๐จ๐จ BREAKING: ๐จ NEW: TectonicFi lost ~$74M in an exploit on Cronos, with the attacker managing to bridge only ~$6M to Ethereum before the chain was paused, leaving ~$60M stuck, per PeckShield. $ETH $CRO #Ethereum
๐ข UPDATE: ๐จ JUST IN: Crypto groups have spent a record ~$640M on token buybacks this year to prop up prices, with Hyperliquid and pump(.)fun driving nearly 90% of it, per FT. $HYPE #Crypto
๐จ๐จ BREAKING: ๐จ LATEST: Crypto(.)com CEO Kris Marszalek confirms a security breach on Cronos lending protocol Tectonic, with Crypto(.)com assisting the investigation. The Cronos Network has since been halted as a precaution. $CRO #Crypto
๐จ๐จ BREAKING: ๐ท๐บ ADOPTION: Sber, Russiaโs largest bank, plans to accept Bitcoin, Ether and USDT as loan collateral as the countryโs new crypto regulations take effect on September 1. $BTC #Bitcoin
๐ข UPDATE: ๐ Metaplanet CEO Simon Gerovich says previous Bitcoin cycles belonged to the West, but the first Asian cycle has already begun. $BTC #Bitcoin
๐ข UPDATE: Michael Saylor's Strategy appears to resume Bitcoin purchases after 10 long weeks of silence. Will this trigger the next wave of BTC buyers? $BTC #Bitcoin
๐ข UPDATE: ๐จ SHORTS: This week saw crypto's largest short liquidation, with $9.7B wiped out over 7 days. Nearly 66% of it came from shorts. And yet, it still pales in comparison to October 10th. #Crypto
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