According to Odaily, the DEXX attacker is actively consolidating stolen funds on the Solana blockchain. These funds are being gathered into a central address before being split and laundered. Some of these assets are now being transferred to Ethereum using the Wormhole cross-chain service, with the destination address beginning with 0xffe224e. The movement of these funds highlights the ongoing challenges in tracking and recovering stolen cryptocurrency assets. The use of cross-chain services like Wormhole complicates efforts to trace the flow of illicit funds, as they allow for seamless transfers between different blockchain networks. This development underscores the need for enhanced security measures and monitoring systems within the cryptocurrency ecosystem to prevent such incidents and facilitate the recovery of stolen assets. The incident serves as a reminder of the vulnerabilities present in decentralized finance platforms and the importance of robust security protocols. As the investigation continues, stakeholders in the cryptocurrency community are urged to remain vigilant and proactive in safeguarding their assets against potential threats.

SlowMist Yuxian published a post on X to confirm that the DEXX attackers are collecting the scattered stolen funds on Solana and splitting them out from the collection address. Some of them have begun to use the Wormhole cross-chain service to transfer assets to the Ethereum address starting with 0xffe224e.

According to Farside Investors data, Grayscale GBTC had a net outflow of $94.3 million yesterday, and BTC had a net inflow of $55.7 million. In addition, Grayscale ETHE had a net outflow of $6.2 million, and ETH had a net inflow of $8.8 million.

According to Coinglass data, the entire network has been liquidated for $450 million in the past 24 hours, of which long orders have been liquidated for $255 million and short orders have been liquidated for $195 million. BTC liquidated for $80.5695 million and ETH liquidated for $67.2655 million.

According to Odaily, Federal Reserve official Mary Daly has stated that there is no need for haste in adjusting monetary policies. Daly emphasized the importance of careful calibration of policies, indicating that a decision will be made at the December meeting. She highlighted the significant work still required to achieve a 2% inflation rate and sustained economic growth. Inflation remains the primary challenge facing individuals, underscoring the need for strategic and measured policy actions to address these economic concerns. The Federal Reserve continues to focus on balancing inflation control with fostering long-term economic stability, reflecting the complexities of the current economic landscape. Daly's comments suggest a cautious approach as the Federal Reserve navigates these challenges, aiming to ensure both inflation targets and economic growth objectives are met effectively.

Fed's Daly said that we don't need to rush, we need to adjust our policies carefully. We will wait until the December meeting to make our own decisions. We still have a lot of work to do to achieve 2% inflation and lasting economic growth. Inflation remains the number one challenge facing people. (Jinshi)

GraFun Labs announced that its “legendary memepad” is now live on the TON blockchain. The announcement comes days after the platform integrated Ethereum and other blockchains. This represents a notable step toward developing meme coins on TON. Although meme coins are surging across the crypto industry, the TON ecosystem is somewhat underrepresented. GraFun Integrates TON DWF Labs boosted... source: https://beincrypto.com/grafun-labs-memepad-ton-blockchain-launch/

On Dec 04, 2024, 23:33 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 99,000 USDT benchmark and is now trading at 99,000 USDT, with a narrowed 3.18% increase in 24 hours.

A wallet linked to the United States government has transferred over 54 billion Shiba Inu (SHIB) tokens to a newly created wallet. Popular blockchain analytics platform Arkham Intelligence indexed the transaction on December 3. Announcing the move on X, Arkham stated: “ALERT: US GOVERNMENT MOVING $1.5 MILLION OF SHIBA INU.” Specifically, the US government transferred 54,897,092,549 SHIB tokens... source: https://www.newsbtc.com/shiba-inu/us-govt-54-9-billion-shiba-inu-shib-explode-130/

Coinbase added meme coins Gigachad (GIGA) and Turbo (TURBO) to its assets roadmap on November 4. GIGA’s valuation briefly spiked after this announcement. Coinbase has been adding multiple meme coins to its roadmap, with MOODENG and MOG added yesterday. Coinbase to Add GIGA and TURBO Coinbase, the largest US crypto exchange, has publicly maintained an assets roadmap since 2022. This roadmap... source: https://beincrypto.com/coinbase-roadmap-giga-turbo-meme/

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