Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Cross-Chain Breach
Binance Resumes Operations After Major Cross-Chain Breach
The BNB smart chain is back online after the team put activities on hold due to a recent hack on its cross-chain bridge. An official update from the network noted that validators were verifying their status and also upgrading community infrastructure. In a tweet, Binance founder Changpeng Zhao placed the losses from the exploit at an estimated $100M worth of assets. Binance Puts Operations On Hold The network initially announced that they were halting operations late on Thursday due to…
3 years ago