Day: September 4, 2023

Anonymous MEV bot operator refunds $70k in ETH from Curve Finance attack

Alchemix Finance has thanked an anonymous MEV bot operator for voluntarily returning $70k, or 43.3 Ethereum (ETH), in arbitrage profits earned from the Curve Finance exploit. An operator of a Miner Extractable Value (MEV) bot returned 43.3 ETH in profits made during the exploit on Curve Finance, a stablecoin decentralized exchange (DEX). Alchemix Finance ,which is one of four protocols directly affected by the Curve Incident, confirmed the transaction on Sept. 4. At press time, the returned assets are worth an estimated $70,600 as ETH traded around $1,630, according to…

Hottest New Meme Crypto ‘Sonik Coin’ Nears $1.5 Million Raised With 20 Hours Left In Presale

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The speedy new meme coin Sonik Coin (SONIK) has exploded past $1.35 million in its presale after launching less than three weeks ago.  Now, investors are poised with just 20 hours remaining to buy $SONIK at its presale price or face buying it on the open market after its initial exchange offering (IEO). With little time remaining, investors have begun piling into the presale at sonikcoin.com, opening the door to a possible sell-out due to its $2,098,547 hard cap. The project will be listed on Uniswap, with rumors circulating it…

Shiba Inu Whales Begin Accumulation As Shibarium Grows

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The success of the Shibarium blockchain so far has led to Shiba Inu whale activity rising once more. These whales have been making large transfers carrying trillions of SHIB tokens worth tens of millions of dollars. This heightened activity, while interesting on its own, is also leading to positive sentiment around them due to their destinations. Shiba Inu Whales Moving Away From Centralized Exchanges A number of large Shiba Inu transactions were highlighted by the popular whale tracking account on X (formerly Twitter) called Whale Alert. The first transaction took…

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

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Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.” In the paper, dubbed simply “Taxing the Metaverse,” Kim argues that the metaverse allows participants to create and build wealth entirely within its ecosystem. According to Kim, this burgeoning wealth sector should be regulated under tax code: “Because economic activity within the Metaverse satisfies the Haig-Simons and Glenshaw Glass definitions of income, its exclusion will create…

Bybit Launches TradeGPT to Enhance Its Trading Tools

Bybit introduces TradeGPT, an AI tool merging ChatGPT’s language model with real-time data for market insights and user assistance. It is free for all users. Cryptocurrency exchange Bybit has announced the launch of “TradeGPT”, a new AI-powered trading tool. This new assistant combines the power of ChatGPT’s language model with sophisticated real-time data from the Bybit platform. According to Bybit’s statement, TradeGPT will make it easier for users to access updated market analyses and obtain clear answers to their questions in multiple languages. TradeGPT- Bybit’s New AI Tool As reported…

Crypto gambling site Stake sees $16M withdrawn in possible hack

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Crypto gambling site Stake experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be the result of a stolen private key. ALERTOur AI-powered system has detected multiple suspicious transactions with @Stake.https://t.co/0ZoMITOyF5 address received about $16M in $ETH $USDC $USDT and $DAI All the stable coins are converted to $ETH and distributed to different EOAs. FYI: @tayvano_ @zachxbt pic.twitter.com/CSGwRHEiVm — Cyvers Alerts (@CyversAlerts) September 4, 2023…

Bitcoin Exchanges See Three Straight Months Of Withdrawals For First Time Ever

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On-chain data shows exchanges have seen net Bitcoin withdrawals during the past three months, the longest streak in the asset’s history. Exchanges See Bitcoin Withdrawals Exceed Deposits For Three Consecutive Months An analyst on X explained that the total number of Bitcoin exchange withdrawals has been more than the deposits recently. The number of deposits and withdrawals and the number of such transactions are referred to here. All transfers on the network that go from a self-custodial wallet to a central exchange entity would count as deposit transactions, while those…

Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON

Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown. The United States’ equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a marginal loss of 0.5%. One of the main reasons Bitcoin gave back its gains was because the Securities and Exchange…

Former MAS chair who called crypto ‘highly risky’ wins Singapore’s presidential race

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Tharman Shanmugaratnam, former chair of the Monetary Authority of Singapore, has won the election for the city-state’s presidency with more than 70% of the vote. According to multiple reports from Sept. 2, Shanmugaratnam defeated presidential candidates Ng Kok Song and Tan Kin Lian to become the next president of Singapore with roughly 70.4% of votes. He will be sworn into office on Sept. 14 — less than two weeks after the election. Tharman Shanmugaratnam’s presidency victory announcement on Sept. 2. Source: Facebook In the lead-up to his presidential campaign, Shanmugaratnam…

Hackers Said to Target Australian Crypto Casino Stake in $40M Exploit

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