From the hectic Nomad exploit to thousands of Solana-based wallets being drained, the last week resulted in a declining market that's reaching a decision point.
Bitcoin at a Decision Point, Solana-Based Wallets Exploit, and the Nomad Fiasco: This Week’s Crypto Recap
The past seven days failed to bring positive developments, at least in terms of pricing, as the total cryptocurrency market capitalization dropped by around $35 billion. This comes on the back of BTC and ETH failing to overcome critical resistance levels and presently circulating below them. A lot of the other coins followed suit, with some obvious exceptions. FLOW, for once, seems to be the week’s best performer, charting a staggering increase of about 55%, all of it coming within the past 24 hours. This is no surprise. Meta announced yesterday that the company will integrate the Flow blockchain to further expand the NFT universe for its users.
Speaking of hacks, the Nomad Bridge was also exploited. Interestingly enough, the hacker posted the script in a public Discord group, and everyone could copy and paste it to drain funds out of the bridge. The team is now offering a bounty for returning the $190 million that was drained.This is all you need not to miss any price action in the raging crypto markets.
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