Key market intelligence on November 4th, how much did you miss?

CN
9 hours ago

Selected News

  1. WILD experiences a flash crash due to a series of liquidation price collapses, Arthur Hayes posts to call for bottom fishing

  2. JELLY rises 130% in 24 hours, market cap surpasses $220 million

  3. ASTER briefly rises over 7.7%, market cap rebounds to $1.675 billion

  4. U.S. stock market sees a general decline in cryptocurrency concept stocks, MSTR down 3.30%

  5. Multiple new memes on the BSC chain drop over 40%, GIGGLE's market cap falls below $50 million

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

The following is the English translation of the original content:

[BAL]

Today's core discussion around BAL focuses on the significant vulnerability attack faced by the Balancer V2 liquidity pools, which resulted in multi-chain losses exceeding $110 million. Hackers targeted the Balancer V2 vaults and liquidity pools, exploiting vulnerabilities in smart contract interactions to carry out the attack. The Balancer team is actively investigating the matter in collaboration with security experts, working hard to recover the stolen funds. This incident has led to the suspension of the Berachain network and prompted several platforms to take precautionary measures. Despite the setback, the DeFi community continues to support Balancer, with most expressing confidence in the protocol's recovery.

[FLIPSTER]

Today, FLIPSTER is in the spotlight due to its ongoing trading competition and reward activities. Participants are eagerly anticipating substantial USDT rewards for ranking high. The competition is conducted in multiple stages, with rewards distributed weekly. Additionally, the platform has launched social activities to provide extra incentives. Community users are actively engaging with the platform, sharing experiences and strategies for climbing the leaderboard.

[BERA]

Today's discussion around BERA focuses on Berachain's emergency response to the significant vulnerability in Balancer V2—validators collaboratively pausing the network. This move aims to prevent further losses and fix the vulnerabilities through a hard fork (especially affecting the BEX platform). The community generally supports this decision, emphasizing that security takes precedence over strict decentralization principles. This incident highlights the challenges of maintaining security within the DeFi ecosystem and sparks discussions about the role of validators in crisis management.

[BINANCE]

Today's discussions about Binance mainly revolve around its various initiatives and controversies. Binance supports the Giggle fund through trading fee donations while listing new tokens like Momentum (MMT) and Intuition (TRUST). Additionally, rumors suggest that Wintermute may sue Binance due to the recent liquidation crisis, raising debates about the impact of this matter on the cryptocurrency market. Several projects and collaborations involving Binance founder Changpeng Zhao (CZ), including the controversial pardon of Donald Trump, have also become focal points of attention.

[METAWIN]

Today's core discussion around METAWIN centers on its potential as a preferred target for cryptocurrency investment, with users highlighting its gaming features like Plinko and Blackjack. Overall market sentiment is positive, with many users expressing regret for not investing in METAWIN earlier. Discussions also touch on the platform's gaming and prediction features, which are gaining increasing recognition among users.

Selected Articles

  1. Robotics is making waves: An overview of robot concept projects on Virtuals

The Virtuals Protocol has gained more attention recently due to the explosive popularity of the x402 protocol. Last Saturday, the price of Virtuals surged 35% in a single day, although it retraced much of that gain over the next two days due to poor overall market conditions. Nevertheless, this "AI Agent home" on Base remains worthy of our attention. Another hot topic recently is the robotics sector, and Virtuals has maintained a high level of focus on this area, announcing the launch of "Virtuals Robotics" on October 21. So, what actions has Virtuals taken? What robot-related projects are there within the ecosystem?

  1. The butterfly effect of Balancer's hack: Why did XUSD decouple?

Hours after the multi-chain platform @Balancer faced a vulnerability attack, triggering widespread uncertainty in the DeFi space, @berachain executed an emergency hard fork, and @SonicLabs froze the attacker's wallet. Subsequently, the price of Stream Finance's xUSD stablecoin significantly deviated from its target range, exhibiting clear signs of decoupling.

On-chain Data

On-chain capital flow situation for the week of November 4

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