Cryptocurrency Security - Industry advises users to withdraw cryptocurrency from centralized exchanges [1]

Market Trends & Cryptocurrency Dynamics - BNB's price surged to record levels, surpassing approximately $1300 USD and exceeding XRP in market capitalization [1] - Increased activity on BNB Chain is indicated by network metrics [1] - Decentralized exchanges on BNB Chain experienced elevated volume [1] - Total Value Locked (TVL) on BNB Chain has increased [1] Ecosystem & Speculation - Memecoin speculation on BNB Chain intensifies interest in BNB [2] - A reinforcing cycle exists between ecosystem hype and infrastructure demand [2]

Core Insights - A cryptocurrency account linked to the "Coinbase hacker" has been actively trading, resulting in significant losses during a capitulation event in Ethereum trading [1][4] - The May 2025 data breach led to user fund transfers being tricked, with losses estimated between $180 million and $400 million [2] - On-chain analysts, including ZachXBT and Arkham Intelligence, have been tracking the activities of the alleged hacker [3] Trading Activities - The hacker's account purchased 3,976 ETH for $18.9 million at $4,756 per token on September 13, but sold it two days later for $17.98 million at $4,522 per ETH, incurring a loss of approximately $932,000 [4] - The trading is conducted on decentralized exchanges, which are designed to be censorship-resistant, allowing the hacker to operate without sanctions [6] Decentralized Trading Protocols - CoW Protocol, also known as CoW Swap, facilitates trading by allowing users to delegate trade execution to competitive algorithms that optimize exchange rates [7] - The inability to prevent the alleged hacker from trading is linked to the decentralized nature of the systems, which do not impose sanctions unless funds are moved to centralized platforms [8]

API Functionality - CoinGecko's on-chain API enables fetching real-time and historical crypto prices from over 1,600 decentralized exchanges (DEXs) [1] Industry Focus - The tutorial focuses on pulling accurate coin prices directly from decentralized exchanges (DEXs) [1]

Trading Volume - Hyperliquid 24 小时现货交易量创新高，达到 34 亿美元 [1] - Hyperliquid 的 BTC 现货交易量达到 15 亿美元，成为第二大 BTC 现货交易场所（包括中心化和去中心化交易所） [1] Platform Growth - Hyperliquid 的交易量增长主要由 BTC 和 ETH 的存款和现货交易量增长驱动 [1] - Hyperliquid 的交易量增长得益于 @hyperunit 的推动 [1]

Exchange Landscape - Centralized exchanges facilitate mass adoption [1] - Decentralized exchanges prioritize user sovereignty [1] Investment Considerations - The industry advises a careful choice between centralized and decentralized exchanges based on user needs [1]