Daily Digest 8/30

Cream has been hacked for the second time in the last 6 months.

• This hacker made off with 418,311,571 in AMP and 1,308 in ETH which is over $18 million.

• A bug in the code allowed the hacker to re-borrow assets during its transfer before updating the first borrow.

• Cream is actively monitoring the flagged address.

DeFi tool Cream finance was hit for $18 million

• The CFO of Blockchain.com said in an interview with Forbes that they are considering going public in the next year or so.

• Blockchain.com has recently surpassed $1 trillion in transactions thanks to institutional adoption from the platforms new brokerage and exchange business.

• After receiving $300 million in funding back in March and another $120 million in February the company was valued at $5.2 Billion.

After passing $1 Trillion in crypto transactions, Blockchain.com CFO hints at going public in 2023

• ETH fees are starting to get out of control again and this comes despite the London hard fork which was supposed to lower the fees.

• This can be because the NFT market continues to rise and it costs a significant amount of gas to mint.

• Gas fees are up over 200% in the past week.

• This has also resulted in a spike of the “ETH killers” like Cardano and Solana because they have lower gas fees to complete any kind of transactions.

Bitcoin dominance is slowly dropping as strong alts such as Solana, Cardano, and Avalanche have huge months.