Aerodrome Finance Suffers Major Crypto Hack: Is AERO Crypto SAFU?

Federal Reserve Governor Christopher Waller has expressed support for a potential interest rate cut in December, as the crypto market anticipates significant fluctuations in response to changing economic conditions. Current odds for a rate cut remain below 70%, but Waller's advocacy highlights concerns about the labor market, which aligns with the Fed's dual mandate of maximizing employment and stabilizing prices.

South Korea's Financial Intelligence Unit (FIU) is preparing to impose sanctions on cryptocurrency exchanges that fail to comply with anti-money laundering (AML) regulations. This decision underscores the government's commitment to maintaining the integrity of its financial system amidst growing concerns over compliance failures in the crypto sector.

Hedera crypto has gained attention at COP30, where it announced its partnership with Wyoming's stablecoin initiative, despite the HBAR price experiencing a 19% decline over the past week. This development highlights Hedera's efforts to establish itself in the competitive cryptocurrency market while navigating recent volatility.

India is set to launch a rupee-backed stablecoin, marking a significant shift in its approach to digital currencies, diverging from the Reserve Bank of India's cautious stance on cryptocurrencies. This development is part of a broader trend in Asia as countries adapt their regulatory frameworks to accommodate the growing influence of digital assets.

Bitcoin (BTC) has seen a significant drop, retesting the $85,000 level after fluctuating between $83,540 and $84,000, while Ethereum (ETH) is consolidating above $2,700. The overall cryptocurrency market is experiencing a downturn, with major coins struggling to maintain their values.

Aerodrome Finance has been targeted by a 'front-end' attack, prompting the company to advise users to steer clear of its main domain. Although the underlying smart contracts remain secure, the attack has raised concerns about the safety of accessing the platform through compromised domains.