In the past 24 hours, there have been several important news worthy of attention in the crypto market:
1. Cryptocurrency mining company Bitfarms announced its expansion of operations in Pennsylvania, United States, while Riot Platforms increased its stake in Bitfarms to 14%. This shows the expansion and investment growth of crypto mining companies in the US market.
2. UwU Lend was attacked again while handling compensation for previous hacking attacks, and hackers stole another $3.5 million, bringing the total loss to the protocol to $24 million. This series of security issues has raised concerns about the security of DeFi protocols.
3. Curve Finance successfully handled the liquidation in the hacker attack, but the price of its native token CRV plummeted 28% in one day, causing concern in the DeFi community. This shows the direct impact of security incidents on market prices in the DeFi field.
4. When the price of Ethereum fell by 2%, long-term holders actively bought. This shows that investors remain confident in Ethereum’s long-term prospects despite short-term price volatility.
5. Terraform Labs announced that it will end operations after reaching a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC), and the Terra community will take over control of the Terra blockchain. This reflects the influence regulators have over the crypto market.