The long-awaited online sale of non-fungible tokens (NFTs) from a Bored Ape-themed metaverse world called “Otherside” was completed by Yuga Labs on May 1, increasing Ethereum fees. There were 55,000 NFT Otherdeeds for sale and Yuga Labs tweeted that they were all sold out.
In other news, Cloudflare, a web security solutions company, has successfully halted a massive HTTPS-based Distributed Denial of Service (DDoS) attack on a cryptocurrency firm.
The global crypto market value increased by 2.16% to $ 1.74 trillion from 8:50 ET. However, global cryptocurrency volume fell 6.68% to $ 80.16 billion, according to data from Coinmarketcap.
It was the largest NFT coin in history by several times, and yet the gas used under the coin far exceeded the demand of anyone’s wildest expectations. The scale of this coin was so large that Etherscan crashed.
– Yuga Laboratories (@yugalabs) May 1, 2022
“After small fluctuations, Bitcoin (BTC) is back to where it started this weekend. Bitcoin ended April with a retracement of 17%, the worst month so far for the market leader in 2022. Ether and large altcoins follow a similar pattern. Currently, there is no bullish catalyst in sight. However, further price collapses in the market may continue, “says Gaurav Dahake, CEO and founder of Bitbns.
BTC, the world’s oldest cryptocurrency, traded at $ 38,658.93, up 1.68% in the last 24 hours. Ethereum (ETH) also rose 2.68% to $ 2,840.58.
Among other major currencies, Cardano (ADA) rose 2.49% to $ 0.7865, Algorand (ALGO) traded 3.63% to $ 0.5993, Binance Coin (BNB) rose 1.98% to $ 390, 41, Solana (SOL) traded up 2.43% to $ 89.79, and Polkadot (DOT) also rose 3.56% to $ 15.40.
Today’s biggest win was MetaPay (METAPAY), which rose 536% to $ 0.000003658. The big loser was NINJA INU (NINJA), which lost 87.88% to $ 0.000001349.
Meme Coin and DeFi prices
Dogecoin (DOGE) rose 1.65% to $ 0.1323. Its volume relative to market value is 0.05134. Rival Shiba Inu (SHIB) rose 4.49% to $ 0.00002143.
Dogelon Mars (ELON) rose 0.04% to trade at $ 0.0000009193 and Samoyed Coin (SAMO) rose 0.75 cents to $ 0.00001513. However, Floki Inu (FLOKI) fell 3.54% to $ 0.00001513.
In the DeFi segment, YFI (yearn.finance) rose 3.42% to $ 17,186.07, Terra (LUNA) traded at a gain of 4.58% to $ 83.06, Avalanche (AVAX) rose 1.28% to $ 59, 02, Uniswap (UNI) traded up 3.48% to $ 7.04, and Aave (AAVE) traded up 1.7% to $ 146.14.
Over the past three years, the Crypto Forum research group has from @inretafo work on the specification of the next generation of public key encryption (PKE) (hybrid). The result is Hybrid Public Key Encryption (#HPKE), published today as RFC 9180. https://t.co/LrPqiu2oXb
—Cloudflare (@Cloudflare) February 24, 2022
Data from Etherscan showed that Ethereum users paid nearly 64,000 ETH (equivalent to $ 175 million) in gas fees. “This is the largest NFT coin in history by several times, but the gas used under the coin shows that demand has far exceeded anyone’s wildest expectations. The scale of this coin was so large that Etherscan crashed. We are sad. of turning off the Ethereum light for a while, ”said Yuga Labs, Cointelegraph reported.
Cloudflare said in a blog post that the latest hacking incident involving a cryptocurrency company was one of the biggest HTTPS DDoS attacks ever. It dropped 15.3 million requests per second (rps) on the server at its highest. They also noted that it was an expensive hack because it involved an HTTPS encryption hack where hackers needed significant computational resources to break the encrypted Transport Layer Security (TLS) connection.