“It appears the crypto exchange Rain was likely exploited for $14.8M on April 29, 2024 after their BTC, ETH, SOL, and XRP wallets saw suspicious outflows. Funds were quickly transferred to instant exchanges and swapped for BTC and ETH,” ZachXBT wrote on Telegram. Source
Juliano will become chairman and president of dYdX Trading. Source
Officially, the U.S. is a bicameral system, with the two legislative bodies working to craft bills that are sent to the president for signature. But the reality is the balance of power is a three-part affair, with the president able to reject what’s sent to him, or bills dying from between the House and the Senate, or being substantially modified in the process. Source
We can see today that LLMs like GPT-4 are already capable of understanding the intent behind a user’s message, and reason intelligently about how to respond, while at the same time having read all of the text on the internet to inform its answer. So it’s not a big leap to imagine a text-based interface to an agent that has read all relevant crypto media, ingested and understood all the data from all the blockchains, AND has the ability to execute actions on-chain. Source
Crypto is a world built for autodidacts, a playground for polymaths. Tarun Chitra, the founder of the risk management, economic research and software optimization organization Gauntlet, is just one shining example. In a conversation with Chitra, this comes through. It seems there is no corner of crypto he hasn’t examined. Source
Adding some fuel to the fire was a piece in the SCMP that said these ETFs would be available to mainland traders who have Hong Kong residency and brokerage accounts. That’s certainly true, but there’s a massive caveat: it’s like saying that mainlanders with U.S. residency can open an American brokerage account and trade New York-listed stocks (which they can’t). This doesn’t mean that they are available in mainland China, as the trading, by mainlanders with Hong Kong residency, is done in Hong Kong. Source
What is the Strike app and what role does it have to play in the world of payment apps? The remittance industry is currently dominated by giants like Western Union, Euronet, Moneygram, and chiefly PayPal, which has a market share of just over 50%. While the big four continue to reign supreme, emerging blockchain-based money transfer firms may start eclipsing smaller players in the industry, thanks to cheaper charges and faster transactions. What is the Strike app? Strike is a blockchain-based mobile payments app. It is the brainchild of the…
Injective (INJ), a decentralized exchange (DEX) protocol, is stirring excitement in the cryptocurrency market with analysts predicting a potential price surge. The token has been under the watchful eye of analysts, with many anticipating a significant upward move in its value. Related Reading Technical Indicators Flash Bullish Signals For Injective Injective’s recent price action has caught the attention of market observers, specifically a bullish breakout from a falling wedge pattern. This pattern is often seen as a sign of a reversal in downtrends, and Injective’s successful breakout suggests a potential…
“Bitcoin L2s like Stacks are set to play a key role in unlocking Bitcoin DeFi,” said Tycho Onnasch, founder of Zest Protocol. “Unlike on Ethereum, the creation of basic DeFi primitives such as liquidity pools isn’t possible on Bitcoin L1. The Stacks sBTC upgrade is set to be a watershed moment for Bitcoin DeFi, which is what it was designed for from the beginning.” Source
Gill’s analysis of the video game retailer GameStop on Reddit, starting in 2019 and gaining traction during the COVID pandemic, created a viral phenomenon at the time. It was largely cited as a driving factor in the GameStop short squeeze of January 2021 as several small-time traders banded together and purchased options and leveraged shares of the company. Source