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Bybit: ETH Staking Deposits Stall, SudoRare Rug Pulls for 519 ETH
24/08/2022 15:10 0.1K

Bybit: ETH Staking Deposits Stall, SudoRare Rug Pulls for 519 ETH

Chart of the Day 

The broader crypto market took a breather from falling prices as bullish sentiments rekindled amid growing concerns over the looming recession. However, token performances early Wednesday (Asian hours) point to a predominant risk-averse stance among investors. According to CME Group’s Fed Watch Index, the probability of another 75 bps hike rose to 50-50 less than 24 hours before the start of the Jackson Hole Symposium. As of the time of writing, BTC is changing hands at around $21.3k, after posting a 1.8% increase over the past day. Major resistance levels in the $21.5k to $22k zone persist, and bearish pressure may once again push BTC down to test its previous support at $21k. Bybit blog reports.

ETH saw a slightly stronger comeback after jumping by 4.1% over the last 24 hours. However, the number of weekly ETH deposits on the Beacon Chain has hit an all-time low just weeks before the final Merge. The pace has tapered partly because more than 11% of ETH’s circulating supply has already been staked.

On the other hand, some analysts attribute the decline to speculations of a PoW fork, which may have raised investors’ hope of getting airdrops. Most major altcoins have remained in the green, with CHZ leading the pack on a double-digit percentage gain over the same period.

Talk of the Town 

Bybit: ETH Staking Deposits Stall, SudoRare Rug Pulls for 519 ETH 1

SudoRare, an NFT platform forked from SudoSwap and LooksRare that boosts staking opportunities, is the latest project that has rug-pulled its customers. The project, established on Tuesday, has since disappeared from social media platforms, along with user funds of approximately $800,000. Six hours after the project went live, almost 1 million LOOKS tokens were swapped into ETH and USDC, despite the numerous warnings of potential fraud. Shortly after, all 519 ETH in the user funds were moved off the platform. According to the blockchain security company, PeckShield, the drained funds have already been sent to three different wallets, each receiving 173 ETH.

Crypto & blockchain articles are created with the support of ByBit – leading crypto platform.

Bybit

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AMD Rates
10:30 09/12 Buy Sell
AMD / USD 393.00 397.00
AMD / EUR 410.00 420.00
AMD / RUR 6.22 6.45
dollars
dollars
CBA Rates
09/12/2022
USD / AMD
395.30
+0.15%
EUR / AMD
417.56
+2.18%
RUR / AMD
6.33
+0.01%
GBP / AMD
484.72
+3.70%
Cryptocurrencies
10:30 09/12
BTC/AMD
6,802,389
+2.24%
BTC/USD
17214.70
+2.39%
ETH/USD
1280.56
+4.22%
BCH/USD
111.83
+2.76%
XRP/USD
0.392060
+1.07%
LTC/USD
77.93
+3.91%
BNB/USD
290.13
+2.34%
DOGE/USD
0.098260
+2.35%
ETH/BTC
0.07438085
+1.77%
BCH/BTC
0.006495674
+0.34%
XRP/BTC
0.000022773
-1.30%
LTC/BTC
0.00452665
+1.47%
BNB/BTC
0.016851986
-0.07%
DOGE/BTC
0.000005707
-0.07%
CBA Metals
09/12/2022
dram / gram
Gold
22751.35
+109.63%
Silver
288.44
+4.05%
FOREX
10:00 09/12
EUR/USD
1.058
+0.80%
GBP/USD
1.2271
+0.67%
USD/JPY
135.91
-0.82%
EUR/GBP
0.8618
+0.12%
Oil
10:00 09/12
$ / barrel
Brent
76.76
-1.46%
Light Sweet
72.06
-1.02%
COMEX
10:00 09/12
$ / tr. oz
Gold
1813.50
+0.98%
Silver
23.33
+2.23%
Platinum
1013.40
-0.07%
LME / 3M
10:00 09/12
$ / tonne
Aluminium
2503.00
+0.70%
Copper
8543.00
+1.02%
Nickel
29725.00
-5.46%
Tin
24625.00
+1.31%
Lead
2212.00
+0.00%
Zinc
3236.50
+1.68%
Molybdenum
50066.92
+9.60%
Cobalt
51955.00
+0.00%
Indexes
10:00 09/12
point
Dow Jones
33781.48
+0.55%
S&P 500
3963.51
+0.75%
NASDAQ
11082.00
+1.13%
FTSE
7472.17
-0.23%
CAC 40
6647.31
-0.20%
DAX
14264.56
+0.02%
RTSI
1096.63
-0.21%
Nikkei
27901.01
+1.18%
Topix
1961.56
+1.03%
Hang Seng
19900.87
+2.32%
SSEC
3206.95
+0.30%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
10/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,128.5
+9.9%
Export 1
Export
4,129.4
+71.2%
Import 1
Import
6,755.8
+63.5%
CPI
Consumer price index
+8.70
Avg. Salary 2
Average salary
226,621
+14.0%
Services 3
Volume of services
2,074.3
+27.90%
Construction 3
Volume of construction
360,764
+14.4%
1 - mln AMD, 2 - AMD, 3 - bln AMD