CertiK Earns $500,000 Bounty for Uncovering Critical Blockchain Vulnerability

Elon Musk's remarks on Twitter bot account trigger a major price drop for memecoin BOB ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.07T (+0.76%) 24 Hour Volume $29.09B (+44.92%) Notable Movers[(OP) $1.16]( (+5.85%) Notable Movers (DeFi)[(STX) $0.6302]( (+10.66%) Bitcoin Dominance 48.43% [(+0.31%)]( Bitcoin Price[(BTC) $26,772.29 (+1.47%)]( Ethereum Price[(ETH) $1,729.53 (+0.39%)]( Cardano Price[(ADA) $0.2588 (-0.11%)]( Today’s Top Stories [Terraform Labs Founder Do Kwon Sentenced to Four Months Jail]( Terraform Labs founder Do Kwon has been sentenced to four months in prison by a Montenegro court for using a false passport, and he will remain in custody as extradition requests from South Korea and the United States are pending. Kwon denied making financial donations to Montenegro's former finance minister and claimed ignorance of the passport's alleged forgery. [CertiK Discovers “HamsterWheel” Sui Bug, Receives $500,000 in Bounty]( CertiK, a blockchain security firm, has received a $500,000 bounty from Sui for identifying and reporting a critical vulnerability called "HamsterWheel" before Sui's mainnet launch. The vulnerability could potentially disrupt blockchain networks, but Sui promptly addressed the issue. [UK Set To Pass Cryptocurrency and Stablecoin Law]( The Financial Services and Markets Bill (FSMB), a comprehensive legislation in the UK, is nearing its final stages in the parliamentary process. The bill includes proposals to regulate stablecoins and crypto activities, aligning with the country's goal to become a global hub for cryptoasset technology. [BNB Chain Launches Layer-2 Chain Based on OP Stack]( BNB Chain has introduced the opBNB testnet, an Ethereum Virtual Machine (EVM)-compatible blockchain that aims to enhance scalability and reduce transaction costs compared to BNB Chain and Ethereum. This layer 2 blockchain offers developers a platform to test applications and tools before their deployment on the mainnet. [Memecoin BOB Tanks After Elon Musk Calls Twitter Bot Account a Scam]( Following the suspension of the popular Twitter bot @ExplainThisBob, memecoin BOB experienced a significant price decline of up to 45% after Elon Musk labeled the account a "scam," causing traders to react and leading to a decreased market capitalization. [Read The Full Newsletter]( [Week in DeFi: EigenLayer Mainnet Launch, Uniswap V4 and Polygon 2.0]( Week in DeFi: EigenLayer Mainnet Launch, Uniswap V4 and Polygon 2.0 Major announcements from EigenLayer, Uniswap, Polygon, Frax Finance and more — while a few protocol suffered exploits. Check out the latest DeFi news and alpha here! [Read More]( [How To Recover Your Seed Phrases? Alternatives to Ledger’s Recover Service]( How To Recover Your Seed Phrases? Alternatives to Ledger’s Recover Service Ledger Recover isn't new to the seed recovery game. Although different in their ways, the crypto space already has a few solutions that offer funds recovery in case of mishaps. [Read More]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States