🌙 Overnight Market Recap | October 28
Web3 security incidents piled up today. Avoid the pitfalls before talking about opportunities:
🔒 $ZIL (AI score: 85): Zilliqa's CEO resigned amid a security investigation, and the board took over. X-Bridge was suspended in both directions, with about $800,000 stolen.
🔒 $INIT (AI score: 85): A suspected token-minting vulnerability caused the mainnet and Rollup to pause. Fortunately, the foundation has approved 1:1 compensation for affected iUSD collateral (up to 1.08 million USDC + 105 ETH).
⚠️ Datavault AI plunged 50% after it was unable to withdraw BTC custodied by Biconomy, sounding another alarm about custody risks.
💰 Flows: Spot BTC ETFs saw net inflows of $176 million yesterday, with IBIT accounting for $150 million. ETH ETFs, however, saw $60.2 million in outflows—a divergence between the two.
🏦 Milestone: RLUSD received Moody's A2/P-1 ratings, becoming the first stablecoin to receive an investment-grade rating and accelerating its path toward regulatory compliance.
⚖️ Regulation: The CFTC is once again investigating whether Polymarket violated its 2022 agreement.
Takeaway: Security incidents have erupted in quick succession, so be cautious when choosing platforms and bridges. Stablecoin compliance is today's strongest long-term signal; keep an eye on what the $XRP ecosystem does next.
NFA | DYOR
#比特币 #加密货币 #Web3 #DeFi #Stablecoin
Web3 security incidents piled up today. Avoid the pitfalls before talking about opportunities:
🔒 $ZIL (AI score: 85): Zilliqa's CEO resigned amid a security investigation, and the board took over. X-Bridge was suspended in both directions, with about $800,000 stolen.
🔒 $INIT (AI score: 85): A suspected token-minting vulnerability caused the mainnet and Rollup to pause. Fortunately, the foundation has approved 1:1 compensation for affected iUSD collateral (up to 1.08 million USDC + 105 ETH).
⚠️ Datavault AI plunged 50% after it was unable to withdraw BTC custodied by Biconomy, sounding another alarm about custody risks.
💰 Flows: Spot BTC ETFs saw net inflows of $176 million yesterday, with IBIT accounting for $150 million. ETH ETFs, however, saw $60.2 million in outflows—a divergence between the two.
🏦 Milestone: RLUSD received Moody's A2/P-1 ratings, becoming the first stablecoin to receive an investment-grade rating and accelerating its path toward regulatory compliance.
⚖️ Regulation: The CFTC is once again investigating whether Polymarket violated its 2022 agreement.
Takeaway: Security incidents have erupted in quick succession, so be cautious when choosing platforms and bridges. Stablecoin compliance is today's strongest long-term signal; keep an eye on what the $XRP ecosystem does next.
NFA | DYOR
#比特币 #加密货币 #Web3 #DeFi #Stablecoin