 Welcome to Digital Asset News to get top stories in crypto and bring it onto bite-sized pieces. Today, just the thumbnail suggests there was a hack. Yet again, another DeFi platform gets hacked. We're talking about how $120 million was hacked and how it all happened. Also, I'm going to take a look at Cardano or ADA just past the $20 million transaction mark without having any hiccups as far as shutdowns. Also, I'm going to take a look at a topic that we covered yesterday that I thought for sure would play out today. When I saw this, it's all about the traditional markets. I'm like, are we taking crazy pills? Then lastly, we'll talk about some good news, Amazon and their partnership with the cryptocurrency StormX. We'll get into all those things. The first thing to look at was going to market. Today is Thursday. It's a beautiful day here in Puerto Rico. This is what we have for the market. Kind of boring. I'll be honest with you. We've got a market cap of $2.62 trillion, which, remember, not too long ago, we had a market cap of $2 trillion. I was excited. Then we went past $3 trillion. Now we go back to $2.6 trillion and people are like, man, this is awful. This sucks. It is what it is. It's very pretty flat. We'll see how the month plays out. Actually, in all honesty, if you want to get some pretty good information about where the December could potentially go and how to prepare for that, we're going to do our DCA, which we do every week. For this one, it's me. It's Ben from Into the Cryptiverse, Benjamin Cowan, and James from the Best Answers. We're just going to talk about a couple of things that are going on in December, how we see things and where things could potentially go and how to prepare for that. That'll be tomorrow. That's in 21 hours from now. I'll put the link in the description so you can check it out. You can also find it on Twitter. As far as the market itself, again, very boring little bit sideways. There are some winners today, as there always is. Usually, there's some that'll pop off a little bit. We take a look. Bitcoin's at 56, almost 57. Yon, Ethereum, 4500, which is great compared to what it was. Solana in the last seven days, up 60%. 8% for today, almost hitting that 250. Cardano is up 11% for the day. That's pretty darn good for a Cardano and what they're doing. Then Polygon's up as well. 8% for Uniswap and so on and so forth. Pretty much just sideways, except for, man, Elrond took a beating. 14%. Ouchie. That's what's going on in the top part. That's all we have for the actual market. Let's just jump into today's top story because this, it seems like this happens again and again and again and again. We have a DeFi platform. We have something going out there. Not that it's rushed. Not that there's a problem. Well, there was a problem because they just lost 120 million and there's problems all over the place. This is what we have. Badger Dow protocol suffers 120 million exploit. Not to get too far on the weeds, this is what happened. On Wednesday nights, Thursday right now, an attacker drained funds from the wallets of dozens of users of the Badger Dow yield vault using malicious contract permissions. Blockchain data and security analytics company Peck Shield conclude that total loss was 2100 Bitcoin and 151 ETH. Ouchie. That's a pretty good payday for just a couple of weeks' work for those scammers. Speculation in online channels that the hack is the result of an exploit in the Badger.com user interface and not in the core protocol contract. So when we're complaining, mostly me complaining, that things aren't moving fast enough. We have to take a step back and go, you know what? There's a reason that things go a little bit slower because if we don't go just fast enough, then we start to break things. And usually the money that's lost, I can tell you right now, a lot of the money that's lost was a lot of people who put their blood, sweat, and tears into this Dow. It wasn't a bunch of people who were probably a part of the project. I'm sure they lost some money too. But the majority probably were people just like you and me. They just want to just put that in there and they have trust and it didn't work out. So in all honesty, sometimes we should just take a step back and go, you know what? Okay, it's a little bit slower. I'd like to move faster. But you know, geez, we keep hearing about hacks. And this isn't the first one. I mean, just think back of all the different DeFi hacks and just hacks in general that have happened over the last year. So in this one, I'm like, okay, I get it. So it wasn't even the protocol. It was the interface itself. So it uses report that while claiming yield farming rewards and interacting with bad revolts, they noticed their wall providers prompting spurious requests for additional permission. So they would go on there. And then of course, because the user interface scammers with thieves, what's just called thieves, thieves in the background, did something with the actual interface itself and said, oh, we want your we're going to get your data. They took their data and they ripped everybody off. And there was this one part down here. It says, though the protocol contracts are paused, community members are advising that depositors use tools like debank and UNRECT to revoke permissions. And I was like, I've never heard of this. So UNRECT, you can, it's a smart contract checker. And all you got to do is find in all the addresses you can that can spend your token. So you put the actual smart contract address in and forever, wherever it went. And you can connect and stop it, which is pretty crazy. I know you can actually do that. But that is what we have. So again, not going to beat a dead horse, but sometimes we should go a little bit slower. Speaking of slow Cardano. So Cardano passes the 20 million transaction mark without a single outage in four years. It's a pretty good record. I got to, you know, you got to give it up to him, right? So this is what's that the whole story is right there. And they just reiterate the same thing, right? Same thing. But there was this one comment from Charles Hoskinson that I found quite interesting. And he states what people don't get about Ouroboros is that it's a protocol family that already has the hard stuff figured out 2022 is about optimizing throughput transactions per second and connecting side chains. It's not theory. It's just code from pipelining to input endorsers. It's going to be a pretty fun year. So again, when we talk about things that are moving kind of slow, Cardano does that, that thing. But in all honesty, it hasn't, you know, hasn't had issues as far as like shutting down the entire chain. Now, when Nim Swap came up to try to do a decentralized exchange, running off of the Cardano blockchain did have problems because the way that it integrated the code and it looked like there was some things that weren't optimized. But the actual protocol, the blockchain that is Cardano never has shut down. There's been other ones that have and that's that I'll let you talk all about that in the comment section, some pretty big ones in the top 10. So when we take a look at what's going on, maybe it's just one of those things where it's just super slow. But I mean, it is what it is. Let me just think about that in the comments. And then let's move on to our next piece, crazy pills. And this is really getting to the crux of the roots of why I think we're into crypto. I put this out, I had tweeted this, and I said, there's a great story we talked about yesterday where CEOs and insiders, they're selling off billions of personal stock and it's up 30%. So you have Jeff Bezos and you have Elon Musk and the main players and the hierarchy of some very big businesses and they're selling off like crazy. And then the insiders that are part of those corporations are also selling off like crazy. But you have to understand when you have money printing, where does it go first? It doesn't go to you or me. I mean, stimulus package, let's suppose, if you're qualified for that. But usually what happens is that when all that money gets printed, it starts off at the top and all those people get all that money and they do whatever they want to then it filters down to us, the serfs. And then we get to do whatever we want with it. But at that point, all the buying power is all the way up here. And then of course, now that we see that the Fed is propping up bonds and traditional markets and buying up and swaps and things, I mean, they're really propping up everything. And I think the smart money knows it like we better get out and they're selling everything like crazy. And when I when I heard that, and this is the article, I'll link it as well in the comments section, but or in the description, excuse me. When I heard this, I'm like, ah, it'll go down, you know, it'll, you know, the market will figure that out. Like that's not right. Here we are today, S&P 500 almost up a point, NASDAQ up a little bit, Dow up over a point, Russell 2000 up 1.53 and the Bitcoin index down almost 2% and the US dollar index pretty much flat. Amazing. And when I look at this, I just think to myself, it's like that scene in the big short where Michael Burry, he's talking about like, well, you know, things should go down because, you know, this, this can't be correct. And and there's no way that this could happen to government. And then he finally concludes, he goes, maybe the government's just corrupt because everything should be collapsing and it's not. And the Fed is propping up everything. And it's the same type of thing here. I don't want to go down a rabbit hole, but it just seems very odd that we have this many problems. And, you know, these CEOs, which I have no problem with them selling, but they're selling like crazy. And then, you know, if you see like in the crypto market, people sell off like that, the market is collapse not collapses, but we see a dip. And of course, over here, what do we see? Mania. So I just find it odd. Let me just think about that story and where you think we're going. And then to finish up, ah, friends of the show, Simon, you and StormX, they could just land a big massive deal. And I want to say congratulations to those guys that have been around for years. I think they've been around since 2015, 2016, and they've just been grinding the whole time. So StormX, you get up to 80% crypto cashback with the StormX debit card. And just says here, hey, with our US debit card rollout, plan for Q1 2022, right on the corner, our user will be able to shop and earn up a whopping 8% on Amazon. I shop on Amazon. I also have StormX on the app. I will be using this because I like to get cashback or crypto back. Apart from being able to spend around up to 15% over 15,000 physical storms, StormX debit card users can still benefit from utilizing their debit cards while shopping online. So you can go check that out over at the StormX website. Very easy to do. If you're going to download anything, go to the official website, so I'll link it in the description. And then also, I'm going to link this as well. This was me and, man, remember the pool? Ah, the pool was great. Remember the headphones? I used to wear just headphones to do interviews. This was back in April. It was me and Simon just talking about where StormX could potentially go. It's funny. At times, just, man, they just fly by. And now here we are. So I think it's going to be big. Hopefully it works all out. And I just want to say congrats to the team over there at StormX. And that's it. So look, a little bit short today. A lot of things going on, but I want to say thanks for sticking with me. If you like today's video, give it a thumbs up. I'll consider subscribing. A lot of things we talk about are time sensitive. And that's it. And also, if you're so inclined to, join us tomorrow live for the DCA show. Links in the description. And that's it. So thanks so much. I appreciate it. See you in the next one.