Minh Nhi
Minh Nhi
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The cryptocurrency market today is experiencing a noticeable correction. The global market capitalization is currently hovering around the $2.4 trillion mark, down about 1.1% in the past 24 hours. The fear and greed index has retreated to a neutral level as investors begin to take profits after a period of rapid growth. Notably, Bitcoin's (BTC Dominance) market share is rising to 58.5%, indicating that capital is flowing out of higher-risk Altcoins in search of safety in the leading asset.
Key currency movements
• Bitcoin (BTC): Trading in the range of $68,000 - $69,000. After failing to maintain higher levels, BTC is striving to establish a new support zone for accumulation.
• Ethereum (ETH): Showing a slightly less pronounced decline compared to the overall Altcoin market, currently hovering around $2,150. The ETH/BTC exchange rate is indicating a slight weakening of the buying side on this largest smart contract network.
• Market highlights: While most of the market is in the red, some individual projects are still experiencing strong breakthroughs. EdgeX has recorded an impressive growth of over 20%, reflecting the appeal from community campaigns and its own ecosystem. Anonymous coins like Zcash (ZEC) have also seen a slight recovery of about 5%.
#DailyOrbit #OKXOrbitTopics
ANALYZING THE $292 MILLION HACK: WHEN "
SINGLE POINT OF FAILURE BECOMES A DISASTER
The Crypto market just went through a dark April with the exploit of the KelpDAO LayerZero bridge, taking away approximately 292 million USD (equivalent to 116,500 rsETH).
🔍 What happened?
This was not a traditional smart contract error. This was a sophisticated attack on off-chain infrastructure:
1. Node Manipulation: The Lazarus Group took control of 2 internal RPC nodes of LayerZero.
2. DDoS Attack: At the same time, they launched a DDoS attack to cripple external RPC nodes so the system could not verify real data.
3. Creating a Fake "Burn": With the controlled nodes, the attacker sent fake data about a "burn" command for a token that did not exist on the source chain.
4. Withdrawing Funds: Since the validation network (DVN) was in 1-of-1 mode (only 1 source needed for confirmation), the contract on Ethereum trusted and unlocked hundreds of millions of dollars in rsETH for the hacker.
Not everyone realizes this… but the game is heating up by the hour at @CerbAgent 👀
→ 660 creators have joined
→ 229 are on the leaderboard
→ 727 posts have been submitted
The current leader only holds 5.7% of the total points.
→ This means no one has "outperformed" yet
→ And the opportunity is still open for everyone who joins early and participates consistently.
The mechanism is very clear:
Consistency > hype.
🎯 Prize pool: $20,000 USDC
The top 50 creators will be rewarded.
This is no longer a question of whether to participate…
But rather: do you have enough perseverance to climb the ranks?
The game is still open.
And the leaderboard still belongs to no one.










