Chainalysis: India ranks first in grassroots cryptocurrency adoption
According to Chainalysis' 2023 Global Cryptocurrency Adoption Index, India ranks first in grassroots cryptocurrency adoption. In this index, India ranks higher than other countries with a large amount of Bitcoin trading and mining activity. Additionally, when examining the countries with high estimated cryptocurrency values received from July 2022 to June 2023, India ranks second.
In the past year, India has obtained approximately $250 billion worth of cryptocurrency, second only to the United States, which obtained approximately $1 trillion worth of cryptocurrency during the same period. India ranks first in the overall index, second in the concentrated service value ranking, third in the retail concentrated service value ranking, and fifth in the P2P exchange trading volume ranking. Nigeria, Vietnam, the United States, Ukraine, the Philippines, and Indonesia closely follow India.
700,000 ENS transferred to Coinbase, worth over $6.4 million
At 22:08:11 Beijing time, 700,000 ENS tokens ($6,401,500) were transferred from an unknown wallet to Coinbase.
KP3R rose nearly 70% in 24 hours, temporarily trading at $100.50
According to OKX market data on November 12th, KP3R surged to touch $110 before falling back, now priced at $100.50, with a 24-hour increase of 69.02%.
Scam Sniffer: In the past six months, Wallet Drainer has used Create2 phishing techniques to steal nearly $60 million
Scam Sniffer posted on X platform that Wallet Drainer abuses Create2 to bypass security alerts in certain wallets by generating a new address for each malicious signature. It is understood that the CREATE2 opcode allows users to predict the address of a contract before it is deployed to the Ethereum network. Uniswap uses CREATE2 to create Pair contracts.
Using Create2, Drainer can easily generate temporary new addresses for each malicious signature. After the victim signs the signature, the Drainer creates a contract at that address and transfers the user's assets. The motivation is to bypass wallet security checks.
In the past six months, Drainers of this type have stolen nearly $60 million from approximately 99,000 victims. Since August, an organization has used the same technique in Address Poisoning to steal assets worth nearly $3 million from 11 victims, with one victim losing as much as $1.6 million.
Yuan Cos, founder of SlowMist, commented: "This phishing trick is clever. Using Create2 to pre-create the funding receiving address (which is a contract address that does nothing until the phishing is successful), this can bypass many wallet security checks. Let's see which wallets can keep up and enhance their security measures in time."
LINK and SUSHI top the Smart Money 24-hour inflow list
According to Nansen 2 data on November 12th, the Smart Money 24-hour Ethereum network fund inflow tracking list is as follows:
ETH: Approximately $48.32 million, currently priced at $2053.93, with a 24-hour decline of 0.34%;
WBTC: Approximately $8.88 million, currently priced at $37089.8, with a 24-hour increase of 0.09%;
LINK: Approximately $1.393 million, currently priced at $16.064, with a 24-hour increase of 7.01%;
SUSHI: Approximately $485,000, currently priced at $1.011, with a 24-hour increase of 0.7%.
Almond FinTech announces completion of US$7 million in financing
Almond FinTech, a B2B technology company that connects legal and digital currencies, announced the completion of a $7 million financing. This funding will help expand Almond's rapidly expanding network in Asia, the Americas, and Africa.
Hong Kong law enforcement authorities launched Operation "Drill Front" to combat crypto fraud, involving a total amount of HK$180 million.
Hong Kong law enforcement agencies conducted the "Diamond Shield" operation from November 5th to 11th to crack down on online investment scams. A total of 223 people were arrested, including 157 men and 66 women, who are suspected of committing crimes such as "obtaining property by deception", "fraud" and "money laundering", with ages ranging from 18 to 69 years old, involving 265 cases with a total amount of HK$180 million. During the operation, about HK$3 million in criminal proceeds were successfully frozen, and a large number of mobile phones, bank documents, and withdrawal cards were seized.
There were a total of 328 victims in the case, including 143 men and 185 women, with ages ranging from 19 to 80 years old. One of the female victims was an 80-year-old engineer who had worked in elevator design. She was deceived by fraudsters posing as a senior analyst of digital assets in a bank and eventually lost over HK$9.1 million in virtual currency investment.
Decryp: Any account claiming to have the DCPT cryptocurrency is fake
Bockchain media Decryp posted on social media X, stating that there is no DCPT token minting. Any account claiming the existence of DCPT cryptocurrency, especially any links that require connection to your wallet for minting or voting, are fake and fraudulent attempts to deceive and steal your cryptocurrency. Scammers will create complete websites and Discord servers, as well as fake accounts impersonating our employees. Do not click on links, share links, or interact with them. We welcome your help in reporting them.
The current total market value of cryptocurrency is US$1.455 trillion, with BTC accounting for 49.57%
According to Coingecko data, the current total market value of cryptocurrencies is $1.455 trillion, which has decreased by 0.31% in the past 24 hours. As of now, the total market value of BTC is $722 billion, which accounts for 49.57% of all cryptocurrencies. Meanwhile, the market value of stablecoins is $127 billion, which accounts for 8.72% of the overall cryptocurrency market.
The Block: Cronos leads cryptocurrency gains in the past week, rising 76.4%
According to The Block's price data, among many cryptocurrencies that rose last week, Cronos (CRO) ranked first with a 76.4% increase in the past week. Cronos is a Layer 1 related to Crypto.com, supporting EVM and Cosmos. The second-ranked is Illvium (ILV), which rose 56.46% in the past week. The third-ranked is Kaspa (a proof-of-work Layer 1), which rose 53.38% in the past week.
Meanwhile, in terms of stablecoins, the total supply increased by over $2 billion in the past week, but the increase was almost entirely contributed by USDT, which increased from $84.85 billion to $86.85 billion in the past week.
