Aerodrome Finance Hit by 'Front-End' Attack, Users Urged to Avoid Main Domain

Bitcoin's recent price drop has brought Michael Saylor's company, Strategy, to a near breakeven point, raising concerns about its financial stability as it navigates a volatile market. The company has made significant investments in Bitcoin, including a recent purchase of 8,178 BTC for approximately $835 million, despite the cryptocurrency's declining value.

XRP has experienced a significant decline, dropping to $1.81, its lowest price since April, as Bitcoin's weakness continues to exert downward pressure on altcoins. Technical indicators suggest that XRP is oversold, but a recovery requires a break above the $1.96 level to reverse the current trend.

Institutional investors in Bitcoin (BTC) are considering bitcoin-native yield, collateral, and liquidity opportunities as potential strategic shifts amidst increasing pressure on decentralized autonomous organizations (DATs). This exploration could lead to new avenues for investment and risk management in the cryptocurrency space.

Coinbase has announced plans to introduce 24/7 trading for various altcoins, including SHIB, Bitcoin Cash, and Dogecoin, alongside U.S. perpetual-style futures that will settle on a five-year expiry. This move is part of Coinbase's strategy to enhance its trading offerings and attract a broader user base.

A hobbyist miner has achieved a remarkable feat by winning a Bitcoin block worth approximately $265,000, despite controlling only 0.0000007% of the total network hashpower, which recently reached a record 855.7 exahashes per second. This victory highlights the unpredictable nature of cryptocurrency mining, where even those with minimal resources can achieve significant success.

A recent report highlights a liquidity crisis in the decentralized finance (DeFi) sector, revealing that $12 billion in liquidity remains idle, with 95% of capital going unused. This inefficiency has led to significant losses for retail liquidity providers, with half of them experiencing financial setbacks due to impermanent loss, resulting in net deficits exceeding $60 million.

The recent trend of corporate Bitcoin treasuries is shifting from a HODL strategy to more active management approaches, including yield generation, hedging, and share buybacks, as firms face significant net asset value (NAV) discounts. Analysts suggest that this transition is necessary for companies to differentiate themselves in a challenging market environment.

The Bitcoin Greed & Fear Index has dropped to 11, indicating extreme fear in the market, which may suggest a tactical low is approaching. This decline follows Bitcoin's price drop to around $81,000, marking a significant downturn from its previous highs and reflecting a broader bearish trend in the cryptocurrency market.