#CertiKInsight 🚨
On September 4th, 2024, @CUT2024CUT (CUT token) was exploited and lost ~$1.4 million.
To learn more about the incident, read our full analysis here 👇

On 10th September, 2024, Caterpillar Coin ($CUT token) suffered a flashloan attack resulting in a loss of ~$1.4M and causing a 99% slippage on the token. The attack exploited vulnerabilities in the ‘price protection mechanisms’, which led to the manipulation of token reserves and rewards.

CertiK - CUT Token Incident Analysis

Twitter

Tencent News "Telescope", author: Ji Zhenyu
On September 18th, US time, the Federal Reserve announced a 50-basis-point rate cut at its closely watched September policy meeting, lowering the target range for the federal funds rate from 5.25%-5.5% to 4.75%-5%.
Federal Reserve Chairman Powell stated at the press conference that day that this is the beginning of a series of rate cuts. His remarks clearly announced that the Federal Reserve is officially ending the monetary tightening cycle that began in 2021 and entering a new cycle of monetary easing policy.
This magnitude significantly exceeded market expectations, and also increased market expectations for future economic...

The Federal Reserve cut interest rates by 50 basis points. Market participants: Powell's words and deeds are inconsistent

Introduction
Since 2021, we have been developing MATR1X FIRE - a product that can allow more users to enter the crypto world. Now it is facing the entire community, entering the non-delete gold mining test - the Genesis Fire Test, which we call the Genesis version (v0.7.0). It will remain in a "testing" state for a long time in the future until the entire product is fully community-oriented.
Before that, we will work with the community to improve the entire system's mechanism. Next, we will focus on introducing the core settings in the Genesis version.
I. Roles and Energy
When you enter the MAT...

Medium

Detailed explanation of MATR1X FIRE gold mining mechanism - long-term plan and dynamic balance

Author: DeFi Education
Translation: Bai Hua Blockchain
[1726720389667551.png]
If you have traded or invested in the crypto market in the past 12 months, you will find a common theme: the differentiated performance of Altcoins. In other words, the market has become more mature, the number of Altcoins has surged, while the total capital for purchasing these Altcoins has remained roughly flat or slightly declined. These factors combined make the selection of Altcoins a key factor for success in the crypto market.
We have recently emphasized that the crypto market is more inclined towards active strategies, rather than simply...