TLDR UwU Lend, a decentralized finance (DeFi) protocol, was hacked for nearly $20 million on Monday, June 10. The attack was first discovered by on-chain security firm Cyvers, which alerted UwU Lend about the ongoing exploit. The attacker used a flash loan to manipulate the price feed and exploit a vulnerability in the protocol’s price…
TLDR Keith Gill, known as Roaring Kitty, has seen his gains from GameStop Corp (GME) stock evaporate amid a major price plunge, losing around $350 million in profit within a week. GME stock has declined by more than 50% in the last two trading sessions, bringing the value of the stock below $25. GameStop’s lack…
TLDR Uniswap Labs has acquired the popular on-chain game “Crypto: The Game” (CTG) in a mixed cash, token, and equity deal for an undisclosed amount. CTG’s co-founders, Dylan Abruscato, Tyler Cagle, and Bryan Lee, will join Uniswap Labs to continue developing the game and explore new interactive consumer crypto experiences. The acquisition comes as Uniswap…
TL;DR Shiba Inu’s burn rate surged by 2,800% in the past 24 hours. Despite increased burn efforts and advancements in the layer-2 scaling solution, Shibarium, SHIB’s price remains down, reflecting the overall market correction. SHIB’s Burning Efforts Shiba Inu’s burn rate exploded by 2,800% in the past 24 hours, resulting in almost 8 million tokens…
TLDR Lykke, a UK-based crypto exchange, has halted withdrawals and trading after suffering an exploit on June 4, which resulted in the loss of approximately $22 million in various cryptocurrencies. The attack was first discovered by blockchain security researcher SomaXBT, who accused the Lykke team of attempting to hide the security breach. Lykke has acknowledged…
TLDR Donald Trump presented himself as a champion for cryptocurrency and criticized Democrats’ attempts to regulate the sector during a San Francisco fundraiser. Trump raised $12 million from the fundraiser hosted by tech venture capitalists David Sacks and Chamath Palihapitiya. The crypto industry is increasingly trying to influence U.S. politicians as it faces heightened scrutiny…
TLDR Two OKX users fell victim to a SIM swap hack on June 9, resulting in the theft of an undisclosed sum of funds. The attackers sent fake SMS notifications appearing to come from Hong Kong, tricking victims into creating new API keys with withdrawal and trading permissions. OKX is investigating the situation and has…
The cryptocurrency market continues declining following the crash that happened late last week. The total capitalization was pushed below $2.6 trillion on the back of significant losses by Bitcoin an most of the altcoins. Bitcoin’s Price Plummets Toward $67K At the time of this writing, BTC is trading at around $67,500, having plunged all the…
TLDR Elon Musk has threatened to ban Apple devices at his companies if Apple integrates OpenAI at the operating system level. Musk called the potential integration an “unacceptable security violation” and said visitors would have to store their Apple devices in a Faraday cage. Apple announced a partnership with OpenAI to bring ChatGPT technology to…
TLDR Metaplanet, a Japanese company dubbed “Asia’s MicroStrategy,” has made its third Bitcoin purchase in seven weeks, acquiring 23.25 BTC worth $1.59 million. The company’s total Bitcoin holdings now stand at 141.07 BTC, valued at approximately $9.6 million, with an average purchasing price of $65,365 per Bitcoin. Following the announcement of the Bitcoin purchase, Metaplanet’s…