ZKsync’s official X (formerly Twitter) account was briefly compromised to promote a fake ZK token airdrop.
The fraudulent post claimed that every follower was eligible to claim a share of the initial token supply. It directed users to a suspicious link: “distribution-zksync.io.”
The post remained live for approximately 15 minutes before being deleted. As of now, ZKsync has not issued any public statement confirming the breach.
Despite the hack, there has been no significant immediate impact on the ZK token price, yet. However, further fallout could still materialize if user trust erodes.
Security experts warn users to remain cautious and avoid interacting with any unverified links related to token distributions.
This incident highlights the growing frequency of social media breaches targeting major crypto projects.
The Trump family’s World Liberty Financial (WLFI) continues to make headlines, extending its reach in the crypto arena. Recent developments follow key announcements during Token2049 in Dubai.
Eric Trump made interesting revelations during the event, including integrations involving USD1 stablecoin.
World Liberty Financial During 2049: What Users Need To Know
Speaking at the Token2049 event, Eric Trump announced the integration of World Liberty Financial’s USD1 stablecoin with Tron.
Trump’s DeFi venture launched the USD1 stablecoin only recently, commissioning it to promote dollar dominance. Short-term US treasuries and cash equivalents back the stablecoin.
Notwithstanding this integration, USD1 will be deployed as a TRC-20 token on the Tron blockchain. This would allow USD1 to leverage Tron’s high-throughput, low-cost blockchain for transactions, smart contracts, and DeFi applications.
USD1 Stablecoin To Close $2 billion MGX-Binance Deal
Another interesting revelation during Token2049 is that World Liberty Financial’s USD1 is the choice stablecoin for MGX’s $2 billion investment in Binance.
“MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date. This is also the first institutional investment Binance has taken. Onwards, Build!” wrote Changpeng Zhao (CZ), Binance founder and former CEO.
With USD1 ascending to become the choice stablecoin in this landmark investment, it points to growing adoption and legitimacy for the token.
The investment will see MGX secure a stake in Binance, becoming one of the first institutional investments in the world’s largest exchange.
Notably, this revelation comes only days after World Liberty Financial executives met with Changpeng Zhao in Abu Dhabi. They reportedly discussed standardizing the crypto industry and boosting global adoption efforts.
Meanwhile, amidst these revelations around the DeFi venture, data shows that USD1 stablecoin has exceeded $2 billion in market capitalization metrics.
A new CoinGecko report shows that XRP liquidity is heavily concentrated on just three exchanges — Bitget, Binance, and Coinbase.
Together, these platforms control around 67% of all trading activity close to XRP’s market price. This means most buy and sell orders for XRP sit on just a few order books.
If any one of these exchanges faces issues or lowers support, XRP traders could face delays, slippage, or bigger spreads.
CoinGecko’s analysis looked at what it costs to trade XRP within a small price move of two cents, which equals about 1% of its price.
XRP Liquidity Across Different Centralized Exchanges. Source: CoinGecko
Within that range, XRP shows about $15 million in available orders across eight exchanges. Two-thirds of that sits with the top three.
Bitget Leads XRP Trading at Tight Price Bands
Bitget shows the most liquidity at very small price movements. That means XRP is easiest to trade there if you’re looking to move funds without big price changes.
However, Bitget’s liquidity drops off quickly as you move further from the market price.
By the time you reach the two-cent range, Binance andCoinbase have nearly caught up in volume. This reinforces how dependent XRP is on just a few platforms.
Other exchanges like OKX, Bybit, Kraken, and Crypto.com play a smaller role. Their XRP order books are much thinner compared to the leaders.
One surprising detail in the report is that XRP lags behind Solana (SOL) in both liquidity and trading volume — despite having a higher market cap.
Solana has around $20 million in trading depth within a $1 price range, which is stronger than XRP’s $15 million within two cents. SOL also saw nearly twice as much volume as XRP during the study period.
This gap raises questions about how much real trading interest there is in XRP. Higher market cap doesn’t always mean stronger market support.
In this case, SOL appears to have more consistent demand from active traders.
To sum it up, XRP’s trading activity is strong, but highly concentrated. Bitget, Binance, and Coinbase dominate its liquidity, leaving the asset vulnerable to exchange-level risks.
Solana-based meme coin FARTCOIN is today’s top-performing asset, climbing almost 20% in the last 24 hours. The meme coin extended its gains after Coinbase added it to its listing roadmap on June 5.
Technical and on-chain data signal that market participants are pricing in a potential Coinbase listing, historically known to provide a short-term price boost for newly added assets.
FARTCOIN Builds Momentum With Coinbase Boost
Since Coinbase announced FARTCOIN’s inclusion in its listing roadmap, there has been a surge in trading activity around the meme coin. Technical readings show a marked increase in buy-side volume, hinting at the possibility of an extended rally.
For example, readings from the token’s Moving Average Convergence Divergence (MACD) indicator show that a golden cross has been formed. This bullish signal typically suggests growing upward momentum.
An asset’s MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines. The golden cross pattern emerges when the MACD line (blue) crosses above the signal line (orange), indicating a potential bullish shift in the market trend.
When the MACD line is above the signal line, it indicates bullish momentum, suggesting that the asset’s price may continue to rise. The successful formation of the golden cross will strengthen FARTCOIN’s rally and drive more gains as demand climbs.
Furthermore, the altcoin’s Relative Strength Index (RSI) lies above the 50-neutral line, showing an upward trend at press time. It is currently at 54.56, reflecting the demand for FARTCOIN.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
FARTCOIN’s RSI reading highlights the growing demand for the altcoin, which could push it to new highs in the short term.
FARTCOIN Inches Closer to $1.46, But Profit-Taking Poses Risks
The meme coin trades at $1.25, inching closer to the resistance at $1.29. If demand strengthens and FARTCOIN flips this price level into a support floor, it could open the door to a rally toward $1.46.
However, if profit-taking commences, this bullish outlook will be invalidated. In that scenario, FARTCOIN could lose its recent gains and fall to $1.16.
(@pseudotheos) May 12, 2025
(@justinsuntron) 
