Yesterday, I Fell into a Honeypot Trap â Be Cautious!
Yesterday, I received three unexpected incoming transfers in my wallet:
5,000,000 SHIB
540 USDC (with a suspicious short link)
200 USDT (worth around $200)
At first glance, this looked like a blessing. But in reality, it was a honeypot attack â a common trap where scammers send fake tokens or funds to your wallet to lure you into interacting with malicious smart contracts or phishing links.
Hereâs what you need to know:
Never click on suspicious links attached to token names (like the [t.ly/...] in the USDC transaction).
Donât try to swap or transfer suspicious tokens without checking them on a block explorer.
These tokens can trigger smart contracts that drain your wallet once interacted with.
Stay Safe: Always verify unexpected transactions. Use tools like Etherscan or BSScan to inspect the contract and transaction details. And remember, if it looks too good to be trueâit probably is.
đ˝đś #DOGE #ETF Grayscale has launched the first US spot Dogecoin ETF (ticker #GDOG). Bitwise's competing product, #BWOW, will launch on Wednesday.
đ¨ BREAKING: JPMorgan predicts Solana and $XRP ETFs could attract $3â8 billion in new investments if approved, with SEC decisions expected by late January.
đđ¤ Swissblock: If #WIF is a behavior benchmark for the broader altcoin market, then Alts are sitting exactly on support, holding their April-bottom structure despite #BTCâs heavy sell pressure.
Alts, which were nuked in October, are resisting the final rounds far better than expected.
đ #BTC's sentiment across social media has officially dipped to its lowest point since December 11, 2023. According to bullish vs. bearish comments on X, Reddit, Telegram, and others, retail is capitulating and panic selling at a significant level we haven't seen in 2 years.
Aave founder said on X that the referenced Bitcoin collateral was native BTC (not a wrapped asset) and added that ETHLend will be relaunched in 2026. ETHLendâAaveâs predecessorâbegan as a peer-to-peer lending app; amid liquidity and matching inefficiencies, the team restructured during the 2018 bear market, rebranding to Aave and shifting to a pooled-liquidity, multi-chain DeFi protocol.
The 12 U.S. spot Bitcoin ETFs saw nearly $1B in net outflows in the latest sessionâthe second-largest daily outflow since launchâleaving the cohort on track for its worst week since February. Over the past month, cumulative outflows total about $4B while BTC has retreated ~30%. Citi Research estimates each $1B of ETF outflows corresponds to ~3.4% downside in spot and sets an $82K year-end bear-case target. BTC is $84,189.4 on OKX, down 1.94% over 24h.
đŁ Ripple is considering the launch of native XRP staking
Ripple engineers are discussing the idea of adding native staking to the XRP Ledger â a feature that would allow users to earn rewards for âlockingâ XRP in the network.
Interest in this topic has grown due to the weak DeFi performance of the XRPL ecosystem: the total value locked (TVL) is only $75.7 million, which is significantly lower than in major blockchains.
According to the engineers, implementing staking is not an easy task. It requires a source of rewards and a fair distribution mechanism. Rippleâs CTO David Schwartz described two possible approaches but noted that they are too complex and wonât be implemented anytime soon.