Market Bullish 🚀+ Good News

31 May 2022
As I told in Earlier Post market gonna bullish 🚀🚀🚀🚀 and it's happening

🔼 Finally, Bitcoin moved from 30k to 31k for the first time in 2 weeks.

▶️ In the past 24 hours, 82,989 traders were liquidated, the total liquidations come in at $253.31 million.

🚨 $90 million Defi exploit on Terra went unnoticed for seven months

◾DeFi application Mirror Protocol faces a $90 million exploit on the old Terra blockchain and it went completely unnoticed for seven months. 

◾The hack happened due to a buggy code that allows users to withdraw funds without any authorization.

◾An unknown entity took advantage of it by using a list of duplicate IDs to repeatedly unlock hundreds of times more collateral than they had. 

➡️Good News  
➡️ 💥 Singapore launches a digital-asset initiative "Project Guardian"

◾️Singapore started a project to investigate potential uses of asset tokenization as the city-state looks to establish itself as a hub for decentralized finance after several key crypto players left.

◾️The project named, "Project Guardian" is launched by the collaborative efforts of The Monetary Authority of Singapore (MAS) and the finance industry.

◾️This project will test the feasibility of applications in asset tokenization and decentralized finance (DeFi) while working to manage risks to financial stability and integrity.

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