Philip (philipstrade)

Abracadabra loses $1.8 million in protocol's third major DeFi hack since 2024 In the attack, which occurred late Saturday night, an unknown threat actor leveraged a smart contract vulnerability to bypass solvency checks, allowing them to extract 1.79 million MIM from the protocol, according to security firm BlockSec Phalcon. The attack wallet's initial funding came from mixing protocol Tornado Cash; following the attack, the attacker swapped the tokens for ETH and sent it back to Tornado. "A potential attack vector was identified today in some deprecated contracts. The issue has been mitigated and closed," DAO contributor 0xMerlin wrote on the protocol's Discord server. "The affected MIM (although minimal) was bought back from the market using the DAO treasury and is currently awaiting repayment to the DAO treasury in ETH...No user funds have been affected." https://www.theblock.co/post/373453/abracadabra-loses-1-8-million-in-protocols-third-major-defi-hack-since-2024

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Morning Minute: OpenSea Makes Big Moves in Final Sprint to $SEA OpenSea saw arguably the most bullish series of announcements in its existence, and $SEA is now on the horizon. Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. OpenSea is clearly trying to be more than “just an NFT marketplace.” And yesterday’s reveal pushed it toward an on-chain trading superapp with AI at the core, a seven-figure cultural fund, and a gamified final rewards push ahead of the $SEA token event. https://decrypt.co/338615/morning-minute-opensea-makes-big-moves-in-final-sprint-to-sea

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Global crypto investment products shed $352 million in weekly outflows despite improved Fed rate cut prospects: CoinShares Global crypto investment products managed by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares generated net outflows of $352 million last week, reversing the trend once again after the prior week's $2.5 billion inflows, according to CoinShares' data. Weaker payroll figures and improving prospects for a September interest rate cut in the U.S. failed to bolster sentiment, CoinShares Head of Research James Butterfill said in a Monday report. https://www.theblock.co/post/369831/global-crypto-investment-products-shed-352-million-in-weekly-outflows-despite-improved-fed-rate-cut-prospects-coinshares

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Dogecoin (DOGE) Price Prediction For January 9 Let’s dive into what’s happening with Dogecoin (DOGE) right now. Currently, Dogecoin is trading at around $0.33, which is slightly down from where it was earlier. It had a bit of a range today, hitting a high of $0.35 and dipping as low as $0.32. So, it’s been moving, but not in a particularly dramatic way. If we zoom out and look at the bigger picture, Dogecoin has had a rough month, dropping about 28% in market capitalization. That’s a pretty big pullback, and you can feel the bearish sentiment in the air. Even social media chatter around Dogecoin seems to have quieted down, which often reflects a cooling off in hype-driven momentum. https://blockchainreporter.net/daily-prediction/dogecoin-doge-price-for-january-9/

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Bitcoin Tumble Triggered $1.4 Billion in Liquidations Altcoins have felt the sting, too. Ethereum was down 16% over a 24-hour period at one point, with XRP plunging 18% and Dogecoin 26%. Crypto liquidations have hit $1.4 billion over the past 24 hours, Coinglass data shows. Leveraged traders with long positions were left reeling after a sharp pullback in Bitcoin's price—and harsher declines among altcoins. The Bitcoin price sank to lows of $92,000 on Friday, meaning the world's biggest cryptocurrency is now 13.4% off all-time highs set just three days ago. https://decrypt.co/298231/bitcoin-tumble-triggered-1-4-billion-in-liquidations

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The Bitcoin Students Network Launch Layer Zero To Empower Global Youth Today, the Bitcoin Students Network launches its "Layer Zero" program, which aims to empower youths globally to collaboratively and creatively build and strengthen Bitcoin's 'social layer' and contribute to actualizing its potential as a financial freedom tool and revolutionary technology through a cultivated strong shared sense of community. The Bitcoin Students Network (BSN) aims to coordinate and advance Bitcoin education efforts globally to youth by supporting student-led clubs and providing resources and assistance to help grow the clubs. Since the Bitcoin Students Network announcement by Co-founders Ella Hough and Arsh Molu early last year at the Bitcoin Atlantis conference, their network now has over 70 universities and groups across 25 https://www.forbes.com/sites/digital-assets/2025/01/09/the-bitcoin-students-network-launch-layer-zero-to-empower-global-youth/

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