🚀 CMC Daily Analysis: Bitcoin To Hit 64K?
Bitcoin starts September with a 2% dip!
Vitalik moves $10M in ETH!
Coinbase introduces AI crypto traders!
Let’s break down what’s happening in crypto today 🧵👇
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https://t.co/jYjOdeqSGC
What is @MitosisOrg, and how can you earn MITO points?
In this guide, we cover what Mitosis is and how to join the Mitosis Expedition to earn MITO points ⬇️
https://t.co/L0i0z4qijB
DEFI SECTOR TAKES A 24.4% HIT IN AUGUST…
- The monthly fees received by DeFi protocols in the industry fell to $288.83 million in August from a full $381.45 million in July, according to a report from The Block.
- This equates to a 24.4% dip month-on-month - perhaps a reflection of the waning conditions of the wider crypto market across the month.
- The report cites The Block’s own data and, when put against a backdrop of $494.14 million in fees in March, the drop seems all the more stark.
- The Blocks states that protocol fees were led by Ethereum liquid staking protocol, Lido Finance at some $76.18, followed by fees from the Uniswap DEX, Solana staking platform Jito, and cross-chain DEX PancakeSwap.
- The report further highlights that overall DeFi revenue also took a hit last month.
- Said revenue tumbled by 19.7% from $74.15 million in July, to just $59.53 million in August.
With its unique benefits and potential for substantial growth, $MX is quickly becoming a must-have in any savvy investor’s portfolio! 🚀
Here’s why you should consider adding $MX Tokens to your investment strategy today 👇
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CRYPTO HACKS COST $313.86M IN AUGUST: WHAT WE KNOW
- August has been a brutal month for the crypto industry, with over $313 million in digital assets stolen across more than ten separate hacks, according to PeckShield.
Key Stats:
- Total Loss: $313.86 million.
- Phishing Attacks: Responsible for 95% of the stolen funds, totaling about $293.4 million.
Top Hacks:
- Two phishing attacks drained $238 million in Bitcoin and $55.4 million in Dai.
- The Ronin Network exploit resulted in a $5.1 million loss, though $12 million was recovered.
- Nexera, a DeFi protocol, lost $1.83 million due to a smart contract exploit.
Ongoing Concerns:
- According to Immunefi, $1.21 billion in digital assets have been lost to hacks and rug pulls as of August 2024.
- In July, WazirX suffered a major breach, losing $234.9 million from a multisig wallet. The exchange is working on a phased recovery plan and legal action in Singapore.
🔥 It’s been a wild ride so far, shaking out every single jeet along the way.
Now, we’re primed for the BREAKOUT.
Justin Sun is holding $ROCK. The Tron DAO community is bullish on ROCK. 📈
It’s only a matter of time before this token grabs 1/2% of TRON’s total MCAP.
TO THE SUN, MFERS! 🚀
Ca ; TJvwMR3RjHc8jA9QwwjWGANrR3Y4scLSZm
Missed the last big crypto wave?🌊
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Real-world asset tokenization firm @centrifuge has launched a lending market with @MorphoLabs and @coinbase’s layer-2 blockchain, @base.
https://t.co/tYqw8ddRkD
Chelsea submit official bid to Manchester Utd for Jadon Sancho.
Understand it’s initial loan proposal, similar to terms offered by Juventus but total package higher.
Sancho, OPEN and keen to joining Chelsea so up to the clubs/Man Utd to decide.
(@FabrizioRomano )
#DeadlineDay | #Juventus | #Chelsea
Important insights from the Basel Committee on Banking Supervision, which warns that banks transacting on permissionless blockchains face risks like money laundering, security challenges, and political uncertainty.
Great read from @CoinDesk:
https://t.co/v1cT0FRMGI