The week of 06/11 in brief. The news concerning Bitcoin and cryptocurrencies is constantly in flux. It can happen that vital information gets lost in the daily flow of information and that you miss important points. This format is here to remedy that. We return to the news from last week in‘Weekly Crypto in order to keep you informed on the current situation of cryptocurrencies.
Crypto news in brief
▶ Aave fixes critical flaw on time. The DeFi protocol was alerted to a critical flaw via its bug bounty program. Fortunately, the developers were able to take the necessary measures before it was exploited.
▶ Kraken plans to launch its own layer 2 on Ethereum. Thus, a few months after its competitor Coinbase, Kraken would be in discussions with several teams of developers.
▶ Binance listed Bitcoin Ordinals. This led to a significant increase in the price of several BRC-20 tokens.
▶ The Yuga Labs evening turns into a disaster. Bored Ape Yacht Club NFT holders met again on the occasion of the ApeFest. However, after the party, many participants suffered eye damage.
▶ After Bitcoin, BlackRock working on a Spot Ethereum ETF. Thus, the rumor launched at the beginning of the week is validated, which did not fail to increase the price of ETH.
▶ MultiversX at the heart of a case of market manipulation. Thus, the recent rise may have been orchestrated in South Korea.
▶ USDT is the leading stablecoin in the crypto ecosystem in terms of capitalization. A look back at the history of this crypto with systemic risks.
The 5 metrics of the week
➤ $588,000it’s about amount stolen by a hacker via a fake Ledger Live application. Thus, the hacker published his compromised application on the Microsoft Store, attracting many victims to him.
➤ 100 millionit’s the number of ARB tokens that the Arbitrum DAO wishes to allocate to a staking program. This would reward users who block their ARB tokens.
➤ $450,000it’s about amount that was stolen from the Monero community wallet. In practice, this portfolio contained the funds intended for Community Crowdfunding Systemwhich aims to finance community initiatives.
➤ 2024it is about theyear in which Circle plans to go public. As a reminder, Circle is the company behind the USDC stablecoin.
➤ $37,800it’s about price reached by BTC this week. The king of cryptocurrencies recorded an increase of 7% over the week.
Have a good week on the Journal du Coin! 🙂