A hundredfold returns but stolen; tool security must be prioritized. Studying biology and chemistry, I am attending university in the crypto space.
Written by: Alex Liu, Foresight News
Illustration by: Kiet, Foresight News
Note: "Weekly Hot Searches" statistics are compiled from user search results on Foresight News from last Friday to this Thursday (November 15 to November 21), with case variations of the same concepts merged.
DeSci Concept Explodes
Since Binance Labs announced its investment in BIO Protocol on November 8, a wave of "DeSci" has swept through the crypto community, with related "Meme" tokens experiencing astonishing growth.
The BIO platform enables global scientists, patients, and investors to co-fund, develop, and jointly own new drugs and therapies. Currently, the BIO network consists of seven BioDAOs, focusing on diverse fields such as cryopreservation, women's health, and psychedelics for mental health.
What is the wealth code of "DeSci"? Recommended reading:
How long can the wind blow? A review of the hot tokens in the DeSci track You need to study biology on the blockchain; which hundredfold coins are there this week?
DeSci Gold Rush | Leading VitaDAO: How to Lead Longevity Research? Anti-aging is feasible, immortality is a dream.
Multiple Thefts on Dexx
On November 16, multiple users of "DEXX" reported that their tokens were transferred away, possibly related to the leakage of private keys managed by DEXX's centralized custody. In response, DEXX stated, "Currently, DEXX has noticed the issue of tokens being transferred away reported by multiple users, and several professional security audit teams are analyzing and investigating. The team is working hard to resolve this; there is no rug pull. Further updates will be communicated promptly through in-site notifications and X/Telegram."
On the 17th, Yu Xian, founder of the security company Slow Mist, posted on X stating, "As of now, we have analyzed 821 reports of theft related to DEXX users, with total losses nearing 20 million USD, including one person over 1 million USD, two between 500,000 and 1 million USD, and 28 between 100,000 and 500,000 USD. Reports of theft are still being collected."
A good tool, no matter how high the profit, security is the top priority in the crypto industry. Recommended reading:
Protect Your Tokens—On-Chain Player Wallet Selection Guide Smart money not only needs to play smart but also to be smart in safeguarding.
Market Sentiment Divergence
Market sentiment is diverging: Bitcoin is hitting new highs, Meme tokens are booming, yet many people's altcoins have not yet broken even.
Why is the market so frustrating? Recommended reading:
Bitcoin is about to break 100,000 USD, but altcoins are underwhelming Market liquidity shows a trend of centralization, and crypto compliance sentiment still needs to be realized.
Meme news recommended reading:
- Where does ANON come from? What attracts Vitalik, Jesse, and Dan Romero?
- A quick overview of the Meme coin issuance platform emojicoin.fun that caused APT to surge 12% in a day The official "Aptos" announcement of the launch of the emojicoin.fun platform reflects a potential connection between the platform and Aptos.
More Hot Words Dispatch
- Between 17:15 and 19:45 on November 21, 2024, the "Sui" mainnet experienced a complete network outage. All validators fell into a crash loop, preventing any transactions from being processed. The Sui network experienced its first network failure due to a bug in the congestion control code.
- The "USUAL" airdrop allocation query will go live in early December, with airdrops and all USUAL rewards accumulated since the end of the Pills event available for collection in mid-December.
- SG Forge, a subsidiary of Société Générale in France, announced plans to launch its euro stablecoin EURCV on the "XRP" Ledger (XRPL).
- The "RWA" Layer 1 MANTRA will open GenDrop claims, requiring users to cross-chain "OM" to the MANTRA chain to receive rewards.
- Coinbase Assets tweeted that it will add support for FLOKI "FLOKI" on the Ethereum network.
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