Open a long position in XPL with 10x leverage on Machi

The post Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi appeared on BitcoinEthereumNews.com. FX168 Financial News (North America) reports that cryptocurrency polymath Eric Trump has said that President Trump’s consistent advocacy of a Federal Reserve interest rate cut could push up cryptocurrency prices significantly. A rate cut would make interest-bearing safe assets less attractive. It would prompt investors to turn to speculative assets such as stocks and Bitcoin (BTC-USD).  Historically, cryptocurrencies typically rise during easing cycles, albeit not in a straight line. A rate cut could trigger a short-term rally. It could also signal economic weakness, which could drag down the performance of risky assets. In Eric Trump’s view, the digital asset industry is here to stay for the long haul. From there, the existence of proven cloud mining platforms has high benefits. What is Cloud Mining? XiuShan Mining cloud mining is a way to allow users to mine cryptocurrencies by renting computing power (arithmetic). A third party provides that computing power. Besides, users don’t need to purchase expensive mining equipment or perform technical maintenance themselves.  Users simply purchase a certain number of arithmetic contracts from the specialized XiuShan Mining cloud mining platform. That’s responsible for purchasing, deploying, operating, and maintaining the equipment, including power supply and technical management. Users can receive cryptocurrency revenue generated by mining on a pro rata basis according to the arithmetic power and lease term.  How Does Cloud Mining Work? Rented Arithmetic: Users select and purchase arithmetic contracts on the XiuShan Mining platform, which are typically measured in terms of hash rates (e.g., giga-hashes per second) that determine the amount of mining power. Mining Operations: XiuShan Mining uses its large mining facilities in remote data centers to validate blockchain transactions using the arithmetic power rented by users to solve complex mathematical problems. Distribution of Revenues: Cryptocurrency revenues generated by mining are distributed to users on a regular basis…

The post DeFi Platform Operating on BNB Chain Attacked by Hackers! How Much Lost? Here Are the Details appeared on BitcoinEthereumNews.com. New Gold Protocol (NGP), a decentralized finance (DeFi) platform operating on BNB Chain, was hit with a $2 million attack on Wednesday. The attack targeted the protocol’s liquidity pool, resulting in significant losses. NGP Protocol on BNB Chain Loses $2 Million Web3 security firm Blockaid explained that the attack was based on price oracle manipulation. The attacker targeted the getPrice function in the NGP smart contract. This function calculates the token price by directly referencing Uniswap V2 pool reserves. However, according to Blockaid, “the instant price from a single DEX pool is not secure because attackers can easily manipulate reserves with a flash loan.” The attacker executed a large swap using a flash loan for a large amount of tokens. This increased the pool’s USDT reserves, decreased the NGP reserves, and caused the price oracle to report an artificially low value. This manipulation allowed the contract’s transaction limit to be exceeded, allowing the attacker to acquire a large amount of NGP tokens at a low price. On-chain security firm PeckShield reported that the stolen funds were transferred through Tornado Cash. The NGP token price also plummeted by 88% following the attack. This incident is the latest in a series of attacks targeting DeFi protocols. Last week, the Sui-based Nemo Protocol suffered a similar $2.6 million loss. According to Chainalysis data, more than $2 billion was stolen from crypto services in the first half of 2025 alone. This figure is higher than the same period in previous years, indicating increasing security risks in the sector. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/defi-platform-operating-on-bnb-chain-attacked-by-hackers-how-much-lost-here-are-the-details/

Huawei builds Atlas 950 SuperCluster with more than 500,000 Ascend chips.