Market Moves: Some analysts are taking the possibility of an Ethereum fork seriously as BitMEX issued a blog post arguing that a new chain might generate interest from market participants.
“The hack will definitely cast a shadow over Solana’s credibility as a better alternative to Ethereum, especially when it comes to security,” Mikkel Morch, executive director of ARK36, a digital asset fund, wrote in an email. “It may even give Ethereum some additional boost from the narrative perspective as the safest and most reliable DeFi (decentralized finance) ecosystem.”
Earlier in the week, the cryptocurrency bridge Nomad suffered a $200 million exploit. Since that breach, blockchain security company PeckShield said $9 million has been returned, equating to around 4.75% of the total loss.
In other news, Ethereum developers addressed a potential glitch ahead of the Merge in the 92nd Consensus Layer Call. One researcher said that the chance of such a glitch (an MEV-boost failure) is slim, but...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...