• Floki (FLOKI) made a 335% surge in the last month, entering into the TOP 100.
• Whales on Binance Smart Chain (BSC) are actively accumulating FLOKI and Shiba Inu (SHIB).
• KuCoin and OKX have listed FLOKI against several currencies, resulting in a 62% boost after Elon Musk’s tweet.

Floki Surges 335% to Enter TOP 100

The Viking-themed memecoin Floki skyrocketed by 335% over the past month, climbing into the TOP 100 list of cryptocurrencies. Both whales on Binance Smart Chain (BSC) and Ethereum (ETH) are ardently accumulating FLOKI and its rival canine coin Shiba Inu (SHIB).

Floki Listing Boosts Price by 62%

Two major crypto exchanges based in Seychelles have recently accepted Floki – KuCoin and OKX. KuCoin is currently trading FLOKI against USDT (Tether) and USDC (USD Coin), while OKX offers savings, perpetual, and futures for trading with Floki as well. After these listings, the price of Floki surged 62%, following an even greater 335% bull run for the past month. Furthermore, at the time of publication, Floki has reached 44,000 holders on both BSC & ETH combined.

Elon Musk’s Tweet Influences Floki Price

The most influential boost for Floki came from Elon Musk’s satirical tweet that declared Shiba Inu mascot dog as Twitter’s new CEO. This gave a great advantage to all three dog-themed tokens: Dogecoin (DOGE), Shiba Inu (SHIB), and especially Floki – which was named explicitly in the contract visible in Tesla CEO’s post. As a result of this announcement, when combined with its recent listings, Floki soared up to secure #99 spot among global market cap leaders overnight.

Whales Double Down on SHIB & FLOKI

Despite a slight market correction sending FLOKI down 10%, it is back to winning with 8.1% gains within 24 hours since then. However, compared to Ethereum whales who favor SHIB more than any other cryptos they hold – including Dogecoin – BSC whales are actively racking up their positions with FLOKI more than anything else on their portfolios among TOP 1K tokens listed there; even surpassing Polygon (MATIC), Filecoin (FIL), DOGE or SHIB itself.

Conclusion

The market surge of memecoins such as Dogecoin or Shiba Inu has been around for some time now but none can compare to this month’s impressive performance of the newcomer – Viking-inspired doggo token called ‘Floki’ which made its way into top 10 rankings due to huge demand from investors across both major chains – BSC & ETH – putting it ahead of MATIC & FIL as well as DOGE & SHIB itself thus far!

Lido DAO Proposes Selling or Staking Its $30M in ETH

• Lido DAO is a governing body behind the largest Ethereum staking provider.
• It proposes to sell or stake its 20,304 ETH (worth around $30 million) currently held in the treasury.
• If Lido DAO decides to sell the ETH, it will be used to secure additional runway in current market conditions.

Current Situation of Lido DAO

Lido DAO (LDO), the governing body behind the largest Ethereum staking provider, is considering what to do with its treasury ether ahead of Shanghai upgrade which will enable ETH staking withdrawals. On February 14, Steakhouse Financial, the branch responsible for managing the treasury proposed three plans concerning their 20,304 ETH and surplus stETH holdings. The 20,304 ETH is worth around $30 million and if sold for a stablecoin, would provide additional funds to secure runway in current market conditions. The DAO also holds $20.1 million in DAI and has a monthly run rate of $1.3-$1.5 million. As an alternative option, Lido DAO might decide to sell part of their ETH and stake what’s left instead.

ENS DAO Proposal

Ethereum Name Service (ENS) DAO recently passed a proposal to sell 10,000 ETH ($13 million). This was done as they wanted to decrease their exposure to ETH which had made up almost 100% of their treasury holdings at that time.

Voting on Proposals yet To Start

The voting on these proposals has not started yet as Lido continues assessing various options regarding what should be done with their treasury holdings before Shanghai upgrade releases staking withdrawals feature.

Conclusion

As users may find it interesting how Lido manages its treasury and adjusts itself according to current environment in crypto world; this article provides information about how one can make use of selling/staking decisions for betterment of overall financial situation for oneself or organization alike .

• CoW Swap, a decentralized exchange (DEX), was the latest victim of a DeFi exploit with the hacker stealing over $180,000 worth of crypto.
• The hacker exploited a smart contract in the “solvers competition” of CoW Swap.
• Despite the exploit, CoW Swap says neither the protocol nor its users suffered any loss as they did not hold user funds and solver’s bond will pay for all damages.

Exploit on CoW Swap DEX

CoW Swap, a decentralized exchange (DEX), has become the latest DeFi protocol to be exploited after a hacker drained a settlement contract containing its protocol fees, looting over $180,000 worth of crypto.

Details of Exploit

The exploit which happened yesterday was first spotted by an on-chain sleuth MevRefund and confirmed by the CoW Swap team. According to CoW swap, the hacker exploited „an external solver and used it to drain the settlement contract, which held seven days‘ worth of protocol fees.“ The blockchain analytical firm Nansen reported that roughly $180,000 was stolen by consolidating funds into two wallets containing $123,000 DAI, $50,000 BNB, and $7400 ETH.

No Losses for Protocol or Users

Despite confirming the exploit happened in their system ,the team noted that none of its users were affected as they didn’t hold user funds . The team also noted that no funds were stolen from the protocol during this exploit . While over $180k was confirmed stolen ,the Cow swap team explained that solver’s bond would pay for all damages meaning no direct loss to their protocol.

How Was It Exploited?

Cow swap engages in a so-called “solver competition” where external parties compete to find best execution route for their user’s transactions .The team said exploiter entered this competition 10 days ago . By exploiting smart contract they allowed anyone to transfer from settlement contract & tricked GPv2Settlement contract to approve SwapGuard for DAI spending and returned back to trigger SwapGuard & transfer DAI from GPv2Settlement contract .

Conclusion

This is another incident highlighting vulnerabilities present in DeFi protocols & need for extra security measures even if these protocols say they are secure . We can only hope more such incidents don’t occur and developers continue making sure their protocols remain secure from hackers.