Crypto wrap: Truflation hack and STX, DOGE, ONDO price update

Following the US Securities and Exchange Commission’s settlement with TrueCoin and TrustToken, Curve Finance is considering cutting exposure to the stablecoin True USD (TUSD).

Meanwhile, Bitcoin remains above $63k and a number of altcoins are seeing decent gains. Stacks (STX), Dogecoin (DOGE) and Ondo (ONDO) are among these coins.

Crypto market news wrap

WazirX court order

In top crypto news, a Singapore court has granted WazirX, the hacked India-based crypto exchange, a four-month moratorium.

The development comes as the hacker in the $230 million attack launders nearly all of the remaining stolen funds.

Truflation hacked

The crypto market also woke up to news that Truflation, a decentralized platform for data and analysis, had been hacked.

An update from the Truflation team confirmed the malware attack early September 26.

Crypto monitoring platform Breadcrumbs shared details of the money trail via a post on X. Truflation said it has involved law enforcement.

Truflation

@truflation

·Follow

Status Unchanged: The investigation continues, and we are maintaining all current security measures. Law Enforcement Coordination: We are in constant communication with law enforcement and following their guidance to ensure a thorough investigation. Further Updates: The team is…

2:31 pm · 26 Sept 2024

14

Reply

Copy link

Read 3 replies

Worldcoin

Also notable is news that South Korea authorities have fined the Worldcoin Foundation and Tools for Humanity over violations of personal data protection laws.

On Wednesday, the Worldcoin (WLD) token soared as the project announced expansion in three other countries.

Despite the latest news, WLD price is up 17% in the past 24 hours and more than 30% up in the past week.

PayPal

Other top crypto business stories involve Visa and PayPal.

Reports this week are that Visa is collaborating with major banks on tokenization and smart contracts, while PayPal has enabled business accounts in the US to buy, sell and hold crypto.

TON blockchain

Meanwhile, the TON blockchain is anticipating a fresh stress test for the network as the Hamster Kombat (HMSTR) token launches.

The HMSTR token launches at 12 pm UTC on Sept. 26.

Could TON experience similar downtime as it did Telegram-based meme coin Dogs (DOGS) launched earlier in the month?

Crypto price update

Stacks (STX)

Stacks price reached a three-month high with a sharp surge in the past week.

The 20% rally in seven days saw the native token of the Bitcoin layer 2 scaling network test bears around $2.00 on Wednesday.

Although STX has slipped to $1.98, its still above a rising trendline and could eye June highs of $2.42 and April 2024 peak above $3.01. On the downside, the main support would be $1.49 and potentially $1.00.

Dogecoin (DOGE)

Dogecoin has broken higher in the past 24 hours, rising by 5% as its price retested the key resistance area near $0.114.

The gains see DOGE eye further breakout performance should meme coins continue to tease a bullish flip.

With an ascending channel in place, Dogecoin price could eye a run to July highs of $0.14.

On the flipside, primary support would be around $0.10 and $0.09.

Ondo (ONDO)

ONDO is the native token of the DeFi protocol Ondo Finance. The token’s price has risen to above $0.78, a key supply zone, with 23% gains in the past week as it broke above a key downtrend line.

The gains come after Ondo Finance announced a proposal for its Ondo Short-Term US Government Treasuries (OUSG) to Sky’s Spark Tokenization Grand Prix.

The proposal, which also involves collaboration with asset manager BlackRock and tokenization firm Securitize, looks to have buoyed ONDO bulls.

Another leg up will see ONDO price retest $0.97 and potentially $1.45. Support would be around $0.68 and $0.56.