Ronin Coin has experienced a number of significant events recently. In a series of dramatic developments, the
Ronin bridge was paused and restarted after $12M was drained in a whitehat hack. This incident saw the
Ronin Network being exploited for $9.8M in ETH, with a white hat hacker suspected. Notably, the Ronin Network managed to reclaim the
$12 Million in stolen digital assets. In the aftermath of this, a PHPC stablecoin based on the Philippine Peso made its debut in the Ronin network. Tragically, however, the Ronin Network fell victim to another exploit and lost over $11M. Despite this, gaming blockchain Ronin managed to record 2M daily active users, according to Token Terminal. Amidst the cybersecurity setbacks, Ronin has also confirmed a strategic partnership with Polygon, integrated the Philippines' first regulated stablecoin PHPC and saw a resurgence in its blockchain, fuelled by its crypto game 'Pixels'. A significant boost to Ronin's standing came as it reached a $1 billion market cap following its listing on
Coinbase, reflecting strong confidence in the crypto asset. However, a new ICO making cloud mining more accessible saw RON price drop, raising concerns about a potential crash. Despite setbacks, Ronin has shown resilience and continues to innovate, notably commencing its Layer 2 journey with the launch of its zkEVM Testnet.
RONIN Coin News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Wed, 07 Aug 2024 15:30:11 GMT -
Rating -2
- Innovation 5
- Information 6
- Rumor -5
