Ronin Bridge Hacked Again! 🚨
The Ronin blockchain bridge for Axie Infinity has been hacked once more, with attackers draining 4,000 ETH (nearly $10M), according to PeckShield’s X account. 😱
Remember, the previous breach in 2022 was the largest crypto hack ever, with nearly $600M stolen. 🏴☠️💰
The Ronin bridge is temporarily shut down while the team investigates.🛠🔍
💰 Bitwise CIO sees Bitcoin’s potential echoing post-COVID surge
Bitwise Chief Investment Officer Matthew Hougan said the current market conditions are a prime buying opportunity for investors interested in Bitcoin, according to an Aug. 5 investor note.
Hougan pointed out that Bitcoin had historically ended the year higher following global economic stress and drew parallels to the 2020 COVID-19 crisis when BTC, like other assets, saw a sharp decline but eventually surged over 1,000% within a year.
🗣Crypto Stocks Slump as Bitcoin, Ether Tumble.
Crypto stocks fell sharply on Monday as Bitcoin dropped below $50,000 🌡and Ether posted its biggest decline since May 2021.
Coinbase shares slumped 17%, MicroStrategy fell 21%, and CoinShares dropped 12%.
Miners like Marathon Digital and Riot Platforms also saw significant declines.
The slump follows global market tensions and concerns about the economy, with escalating Middle East tensions
contributing to the downturn.
