Sorry for the late newsletter today!

Here is the outline of the newsletter.🔥

• 💳 Atomic Wallet breach costed users $35 million.

• 🏦 CBDC’s are not that popular.

• 🪙 LUNC comeback?

Atomic Wallet breach costed users $35 million.

In a weekend breach, Atomic Wallet experienced a security incident that led to the theft of nearly $35 million worth of various tokens.

The impacted users, who accounted for "less than 1%" of Atomic Wallet's monthly active user base, were affected by the breach.

The stolen tokens include popular cryptocurrencies such as:

• Bitcoin

• Ethereum

• USDT

• Dogecoin

• Litecoin

• BNB

• Polygon

Among these, Tron-based USDT appeared to be the largest stash stolen based on on-chain analytics.

The last drained transaction was recorded on Saturday, and Atomic Wallet is currently investigating and analysing the attack. However, specific details about the breach have not been released as of Monday.

To aid in their investigations, Atomic Wallet has requested affected users to submit relevant information through a Google Docs form. Some users reported that their crypto was stolen after a recent software update, while others were impacted without having updated their wallets.

Concerned users reached out to Atomic Wallet's official Telegram channel, highlighting the gravity of the situation and seeking support.

This makes a lot of users feel unsafe whilst using wallets like Atomic Wallet. There is a good reason to always own your own keys to your wallet in Web3.

CBDC’s are not that popular.

According to a recent survey, only 16% of Americans expressed support for the implementation of a Central Bank Digital Currency (CBDC), while 34% opposed it.

The survey revealed that Democrats generally favoured a digital dollar more than Republicans.

Interestingly, the study indicated that only 28% of the respondents were familiar with the concept of CBDCs, highlighting a lack of awareness among the general population.

In a notable development, Ron DeSantis, the Governor of Florida, has banned CBDCs in the state, and it is possible that other states may follow suit in the future.

CBDCs have faced criticism from whistleblowers and presidential candidates from both major political parties. Republicans were found to be more knowledgeable about CBDCs and more likely to oppose their implementation compared to Democrats.

The concerns surrounding CBDCs primarily revolve around issues such as financial surveillance, government control, and the potential misuse of funds.

Democrats who support CBDCs often cite the reduced risk of money laundering and fraud, while Republicans focus on ensuring that welfare payments are spent appropriately.

The survey also indicated that only 22% of Americans would be likely to use a CBDC if it were offered. Many respondents appeared undecided about CBDCs, expressing wariness after considering the potential costs and benefits associated with their implementation.

LUNC comeback?

Terra Classic (LUNC) has witnessed a significant surge in value, experiencing a remarkable 28.59% gain over the past 24 hours.

This surge has resulted in LUNC attaining a market capitalisation of $635.9 million.

The surge in LUNC's value is primarily attributed to increased buying pressure from investors.

As a result, LUNC has emerged as one of the top cryptocurrencies in terms of trading volume on Binance's spot market, indicating growing interest and participation in the asset.

The rise in LUNC's value can be attributed to the anticipation surrounding the v2.1.0 upgrade proposal. This proposal aims to align Terra Classic with other blockchain networks and enhance its capabilities, further improving its utility and appeal to investors.

Additionally, the LUNC community has been actively engaged in various initiatives, such as burning excess tokens.

These initiatives contribute to the overall utility and support for the network, garnering attention and recognition from entities like Binance.

✨Bonus News✨

• Russia and Ukraine drama. One is claiming something, whilst the other says they are lies.

• India’s railway disaster. This is the worst one yet with 275 casualties.

• China tightens security at Tiananmen Square. Dozens were arrested during the protest.

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.