This week, we focus on the following events: 1) FTX Loses 100 Million XEN Tokens to GAS Theft Vulnerability; 2) BlockTower Putting $150M Crypto Fund to Work as Valuations Return ‘Down to Earth’; 3) SEC Chairman Says CFTC Should Get More Power to Oversee Stablecoins.
Project Analysis: In the past few days, XEN network was very popular in such a bear market. It burned 1400 ETH for the first 17 hours after it established. As a social experiment, what is the charm of it? This article will analyze the XEN Network in terms of the project mechanism