BTC weekly faces a correction, testing support levels as volume cools; analysts flag consolidation risk but note rebound potential if buyers reclaim key moving averages and on-chain inflows resume.
Binance has restored futures trading after a brief outage, reassuring users that systems are stable and orders processed; the exchange says it is investigating the cause while monitoring market activity.
The CrediX Finance team has reportedly vanished following a significant hack estimated to have cost $4.5 million. This incident raises concerns over security protocols in decentralized finance, prompting calls for increased oversight in the sector.
In response to a recent $44 million hack, CoinDCX has launched a white hat recovery bounty program, offering rewards for information leading to the retrieval of stolen funds. This initiative aims to fortify security measures and regain user trust.
As of January 2023, the decentralized finance (DeFi) sector had endured significant losses amounting to $187 million. This downturn was primarily driven by the exploits of malicious actors leveraging vulnerabilities in DeFi protocols. However, the resilience of the industry was evident in the multifaceted recovery efforts that yielded nearly $99 million, partially offsetting the losses incurred. These recovery measures encompass a range of initiatives, including protocol upgrades, proactive measures, and user compensation.
In a shocking turn of events, a 38% decline in the price of Shibarium has threatened to unravel the progress achieved in the Shiba Inu recovery. Across markets in the east and the west, Shibarium trends have been sharply declining in recent weeks.