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Marcus Sotiriou, Analyst At a Listed Digital Asset Broker global block
Bitcoin is above $23,000 at the time of writing after falling just under 5% on Tuesday. Coinbase Second Quarter Earnings Released. They reported a 63% drop in revenue in the second quarter, down $1.1 billion year-on-year, even though monthly customer numbers rose from his 8.8 million to his 9 million. leading to the loss of This further shows how the macro economy has affected many cryptocurrency exchanges over the past few months.
Coinbase also expects its user base to continue to decline over the next three months. US CPI data (Released at 1:30pm UK time on Wednesday) It will play a big role in determining whether there will actually be a decline in cryptocurrency users over the next few months.
CPI is expected to be 8.7%. If the released number is lower than this number, we expect cryptocurrencies and stocks to continue to rise. However, this is his CPI figure for the last month, which marks the beginning of a period of stability driven by inflation, so I think numbers below 9.1% are promising. In this case, the Fed is likely to be less aggressive at his next FOMC meeting in September, and markets are looking forward to that.
Hacking has become more common in the crypto space over the past two years as the industry has grown tremendously.
In this case, Curve Finance’s domain name system, DNS (DNS maps readable website names to IP addresses) was hijacked. Hackers have changed IP addresses translated by DNS. http://curve.fiThey provided their own server IP address and created identical web applications. We then created a new smart contract to steal money, so users were authorizing transactions to steal funds.
This is an example of how important it is for users within DeFi to be well educated about the protocols they use. People can protect themselves if they check every smart contract they interact with. I should have.
