https://www.theblock.co/post/266890/decrypt-rug-radio-to-combine-in-merger-of-equals-axios
The two crypto- and Web3-focused news outlets will combine forces early next year while retaining their individual brand identities.
Author: Zack Abrams
Pudgy Penguins announces ‘Pudgy World’ Web3 game on zkSync blockchain
The alpha version of the game, which is set to launch next year, will be open to all, though Pudgy NFT and toy owners will get special perks.
Compound DAO vote to pay developer for major bugfix falls 15,000 votes short of quorum
The bug would’ve allowed for the theft of user funds, though an attack would have been massively unprofitable to carry out.
Crypto stock recap: Wall Street isn’t treating all Bitcoin miners alike
Bitcoin’s price rose another 6.6% while the stock market was open this week, but the recent rally in the coin’s price hasn’t affected all crypto-related stocks equally. Here’s how last week’s stock market returns stacked up for the top crypto-related stocks. Small miners posted big gains This week’s winners appear to be smaller Bitcoin mining […]
Tether freezes all OFAC-sanctioned wallets in ‘proactive’ security measure
Sanctioned individuals, along with Tornado Cash’s contract addresses, have been officially cut off from the world’s largest stablecoin.
Regulators have scared SoFi out of crypto: Bloomberg
The financial services firm is giving users three weeks to migrate their accounts — as long as they live in the right state.
Bitcoin price surpasses $40,000 as rally continues
A single Bitcoin is worth more than $40,000 for the first time since April 2022 following a price rally of nearly 9% since Nov. 27, according to The Block’s Price Page. The rest of the cryptocurrency market has also rallied in recent days, with the total market cap for cryptocurrencies up 1% in the past day. […]
Platypus Finance hackers cleared of criminal charges: Le Monde
The men responsible for the $8.5 million hack were cleared after a court found their exploit of a flawed smart contract wasn’t fraud.
Arbitrum DAO approves $23 million ‘backfund’ for projects that missed initial grant
The grants will go to projects that were approved as part of the project’s first round, but missed out on funding due to budget constraints.
Utah’s top judge threatens SEC lawyers with sanctions over ‘misrepresentations’ in crypto case
Utah’s top federal judge found that the SEC made ‘false or misleading’ statements in the course of its case against crypto firm DEBT Box.
Bitcoin price breaks past $39,000, bolstered by ETF hype
The recent election of Javier Milei and the record settlement against Binance have also bolstered Bitcoin’s price.
Velodrome, Aerodrome websites compromised for second time in days
Access has since been restored, and with each team seemingly blaming their domain provider for the security incidents.
The SEC is having trouble serving Hex founder Richard Heart with its lawsuit
A teleconference initially scheduled for this week has been pushed to January 30 in the government’s case against Richard Heart.
DYdX to unlock $500 million of tokens, 30% of supply
https://www.theblock.co/post/264697/dydx-to-unlock-500-million-of-tokens-30-of-supply
Plus, a breakdown of every other token unlock and airdrop you need to know about for the month of December.
Blast launch ‘crossed lines’ in messaging and execution, says Paradigm
The VC which helped lead the seed round for controversial new Ethereum Layer 2 Blast has criticized the network’s messaging and execution.
Cosmos community approves capping Atom inflation rate at 10%
Following the Cosmos community’s highest-turnout vote in history, Atom’s inflation rate has been slashed from about 14% to a maximum of 10%.
Indexed DAO to distribute remaining treasury after defeating hijack attempts
Indexed Finance, which was hacked in 2021, was able to safeguard its remaining assets from a pair of attackers this week.
Beleaguered exchange Zipmex halts trading in Thailand
https://www.theblock.co/post/264676/beleaguered-exchange-zipmex-halts-trading-in-thailand
After a failed buyout and SEC charges, Singapore-based crypto exchange Zipmex has halted trading on its platform in Thailand.
The active supply of Bitcoin and Ethereum is at record lows
Only 30% of bitcoin and 39% of ether has changed hands in the last year, a record low for both tokens, according to The Block’s data.
Sam Altman remains at Worldcoin’s developer while he may return to OpenAI
Tools for Humanity, the company behind Worldcoin, still lists Altman as its co-founder and chairman amidst the OpenAI drama.
Taiwanese trading firm Kronos Research hacked for estimated $25 million: ZachXBT
Kronos paused trading activity following the attack, which in turn led to problems on the Woo X exchange where it serves as a market maker.
Five top crypto stories this past week: ETF updates, Terraform Labs’ reemergence, why transactions surged on one L2, and more
Why did transactions spike on Polygon? What’s Terra’s plan post-Do Kwon? And why did South Korea buy Coinbase shares? Read on to find out.
dYdX’s insurance fund lost $9 million as a result of ‘targeted attack’: CEO
The attack involved “market manipulation of the entire $YFI market,” according to dYdX’s CEO, and investigations are underway.
Hackers claim to have compromised bankrupt Bitcoin ATM firm Coin Cloud: report
The hacker claims to have stolen selfies and sensitive personal data belonging to tens of thousands of customers from the U.S. and Brazil.
Crypto wallet loses $27 million in stablecoins in apparent hack: ZachXBT
The wallet had received the $27 million in Tether stablecoins just one week ago from a Binance withdrawal address.
Market recap: The biggest winners — and two losers — from last week in crypto
Only two coins in the top 100 lost value amidst the latest crypto rally, which saw the overall crypto market grow by 10% in the past week.
Former FTX general counsel who testified against SBF to lead new exchange Backpack: WSJ
Can Sun, the former general counsel of FTX who became a key witness in the criminal trial of ex-FTX CEO Sam Bankman-Fried, is behind a new exchange launching in beta later this month and hoping to sell a 10% stake to investors at a 100 million valuation, according to the Wall Street Journal. Backpack, the […]
FTX sues ByBit to claw back nearly $1 billion; alleges “fraudulent scheme”
The lawsuit also alleges that ByBit secretly controls BitDAO, now known as Mantle, which a ByBit executive once “privately explained” to FTX.