GMX suffers $42M hack, issues 10% bounty offer to hacker
Happy Wednesday!
$GMX suffered a major $42 million hack targeting its GLP liquidity pool, prompting the team to offer the attacker a 10% white-hat bounty for returning the funds. Meanwhile, Circle faces criticism as $4.3 million in $USDC remains exposed following the exploit. On a brighter note, SharpLink's stock continues to surge as its Ethereum treasury tops 200,000 $ETH, reflecting an aggressive growth strategy. Stablecoin issuers also made headlines, collectively holding $182 billion in U.S. Treasuries—surpassing countries like the UAE and South Korea. Here's what's shaking up crypto today.
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The global crypto market cap is $3.39 trillion, with a 24-hour volume of $107.57 billion. The price of Bitcoin is $109,054.22, and BTC market dominance is 64.0%. The price of Ethereum is $2,653.48, and $ETH market dominance is 9.5%. The best-performing sector is Transportation, which gained 9%. The Crypto Fear & Greed Index is currently Greed (66).
GMX suffers $42M hack, issues 10% bounty offer to hacker
Circle faces criticism for tardy actions as $4.3 million in $USDC remains exposed after $GMX exploit.
📰 Top News
SharpLink stock continues surging as treasury tops 200k Ethereum
SharpLink surges on 200,000 $ETH milestone as firm embraces aggressive treasury strategy.
Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea
Taken together, those issuers reach $182.4 billion, enough to leapfrog South Korea and the United Arab Emirates, and fall just shy of Norway.
XRP Ledger’s EVM sidechain sees 1,400 smart contracts in first week
XRPL's EVM sidechain shows promise with efficient design and low transaction fees, yet struggles to grow its user base beyond initial interest.
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