Bitcoin, currently $58,946, rose 3.64 percent over the last day. Ethereum also surged 6 percent to trade at $4,333, while Solana followed suit with an 11.68 percent rise, trading at $220. Memecoins DOGE and SHIB also jumped significantly, with a rise of 6 percent and 12 percent, respectively, on a 24-hour basis.
On the DeFi front, a new report by risk management firm Elliptic revealed that DeFi users had lost almost $10.5 billion to theft and fraud this year and almost $12 billion over the last 2 years, with the majority of these transactions undertaken on Ethereum.
While addressing a conference recently, Former Democratic Presidential candidate Hillary also expressed concerns regarding how cryptocurrency could potentially destabilize
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