The new index will help traders guage expected SOL price turbulence over two weeks. Source
Solana's SOL Gets First Implied Volatility Index on Volmex
Category: ICO
Bitcoin Dives Under $56K Amid Global Stock Market Rout
BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The broader market tracked by CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 6%. Major tokens solana’s SOL and ether (ETH) dropped over 7%, leading losses. Source
Lara Trump, Tiffany Trump Hacked to Promote Apparent Crypto Scam
Lara and Tiffany Trump, the wife of Eric Trump and daughter of Donald Trump, respectively, tweeted what they described as “the only official” blockchain addresses for World Liberty Financial. Lara Trump tweeted: Our goal at World Liberty … is to utilize our governance token on Solana, $WL, to support our DeFi lending protocol.” Source
Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC
“And then the second one is a means for, effectively, validators to receive emissions,” Boiron added. “Effectively, if you think of these new chains that pop up, what’s going to happen is that with time, they’re going to want to decentralize. And so instead of just having a centralized sequencer, they’re going to need to incentivize people to actually run a decentralized group or a decentralized prover. And if they don’t have a token, or if they don’t want to launch a token yet, how do they do that? Well,…
Inside the Trump Crypto Project Linked to $2M DeFi Hack and Former Pick-Up Artist
Zachary Folkman and Chase Herro – listed in the white paper as World Liberty Financial’s head of operations and its data and strategies lead, respectively – built Dough Finance, a person familiar with the matter said. (Herro used to link to Dough Finance’s Telegram group in his bio on the messaging app, according to a screenshot reviewed by CoinDesk.) Octavian Lojnita, the project’s smart contracts lead, also previously worked on Dough Finance, according to his online resume. Boga, World Liberty Financial’s pseudonymous front-end developer, is listed as an author (under…
Pendle-Based DeFi Protocol Penpie Exploited of $27M of Crypto Assets; PNP Price Craters 35%
The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH), Ethena’s sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds to ETH using predominantly Li.fi and forwarded to asset to a new address, according to Etherscan data. Source
How Decentralized AI and Zero-Knowledge Proofs Will Democratize Compute
Unlike centralized cloud providers, decentralized AI (DAI) distributes the computational processes for AI inference and training across multiple systems, networks, and locations. If implemented correctly, these networks, a type of decentralized physical infrastructure network (DePIN), bring benefits in censorship resistance, compute access, and cost. Source
Why ‘Universal Basic Compute’ Is a Solution to Economic Inequality
The idea is straightforward – in a post-Artificial General Intelligence (AGI) world, many traditional forms of labor may become obsolete. Rather than distributing money, UBC would provide every individual with a share of the advanced computational power that fuels emerging technologies like AI. As Altman explained in a recent interview, owners of compute could use it, resell it, or even donate it. Proponents argue that while UBI addresses some issues, it falls short in an AI-driven future. UBC, on the other hand, could empower people with wealth-building tools that enhance…
Why the SEC Is Wrong About NFTs
The SEC’s Wells notice against OpenSea showed once again how regulators are overreaching in interpreting the law, says Edward Lee, a professor at Santa Clara University School of Law, and the author of “Creators Take Control.” Source
Institutional DeFi Needs a BUIDL Moment
Tokenized securities have been hailed as the next-big-thing in crypto since 2018, but the market saw relatively little adoption for years. The value proposition of tokenized securities was obvious, and most platforms had KYC-AML capabilities, but that wasn’t enough to be taken seriously by institutions. During that time, companies like Securitize added institutional-ready capabilities such as broker-dealers, transfer agents, and onboarding institutions, all of which led to BlackRock gaining conviction for the space. BUIDL built on the institutional blocks laid by Securitize, like its transfer agent and broker-dealer capabilities. Source