Analysis of $700k oracle manipulation exploit highlights vulnerabilities in DeFi vaults

Tracy Jin, the chief operating officer at the MEXC crypto exchange, warns that tokenizing real-world assets (RWAs) carries a substantial amount of centralized risks that can lead to censorship, liquidity issues, legal uncertainty, cybersecurity problems, and asset confiscation through state or third-party intermediaries.

In an interview with Cointelegraph, the executive said that as long as tokenized assets remain under the purview of state regulators and centralized intermediaries, then "tokenization will simply be a new version of old financial infrastructure and not a financial revolution." Jin added:

"If the property or company behind the token is local, in a country with an unstable legal environment or high political volatility, the risk of confiscation increases," the executive continued.

RWA tokenization is projected to become a multi-trillion sector in the next decade as the world's assets come onchain, which will increase the velocity of money and extend the reach of capital markets worldwide.

Bitcoin’s price was rejected this week, showcasing the insufficient bullish momentum in the market.

Nevertheless, the asset faces a substantial support range at the $80K mark, which is expected to hold the price in the short term.Technical Analysis

By ShayanThe Daily Chart

Bitcoin has recently experienced a notable rejection after briefly breaking above the 100-day MA, signaling a false breakout and insufficient bullish momentum. This failure to break through reinforces the prevailing bearish sentiment in the market.

Nevertheless, BTC is approaching a substantial support range, including the psychological $80K level and the 0.5 ($84K) – 0.618 ($78K) Fibonacci retracement zone. This crucial region is expected to act as a support zone, potentially leading to a new consolidation phase around the $80K mark.

Given these conditions, Bitcoin is likely to continue its decline toward $80K in the short term, where price action will determine the next significant move.

Ripple recently faced rejection at the 100-day MA of $2.5, leading to a substantial decline.

However, the price is now approaching a confluence of key support zones, increasing the likelihood of consolidation in the mid-term.XRP Analysis

By ShayanThe Daily Chart

XRP recently encountered heightened selling pressure at the critical 100-day moving average ($2.5), leading to a rejection and subsequent price retracement. However, the asset has now reached a significant support zone, which includes:

• The 0.5 Fibonacci retracement level ($1.9)
• The 200-day moving average ($1.7)
• The expanding wedge’s lower boundary

This confluence of key support levels suggests strong demand in this price range, likely preventing further downward movement. Given these conditions, XRP is expected to approach this support range and enter a consolidation phase in the mid-term.

F2Pool co-founder Chun Wang will be part of the four-passanger crew that will travel into space on Monday. 

The four-day mission, which has been dubbed "Fram2," will be a historic one. This will be the very first human spaceflight to fly over and explore the Earth's poles. 

Fram 2 has been funded by Wang, who has accumulated vast wealth because of his early involvement in the cryptocurrency industry. The Chinese-born entrepreneur, who is currently a citizen of Malta, personally mined thousands of Bitcoins within two years during the cryptocurrency's early days. It is not clear how much Wang shelled out for the historic crewed mission. 

The four first-time astronauts will travel aboard SpaceX's Crew Dragon capsule that will lift off from Florida at 9:46 p.m. ET. The hardware appeared on the launch pad earlier this week. 

The mission is expected to last from three to four days. Its goal is to make it less challenging for humans to engage in long-range space exploration. The crew will conduct some important research, which includes capturing the very first medical X-ray of the human body in space in order to gain a better understanding of how microgravity affects bone density. It will also attempt to grow mushrooms in space for the very first time. Overall, the crew will conduct more than 20 exciting science experiments. 

Wang is known as an avid globetrotter who has already visited more than 130 countries. Now, he is set to become the first Maltese astronaut in history. 

The listing of AB on Weex, traded against USDT, is a significant step for the cryptoasset, as it increases access to a larger audience of traders and investors. Listings often lead to increased liquidity and can spur price movement as new participants enter the market. The airdrop announcement promising up to 10,000 USDT in $AB further incentivizes trader engagement, potentially leading to volatility. However, as with all new listings, the impact will depend on trader interest and market conditions in the coming weeks. source

The Farcaster airdrop of $HUNT to around 1,800 users is an opportunity for broader distribution and increased visibility of the token. Airdrops often create community buzz and can drive the price upwards as recipients might buy additional tokens or push the momentum through discussions. Given this distribution is based on user activity, it encourages engagement, potentially increasing on-chain activity and attention towards $HUNT. Traders might anticipate price movements from the announcement, but long-term impact depends on user retention and the platform's ongoing growth. source