Headline
▌WLFI Breaks Through $0.15, 24-Hour Increase Reaches 9.8%
Market data shows that WLFI has broken through $0.15, currently priced at $0.1545, with a 24-hour increase of 9.8%. Market volatility is high; please manage your risk.
▌PORT3 Token Suffers Hacking Attack, Hackers Mint 1 Billion Tokens and Are Selling Them Off in Large Scale
November 23 news: PORT3 tokens suffered a hacking attack. The attackers illegally minted 1 billion tokens and are currently selling them off in the market.
On November 23, news broke that PORT3 tokens suffered a hacking attack. The attackers illegally minted 1 billion tokens and are currently selling them off in large quantities on the market.
As of press time, according to CoinGecko data: BTC price is approximately $85,713, with a 24-hour change of approximately +0.79%. ETH price is approximately $2,800.39, with a 24-hour change of approximately +0.98%. BNB price is approximately $840.86, with a 24-hour change of approximately... SOL price is approximately $129.31, with a 24-hour change of approximately -0.22%. DOGE price is approximately $0.14148, with a 24-hour change of approximately +0.42%. XRP price is approximately $1.99, with a 24-hour change of approximately +2.05%. TRX price is approximately 0.27487. The US dollar has fluctuated by approximately -3.39% in the past 24 hours. WLFI (World Liberty Financial) is priced at approximately $0.1556, with a 24-hour fluctuation of approximately +13.1%. HYPE (Hyperliquid) is priced at approximately $37.75, with a 24-hour fluctuation of approximately -5.22%. (Note: The last part, "policy," appears to be an unrelated keyword and is left untranslated.) Xinhua News Agency forwards WeChat Security Center announcement: Beware of pyramid schemes and fraud disguised as blockchain virtual currencies and stablecoins. The Xinhua News Agency WeChat official account forwarded a security alert previously issued by the WeChat Security Center: "Recently, the WeChat platform has received user complaints that some WeChat accounts are engaging in illegal and criminal activities such as organizing pyramid schemes and fraud within WeChat groups.
These activities use pretexts such as the unfreezing of national assets, national policies and engineering projects, and blockchain virtual currencies and stablecoins, offering high returns as bait to lure users into joining WeChat groups. Within these groups, users are encouraged to invite others, post unknown links to guide the download of fraudulent apps, conduct daily check-ins, and attend meetings and courses to brainwash users, ultimately committing fraud. These actions seriously infringe upon users' property rights." Market data shows that XMR has broken through $370 and is currently priced at $372.27, with a 24-hour increase of 12.9%. Market volatility is high; please manage your risk carefully. BNB Chain has launched CMC20. BNB Chain announced on the X platform that CMC20 is now officially launched on BNB Chain. This product, powered by Reserve Protocol, packages the top 20 crypto assets ranked by CoinMarketCap (CMC) into a single DTF (Decentralized Tracking Fund), allowing users to gain diversified asset exposure with a single click without manually building an investment portfolio. Solana co-founder Toly: The core role of Layer 1 is solely to minimize structural advantages. In an article published on the X platform, Solana co-founder Toly stated that the core role of Layer 1 is solely to minimize structural advantages. Even if a competitor holds 95% of the market share, it is irrelevant as long as they cannot prevent a 5% competitor with a superior product from seizing market share.
Cryptocurrency
▌Analyst: PORT3 Hacker Profits $166,000
According to on-chain analyst Yu Jin's monitoring, three hours ago, a hacker exploited a PORT3 bridging vulnerability to mint 1 billion PORT3 tokens and sold them on-chain, causing the PORT3 price to drop by 76%. The hacker sold 162.75 million PORT3 tokens, receiving 199.5 BNB, worth $166,000. Subsequently, the PORT3 project team removed on-chain liquidity, and some centralized exchanges suspended PORT3 deposits. Forty minutes ago, the hacker destroyed the remaining 837.25 million PORT3 tokens that had not yet been sold.
▌Analyst: PORT3 Hacker Profits $166,000
▌Placeholder VC Partner: Market May Be Ready for a Rebound
Chris Burniske, former Head of Crypto at Ark Invest and now Partner at Placeholder VC, posted on social media that the cryptocurrency market seems ready for a rebound until it's bullish enough to reignite the bullish sentiment before the next crash.
▌A Whale Deposits $6.5 Million USDC into Hyperliquid to Buy HYPE
According to Onchain Lens monitoring, after two months, a whale deposited $6.5 million USDC into Hyperliquid to buy HYPE. This whale has spent $2.37 million to buy 78,984 HYPE at $30 per coin, and has buy orders worth $4.16 million for HYPE between $27 and $29.
... PORT3: Hacker Exploits BridgeIn Vulnerability to Issue Additional Tokens; Team Removes Liquidity and Prepares to Communicate with Hacker Decentralized AI data network Port3 Network stated on the X platform that a hacker exploited a BridgeIn vulnerability to issue additional tokens. The team has removed liquidity and is prepared to communicate with the hacker.
Port3 Network reminds users not to trade tokens until the issue is resolved.
Market data shows that the PORT3 token has fallen 77.4% in the past 24 hours. Data: Lido's Current Staking Assets Have Increased to $35 Billion, While LDO's Valuation Has Dropped to $1 Billion According to Token Terminal, Lido's current staked assets have exceeded those of May 2021, but LDO's valuation is lower. Staking assets increased from $1.2 billion to $35 billion, while the valuation of LDOs decreased from $2.1 billion to $1 billion. A report released by 1inch shows that 83%-95% of liquidity in mainstream decentralized finance (DeFi) pools such as Uniswap and Curve is idle, with billions of dollars not generating fee revenue or any returns. This inefficiency is particularly severe for retail liquidity providers: 50% of retail investors have suffered losses due to impermanent loss, with net losses exceeding $60 million.
1inch proposes to address this issue through its Aqua protocol—which allows DeFi applications to share unified liquidity pools, aiming to optimize liquidity utilization, reduce fund fragmentation, and improve returns for liquidity providers. **BNB Breaks $830:** Market data shows that BNB has broken through $830, currently trading at $830.34, a 24-hour increase of 1.57%. Price volatility is high; please manage your risk carefully.
**Tom Lee: MSTR is the Preferred Hedging Tool for Cryptocurrency Losses:** Strategy (MSTR) stock has fallen 43%, and institutional crypto investors are starting to use the stock to hedge losses due to limited on-chain hedging options. Tom Lee from Bitmine Immersion stated that MSTR is seen as a Bitcoin alternative in the market due to its ample liquidity and large Bitcoin holdings, making it the preferred hedging tool.
Following the October crash, liquidity in the crypto market remains weak, and the lack of robust native crypto hedging tools has forced traders to short MSTR.
Important Economic Developments
▌Boston Fed President Collins: Not Yet Decided on Whether to Support a December Rate Cut
Boston Fed President Susan Collins said a day after hinting that she might lean towards keeping interest rates unchanged, she has not yet decided how to vote at the Fed's next policy meeting. "I haven't made a decision yet, and I won't make a decision before I actually attend the meeting," Collins told reporters on Saturday on the sidelines of the Boston Fed's annual economic conference. "There's still data to be released." As a member with a vote on the Fed's interest rate decision-making committee this year, Collins said earlier this week that she was hesitant about a December rate cut due to persistently high inflation and the current policy's only mildly restrictive nature.
Golden Encyclopedia
▌What is RISC-V and why does Vitalik want to use it for smart contracts?
RISC-V, pronounced "risk five," is a modern open-source instruction set architecture (ISA) based on the principles of Reduced Instruction Set Computer (RISC). Simply put, it's like a blueprint defining a set of instructions that a processor can execute. RISC-V is designed to be highly modular, efficient, and flexible. Originally developed by the University of California in 2010, this open-source framework allows developers the flexibility to customize its functionality and use cases, and it is cost-effective compared to proprietary ISAs such as ARM or x86. RISC-V has a wide range of applications, from supercomputers to smartphones, and now to blockchains like Ethereum.
RISC-V is used in a wide variety of applications, from supercomputers to smartphones, and now to blockchains like Ethereum.
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