1inch Network presyo1INCH

U.S. Treasury Secretary Scott Bessent's call for a proactive U.S. stance on Bitcoin and cryptocurrency dominance comes at a crucial moment as the cryptocurrency market continues to navigate through volatility and uncertainty. The encouragement from government officials for the U.S. to take the lead in global adoption signals a more favorable regulatory environment, which could drastically affect the market sentiment towards cryptocurrencies. In contrast, previous news highlighted potential security vulnerabilities and market downturns, including the significant hack on the 1inch platform, which resulted in the loss of over $5 million. Such incidents may cause cautiousness among investors but do not overshadow the positively charged attitude projected by officials like Secretary Bessent. Moreover, President Trump's establishment of a Strategic Bitcoin Reserve and government initiatives hint at institutional acceptance and a movement toward recognizing Bitcoin as a pivotal financial asset. These steps could reinforce investor confidence, especially as many analysts are looking to the regulatory framework that is likely to shape the crypto landscape in coming years. While some analysts warn of potential price drops (e.g., BTC jeopardy amidst bearish market predictions), the atmosphere seems to lean towards positivity due to these proactive governmental measures. Considering these dynamics, the news of U.S. officials advocating for Bitcoin’s dominance appears to counterbalance past negative sentiments from hacking incidents and warnings about possible price declines. If implemented effectively, this could establish a strong foundation for further growth and acceptance of cryptocurrencies, leading to a bullish market outlook.

According to Decurity’s postmortem report, after negotiations with the hacker, most of the $5 million stolen from 1inch has been returned, with the hacker keeping a portion as a bug bounty. The attack was caused by a vulnerability in the Fusion v1 smart contract, primarily…

According to SlowMist, suspicious transactions related to 1inch were discovered on March 5. Hackers exploited a vulnerability in the old smart contract of Fusion v1, resulting in a loss of more than 2.4 million USDC and 1,276 WETH, with a total of more than 5 million US dollars.…

CoW Swap doubles market share amid 1inch decline, shifting DEX landscape As of Feb. 1, CoW Swap has secured 28% of the DEX aggregator market share, nearly doubling from 15% a year ago, according to The Block. In contrast, market leader 1inch has seen its share decrease to 29% from 56% over the same period, indicating a shift as protocols such as Kyber and Bebop start to capture more of the market.

CoW Swap surges to 26% market share, challenging 1inch for DEX aggregator dominance