Ripple, Abracadabra & Dogecoin – American Wrap 30 January

Ripple (XRP) price continues to harm investors as overhead pressure continues to accumulate. It comes despite recent developments in the ecosystem, where XRP validators have shown commitment to adopt Rippled version 2.0.1 of the XRPLedger update. 

Abracadabra Finance, a DeFi lending and borrowing protocol, acknowledged in a recent tweet that its Ethereum cauldrons have been hit by an exploit. Blockchain security firm PeckShield estimates that the exploit resulted in a loss of $6.49 million. 

PeckShield’s experts identified details pertaining to the exploit; the attacker funded it with 1 Ether from Tornado Cash and resulted in the biggest depeg in MIM stablecoin since the USD-pegged asset’s inception. 


Dogecoin network has observed a surge in Daily Active Addresses and New Addresses. On January 29, new DOGE addresses hit an all-time high of 247,240, according to data from IntoTheBlock. 

DOGE price climbed to $0.8215 on Tuesday.