PANews reported on November 3 that DeFi platform Harvest announced on its X platform that approximately $47,000 of user funds in Harvest vaults were exposed to the Balancer ecosystem, primarily involving Euro (EUR) and BAL-related products. As a precautionary measure, these vaults have been suspended, and users can withdraw their funds at any time. This incident has not affected Harvest's vault infrastructure, and Harvest continues to operate normally.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
