Wintermute, a major crypto market maker, has developed a tool to combat a rising threat in the Ethereum ecosystem—malicious smart contracts exploiting the new EIP-7702 delegation feature to drain user wallets. ‘CrimeEnjoyor’ Flags Dangerous Delegation Contracts On May 30, Wintermute unveiled “CrimeEnjoyor”, a code that injects visible warnings into verified malicious Ethereum contracts. These contracts are designed to auto-sweep incoming ETH from wallets with compromised private keys. The message warns users: “This contract is used by bad guys to automatically sweep all incoming ETH. DO NOT SEND ANY ETH.” This initiative comes in response to a growing trend of wallet-draining…
Author: Blockto Team
The rise of autonomous machines is redefining the future of work and commerce. Delivery robots, drones, and AI agents are no longer passive tools — they are becoming economic participants with onchain wallets, capable of earning, spending, and negotiating transactions independently. Bots as Economic Agents The autonomous machine economy is no longer a concept. It’s real, and it’s operational. Robots equipped with wallets can now pay tolls, tip navigation services, and collect service fees — all without human intervention. As they deliver packages or gather data, they execute microtransactions in real-time, making them agents in decentralized financial ecosystems. Access to…
The Open Network (TON), a layer-1 blockchain closely integrated with the Telegram messaging platform, experienced a brief service interruption on June 1, halting block production for approximately 40 minutes. The disruption was caused by an error in the masterchain dispatch queue, which was quickly identified and resolved by the development team. Block Production Restored Within 40 Minutes The TON team announced the issue at 12:51:00 UTC, with functionality fully restored less than an hour later. According to an official update, “A quick fix was released, and updating only a few master chain validators was sufficient to resume block production.” No…
Bitcoin (BTC) began June by defending its 2024 highs, closing May with an impressive 11% monthly gain. However, technical signals and trader sentiment suggest a possible cooling phase, with key levels like $100,000 and $97,000 now under close observation. Bearish RSI Divergence Sparks Caution Traders are closely watching Bitcoin’s Relative Strength Index (RSI) on the weekly chart, as early signs of a bearish divergence emerge. This divergence indicates weakening momentum despite rising prices, a potential warning signal for short-term bulls. “A potential RSI bearish divergence is forming… Still unconfirmed but worth watching,” one analyst noted. The RSI trend contrasts with…
Recent on-chain analysis reveals a concerning trend for Toncoin (TON) investors: over 90% of TON holders are currently in the red. As of now, only 6% are in profit, and 3% are at breakeven, highlighting a period of heavy losses for the majority of investors. TON Trades Around $3.14 Amidst Investor Pressure Toncoin is currently trading at $3.14, reflecting a 0.27% drop in the last 24 hours. The price weakness is compounded by the fact that a significant number of holders entered the market during higher price periods. 91% of Toncoin’s total supply is held by large wallets, indicating whale…
A massive Dogecoin (DOGE) transfer of 104,125,016 DOGE, valued at approximately $20 million, has been moved to Coinbase, one of the largest U.S.-based cryptocurrency exchanges. Dormant Wallet Suddenly Activates The wallet responsible for this transfer had been inactive since October 2021. The address DNbYuLjGbdiqcv39grmE1ahkMU19Y5dFND showed no outgoing transactions for nearly four years. This is the wallet’s first outgoing transaction since 2021, and blockchain data confirms that its original DOGE holdings were received through Coinbase Pro withdrawal addresses. Over time, the address gradually accumulated DOGE, but never moved funds—until this sudden and complete transfer. The entire DOGE balance was emptied in…
Move over Jim Cramer—crypto may have found its very own “Inverse Cramer” in James Wynn, a high-profile trader on the Hyperliquid exchange who made headlines for his $1 billion short bet on Bitcoin. Now, savvy traders are raking in millions by simply doing the opposite of his trades. Who Is James Wynn? James Wynn is a pseudonymous trader known for bold, high-leverage positions on Hyperliquid, a rising decentralized crypto derivatives platform. Recently, Wynn placed a staggering $1 billion short on Bitcoin—only to watch it turn into a massive loss. But the spotlight isn’t on Wynn for his losses alone. It’s…
Czech Justice Minister Pavel Blazek has officially resigned following intense public backlash over his ministry’s handling of a $45 million Bitcoin donation from Tomas Jirikovsky, a convicted drug trafficker and former operator of the Sheep Marketplace dark web platform. Bitcoin Auction Ignites Controversy On May 28, the Czech Ministry of Justice revealed it had raised nearly 1 billion CZK (~$45M) by auctioning 500 Bitcoin donated by Jirikovsky. The ministry planned to allocate the proceeds to initiatives like digitizing the justice system, combatting drug use in prisons, and improving staff housing. However, investigative reporting by Denik N exposed the donor’s criminal…
XRP, the digital asset powering Ripple’s cross-border payments platform, ended May with a doji candlestick formation, signaling market indecision. Despite this technical red flag, bullish sentiment remains strong in the options market, highlighting a divergence that could shape XRP’s near-term trajectory. Technical Picture: A Doji Signals Bull Exhaustion According to TradingView, XRP’s monthly chart closed with a doji candle featuring a long upper shadow. Prices rallied to a high of $2.65 but ultimately pulled back near the month’s opening level, suggesting that bulls failed to sustain momentum. Doji formations after an uptrend are often interpreted as signs of bull exhaustion.…
French prosecutors have charged 25 individuals, including six minors, in connection with a growing wave of crypto-related kidnappings that have rocked Paris and other parts of the country. The suspects, aged 16 to 23, were linked to multiple plots targeting prominent crypto executives and their families, according to the Paris public prosecutor’s office. The most high-profile case centers on a failed abduction attempt on May 13 in Paris’ 11th arrondissement. The intended victims were the daughter and grandson of Pierre Noizat, CEO of French crypto exchange Paymium. The attack, captured on video and widely shared online, showed four masked assailants…