SIMONSimon the Gator Price

ct Surges 10.22% in 24H, Currently at 0.3818 USDT

According to monitoring by PeckShield, a hacker minted 19 million THEO tokens on the Base chain, subsequently exchanging them for 700.8 ETH (approximately $1.76 million), and transferred the ETH to the Ethereum mainnet via a cross-chain bridge. As a result of this incident, the value of THEO tokens has plummeted by 92% in the past 24 hours.

On October 13, a debt frenzy sparked by financing for artificial intelligence (AI) infrastructure is leading to a capital competition among governments and tech giants. Bank of America strategists indicate that this is driving up borrowing costs for developing countries, while geopolitical concerns, high oil prices, and rising policy rates have already put upward pressure on bond yields. In the second half of this year, the average yield on emerging market dollar bonds has surged nearly 1 percentage point, reaching its highest level since April of last year. Merveille Paja, who oversees sovereign credit strategy for Eastern Europe, the Middle East, and Africa at Bank of America, stated that this could pose challenges for governments seeking to refinance maturing debt. (Bloomberg)