Gate News Bot news, August 7, according to CoinMarketCap data, as of the time of writing, SPELL (Spell Token) is currently priced at $0.00054336, rising 16.49% in the last 24 hours, reaching a high of $0.00061835 and a low of $0.00044479, with a 24-hour volume of $145 million. The current market capitalization is approximately $89.4 million, an increase of $12.7 million compared to yesterday. Abracadabra is an Ethereum-based lending platform that allows users to borrow MIM stablecoins by collateralizing interest-bearing assets. SPELL is the governance token of the Abracadabra platform, and holders can participate in platform decisions. Important recent news about SPELL: 1️⃣ **DeFi market sentiment warms up**

According to a report by Jinse Finance, the hacker of the MIM Spell protocol has transferred 1200 Ether to the mixing protocol Tornado Cash, as monitored by CertiK.

According to the Gate.io News bot, a report from the blockchain security company PeckShield has detected that the crypto assets trading platform GMX and MIM_Spell related contracts have been hacked. This attack resulted in approximately 6260 Ether (ETH) being stolen, with losses amounting to 13 million dollars based on current market prices. The news was first published by the crypto assets information platform Wu Shuo.