Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
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Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
Bitcoin
As long as BTC is trading above $91k, there is no need to panic.
Chinese m1 money supply ๐Ÿš€
M1 is highly liquid money, while M2 adds savings and deposits. Both help assess economic health and inflation.
Somebody just deposited $500M into Bybit.
Bybit hacker burned 15,000 ETH worth $42.37 million ๐Ÿ”ฅ
Your Crypto Guy ๐Ÿ‡ฎ๐Ÿ‡ณ
Bybit hacker burned 15,000 ETH worth $42.37 million ๐Ÿ”ฅ
Mantleโ€™s mETH Protocol Recovery Claim:
Some reports claim that Mantle mETH protocol recovered the stolen 15,000 cmETH tokens. However, the on chain data shows that the hacker burned these tokens instead of returning them to Mantle.
What Does Burning cmETH Mean?
If the hacker intentionally burned the tokens, they are permanently lost and cannot be recovered. But If Mantle has a mechanism to remint or reissue the burned cmETH, then they could still claim recovery in some sense.