GMX suffered a major $42 million hack targeting its GLP liquidity pool, prompting the team to offer the attacker a 10% white-hat bounty for returning the funds. Meanwhile, Circle faces criticism as $4.3 million in USDC remains exposed following the exploit. On a brighter note, SharpLink's stock continues to surge as its Ethereum treasury tops 200,000 ETH, reflecting an aggressive growth strategy. Stablecoin issuers also made headlines, collectively holding $182 billion in U.S. Treasuries—surpassing countries like the UAE and South Korea. Here's what's shaking up crypto today.
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The global crypto market cap is $3.39 trillion, with a 24-hour volume of $107.57 billion. The price of Bitcoin is $109,054.22, and BTC market dominance is 64.0%. The price of Ethereum is $2,653.48, and ETH market dominance is 9.5%. The best-performing sector is Transportation, which gained 9%. The Crypto Fear & Greed Index is currently Greed (66).
Circle faces criticism for tardy actions as $4.3 million in USDC remains exposed after GMX exploit.
SharpLink surges on 200,000 ETH milestone as firm embraces aggressive treasury strategy.
Taken together, those issuers reach $182.4 billion, enough to leapfrog South Korea and the United Arab Emirates, and fall just shy of Norway.
XRPL's EVM sidechain shows promise with efficient design and low transaction fees, yet struggles to grow its user base beyond initial interest.
