Taiwan, China June M2 Money Supply Year-on-Year

$GMEE $GMEE CRYPTO COIN HAS BEEN HACKED AND STOLEN OVER A 600 HUNDRED MILLIONS, $GMEE COIN HAS BEEN CONVERTED INTO ETH AND MATIC. SO THAT THE VALUE PRICE OF $GMEE HAS BEEN DECLINED. THE ALL CEX HAS BEEN DOING THEIR BEST AND GREAT JOB TO PROTECT ITS USERS, BE PATIENT AND ALL WILL BE BACK TO NORMAL. ALWAYS ALWAYS DYOR AND NFA 🤝✌️👍

Recently, the cryptocurrency market has shown some interesting dynamics. Although DOGE broke through a key resistance level, its subsequent performance has not met expectations. Unlike Ethereum (ETH) and Solana (SOL), which quickly escaped the resistance range after breaking through, DOGE has fallen into a relatively weak oscillating state after the breakout, lingering near the new resistance level. There may be two explanations for this situation: first, the high proportion of retail investors among DOGE holders may lead to insufficient upward momentum; second, the market may be waiting for certain external factors, such as significant positive news or further increases after Bitcoin completes a slight breakout and consolidation. Meanwhile, WIF (Worldcoin) has shown strong momentum, repeatedly testing near the resistance level, indicating potential for a breakout. Once the breakout is successful, it could trigger a significant increase. Similarly, PEPE also exhibits similar breakout signs, and the breakout of these two tokens seems to be just a matter of time. For investors, paying attention to these tokens that are about to break through may be a strategy to reduce holding risks. However, it is important to be cautious, as the altcoin market has always been highly volatile, and investors should conduct thorough risk assessments. The surge in the NFT sector has injected some vitality into the market, which may signal the arrival of a new round of 'altcoin season.' However, in this uncertain market, investors need to stay alert, closely monitor market trends, and make informed investment decisions.

The Orbit Chain project was attacked, resulting in a loss of approximately $80 million. At the beginning of the New Year 2024, the cross-chain bridge platform Orbit Chain suffered a major security incident, with losses amounting to approximately $80 million. According to security monitoring platforms, the attackers had started small-scale probing a day earlier and used the stolen ETH to fund the subsequent large-scale attack. Currently, the project party has suspended the operation of the cross-chain bridge contract and is attempting to communicate with the attacker. Security experts have conducted an in-depth analysis of this incident, revealing the specific methods of the attack and the flow of funds. Attack Method Analysis Attackers primarily transfer assets by directly invoking the withdraw function of the Orbit Chain bridging contract. This function employs a signature verification mechanism to ensure the legitimacy of withdrawals. Further analysis reveals that the contract requires at least 70% of the administrators (i.e., 10 administrators.

The wave of tokenization in the US stock market is coming, and new players may join. Recently, the tokenization of US stocks has become a new hotspot in the cryptocurrency market. Following the announcement by a well-known cryptocurrency exchange to offer tokenization services for popular US stocks to non-US clients, an executive from another major trading platform also revealed similar plans. This trend is gradually becoming an intriguing business opportunity. Recent news shows that a well-known American internet brokerage might also venture into this field. According to insiders, the company is developing a blockchain-based platform aimed at allowing European retail investors to trade US stocks. This platform may choose a certain well-known Layer 2 solution or a public blockchain as technical support; however, the specific partners have not yet been finalized. This news has sparked widespread attention and speculation in the market. Some analysts believe that the brokerage may directly integrate a certain Layer 2 solution into the new platform as part of its blockchain trading.

Feasibility Analysis of Polkadot's Exploration to Drop Inflation Rate Recently, Web3 Foundation technical educator Filippo Franchini expressed his views on the handling of Polkadot's core time sale revenue on social media, sparking heated discussions in the community. He proposed to burn all core time sale revenue, believing that this is the only way to classify the revenue as "pure network income," which could bring more deflationary pressure to DOT. This view has gained the recognition of the majority of community members, but some believe that more data support is needed. Franchini further explained that even if the initial sales revenue is not much, burning them would create positive social effects, making DOT more attractive. He also pointed out that the increase in the ideal staking rate has doubled the treasury income brought by DOT inflation. In fact, Jonas from the Web3 Foundation mentioned this as early as July.