Cryptocurrency News: Pirate Chain Bug Mints 20% Extra Coins as Pepeto Presale Hits $11.2M

Some days the cryptocurrency news is about prices. Today it is about trust. A flaw in Pirate Chain let someone create 39.8 million new ARRR, about 20% of all coins, Crypto Briefing reported. Yet ARRR fell only 6.5%, to $0.2596.

A story like this carries a simple lesson: read the supply rules, not just the chart. Pepeto is a meme coin still in presale. It has a fixed supply of 420 trillion tokens, and its own bridge between chains already runs. Buyers have put in more than $11.2 million so far.

Pirate Chain Bug Created 39.8M ARRR Out of Thin Air, About 20% of All Coins

The biggest cryptocurrency news on safety this week is a bug that made 39.8 million new ARRR. The flaw showed up on October 14. It came from the Ironwood upgrade, which went live on October 3. The team first planned to roll the chain back, then dropped the plan, The Crypto Times reported on October 16.

Users were told not to move funds. One flaw added 20% more coins to the supply in a single blow. So the first question for any coin now is simple: what keeps its supply in check?

After Today’s Cryptocurrency News, Look at Supply First: Pepeto, FIL and WLD

Pepeto: A $0 Bridge That Only Creates Tokens After a Verified Lock

Pepeto gives a plain answer for moves between chains. Its total supply is 420 trillion tokens, and that number stays the same on every chain. The bridge that moves it between chains is live today, before the token even lists.

When you move them, your tokens first lock in an audited contract on the chain you leave. New tokens appear on the other chain only after that lock is proven on the chain itself. There is no IOU token in between, so a move never adds a single coin. Pirate Chain’s bug did the opposite, making coins with nothing behind them.

The bridge links Ethereum, BNB Chain, Solana, Base and Arbitrum in under 60 seconds, with a $0 bridge fee. You pay only gas. If a transfer fails, the lock reverts on its own, and no operator ever holds your funds. Other bridges charge $15 to $50 per move, can take hours, and a failed transfer can trap funds for good.

Staking pays 160% APY right now, though the rate moves daily and is never sure, and rewards unlock at listing. FIL and WLD are worth about $1 billion and $2 billion, so each needs that much again just to double. Pepeto still sells at $0.0000001901 per token, and analysts project a 100x move after it lists. With a fixed supply and live tools, Pepeto stands out as the presale to own before it lists.

Filecoin Price Analysis: FIL Cuts New Supply 75% but Sits 99.5% Below Its Peak

In other cryptocurrency news, Filecoin trades at $1.11, up 4.97% in a day. A six year unlock of 400 million FIL ended October 15, Crypto Briefing reported. That cuts yearly new supply from about 89 million FIL to about 21 million. Coinpedia marks resistance at $1.30 to $1.40 and support at $1.00 to $1.08. Less selling helps. Still, FIL needs about 208x to see its $237.24 high again, so $1.40 is the realistic next stop.

Worldcoin Price Analysis: WLD Jumps 13% but Trades 95.5% Below Its 2024 High

Worldcoin trades at $0.510, up 13.27% in a day. On October 16, DiarioBitcoin placed resistance at $0.5405 and support at $0.4974, with the RSI at 55.5. That is a healthy bounce for a coin worth about $2 billion. But WLD would need about 22x to reach its $11.82 peak from March 2024. The next real test is breaking $0.5405, and then holding above it.

Conclusion

Today’s cryptocurrency news shows how fast one flaw can change a coin’s supply. Pepeto’s bridge makes new tokens only after a proven lock, so a move never adds coins. More than $11.2 million is in, and the price steps higher once this round closes.

Worldcoin showed what a listing day can do. WLD jumped 88.4% to $3.14 on its first trading day in July 2023, The Block reported. People who held it the day before got that jump. This stage is still open on the Pepeto official website. Right now, you can still be on the early side of that day.

Click To Visit Pepeto official Website To Enter The Presale

FAQs

Which cryptocurrency news matters most for buyers this week?

The top cryptocurrency news is the Pirate Chain bug that created 39.8 million ARRR, about 20% of supply. It shows why a fixed token supply matters.

Why could Pepeto’s future value beat larger tokens?

Pepeto still sells at a presale price before listing, while FIL and WLD need 208x and 22x just to reach old highs. Check the Pepeto official website for stage details.