November 4th Market Key Intelligence, How Much Did You Miss?
Featured News
2. JELLY Surges 130% in 24 Hours, Market Cap Peaks Above $2.2 Billion
3. ASTER Skyrockets Over 7.7% in a Short Time, Market Cap Reaches $16.75 Billion
4. Pre-market Crypto Concept Stocks in the U.S. Experience a General Decline, MSTR Drops by 3.30%
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
Below is the Chinese translation of the original content:
[BAL]
Today's core discussion around BAL revolves around a major exploit suffered by Balancer V2 pools, resulting in a multi-chain loss of over $110 million. The hacker targeted Balancer V2's treasury and liquidity pools, exploiting a vulnerability in smart contract interactions to carry out the attack. The Balancer team is actively collaborating with security experts to investigate the incident and recover the stolen funds. This event has led to the temporary suspension of the Berachain network and prompted several platforms to take preventive measures. Despite this setback, the DeFi community continues to show support for Balancer, with most expressing confidence in the protocol's recovery.
[FLIPSTER]
FLIPSTER has garnered significant attention today due to its ongoing trading competition and reward activities. Participants are eagerly looking forward to earning generous USDT rewards by climbing the ranks. The competition is conducted in multiple stages with weekly rewards. Additionally, the platform has launched social activities to provide additional incentives. Community users actively engage in platform interactions, sharing experiences and strategies for climbing the leaderboard.
[BERA]
Today's BERA discussion focused on Berachain network's emergency response to a major vulnerability in Balancer V2 — a coordinated validator-led network pause. This action aims to prevent further losses and address the vulnerability through a hard fork (especially impacting the BEX platform). The community widely supported this decision, emphasizing security over strict decentralization principles. This event has highlighted the security maintenance challenges in the DeFi ecosystem and triggered discussions about the role of validators in crisis management.
[BINANCE]
Today's Binance discussion mainly revolved around various initiatives and controversies the exchange has been involved in. Binance supported the Giggle Fund through donation of trading fees and listed new tokens like Momentum (MMT) and Intuition (TRUST). Additionally, there are rumors that Wintermute may sue Binance over a recent liquidation crisis, sparking debates on the impact of this event on the cryptocurrency market. Binance founder Changpeng Zhao's (CZ) involvement in multiple projects and partnerships (including the controversial event of being pardoned by Donald Trump) has also been a focus of attention.
[METAWIN]
Today's METAWIN core discussion centered around its potential as a preferred cryptocurrency investment target, with users highlighting its gaming features such as Plinko and blackjack. The market sentiment is generally positive, with many users regretting not investing in METAWIN earlier. The discussion also touched on the platform's gaming and prediction features, which are gaining increasing user acceptance.
Featured Articles
1.《Robotics Trending: Overview of Robot Concept Projects on Virtuals》
Virtuals Protocol gained more attention recently due to the surge in the x402 protocol. Last Saturday, Virtuals' token price experienced a 35% single-day increase, although it retraced much of the gains in the following days due to overall market conditions. This "AI Agent Hub" based on the Base is still worth watching. Another hot topic lately is the robotics track, and Virtuals has maintained high interest in this area, announcing "Virtuals Robotics" on October 21st. So, what actions has Virtuals taken, and what are the robotics-related projects within its ecosystem?
2. "The Butterfly Effect of Balancer Hack: Why Did XUSD Break Its Peg?"
After the multi-chain platform @Balancer fell victim to a hack, causing widespread uncertainty in the DeFi sector for several hours, @berachain swiftly carried out a hard fork, and @SonicLabs froze the attacker's wallet. Subsequently, the price of Stream Finance's xUSD stablecoin deviated significantly from its target range, exhibiting a clear peg break.
On-chain Data
November 4th On-chain Fund Flow

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