Sherlock completed a collaborative audit of @Phnx_fi to secure their Mainnet launch.
Phoenix is an AI-driven RWA stablecoin protocol that transforms varied real-world cash flows into standardized & composable DeFi yield via PUSD and yPUSD.
The audit focused on the PUSD Minting/Redemption Mechanics and the yPUSD Staking Vault, ensuring the integrity of the collateralization ratio and the accuracy of yield distribution. Thanks to the Phoenix team for the close collaboration throughout the process.
More details on Phoenix and their launch: https://phnx.finance

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Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

Author: Nancy, PANews
Original title: No Black Swan Events, Four Atypical Guesses About the Culprit Behind Bitcoin Overselling
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A black swan-style crash has arrived, but we haven't seen where the black swan is, which is even more unsettling.
Almost without warning, Bitcoin suddenly plummeted, entering its third-largest oversold zone in history, causing both long positions to collapse and psychological barriers to fall. This has left the market perplexed...

The absence of black swan events suggests there may be other reasons for Bitcoin's current oversold condition.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...