320 NFTs were stolen from NFT service provider Premint

On Sunday, the blazing NFT service provider Premint was hacked, resulting in the theft of 320 NFTs. Subsequently, the perpetrators dumped these NFTs in the market and made a profit of $400,000, making this incident one of the largest NFT hacking incidents of the year. Forensic analysis by blockchain security firm Certik revealed that hackers created deceptive pop-ups by implanting malicious JavaScript code on Premint’s official website, prompting users to verify their wallet ownership. Shortly after the hack, Premint announced on Twitter that most of its accounts were unaffected by the incident.

Major digital assets rebounded strongly from their lows on Monday, as sentiment turned for the better in the cryptocurrency market. BTC surged above $22,700, its highest price in more than a month, before a downside correction. At the time of writing, the largest cryptocurrency by market capitalization is up 1% in the past 24 hours and is consolidating above the $22,000 mark. A bullish trend line is forming with support near $21,800 on the hourly chart of BTC. If BTC can turn resistance at $22,500 into solid support, a break above $23,000 resistance is not out of reach.

BTC’s MVRV ratio is also trying to break the 1.0 mark, indicating that market power is expected to return. Furthermore, the BTC spot price started to diverge from the delta price and the equilibrium price. Both are tentative indicators in the formation of a potential bottom, with the former currently at $14,200 and the latter near $17,500.

Similar to BTC, ETH is now gaining a foothold above the $1,500 mark after gaining 6% over the same period. The second-largest cryptocurrency by market capitalization briefly surged above the $1,600 mark thanks to investor optimism boosted by the upcoming Merge upgrade. However, if ETH fails to break the immediate resistance near $1,550, its bullish momentum could be paused. In the altcoin market, MATIC led the rise in altcoins with an astonishing 60% gain over the past seven days, while ETC and NEAR topped the daily gainer list with double-digit percentage gains over the past 24 hours.