Review of the past week:
| September 3, 2024 |
Ethereum layer-1 network revenue has plummeted by 99% since March 2024 According to data from Token Terminal, network fees hit their highest levels for the year on March 5, 2024, at $35.5 million. Read more |
| September 4, 2024 | Hackers hacked DeFi-the Penpie protocol and withdrew assets worth $27,000,000
The attackers exchanged the entire stolen crypt for 11,900 ETH and laundered part of it through Tornado Cash.In the second quarter of 2024, losses of crypto projects from hacks increased by 113%, the largest incident was the attack on the Indian crypto exchange WazirX. Read more |
| September 5, 2024 | Mastercard enables non-custodial crypto spending in new partnership
Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants. Read more |
| September 6, 2024 | Japan’s three major banks to test cross-border stablecoin transfer platform
The pilot test, dubbed “Project Pax,” will leverage the stablecoins issued via Progmat, a blockchain startup backed by these three banks, SBI Holdings and Japan Exchange Group. Read more |
| September 7, 2024 | US companies forecast to buy $10.3B in Bitcoin over next 18 months
TA new report from River—a Bitcoin technology and financial services firm—forecasted that some companies in the United States will increase their exposure to BTC over the next 18 months. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
