Month: May 2024

Gala Games Recovers $23M Stolen By Hacker, Plans Token Buyback Program

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In a recent security incident, Gala Games, a Web3 gaming company, fell victim to an exploit that led to the unauthorized minting of 5 billion tokens, equivalent to approximately $214 million.  The hacker behind the breach subsequently sold 592 million GALA tokens, amounting to $21.8 million in value, as blockchain analysis firm Lookonchain confirmed. CEO Of Gala Games Takes Responsibility For Breach Gala Games responded to the breach, assuring the community via social media platform X (formerly Twitter) that the security incident involving the GALA token had been contained and…

Cboe Publishes Amended Spot Ether ETF Filings as Industry Renews Approval Hopes

While the 19b-4 forms might be approved as soon as this Thursday – when the first one, an application by VanEck and Cboe, faces a final deadline – the spot ether ETFs can’t launch until the SEC also approves the S-1 forms filed by the issuers themselves. There appears to be less movement on this front than with the 19b-4 filings. A few applicants have already begun revising their S-1 forms, however. Source

Crypto Exchange Binance Discloses Investment in L2 DEX Protocol Aevo

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The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol. According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance. Aevo bills itself as a high-performance derivatives DEX platform tailored for futures and perpetual contracts trading. The decentralized finance (DeFi) protocol is built on top of the Ethereum (ETH) layer-2 protocol Optimism’s (OP) OP Stack. It acts as an off-chain order book, with orders settled on-chain on…

Solana Cup And Handle Pattern Means An At Least 90% Move Against Ethereum, Analyst Says

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Jan Happel and Yann Allemann, the co-founders of the on-chain analytics platform Glassnode, recently suggested that Solana (SOL) could make a significant move to the upside in its Ethereum pair. They alluded to the likelihood of Ethereum rising higher as another reason SOL will likely “soar.” Solana To Make A 90% Move Against Ethereum Happel and Allemann, through their shared X account (@Negentropic), highlighted a “clear Cup and Handle pattern” on the SOLETH chart, which suggests Solana will move 90% from its current price level. They also noted that the…

Jupiter Exchange launches Giant Unified Market initiative

Jupiter Exchange launched the Giant Unified Market (GUM) initiative to combine different types of investments into one market on the Solana blockchain. The GUM Alliance aims to bring together investments like meme coins, real-world assets, stocks, and forex into a single market, making trading between them easier and more direct. The alliance, comprised of leading teams in asset handling, liquidity, and distribution, plans to add more types of investments to Solana (SOL), ensuring the markets have enough cash flow to operate smoothly and integrating the markets into Jupiter’s platform to…

Your After Hours Guide to the Last Day of Consensus

If the metaverse is a little more your speed, the Somnia Cocktail Networking Party, starting at 4:30 p.m. and going past 8:00 p.m., is being sponsored by some of the leading firms in the space, including Somnia: The Metaverse Computer, CertiK, OKXWallet, Spartan Group, the Virtual Society Foundation, among others. Source

Your After Hours Guide to Consensus 2024, Thursday Night

Perhaps the most anticipated after hours event is the scheduled boxing match between Bankless co-founder David Hoffman and Castle Island Venture partner Nic Carter, at the Austin Convention Center. While Crypto Twitter eagerly awaits the fight between the two avatars of Bitcoin and Ethereum, Carter and Hoffman’s fight is actually part of a larger series called Karate Combat, which will feature a number of martial arts including IFC, Karate and grappling. Tickets are limited, doors open at 5 p.m. Source

Your Afterhours Guide to Consensus 2024, Tuesday Night

For those of you who are coming to Consensus 2024 in Austin, Texas this May 28 – 31 looking to network, which as our research indicates, most of you are, you’ll likely want to hit up at least a few of the dozens of happy hours, cocktail parties and entertainment planned to coincide with the event. Source