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 | GLOBAL CRYPTO MARKET CAP | |  | 24H CRYPTO MARKET VOLUME | | | BITCOIN'S DOMINANCE | | |
| | | All data as of: 18 Dec 2023 10 AM UTC |
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| Happy Monday! In this issue, Tether CEO Paolo Ardoino reveals their close collaborations with law enforcement agencies. What have they been working on together? Meanwhile, gaming project Aurory's bridge on Arbitrum was exploited, causing the AURY token to sell-off. Thankfully, the team bought the dip and contained the exploit. Speaking of hacks, the NFT Trader exploiter turned out to be a white hat, and has returned all BAYC and MAYC to their owners for 120 ETH. That's $260K at the time of writing! | Here's the rundown of today's top stories: | - Tether emphasizes commitment to security in letter to the U.S. Senate Committee 🔒
- Arbitrum returns to full functionality after temporary outage due to inscriptions ⚙️
- Aurory's SyncSpace Bridge on Arbitrum Camelot DEX exploited 🎮
- Stolen BAYC and MAYC NFTs returned after community initiative pays bounty 💰
- Palau launches second phase of Palau Stablecoin program with Ripple 🏝
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| Tether, the company behind the leading USDT stablecoin, has made public the letters it sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, as well as the U.S. House Financial Services Committee, highlighting its dedication to security and ... Read the full story! | |
| Arbitrum (ARB), a layer-2 blockchain on Ethereum, announced on Friday that its systems were back to full functionality following a temporary outage caused by a surge in Bitcoin Ordinals-inspired inscriptions. The incident prompted a sequencer to halt, resulting in ... Read the full story! | |
| And that brings us to our Word of the Day! | Layer 2 is the name given to a scaling solution that enables high throughput of transactions whilst fully inheriting the security of the underlying blockchain that it is built on. Read more! | Now back to our daily stories! | | | Decentralized gaming ecosystem Aurory, built on the Solana blockchain, reportedly fell victim to a breach on December 17, resulting in a significant liquidity decrease of nearly 80% in the AURY-USDC pool on the Arbitrum-based decentralized exchange ... Read the full story! | |
| Monday, 18 Dec on 3PM UTC | | As every Monday, tune in as Alice, CMC's Research Lead, provides her insights on the crucial highlights for the upcoming week. | |
| All Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) that were stolen from the peer-to-peer trading platform NFT Trader have been returned following the payment of ... Read the full story! | |
| | Smart contract wallets, based on contract accounts instead of externally-owned accounts (EOA), offers enhanced security, usability and interoperability for Ethereum users. | |
| The Ministry of Finance of Palau has officially initiated the second phase of its Palau Stablecoin (PSC) program, according to Jay Hunter Anson, a cybersecurity consultant in Palau and adviser to the Ministry of Finance. Anson revealed that Palau intends to expand its partnership with Ripple in the second ... Read the full story! | |
| And that wraps up today's top stories in crypto. As always, we'll be back tomorrow with the latest news and insights from across the constantly evolving blockchain world! | |
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