Reactivated Ethereum pools trigger a 78% surge in THORChain price

Reactivated Ethereum pools trigger a 78% surge in THORChain price

RUNE looks ready to extend its gains after the reactivation of ETH-based pools resulted in a 78% rally last week. Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement appears to be having a positive impact on RUNE price.Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.95 on July 20,....


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THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It?

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RUNE rally: A closer look at THORChain’s new synthetic assets

A THORChain synth is unique: Backed by 50% of the underlying asset and 50% of RUNE instead of 100% of the actual asset. THORChain (RUNE) has appreciated nearly 41% in the past seven days, according to the data from Cointelegraph Markets Pro, and its recent price action is even leading the entire crypto market in the first quarter of 2021. Its mainnet launch, which was originally slated last year, is one of the main factors that led to its recent price surge. But, the other factor that provided added momentum is the integration of synthetic assets to its network. Why was this such a huge....

ThorChain loses $7.6M in ‘Chaosnet’ exploit, offers hacker a bounty to return...

The ThorChain network remains halted after the protocol suffered a hack in which the perpetrator is estimated to have made off with $7.6 million in crypto assets. Popular cross-chain decentralized exchange, ThorChain, has suffered a multimillion-dollar breach.Estimates as to the scale of the damage vary, with ThorChain revising the initial estimate that 13,000 ETH (worth $25.1 million) had been stolen down to 4,000 ETH (roughly $7.6 million) as a ballpark for damages. At this stage the estimate is around ~4000 ETH worth of assets (ETH/ERC20) was taken, not 13k ETH. More detailed assessment....

THORChain (RUNE) Primed For Big Gains, Analyst Eyes $20 Milestone

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TA: Ethereum Steadies Above $3,200, Here’s What Could Trigger Strong Surge

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