10. Users need not take action or pay gas fees. The event reflects the challenges faced by early zkRollup pioneers in an evolving industry.
On-chain monitoring reveals that BitMEX co-founder Arthur Hayes purchased 6.16 million SYN tokens from market maker FlowDesk, valued at approximately $2.2 million. The transaction has drawn attention to SYN's market dynamics and whale behavior.
Multicoin Capital's latest report projects Hyperliquid's native token HYPE to reach a base-case valuation of $319 by 2028, representing approximately 4x upside from current levels. The bullish case rests on Hyperliquid's increasingly centralized-exchange-like revenue model: strong market share in perpetual trading, 99% of protocol revenue used for buyback-and-burn, HIP-3 market deployment mechanics, yield from USDC reserves, and wallet onboarding expansion. However, the report cautions that the valuation is highly contingent on actual revenue delivery, with significant downside risk if growth disappoints.
