Everything web3, crypto, defi, degen
In brief Gensler’s text messages between October 18, 2022 to September 6, 2023 are now lost. A 45-day wipe policy and a rushed reset led to a permanent deletion, the agency’s watchdog said Wednesday. The loss may affect FOIA responses, with the National Archives being notified of the loss in June. The U.S. Securities and…
In brief Bitcoin dipped 1.3% below $110,000 but recorded strong ETF inflows of $633 million over two consecutive days—the best performance since early August. Long-term Bitcoin holders are moving their coins into ETFs in what an analyst calls an unusual redistribution pattern. Market sentiment remains cautious with 65% of prediction market users expecting Bitcoin to…
In brief Public code libraries are being poisoned with malware that is being downloaded via Ethereum smart contracts. Software security firm ReversingLabs identified a sophisticated network of malicious packages using this method with fake activity to give a sense of legitimacy. Binance chief security officer, Jimmy Su, told Decrypt in August that package poisoning like…
In brief CFTC Commissioner Kristin Johnson warned Wednesday that prediction markets have “too few guardrails” while capturing unprecedented retail funds. Her farewell speech coincided with the CFTC approving Polymarket’s U.S. return through its $112 million QCX acquisition. Johnson criticized firms that “rent or buy” licenses to quickly pivot to prediction market contracts after obtaining regulatory…
In brief GK8 researchers have discovered threat actors recruiting professional voice impersonators on underground forums to target U.S. crypto executives. The personalized “vishing” campaigns make operatives up to $20,000 monthly. Attackers possess curated datasets of executive personal information and use deepfake technology, voice changers, and sophisticated infrastructure to bypass traditional security measures. Cybercriminals are recruiting…
In brief A Binance Smart Chain user fell victim to a phishing scam and lost $13.5 million worth of tokens on Tuesday. Early reports suggested that BNB lending platform Venus Protocol had been hacked, but blockchain security firms subsequently confirmed that this was not the case. Venus Protocol and security firm PeckShield are in contact…
In brief President Trump-backed World Liberty Financial debuted its Ethereum token for trading on Monday, and it’s already one of the most valuable coins by market cap. At $7.6 billion, WLFI is the 30th largest token by market cap on CoinGecko. Some early buyers of the token could today realize a gain of more than…
In brief Binance has appointed SB Seker as Head of Asia-Pacific on Monday, who brings over 20 years of legal and regulatory experience. The hiring comes weeks after AUSTRAC ordered Binance Australia to undergo an independent audit, citing “serious concerns” about anti-money laundering controls vulnerable to illicit money flows. Industry experts view the appointment as…
In brief WLFI begins trading on Memorial Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
In brief WLFI begins trading on Labor Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
