Today’s cryptocurrency market saw a slight upward trend, with key assets experiencing modest gains. The global crypto market cap rose by 0.63%, reaching $2.7 trillion. Bitcoin continued its dominance, gaining 1.04% to reach $85,692.91 while Ethereum followed suit, increasing by 0.98% to hit $1,643.86 and solidify its position as the second-largest cryptocurrency. XRP surged significantly with a 15.27% weekly gain, now priced at $2.15, exceeding $125 billion in market cap. Strong trading volume for XRP suggests renewed interest and demand. Tether remained stable around $0.9998, while Solana experienced minor fluctuations. Overall trading volume decreased by 4.68%, settling at $78.57 billion, indicating a cautious market mood. 36Crypto reported that KiloEx, a new decentralized trading platform backed by YZi Labs, has been targeted in a major cross-chain hack. The incident resulted in a loss of $7 million across the BNB, Base, and Taiko chains, stemming from a vulnerability in the platform’s price oracle mechanism. Funds were transferred through Tornado Cash, making recovery challenging. KiloEx is currently suspended as the team investigates the breach, with a bug bounty program launched to encourage ethical hackers to identify potential vulnerabilities. The KILO token reacted negatively to the event, plummeting 30% and losing $3.5 million in market capitalization. This latest incident highlights the ongoing security concerns associated with multi-chain DeFi platforms. Meanwhile, smaller altcoins like FARTCOIN (8.69%), Story IP (5.94%), and KAS (5.07%) showed selective bullish trends. 36Crypto concludes that while key cryptocurrencies saw gains, market sentiment remains cautious due to the decline in trading volume and renewed concerns about DeFi security. The KiloEx exploit serves as a reminder of the need for robust safety mechanisms within cross-chain systems.