The market experienced a rebound today, with the price of Bitcoin returning to above $91,200, while Ethereum performed relatively weakly and is currently fluctuating around $3,100.


Ethereum hasn’t been doing well lately.



Judging from the current K-line chart, there is no sign of reversal yet.


The ETH/BTC trading pair even hit a new low, indicating that the panic in the market is quite serious and many holders have begun to panic sell.


However, BlackRock has been buying Ethereum recently. BlackRock’s CEO also mentioned yesterday that he wanted to tokenize assets.


Bitwise, the issuer of Ethereum ETF, also recently acquired Attestant, a company specializing in ETH staking services, which may be in preparation for the upcoming Ethereum ETF staking.


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After Trump takes office, the Ethereum collateralized ETF will most likely be approved.


What do you think will happen when Wall Street buys up enough Ethereum? Where will they put the main chain for asset tokenization?


I think from the perspective of security, it will most likely be placed on the Ethereum chain, so Ethereum will most likely be able to rise.


Many things are driven by interests. As long as the interests are big enough, anything can happen.


As for altcoins, the general increase today was around 10%, among which the MEME sector performed the strongest, with FLOKI, GOAT, and BONK all increasing by more than 30%.


It should be noted that a theft occurred at Dexx exchange early yesterday morning, and many people’s wallet assets were emptied.


Other similar trading robots are also not safe. It is recommended that friends with funds transfer the money back to their own wallets or large exchanges first.


So how do we ensure asset security in on-chain transactions?



First of all, you must use a hardware wallet to keep your private key and mnemonic phrase yourself. Especially when you have large amounts of funds, a hardware wallet is the safest choice.


If you have a small amount of funds, you can use a non-custodial wallet, but you must control the private key yourself.


Once the small amount of funds grows, it should also be transferred to a hardware wallet.


Remember, never give your private key to anyone. Once you hand over your private key, your assets may be cleared at any time.


Someone discovered through investigation that the private key of DEXX exchange is transmitted in plain text, which means that your private key is stored on their server.




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If you have downloaded this exchange before, even if you have never used it, be careful about theft.


Dexx may have read the clipboard of your computer and mobile phone. If you have copied and pasted your private key, it is very likely that it will be captured by him.


So never copy the private key to the clipboard using a mobile phone or computer. The safest way is to export the private key as a mnemonic, write it down on paper, and then enter it manually.


In addition, it is recommended not to use any automated trading tools (bots) for the time being, as they are very dangerous.


After this theft, the bot industry may experience a major reshuffle.



If you need to trade, it is recommended to use OK and Binance's Web3 wallets.


Or use the gmgn web page to authorize, then connect when trading, and remember to disconnect the authorization after the transaction.


If you must use a custodial bot, only use small amounts and transfer back to a non-custodial wallet or hardware wallet immediately after use.


SlowMist has already started investigating this theft. If your assets have been stolen, you can submit the information and SlowMist will conduct a unified analysis.


https://x.com/evilcos/status/1857575012632506552?s=46&t=DLwbX9Nw4QECiyZQ0av-fg


It is said that 300 million US dollars were stolen in this incident, which may affect everyone's enthusiasm for MEME coin in the short term.


Affected by the DEXX theft, market maker Wintermute also began to reduce its holdings of meme coins. So be sure to pay attention to short-term risks.