Cryptocurrency
BlockSec Phalcon 2.0 Unleashed: A New Era of Hack Prevention and Protocol Security Begins

[PRESS RELEASE – Singapore, Singapore, November 20th, 2024]
BlockSec Phalcon, the world’s first crypto hack monitoring and blocking system, has launched its 2.0 version, ushering in a new era of fighting against hackers in the Web3 world.
Protocol Security Goes Beyond Code Auditing
According to the team, today, code auditing has become an industry standard, with the vast majority of protocols undergoing audits before going live. Yet, hackers still frequently succeed, stealing billions of dollars each year.
According to the Security Incidents Dashboard, from January 2023 to the present, there have been 146 major attack incidents, resulting in asset losses exceeding one billion dollars in total. Notably, the majority of these protocols had successfully passed code audits conducted by well-known firms.
Even if a protocol has passed audits and fixed known vulnerabilities, it may still face security risks: It may still have zero-day vulnerabilities; during the bug-fixing, small-scale upgrades, or parameter adjustments, the protocol team may inadvertently introduce new attack vectors; external dependencies can pose new risks; and even oversights related to compilers can lead to attacks.
Moreover, the open-source nature, anonymity, and flashloan mechanisms of blockchain make it easier for hackers to exploit vulnerabilities, and the chance for earnings gives them strong motivation. Since protocols are transparent and attackers stay hidden, defending against these evolving threats is very challenging. Some project teams may compensate users after attacks to reduce the damage, while financial losses can be recovered, rebuilding trust is much harder once it is lost.
Unfortunately, protocols have long focused mainly on code audits to ensure security, often overlooking an equally important area—security monitoring and automated responses after launch. BlockSec Phalcon is designed to fill this gap.
What is BlockSec Phalcon?
BlockSec Phalcon is a security monitoring and blocking system designed for protocols, covering major threats such as attack, operational, interaction, and financial risks.
According to the team, some protocols may have built or purchased monitoring systems, but they still suffer losses when facing attacks. The reasons are twofold:
- First, the project team might not learn about an attack in time or could waste valuable time verifying the accuracy of alerts due to frequent false positives. Meanwhile, hackers could already complete multiple attack transactions.
- Second, even if the project team quickly detects the attack and takes action, they often cannot respond as fast as the hackers. Many protocols rely on multi-sig wallets, and the need for multiple approvals makes manual responses even slower.
BlockSec Phalcon delivers practical and battle-tested solutions to address these two critical challenges.
- Precise Detection: BlockSec Phalcon uses over 200 clearly defined attack characteristics to identify whether a transaction is an attack, ensuring no attacks go undetected while almost eliminating false positives and avoiding disruptions to the team.
- Attack-Blocking Capability: BlockSec Phalcon continuously monitors transactions early at the mempool stage. Upon detecting an attack transaction, the system immediately alerts users, automatically initiates a response transaction, and employs a gas-bidding strategy to ensure these system-generated transactions are processed before the attack. This effectively blocks hacker attacks, achieving zero loss. What’s more, the platform supports both EOA and multi-sig wallets, enabling projects using Safe{Wallet} to automatically counteract attacks.
BlockSec Phalcon 2.0: Tailored Security Solutions for Protocols
This attack-blocking system launched by BlockSec had been running internally for two years before its release, successfully blocking over twenty attacks through whitehat rescues, helping project teams recover over $20 million in potential losses. It’s the first and only security product with proven records of attack blocking and has successfully blocked multiple hacking attempts.
“Often, we detected attacks but couldn’t reach the project team promptly. This led us to think, why not empower project teams directly with the ability to automatically prevent attacks? This was the very motivation for the creation of BlockSec Phalcon,” said Andy Zhou, the CEO of BlockSec.
“In this major upgrade, we redesigned the entire system to address the attacks, operational, interaction, and financial risks faced by protocols, and now it covers the vast majority of security risks protocols may encounter after going live. Additionally, we have further optimized the convenience and flexibility of our system configurations. Now users only need to import addresses to complete monitoring configurations with one click, making it very convenient, and they can customize monitoring rules for complex scenarios,” Andy Zhou added.
David Zong, Head of Risk at Bybit, stated, “We are big fans of BlockSec and have been deeply involved from the inception of BlockSec to the use of each of its products. BlockSec Phalcon is a very good security tool, to help Bybit achieve on-chain tracking and web3 contract security monitoring. We will have more cooperation with BlockSec in the future.”
Accessing BlockSec Phalcon
BlockSec Phalcon is an invitation-only SaaS platform, accessible only to invited users.
Interested users can schedule a demo to learn more about the product’s features, and have the opportunity to speak directly with security experts to discuss customized security solutions.
Users Can Book Demo: https://calendly.com/blocksec/phalcon-demo
Users Can Learn More: https://blocksec.com/phalcon
About BlockSec
BlockSec is a full-stack Web3 security service provider. The company is committed to enhancing security and usability for the emerging Web3 world in order to facilitate its mass adoption. To this end, BlockSec provides smart contract and EVM chain security auditing services, the BlockSec Phalcon platform for security monitoring and attack blocking, the MetaSleuth platform for fund tracking and investigation, and MetaSuites extension for web3 builders surfing efficiently in the crypto world.
To date, the company has served over 300 clients such as Uniswap Foundation, Compound, Forta, and PancakeSwap, and received tens of millions of US dollars in two rounds of financing from preeminent investors, including Matrix Partners, Vitalbridge Capital, and Fenbushi Capital.
Official website: https://blocksec.com/
Official Twitter account: https://twitter.com/BlockSecTeam
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Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

TL;DR
- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.
Large Withdrawals and Whale Activity
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.
Major ETH Holders Offload Millions Amid Price Rally
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.
A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
Network Activity on the Rise
CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.
Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.
In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.
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Cryptocurrency
Massive DOGE Whale Activity Hints at $1 Breakout

TL;DR
- Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
- A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
- DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.
Price and Market Moves
Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion.
Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.
On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.
Heavy Whale Buying and Large Transfers
As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community.
Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.
Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
Sentiment Building
Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding,
“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”
With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.
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Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.
Technical Analysis
By ShayanMarkets
The USDT Pair
On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.
Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.
However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.
This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.
The BTC Pair
Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.
This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.
That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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