Key takeaways
- CRV is up by less than 1% despite the ongoing market correction.
- The coin could rally towards the $0.5 psychological level as bulls continue to accumulate.
Curve DAO tops $0.40
Curve DAO (CRV) is trading above $0.40 after adding more than 8% to its value in the last 24 hours. It is facing resistance at $0.433 after recording excellent gains in the near term.
The bullish performance comes amid whale accumulation. According to Santiment’s Supply Distribution data, whales holding between 10 million and 100 million CRV tokens (blue line) have accumulated a total of 33 million CRV tokens from early January to Thursday.
However, wallets holding between 100,000 and 1 million ADA tokens (red line) and 1 million and 10 million CRV tokens (yellow line) have shed 29 million tokens.
In addition to that, Santiment’s Daily Active Addresses index, which tracks network activity over time, also suggests a bullish bias. An increase in the metric suggests growing blockchain usage.
CRV’s Daily Active Addresses rose from 945 on December 26 to 1388 on Thursday, the highest level since October 14. The surge indicates that demand for Curve DAO’s blockchain usage is increasing, which could benefit CRV’s price.
CRV could extend gains above $0.5
The CRV/USD 4H chart is bearish and efficient despite the coin’s recent bullish action. CRV retested the weekly resistance level at $0.433 and has now declined to trade at $0.414.
At press time, CRV is attempting to break above the weekly resistance level. If that happens, CRV could extend the rally toward the November 10 high of $0.548, which coincides with the 200-day EMA.
The Relative Strength Index (RSI) on the 4-hour chart reads 51, above the neutral level of 50, indicating bullish momentum is gaining traction.
Finally, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, adding further bullish confluence to the coin.
If the market correction persists, CRV could decline towards the new year low of $0.357.
- Curve Finance DNS hijack redirected users to a malicious clone site.
- CRV price has slid about 7.7% as investors panicked and dumped tokens.
- Curve Finance plans migration from DNS to ENS to enhance front-end security.
Late on May 12, Curve Finance warned in an X post that its “curve.fi” domain might be hijacked, and users were urged to avoid the site altogether.
Seems like https://t.co/vOeMYOTq0l DNS might be hijacked. Don’t interact!
— Curve Finance (@CurveFinance) May 12, 2025
According to an update issued by Curve Finance on X, the attackers rerouted the official Curve website’s DNS entries to a front-end clone designed to drain wallets through a deceptively simple drainer link embedded in the page.
While the platform’s smart contracts remain unaffected and secure, the compromised domain now points to an IP address controlled by malicious actors.
Wallet providers such as Phantom swiftly responded by blocking the “curve.fi” address and displaying prominent warnings to users attempting to connect.
Following the attack, Curve Finance has opened a full investigation, engaging security partners and its domain registrar to recover control and restore the genuine site.
Curve DAO (CRV) token price dips
In the wake of the DNS attack, CRV’s price has slipped to around $0.7231 on the CoinMarketCap live chart, marking a 7.7% decline over the past 24 hours as panic spread among investors.
As the price drops, trading volume has surged to over $188 million as holders raced to exit positions amidst the unfolding security crisis.
In addition, the token’s market capitalisation has fallen to roughly $973.1 million, underscoring the tangible impact of off-chain vulnerabilities on on-chain assets.
Although Bitcoin’s own retreat from $105,000 to $102,000 contributed to some downward pressure, analysts agree that the DNS incident served as the primary catalyst for the Curve DAO (CRV) sell-off.
Technical indicators show CRV revisiting price ranges last seen prior to the recent China-US trade deal, reflecting heightened volatility and investor concern.
It’s the second time Curve Finance is facing a DNS attack
The May 13 attack marks Curve Finance’s second front-end DNS breach, following a similar incident in July 2023 when around $61 million was siphoned before containment.
On that occasion, Binance froze more than $450,000 after the culprit attempted to launder funds through its exchange, while Fixed Float recovered about 112 ETH.
Curve subsequently changed DNS providers and advised users to revoke all approvals tied to the compromised domain, but front-end risk remained unaddressed.
The protocol’s social media channels have also been targeted, with its X account briefly hijacked on May 5 to post phishing links before being reclaimed on May 6.
Yesterday, the official @CurveFinance X account was compromised. As you already know, access has been fully restored.
To clarify: the incident was limited strictly to the X account. No other Curve accounts were affected. No security issues were found on our side, no user funds… https://t.co/8bci75uZGr
— Curve Finance (@CurveFinance) May 6, 2025
While Curve Finance has reiterated that no user funds were impacted, the cumulative sequence of breaches has eroded user trust in the platform’s external infrastructure.
Users have voiced frustration at Curve’s inability to secure its public-facing layers despite robust on-chain protocols, with one commenter noting that “secure contracts don’t matter much when the domain itself is the weak link.”
Security experts emphasise that front-end vulnerabilities pose existential risks for DeFi, as wallet connections and transaction approvals are mediated through user interfaces.
Industry peers are monitoring Curve’s remediation efforts closely, understanding that a successful ENS migration could set a new standard for protocol security.
Meanwhile, investors are watching CRV’s performance for signs of recovery or further downside, with broader market conditions also playing a critical role.
Curve Finance to move from DNS to ENS
In response to the latest attack, Curve Finance confirmed plans to ditch traditional DNS in favour of the Ethereum Name Service (ENS) for its human-readable addresses.
Unlike DNS, ENS utilises smart contracts on Ethereum’s blockchain to manage naming, eliminating reliance on centralised registrars and hosting providers.
By transitioning to ENS, Curve aims to bolster front-end security and minimise the attack surface that allowed malicious actors to hijack its domain.
The switch to “curve.finance” under ENS governance represents a structural shift toward decentralisation beyond simply smart contracts.
As Curve Finance diligently works to restore its official website and complete its ENS transition, CRV’s price trajectory remains uncertain in the near term.
For now, CRV investors must navigate heightened volatility and evolving security measures as Curve Finance battles back from another front-end exploit.
Analysts Believe One Of These 3 Altcoins Could Mirror Shiba Inu’s Massive 2021 Rally: HYPE, CRV and Remittix CoinCentral
Source link ]]>
Today, the cryptocurrency market is fueled by bullish momentum as Bitcoin (BTC) reaches $100,000 for the first time. After approximately two weeks of consolidation, BTC has finally surpassed the $100K resistance level. Among altcoins, Ethereum (ETH) is up by 6%, while Binance Coin (BNB), Solana (SOL), and XRP have seen declines of 2% to 6%.
Curve DAO Token (CRV) and The Sandbox (SAND) emerged as the top gainers, with price increases of 20% and 16%, respectively. The global crypto market cap has risen by approximately 3%, now at $3.55 trillion. Trading volume remains stagnant at $285 billion.
Meanwhile, the Fear and Greed Index indicates 83, reflecting extreme greed. Here’s a closer look at some of the top cryptocurrencies by market cap and their prices today, December 5.
Cryptocurrency Market Today: BTC Hits All-Time High, ETH Gains 6%, While XRP and SOL Decline
Bitcoin (BTC) price reached $100K for the first time in history, marking a new all-time high. Ethereum (ETH) rose by 6%, while major cryptocurrencies like Binance Coin (BNB), XRP, and Solana (SOL) experienced a 2–6% decline.
Bitcoin Price Today
Bitcoin (BTC) price is currently trading at $102,126, with a 24-hour low of $94,660 and a high of $103,287. At the time of writing, it is up by 7%. For the first time, Bitcoin’s market cap surpassed $2 trillion, now standing at $2.03 trillion. The 24-hour trading volume reached $92 billion, with a market dominance of 55.4%.
According to SoSo Value, BTC ETFs recorded a $15 million outflow, while BlackRock’s data is still awaited. Meanwhile, Fidelity purchased $17 million worth of BTC ETFs on Wednesday.
In related news, Federal Reserve Chair Jerome Powell compared Bitcoin to gold. This comparison fueled bullish sentiment in the cryptocurrency market today, as he noted that both assets are comparable, unlike the US Dollar.
Ethereum Price Today
Ethereum (ETH) price traded at $3,880, reflecting a 6% increase over the past 24 hours. Its 24-hour low and high were $3,663 and $3,906. At the time of writing, its market cap stood at $465 billion, with a trading volume of $60 billion. Ethereum’s market dominance reached 12.7%.
SoSo Value reported an inflow of $43 million into ETH ETFs on Wednesday, with Fidelity leading the contributions with $40 million. Data from BlackRock remains pending, keeping market participants alert.
Meanwhile, analysts at CoinGape speculate whether Ethereum’s price could hit $5,000 if Bitcoin reaches $150K. Recent Bitcoin consolidation has provided altcoins, including Ethereum, an opportunity to shine. Ethereum’s resilience, especially during an 8% BTC price dip, underscores its position as a strong contender in the current bull market.
XRP Price Today
XRP price traded at $2.3, marking a 9% decline in the last 24 hours. Its 24-hour low and high were $2.188 and $2.67. At the time of writing, its market cap stood at $132 billion, with a 24-hour trading volume of $24 billion. XRP ranked 4th among cryptocurrencies by market capitalization, holding a market dominance of 3.61%.
In related news, Ripple Labs CEO Brad Garlinghouse expressed his support for Paul Atkins as the potential SEC Chair. He praised Atkins for his “common sense” approach to crypto regulation, emphasizing his experience and reputation as a proponent of balanced regulatory measures.
Solana Price Today
In the cryptocurrency market today, SOL price traded at $235, reflecting a 2% drop in the last 24 hours. Its 24-hour low and high were $223 and $240, respectively. With a market cap of $111 billion and a trading volume of $7 billion, SOL ranked 5th in the cryptocurrency market.
Moreover, in related news, Coinbase announced the listing of Gigachad (GIGA), a meme coin on the Solana network. The price of GIGA surged following the listing announcement.
Meme Crypto Performance Today
Meanwhile, the cryptocurrency market today has shown bullish momentum in the top meme crypto sector. Dogecoin (DOGE) traded at $0.4385, reflecting a 6% increase. Similarly, Shiba Inu (SHIB) price surged by 4% to $0.00003143.
Other top meme coins like PEPE gained 5%, while WIF and BONK saw a decline of 1% to 2%. Additionally, Moo Deng (MOODENG) was recently listed on Coinbase. Its price soared by 70% within 24 hours of the announcement.
Top Crypto Gainers Prices Today
Curve DAO Token
Curve DAO Token (CRV) price was trading at $1.07, marking a 20% jump in price and securing its position as the top gainer today. Its 24-hour low and high were $0.9157 and $1.23, respectively. With this significant rise, CRV has now entered the top 100 cryptocurrencies by market cap.
The Sandbox
The Sandbox (SAND) price was trading at $0.86, reflecting a 16% surge in price. Its 24-hour low and high were $0.7759 and $1.06, respectively.
Top Crypto Losers Prices Today
IOTA
IOTA price was trading at $0.4689, showing an 18% drop in price over the last 24 hours. Its 24-hour low and high were $0.45 and $0.6055, respectively.
TRON
TRX price was trading at $0.3167, with a 17% drop in the past 24 hours. Its 24-hour low and high were $0.3166 and $0.4275. Despite the decline, it remains in the top 10 cryptocurrencies by market cap. The cryptocurrency market today shows mixed reactions, with major coins experiencing volatility.
The hourly chart in the cryptocurrency market today is giving mixed reactions. BTC is up by 3% in the last hour, while other major altcoins are showing a small decrease in price. XRP has dropped by more than 5% in the past hour, reflecting some volatility in the market. The cryptocurrency market today continues to show fluctuations across various coins.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A sudden and dramatic crash in the value of Curve Finance’s native token, CRV, has resulted in substantial losses for bullish investors and the platform’s founder, Michael Egorov. Blockchain analysis platform Arkham reported that Egorov faced liquidations totaling $140 million in CRV.
Curve Finance Founder Egorov Liquidated
In a social media post on X (formerly Twitter), Arkham confirmed that Egorov’s lending position worth nine figures was liquidated across five protocols due to the price of CRV dropping below his liquidation threshold.
Related Reading
Egorov’s accounts incurred over a million dollars of bad debt on Curve’s Llamalend, which he managed to clear by receiving $6 million USDT. Additionally, Egorov experienced a $5 million liquidation on UwU Lend while making repayments on Inverse to mitigate further losses.
On June 13, Curve contributor Saint Rat revealed that the protocol had incurred $11.5 million in bad debt, which could be resolved if the price of CRV rises to $0.33. Egorov expressed his commitment to working with the Curve Finance team to address the bad debt situation and protect users from its impact.
Proposal To Burn 10% Of CRV Tokens
In response to the crisis, Egorov proposed burning 10% of the total CRV supply to stabilize the token’s price. He also announced that active voters would receive a three-month boost on deposit rewards across all Curve platforms, aiming to incentivize participation and strengthen the ecosystem. Egorov also stated:
The Curve Finance team and I have been working to solve the liquidation risk issue which happened today. Many of you are aware that I had all my loans liquidated. Size of my positions was too large for markets to handle and caused 10M of bad debt. Only CRV market on lend.curve.fi (where the position was the biggest) was affected. I have already repaid 93%, and I intend to repay the rest very shortly. It will help users not to suffer from this situation.
Related Reading
Interestingly, this recent episode is not the first time Egorov has faced significant liquidations. Last year, he borrowed $60 million worth of loans from Aave, which posed a risk of bad debt in the event of liquidation.
To address this, Gauntlet, a risk management firm, recommended freezing Aave’s v2 CRV market to minimize protocol risks. In a subsequent private deal, Egorov sold 106 million CRV for $46 million to repay most of his debts on Aave and other lending platforms, ultimately settling his debt to Aave with an $11 million USDT deposit in September.
Before the market crash, CRV was trading at $0.3582. However, it plummeted nearly 40%, hitting an all-time low of $0.2220.
Since then, the token has recovered and is currently trading at $0.2880. This recovery has helped to mitigate the losses incurred within the 24-hour timeframe, reducing them to 22%.
Featured image from DALL-E, chart from TradingView.com
Bitcoin, Ethereum, Dogecoin Traded Mixed Amid CRV Hack Drama … The Florida Star
Source link ]]>
Bitcoin, Ethereum, Dogecoin Traded Mixed Amid CRV Hack Drama: Analyst Says King Crypto ‘Screaming Up’ As Benzinga
Source link ]]>
Curve Finance’s native token CRV has recovered from a 6-month low, and many believe that the news of Huobi co-founder Jun Du buying CRV tokens has contributed to it.
Jun Du bought 10 million tokens valued at $4 million from Micheal Egorov, founder of Curve. Egorov had offered his tokens for sale to bolster his at-risk loan positions, primarily for borrowing stablecoins using CRV tokens as collateral.
Some Positives For Curve Finance Despite Hack
Curve Finance, one of the biggest DeFi protocols on the Ethereum blockchain, recently saw its in-house CRV price recover about 25% at the start of the month. It had previously dropped by 35% between July 30-31 following the panic selloff spearheaded by Curve Finance’s $47 million exploit.
The July reentrancy attack was not the only exploit recorded on Curve Finance as the DeFi protocol had previously lost over $570,000 in August 2022 after hackers compromised the front end of its liquidity pool.
However, the recent acquisition of 10 million tokens by Jun Du projects a positive outlook for CRV tokens, especially the recent attack on its ecosystem. Confirming the transaction, Du noted that he has locked up his investment for a period of one year as veCRV.
Apart from Du, the Aave Chan Initiative, a delegate platform from Aave’s governance forum, recently put forward a proposal for the purchase of about $2 million worth of CRV. After the planned purchase, which is to be made by the Aave Treasury, the CRV tokens would also be locked up as veCRV for about four years.
Token price recovers from weekly lows | Source: CRVUSD on Tradingview.com
CRV Remains Popular Among Investors
Egorov has so far sold 72 million CRV tokens to various investors and the continued purchase and acceptance of the CRV token demonstrates its popularity and utility.
One such investor who remains bullish on CRV is Justin Sun, founder of the Tron network. He recently acquired 5 million CRV from Egorov by paying using Tether’s USDT in a direct Over-the-counter (OTC) trade. Justin confirmed the purchase in a tweet noting that both platforms “As steadfast partners” will keep being “…committed to providing support whenever needed.”
According to a Twitter post by Sandra from Nansen, other popular purchasers of Curve tokens include Cream Finance, Machi Big Brother, DWF Labs, DCFGod, and Andrew Kang, co-founder of Mechanism Capital.
A vast majority of these transactions were conducted through OTC, with Egorov realizing over $20 million, which he applied to balancing his borrowings and removing himself from liquidation. Egorov also sent another huge supply of CRV (17.5 million) to an address starting with 0xf51.
Once the largest DeFi protocol on the Ethereum blockchain, the vast majority of Curve trading volumes still come from Ethereum.
Featured image from iStock, chart from Tradingview.com
-
CRV is the best performer amongst the top 100 cryptocurrencies by market cap today.
-
The rally comes as the broader cryptocurrency market continues its poor start to the week.
-
CRV could rally toward the $1.2 resistance level in the near term.
Curve DAO Token outperforms the market
CRV, the native token of the Curve DAO ecosystem, is the best performer amongst the top 100 cryptocurrencies by market cap today.
The rally comes thanks to the anticipation of Curve DAO launching its dollar-pegged stablecoin. The stablecoin is set to launch in June. Curve DAO revealed on Monday that an ongoing proposal would be required for crvUSD to function autonomously.
If the proposal passes, stablecoin pools will be able to supply pricing data to external protocols
Needless to say – this is required for crvUSD to function autonomously https://t.co/GFA5aXAjv0
— Curve Finance (@CurveFinance) February 13, 2023
This latest cryptocurrency news has seen CRV rally over the last 24 hours. At press time, the price of Curve DAO stands at $1.06, up by more than 14% in the last 24 hours.
The rally comes as the broader cryptocurrency market continues its poor performance this week. The total cryptocurrency market cap stands at $1.01 trillion, down by less than 1% in the last 24 hours.
Key levels to watch
The CRV/USD 4-hour chart has turned bullish as Curve DAO has been outperforming the broader cryptocurrency market over the last 24 hours. The technical indicators show that CRV is performing better than BTC and ETH at press time.
The MACD line recently crossed into the positive zone, indicating that CRV is currently bullish. The 14-day RSI of 64 also shows that CRV could soon enter the overbought region if the rally continues.
If the rally is sustained, CRV could surge past the first major resistance level at $1.18 before the end of the day. However, it would need the support of the broader cryptocurrency market to reach the $1.35 resistance level in the near term.
Where to buy Curve DAO Token now
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Public
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Crypto News Live Updates Jan 16: Shiba Inu Price Up By 6%; CRV Jumps 15% CoinGape
Source link ]]>
✓ Share: