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$DYDX Targeted Attack Update! The dYdX (Decentralized Exchange) has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange. In a Saturday post on X, the dYdX team said that the v3 insurance fund was deployed “to address gaps in the liquidation process within the YFI market.” “The v3 insurance fund remains well funded with $13.5m in funds remaining. No user funds were affected and our team is working to investigate the event”. #DYDX/USDT #CryptoNews🔒📰🚫

$DYDX Targeted Attack Update!

The dYdX (Decentralized Exchange) has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange.

In a Saturday post on X, the dYdX team said that the v3 insurance fund was deployed “to address gaps in the liquidation process within the YFI market.”

“The v3 insurance fund remains well funded with $13.5m in funds remaining. No user funds were affected and our team is working to investigate the event”.

#DYDX/USDT #CryptoNews🔒📰🚫

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Another Wave of Selling FOMO Is About To Come   The spell of “Selling the FOMO” before BTC halving is about to end, where influential players tried to convince you that before halving, BTC’s gonna crash to 50K, 45K, 19K, and blah blah blah, and they achieved their motive to some extent, by manipulating the crypto market and BTC price from 73K to 60K, backed by the whales and institutional investors. Now there’s a second wave is about to start where they’ll create hype on social platforms that BTC halving has now done, the bull run is about to come, and crypto will rocket to the moon, mars, and beyond. Massive buying in the crypto market will happen, and prices will surge and boom! All the whales and institutional investors will sell their coins at their targeted profits, again the market will plunge, and retail investors & traders will end up with their liquidations. That’s a game theory behind the scenes being successfully played every time, that’s why they sell you FOMO and FUD through social media, influencers, and so-called gurus. Do you remember what happened after the SEC’s ETF approval back in January 2024? When the BTC price surge was highly expected. But what happened afterward? The crypto shot up by a price of BTC from $48,600 down to $41,000: the same players, and the same FOMO-selling psychology. The price of BTC and altcoins is likely to be inclined after the halving, but not after the very next hour of the halving event. It’ll take time, maybe a month or two, but it’ll rise gradually.   Bitcoin halving events have historically been associated with price increases, but that's not a surety of immediate rise. The market's reaction can be influenced by numerous factors, including macroeconomic trends, regulatory developments, and investor sentiments. So be cautious and move with patience, and make an informed investment decision, after taking into consideration all the factors directly proportional to the market, and with the calculated risk. Stay Blessed Cheers! #bitcoinhalving #BitcoinHalving2024: $BTC #LatestNews  
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On April 13th 2024, BTC price dropped from 67k to 60.6K, almost 7% declined and Altcoins went down to 20-30%. The second wave of slump in the market is likely to be expected before halving. $BTC along with Altcoins may face another dive, but how much deep? No one knows exactly. If someone’s telling you that BTC could fall to 45K-50K or something like that, then be wary and cautious, they’re selling you FOMO again, and you’re getting it subconsciously & involuntarily. Always do your research and keep your eyes on current market situations by following authentic sources like financialjuice.com, crypto.com,  and news.bitcoin.com. Beware of fake social news being propagated deliberately to create fuss among retail traders and investors, and also avoid sentimental sources like “Trust Me Bro” Action Plan We’re all here in the crypto space to earn and make some money, not to empty our wallets. So, it’s better to avoid futures trading before halving, and after halving either. If you’re addicted to futures trading, then manage your risk by lowering leverage from 3x to 5x maximum, by adding optimum margin, and isolated mode, so your remaining assets won’t affect if the situation goes averse to yours. And if you’re trading in futures with less than $100 (at least), and taking a high leverage, there’s a high probability of getting doomed. While taking a high leverage in futures trade, should you consider it an opportunity for taking large trades or it’s just a bait to hunt your assets/funds? Think twice and thrice. (In a recent drop on 13th April 2024, it’s reported about $970 Million were liquidated from the Crypto Market, shoutout to greedy guys!). The safest trading strategy is Spot Trading, Spot DCA, and Auto Invest. Even if the BTC price drops to $10, your assets are still in your hands, and safe in Spot DCA & Auto Invest. What’s the best thing in Spot Trading, DCA Strategy & Auto Invest? You’ll feel blessed when the market drops or even crashes, while future traders are in fear of liquidation. Cheers! #BTCHalvingApril2024 $BTC
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Safety Precautions During Bearish Trend During a bearish trend in the crypto market, it's essential to prioritize safety and take appropriate precautions to protect your investments, particularly before $BTC halving - Keep yourself updated with the latest news and developments in the cryptocurrency market. Understand the factors contributing to the bearish trend, such as regulatory changes, market sentiment, or technological issues. - Review your investment portfolio and assess your risk tolerance. Consider diversifying your investments across different cryptocurrencies and other asset classes to mitigate potential losses. - Set stop-loss orders to automatically sell your cryptocurrencies at a predetermined price level. This can help limit your losses if prices continue to decline. - Avoid making impulsive decisions based on fear or panic. Stick to your investment strategy and avoid succumbing to market FUD (fear, uncertainty, doubt). - Ensure that your cryptocurrency holdings are stored securely in reputable wallets or exchanges. Use hardware wallets or cold storage solutions for long-term storage, and enable two-factor authentication (2FA) for added security. - Explore hedging strategies such as futures contracts or options to protect your portfolio against downside risk. - If you're concerned about further downside risk, consider reducing your exposure to the cryptocurrency market by selling a portion of your holdings or moving assets into more stable assets like fiat currency or stablecoins. - If you're unsure about how to navigate the bearish market conditions, consider seeking advice from financial professionals or experienced investors who can provide guidance tailored to your specific situation. Remember that investing in cryptocurrencies carries inherent risks, and there's no guarantee of profits. It's important to do your research, exercise caution, and make informed decisions based on your financial goals and risk tolerance. Cheers! #BTCHalvingApril2024 $TIA $ETH
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