Everything web3, crypto, defi, degen
In brief In 2023 Lõhmus told Estonia’s public radio he lost access and would consider credible recovery help. On-chain records show only dust transfers, with no outgoing ETH from the labeled wallet. There have been many other cases of lost crypto wallet passwords or keys. Two years ago, Estonian banker Rain Lõhmus told Estonia’s public…
In brief Bitcoin-based memecoin launchpad Odin.fun has lost 58.2 BTC, worth roughly $7 million, via an exploit. The platform has paused operations, but says it will be back next week The exploit was what is termed a “liquidity manipulation” attack, according to third-party security researchers Bitcoin-based meme coin launchpad Odin.fun has lost approximately 58.2 BTC,…
In brief Qubic said that it had momentarily achieved control of 51% of the hash rate of privacy blockchain Monero. The firm said the event was an “experiment” and a way to “help” the network. However, a few experts said there had been no independent verification of the attack. AI protocol Qubic said it had…
In brief Solana meme coins as an asset class have dropped more than 8% on the day. Expert say that investors are looking to purchase “quality-focused” assets, such as Ethereum and other altcoins. ETH has posted impressive gains this month, up 47.5%, as institutional interest in the asset spikes. Solana meme coins are one of…
In brief Stripe is reportedly building a payments-focused Layer 1 blockchain called Tempo with VC firm Paradigm. The stealth project was revealed via a job listing on the Blockchain Association’s careers board. Analysts say Tempo could offer predictable fees and performance, but success may hinge on privacy and openness. Stripe, a private financial technology firm…
In brief Bitcoin’s weekend rally stalled Monday as traders booked profits. Experts suggest a potential drawdown if Tuesday’s U.S. CPI print comes in hotter than expected. Bitcoin options data shows traders are hedging for downside risk with puts. Bitcoin’s surprise weekend rally hit a wall Monday with a move that undid more than half of…
In brief Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay sit on its governance council. Competing bills and an administration framework would set rules on licensing, reserves, equity requirements, interest treatment, and banks’ roles. Foreign exchange controls and planned reporting for cross-border crypto flows could limit early use cases, relative to…
In brief Healthy beverage company Safety Shot Inc. is pivoting to become a crypto treasury firm, receiving $25 million in BONK on Monday. Pseudonymous core contributor Nom is set to join the Safety Shot team in a strategic position, and says it is targeting up to 5% of the meme coin’s total supply. At current…
In brief Zora token surged 43% in 24 hours, gaining 129% weekly and 1,566% monthly following strong platform adoption. The Ethereum Layer-2 platform rewards creators for content sharing and was added to Base App in July for easier access. Recent surge driven by spike in coin creation activity (47,000 new tokens Sunday) and new Binance…
In brief The Uniswap Foundation published a proposal for Uniswap Governance to become a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA). The Cowboy State enacted the legal framework for DAOs last year. It would allow Uniswap Governance to operate with greater legal clarity, Uniswap Foundation General Counsel Brian Nistler said. The Uniswap Foundation published a proposal…
