#BinanceTournament BNB Chain based decentralized lending outfit, Venus Protocol has debunked claims that it suffered an exploit recentlyVenus Protocol, a Decentralized Finance (DeFi) lending platform operating on the #BNB🔥 Chain, recently found itself at the center of attention when rumors of an exploit surfaced, attributed to findings by the Blockchain security firm, SlowMist.Venus Protocol Clears the AirVenus Protocol, however, swiftly responded, reassuring its community that there was no issue with the Venus Core Pool or the native token, XVS. The protocol asserted that the problem lay with a short-term pricing issue from the Binance Oracle affecting a specific isolated pool, and the team was actively addressing the situation.The Venus Protocol case highlights the importance of transparency and open communication in the DeFi space. In a decentralized #ECOSYSTEM , where trust is paramount, projects must be proactive in addressing concerns and keeping the community informed.In August, the Venus community’s attention was drawn to the health of the exploiter’s address involved in the notorious $BNB Chain Bridge hack. Data from PeckShield revealed that the exploiter’s address was teetering on the brink of liquidation, with a health rate of 0.99. This scenario echoed a past challenge that the Venus community had successfully navigated by passing a governance proposal to whitelist the liquidation of the BNB Bridge exploiter’s position.Decentralized Finance World and its Security ChallengesThe incident at Venus Protocol is not isolated, as the broader DeFi landscape has recently witnessed bouts of security challenges. KyberSwap, a decentralized exchange on the Kyber Network, fell victim to an exploit resulting in the loss of approximately $46 million in various cryptocurrencies. The attack targeted KyberSwap Elastic, leading to a rapid decline in the platform’s Total Value Locked (TVL) by around 70% within hours.KyberSwap users were quickly informed to withdraw their funds as a precautionary measure. Intriguingly, blockchain analysts discovered on-chain messages left by the attacker, suggesting negotiations with protocol developers, employees, DAO members, and liquidity providers.This incident with #KyberSwap brings to mind a similar occurrence in July when Curve Finance experienced a major exploit due to a vulnerability in the programming language. Curve Finance later clarified that the issue stemmed from the combination of the affected Vyper version and the use of pure Ethereum ($ETH ).:🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #ARB @WISE CRYPTO NEWS

Market InsightsThe crypto market, driven by optimism surrounding spot Bitcoin ETFs, witnessed an impressive 19% surge in total market capitalization in October, marking the second-largest monthly gain of 2023. Notable gainers included SOL, LINK, and BTC, concluding the month with price increases of 78%, 45%, and 28%, respectively.Bitcoin dominance hit a 2.5-year high of 53.47% in October, as optimism behind spot exchange-traded funds (“ETFs”) approvals and short liquidations propelled a rally in Bitcoin prices. In October alone, Bitcoin prices were up 28%.After two years of development, Scroll's eagerly awaited mainnet has launched, marking its place among the expanding roster of zkEVMs this year. While already attracting over US$26.6M in total value locked (“TVL”) and 43K users, Scroll is still in its infancy, with significant room to approach the billion-dollar benchmarks set by some of its Layer-2 (“L2”) counterparts.Uniswap Lab’s newly introduced interface fee has resulted in over US$647K collected in the two weeks since launch. The market share of Uniswap has remained relatively stable, and it is still the largest decentralized exchange by trading volume.Maker, the protocol behind the DAI stablecoin, has seen its annualized revenue surge and breach its all-time highs near US$200M. A significant driver of increased revenue has been Maker’s willingness to onboard real-world assets (“RWAs”) as collateral for DAI. Specifically, annualized revenues from RWAs are up 455% from October 2022 and are now responsible for the majority (66%) of Maker’s total annualized revenue.#BTC #BNB🔥 #Ethereum2025 #Solana📈🚀🌐 #link