Crypto Markets React to $600M Axie Infinity Exploit
Crypto Markets React to $600M Axie Infinity Exploit
Charlotte Principato, Morning Consult financial services analyst, discusses the current state of the crypto markets following the $625 million exploit of Axie Infinity’s Ronin...
Crypto Markets React to $600M Axie Infinity Exploit

Axies from the play-to-earn game Axie Infinity (Axie Infinity)
Sky Mavis Pledges to Reimburse Players Following Axie Infinity Hack
The company behind the popular play-to-earn game made the promise after a $625 million hack.
Axies from the play-to-earn game Axie Infinity (Axie Infinity)

(Markus Winkler/Unsplash)
So You’ve Stolen $600M. Now What?
After one of the largest exploits in DeFi history, the hacker of Axie’s Ronin network has limited options.
(Markus Winkler/Unsplash)

(CoinDesk archives)
Binance Suspends Deposits and Withdrawals on Ronin Network After Hack
Gaming-focused Ronin on Tuesday disclosed a loss of more than $625 million in USDC and ether.
(CoinDesk archives)

The home of Axie Infinity has suffered a major exploit. (Sky Mavis)
Axie Infinity’s Ronin Network Suffers $625M Exploit
It may be the largest exploit in DeFi history.
The home of Axie Infinity has suffered a major exploit. (Sky Mavis)

Manila, Philippines. (Alexes Gerard/Unsplash)
GameFi Is a New Game for Southeast Asia Players
Economic conditions and widespread digital adoption have created a foundation for the region to become the global capital of the play-to-earn model.
Manila, Philippines. (Alexes Gerard/Unsplash)

(Nik Korba/Unsplash)
The Game Is On: The Hunt for Web 3 Gaming Models
GameFi will be bigger than just Axie Infinity.
(Nik Korba/Unsplash)

Axie Infinity Breaks $4B; China’s Brewing Metaverse Frenzy
Axie Infinity Breaks $4B; China’s Brewing Metaverse Frenzy
Axie Infinity NFT sales first to pass $4 billion mark. Chinese companies file over 16,000 metaverse trademark applications. Solana joins crypto market slide. We’ll have more o...
Axie Infinity Breaks $4B; China’s Brewing Metaverse Frenzy

Bitcoin briefly dipped below $37,300, according to CoinDesk data.
Bitcoin Stabilizes After Dipping to 2-Week Low of $37K
The cryptocurrency last traded at $37,000 two weeks ago, on Feb. 4.
Bitcoin briefly dipped below $37,300, according to CoinDesk data.

The play-to-earn phenomenon (CoinDesk archives)
Animoca Brands and Brinc Launch $30M Guild Program for Play-to-Earn Ecosystems
The effort is aimed at enabling users globally to generate income from play-to-earn games via crypto gaming guilds.
The play-to-earn phenomenon (CoinDesk archives)