The Takeaway

The targets of “wrench attacks” are often crypto whales, but anyone with crypto holdings should take steps to protect themselves. Carvalho said the number one rule is: shut up about your wealth. Don’t post your portfolio or brag about your gains on social media. He and other experts we talked to shared some more simple safety tips that anyone can adopt.

On Thursday, 21 prominent ethereum community members published a new report making the bull case for the digital asset, writing that ethereum “remains among the most significantly mispriced opportunities in global markets today” and describing the cryptocurrency as “digital oil powering the digital economy.” The report puts ethereum’s short-term price target at $8,000, while its long-term forecast is $80,000.

Meanwhile, Trident Digital Tech Holdings announced a $500 million fundraise for an XRP treasury