1ATH.Studio Altcoin Weekly

Hackers on the Loose

5 min readJun 30, 2024

Cardano Fends Off DDoS Attack: Hackers Sent Offside in Token Heist Attempt

In the latest cybersecurity showdown, the Cardano blockchain faced a distributed denial of service (DDoS) attack late Tuesday, with hackers attempting to steal tokens staked on the network. But in a move worthy of a superhero flick, the attack was thwarted before it could cause any damage.

For those not in the know, DDoS attacks work by flooding a server or blockchain with spam traffic, aiming to disrupt access to online services. This time, however, the would-be token thieves were sent offside, thanks to Cardano’s impressive defenses.

The network continued to operate smoothly, leaving hackers empty-handed and Cardano’s reputation bolstered

Fan Tokens Flop: When Football Fails Your Crypto Portfolio

It seems European football teams have kicked a penalty in the crypto world this week. Fan tokens, once the shining stars of the crypto pitch, have turned out to be one of the worst-performing asset classes since the UEFA European Football Championship kicked off on June 15. The fan token index has taken a nosedive, dropping approximately 12.8%.

In a game of contrasts, Bitcoin has been slightly offside with a modest decrease of 3%. Meanwhile, Ethereum has been playing it cool, managing a 1% rise during the same period.

Hamster Kombat’s Token Launch: The Battle for Crypto Hearts in Iran

The Telegram-based game Hamster Kombat is causing quite a stir among Iranian users. With its upcoming token launch just around the corner, the game has surged in popularity, turning heads and raising eyebrows.

According to the Associated Press, Iran’s deputy military chief, Rear Adm. Habibollah Sayyari, has jumped into the fray, expressing his concerns about the game’s influence. He described Hamster Kombat as part of a “soft war” waged by Western forces, designed to distract citizens from the presidential election.

It seems these adorable virtual hamsters are packing quite a punch, stirring up both excitement and controversy. As the token launch approaches, all eyes will be on how this digital showdown plays out.

Jason Derulo’s Meme Coin Drama: From Pumped to Punked on Solana

In a plot twist fit for a reality TV show, R&B star Jason Derulo has entered the wild world of meme coins with his very own token on the Solana blockchain. But instead of smooth sailing, Derulo claims he was scammed by the infamous celebrity coin promoter Sahil Arora.

At the beginning of the week, Derulo proudly announced the launch of his meme coin, JASON, via Pump.fun. However, in a dramatic turn of events, less than seven hours later, he took to Twitter to call out Arora, accusing him of foul play. Despite the setback, Derulo declared that this scam would only motivate him to “send this shit to the moon.”

Not to be outdone, Arora insists that all this drama was part of the master plan. Whether it’s a scam or a scripted stunt, the crypto community is definitely entertained.

Base’s ‘On-Chain Summer’: Where NFTs Meet Pimple Patches

In a quirky twist on both skincare and blockchain technology, Base’s “On-Chain Summer” campaign is turning heads with its latest collaboration. The Ethereum layer-2 network has teamed up with on-chain beauty company KIKI World to launch NFT-linked pimple patches. And these aren’t just any patches — they feature a CryptoPunk-ified face of Coinbase CEO Brian Armstrong.

Dubbed “BASE FACE,” these NFTs offer more than just digital art. Minters can redeem each NFT for a physical pack of 40 pimple patches. Half of these patches sport Armstrong’s pixelated mug in various sizes, while the other half proudly display the Base network logo. Priced at 0.0035 ETH, or about $12, these NFTs blend the worlds of beauty and blockchain in a truly unique fashion.

Meme of the Week: Cardano vs DDoS Attacker

Top Altcoin Gainers and Losers of the Week

Altcoin of the Week

Kaspa — KAS

Coingecko: Kaspa is a proof-of-work cryptocurrency that implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel. Instead, GHOSTDAG allows them to coexist and orders them in consensus.

The Kaspa implementation includes a lot of new features and subprotocols including Reachability to query the DAG’s topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

Price — $0.1903

Market Cap — $4,581,702,236

Fully Diluted Valuation — $4,585,053,703

24 Hour Trading Vol — $96,184,669

Circulating Supply — 24,045,198,609

Total Supply — 24,062,787,418

Max Supply — 28,704,026,601




A visionary web3 marketing agency that is shaping the future of digital innovation