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Berachain Controversy as Co-Founder Sells BERA Tokens

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Just days after its mainnet launch and airdrop, the Berachain community is concerned about the project’s visible favoritism toward private investors. There are also allegations about the network’s lead developer swapping large amounts of airdropped BERA tokens.

Despite this, however, Berachain does have a chance to rebuild public trust. If its Proof of Liquidity system gets implemented and becomes operational, it would be a truly novel project.

Questionable Decisions from Berachain Developers

Berachain, the new layer-1 blockchain network, has created notable engagement in the crypto space due to its airdrop and mainnet launch last week. Although the firm has a clear vision to become a novel network with its unique ‘Proof of Liquidity’ mechanism, its marketing and hype are evocative of meme coin culture.

Its pre-launch liquidity platform attracted $2.3 billion in deposits. Berachain also started one of the biggest airdrops this year with its mainnet launch on February 6. Its BERA token also received Binance listing immediately after TGE, along with other major exchanges.

However, trouble has been brewing. When the airdrop happened, users complained that testnet farmers got minuscule BERA token rewards.

Berachain’s blockchain is designed as a self-contained system of three tokens: BERA, BGT, and HONEY, which serve different functions. However, by staking and burning different tokens, users can exploit the system.

“Wait, so all the huge insiders of Berachain, with locked BERA tokens, can stake the BERA, receive BGT, burn the BGT for BERA and then dump? Please tell me this isn’t true. It’s almost criminal,” one user wrote after the BERA tokenomics were revealed last week.

Ericonomic, an observer of Berachain’s blockchain ecosystem, compiled a thread of pressing concerns. Essentially, more than 35% of the BERA token supply went to private investors, and its inflation is much higher than most projects.

Also, private investors can stake BERA to earn liquid rewards that they can easily dump. There are also concerns about one potential core developer dumping his BERA tokens.

“A cofounder [DevBear] is selling tokens from one of his doxxed addresses. He got around 200,000 BERA from the airdrop (this is a really bad thing since he, or the core, designed the airdrop) and then he swapped some of those tokens for WBTC, ETH, BYUSD, etc,” Ericonomic claimed.

Berachain developers didn’t reveal the nature of their blockchain’s staking scheme until recently. Additionally, although they claim that Berachain’s core product will be Proof of Liquidity, this hasn’t materialized yet.

So, all of these factors do make BERA’s long-term sustainability questionable. It might end up being as extremely volatile as non-utility meme coins.

“I’ve always seen Berachain as a breath of fresh air in a place full of scams, something with its own culture and good morals, and I’m not gonna lie—seeing this ‘bad’ launch and the ‘shady’ stuff makes me feel kinda sad. But the end, if the builders keep working as they have for the last few years, Berachain will succeed and become the best place to yield by far,” Ericonomic wrote.

BERA Token Continues to Struggle

As soon as the airdrop took place, BERA’s price began dropping like a rock. It fell over 50% from its intra-day peak post-airdrop, and it continued to struggle the next day.

Ostensibly, Berachain is attempting a novel type of blockchain project, but community confidence has been shaken, and that crisis has been reflected in its valuation.

Berachain (BERA) Price Performance
Berachain (BERA) Price Performance. Source: BeInCrypto

Still, even despite these alarming trends, community members are not totally bearish in their predictions. There is still a lot of optimism around the Proof of Liquidity (PoL) mechanism. The network has significant developer support.

So, if PoL is implemented and the dev community remains committed to leveraging the novel architecture, Berachain could likely overcome these challenges in the long-term.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bubblemaps (BMT) Surges 100% After Binance Listing and Airdrop

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Binance is listing Bubblemaps (BMT), causing a 100% rally for the newly launched altcoin. The exchange also put BMT in its HODLer Airdrops program, further driving engagement and market interest.

BMT will provide key benefits to Bubblemaps, powering its analysis platform and allowing increased community participation in its research and investigations.

Binance to List and Airdrop Bubblemaps (BMT)

Bubblemaps, a renowned blockchain analytics platform, has been building its BMT token for months now. In January, it announced an upcoming token launch, and Binance hosted the TGE on PancakeSwap one week ago.

Now, Binance is listing BMT and adding it to the HODLer Airdrops program.

“Binance is excited to announce the 12th project on the HODLer Airdrops page – Bubblemaps (BMT). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products… will get the airdrops distribution. Binance will then list BMT at 2025-03-18 15:00 (UTC) and open trading,” the firm claimed in an announcement.

As the world’s largest crypto exchange, Binance listing always tends to boost token valuations. The exchange has also recently announced a new listing process based on community votes and interest.

At the time of writing, BMT price is up nearly 100% today, and its daily trading volume has surged 230%. Current market sentiment suggests significant hype and speculative around the new token.

bubblemaps BMT price chart
Bubblemaps (BMT) Price Chart. Source: TradingView

Bubblemap’s data analytics tools have been instrumental in investigating crypto crimes, and it’s opening these to community participation. BMT holders will be able to submit cases and vote on on-chain research priorities through the new IntelDesk feature, helping decide new goals.

Meanwhile, BMT is the 12th asset to be in Binance’s HODLer Airdrops program. This program rewards BNB holders by periodically distributing free tokens from new projects.

This is mutually beneficial for both parties; Binance can reward its loyal users, and the exposure gives these new projects a real notoriety boost.

Ultimately, Bubblemaps’ token getting listed on Binance seems like a win for everybody. Sophisticated crypto investigations can be a thankless business, and BMT’s success directly subsidizes the platform’s work.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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StilachiRAT Malware Targeting Digital Wallets

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Microsoft’s incident response team has discovered a new remote access trojan (RAT) called StilachiRAT that poses a serious threat to cryptocurrency users.

StilachiRAT can collect system information, steal login credentials, and extract data from digital wallets. Although it has not yet spread widely, its potential impact worries the crypto community.

How Does StilachiRAT Threaten Crypto Investors?

StilachiRAT is more than just another malware—it represents an evolution in cyber threats targeting digital assets.

Microsoft reported on March 17 that once StilachiRAT infiltrates a system, it begins reconnaissance. It gathers details about the operating system, hardware identifiers, camera presence, and active Remote Desktop Protocol (RDP) sessions. Then, it focuses on stealing credentials stored in Chrome and data from the clipboard, where users often copy passwords or wallet keys.

This trojan specifically targets 20 cryptocurrency wallet extensions on Google Chrome. Some well-known wallets at risk include Metamask, Trust Wallet, Coinbase Wallet, TronLink, TokenPocket, BNB Chain Wallet, OKX Wallet, Sui Wallet, and Phantom.

“StilachiRAT targets a list of specific cryptocurrency wallet extensions for the Google Chrome browser. It accesses the settings in the following registry key and validates if any of the extensions are installed,” Microsoft warned.

Microsoft’s report highlights StilachiRAT’s advanced anti-forensic capabilities. It can delete event logs and assess system conditions to avoid detection.

To mitigate the threat, Microsoft advises users to download software only from official sources and avoid suspicious websites or attachments. Enabling real-time protection in Microsoft Defender and using browsers with SmartScreen can help block malicious sites.

Additionally, Microsoft recommends enabling multi-factor authentication (MFA) and regularly updating software to minimize risks.

“In some cases, remote access trojans (RATs) can masquerade as legitimate software or software updates. Always download software from the official website of the software developer or from reputable sources,” Microsoft advises.

According to Chainalysis’ 2025 Crypto Crime Trends report, illicit cryptocurrency transactions range from $40 billion to $50 billion annually. These funds are stolen through various methods, including ransomware and malware attacks.

Total Cryptocurrency Value Received by Illicit Addresses (2020 - 2024
Total Cryptocurrency Value Received by Illicit Addresses (2020 – 2024). Source: Chainalysis

Chainalysis estimates that the volume of illicit crypto transactions in 2024 could exceed $51 billion, with an average annual increase of 25% between reporting periods.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Pepe thrives as risk aversion hurts Bitcoin, Dogecoin

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Buy the dip

Trump’s trade policy has yielded a risk-off mood in the crypto market with the fear & greed index remaining on the fear end of the spectrum. As such, most majors and meme coins alike have recorded double-digit losses in recent months. Investors are now keen on the Fed’s tone at the end of the two-day meeting on Wednesday. 

Even so, there is a revolutionary project whose appeal remains undeterred by the current economic uncertainties. Bitcoin Pepe has maintained its upward momentum as savvy investors rush to be part of this project which assures hefty gains during and after its presale. 

Trump’s tariffs push Dogecoin buyers to the sidelines

The risk aversion observed in the crypto market has impacted majors and meme coins alike. As President Trump threatens of even more aggressive tariffs, crypto buyers have stayed on the sidelines waiting for further guidance from the March Fed meeting. 

In the near term, Dogecoin price will likely remain within the range of between the four-month low of $0.1439 and ythe resistance zone at $0.1804. Even with further rebounding, its gains may be curbed along the 25-day EMA at $0.1954.

Dogecoin price
Dogecoin price

Bitcoin Pepe maintains upward momentum despite risk aversion in the crypto market

Amid the ongoing crypto revolution, most of the recently launched meme projects are more than just a token that starts as a joke and goes viral. They focus on a particular need with the overall goal of revolutionizing the cryptocurrency space. 

Bitcoin Pepe is one such project. Its mission is to build “Solana on Bitcoin”, which will have investors enjoy the stability and security of the Bitcoin network and the Solana-like transaction speed. Besides, with the new PEP-20 standard, it will enable one to directly launch a memecoin on the most reliable network. 

Indeed, introducing the meme culture to the Bitcoin network is seen to be the missing puzzle. It is what has fueled Bitcoin Pepe’s virality as more savvy investors are rushing to be part of this revolutionary wagon. Subsequently, the project has raised over $5.5 million in the past five weeks of its presale. 

Besides, its pricing model is meant to favor long-term holders and early adopters. With every stage sold, BPEP token price increases by about 5%. What started at $0.0210 has already surged by 27.6% and is set to yield cumulative gains of 311.4% by the end of the 30 stages. As such, this is the opportune time to be part of a project that will have its holders earn heftily during the presale and beyond. Hurry up and buy Bitcoin Pepe here.

Bitcoin price remains range-bound as the March Fed meeting commences

Bitcoin price has been range-bound for over a week now as Trump’s aggressive trade policy maintains a risk-off mood. Investors are now eyeing further guidance from the Fed’s March meeting which commenced on Tuesday.

In the FOMC statement scheduled for Wednesday, the interest rates are expected to remain unchanged at the current 4.25% – 4.50%. However, the focus will be on the central bank’s tone on the impact of Trump’s tariffs on the country’s economy. 

In the near term, the range between the support level of $80,565 and the 25-day EMA at $86,500 will be worth watching. Depending on the Fed’s tone, further rebounding will give the bulls an opportunity to retest the crucial resistance zone of 90,000. On the flipside, further risk aversion may have Bitcoin price retest last week’s low at $78,039.

 

    



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