Shiba Inu Pumps 23%, Eyes Massive Rally

Shiba Inu (SHIB) saw a 23% price increase, pushing the meme coin into the spotlight once again. Investors speculate that SHIB could see up to a 7x rally, driven by increased activity within the Shiba Inu ecosystem, including developments in Shibarium, its layer-2 blockchain. The rally comes as SHIB approaches a key resistance level of $0.000015, with bulls hoping for a breakout that could lead to new all-time highs .

 

Dubai Tightens Crypto Marketing Rules

Dubai’s Virtual Asset Regulatory Authority (VARA) has implemented new marketing regulations for crypto-related advertising, requiring companies to include clear disclaimers about the risks of volatility and potential loss of value. The updated guidelines, effective from October 1, aim to increase transparency and protect investors from misleading promotional content. VARA’s CEO emphasized that the changes are designed to foster a more trustworthy investment environment, positioning Dubai as a key hub for crypto innovation.

 

OnyxDAO Suffers $3.2 Million Hack

Decentralized finance (DeFi) platform OnyxDAO experienced a major security breach, resulting in the loss of $3.2 million in user funds. The attack targeted a vulnerability in the platform’s smart contracts, highlighting the persistent risks in DeFi despite its growing popularity. OnyxDAO’s team has assured users that they are investigating the incident and working on compensating affected users, but the breach raises questions about the security standards across the DeFi space.

 

Ethereum Bulls and Bears Battle Over $2.8B ETH Options Expiry

The Ethereum market is witnessing high volatility due to a $2.8 billion ETH options expiry, with bulls and bears fiercely contesting the asset’s future direction. With the market evenly split between optimism for Ethereum’s upcoming upgrades and concerns over rising fees and competition, the outcome of this expiration could influence ETH’s price trajectory in the coming months. Both sides are bracing for potential volatility, with speculators closely watching the market for short-term trading opportunities.

 

 

Hacked Truflation Offers Hacker $500,000 to Refund Funds
On the evening of September 25, the Coinbase Ventures-backed decentralized exchange Truflation was hacked and lost about $5 million across multiple networks.

According to on-chain detective ZachXBT, the attackers stole funds from treasury multi-sig wallets and user accounts: about $3.89 million in TRUF, $1.07 million in ETH, and $236,000 in DAI.
The Truflatation team confirmed the “anomalous activity” and claimed it was a malware attack. They also urged customers to be vigilant due to the presence of active fraudulent accounts on the platform.

 

Hamster Kombat token price plunges on exchange debut

Amid Hamster Kombat officially listing on exchanges such as Binance and HashKey, the HMSTR token has been plummeting.

Telegram’s tap-to-earn Web3 game Hamster Kombat is celebrating the listing of its HMSTR token on cryptocurrency exchanges, even as the token’s price is rapidly declining.

Hamster Kombat took to X to officially announce that the HMSTR trading has started. The listing news came shortly after Hamster reported that the HMSTR airdrop was live, with balance withdrawal options opening at around 12:00 pm UTC. 

Amid the news, HMSTR plummeted as much as 10% within one hour, according to CoinGecko data.

According to the data, HMSTR’s value has tanked about 30% over the past 24 hours, from $0.012 to $0.0087. According to Hamster Kombat’s official communication, HMSTR is now being traded on major crypto exchanges such as Binance and HashKey. CoinGecko data shows that HMSTR has also debuted trading on OKX, Bybit, KuCoin, MEXC and others.