TLDR
A recent study reveals an 85% drop in financial losses related to exploits on the BNB Chain in the past year. The Sandbox has introduced changes to its well-received CATALYST initiative, and the meme coin project Rebel Satoshi is set to launch, promising a DeFi uprising.
BNB (BNB) and The Sandbox (SAND) are among the top crypto coins with intriguing developments. On the one hand, the BNB Chain experienced fewer scams and hacks in 2023, leading to a slight price recovery. Meanwhile, The Sandbox developers have announced updates to the ‘CATALYST’ campaign, also contributing to a positive market response.
Finally, Rebel Satoshi ($RBLZ) is gaining attention for its considerable investment value as it prepares for an imminent official launch.
Scams And Hacks on BNB Chain Fell 85% in 2023
Despite the success of top DeFi projects like the BNB Chain, they remain susceptible to security breaches. A recent study by Avenger DAO indicates an 85% reduction in scams and hacks on the BNB Chain in 2023, totaling $161.1 million in losses. This contrasts sharply with 2022, where over $1.1 billion was lost in fewer incidents.
- Scams on the BNB Chain accounted for $87.9 million of the $161.1 million.
- Binance’s legal battles with the SEC have influenced BNB’s recent 8% increase, with forecasts suggesting a potential surpass of $400 by 2025.
The Sandbox Introduces Several Updates to CATALYST Initiative
About a month ago, The Sandbox launched the ‘CATALYST’ initiative, allowing creators to mint ‘ASSETs’ based on rarity tiers. The campaign has been well-received, leading to several updates:
- All creators will now receive double the number of ‘common’ CATALYSTs.
- Additional avenues for acquiring tokens, including contests, game jams, live experiences, etc.
- Introduction of a new Catalyst Application Form for creators.
The price of SAND recently hit a yearly low of $0.41 but is showing signs of recovery, rising 12% to $0.46. Predictions suggest a potential increase to at least $1 by 2025.
Rebel Satoshi Is Set to Bring A Financial Uprising
Rebel Satoshi, a meme coin, aims to disrupt the financial system and transfer power back to citizens. Representing defiance-themed meme culture, it introduces the Rebellion Secret Council for early adopters with insider updates and governance power.
The $RBLZ token, with a finite supply of 250 million, offers long-term value appreciation. Benefits include staking rewards and access to the Rebel Artefacts Vault, an NFT marketplace with 9,999 unique collectibles and digital art characters.
About 12 million $RBLZ remain in the final stage of the presale, trading at $0.022, a 120% increase from the first round. It is expected to reach $0.025 (a 13.6% increase) after the presale concludes, preceding the $RBLZ exchange listings and Rebel Satoshi’s official launch.
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