In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg, which drained the platform of $100 million. Source: https://cointelegraph.com/news/sec-files-settled-charges-against-mango-markets-operators?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Pepe gains 30% in a week as memecoin trading volumes explode
Pepe’s trading volumes tripled over the past week, triggering a strong double-digit rally in the frog-themed memecoin. Source: https://cointelegraph.com/news/pepe-rises-30-in-a-week-as-spot-trading-volume-triples?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The Bigger the AI Model, the More It Will Lie
Researchers have found evidence that artificial intelligence models would rather lie than admit the shame of not knowing something. This behavior seems to be more apparent the more they grow in size and complexity. A new study published in Nature found that the bigger LLMs get, the less reliable they become for specific tasks. It’s not exactly lying in the…
‘Deadrop’ Game Studio Denies Dr. Disrespect’s Claim That He’ll Return
Popular video game streamer Dr. Disrespect recently said in a livestream that he’s “got a feeling” that he’ll rejoin Midnight Society, the game studio behind first-person shooter Deadrop that he helped co-found. But the company insists that’s not going to happen. In response to a viewer question about Dr. Disrespect (aka Guy Beahm) still having Midnight Society listed in his…
Adorable Baby Hippo Inspires Moo Deng Token — Soars 1,398% in a Week
According to recent data, the Solana-powered meme token moo deng (MOODENG) has jumped 98% in the past 24 hours and shot up a stunning 1,398% over the last week. With this massive boost, the meme token has claimed the top spot as the day’s biggest winner, boasting a global trade volume of $147 million in […] Source: https://news.bitcoin.com/adorable-baby-hippo-inspires-moo-deng-token-soars-1398-in-a-week/
Solana DeFi Platform Mango Markets Settles SEC Charges Over MNGO Token
The U.S. Securities and Exchange Commission (SEC) announced Friday that it has charged the teams behind the Solana-based DeFi platform Mango Markets—Mango DAO, Mango Labs, and the Blockworks Foundation—with securities charges following a lengthy investigation. The charges have already been settled, and the settlement was approved by MNGO token holders via the Mango DAO in August. Collectively, the firms will…
VanEck eyes $350 Solana price, Tornado Cash dev to face criminal trial: Finance Redefined
Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck. Source: https://cointelegraph.com/news/vaneck-350-solana-price-tornado-cash-dev-criminal-trial-finance-redefined?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance transition: Examining the internal overhaul since CZ’s arrest
Following the indictment of its CEO, Changpeng Zhao, Binance now says compliance is at the top of its agenda. Source: https://cointelegraph.com/news/binance-transition-exchange-internal-overhaul-cz-arrest?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply
From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions […] Source: https://news.bitcoin.com/blackrock-amasses-24-billion-in-bitcoin-approaches-2-of-total-supply/
FOMO HOUR 207 – WELCOME BACK TO THE BULL!
FOMO HOUR 207 – WELCOME BACK TO THE BULL! Kamala signals support for crypto. Top memecoins all soar, add $10bn in value in a week. MOODENG hits $180m, does 11x in a week. SUI & SEI continue to lead L1s for price & TVL growth. Revolut & Robinhood are considering stablecoin. Visa launches new tokenisation platform for banks. PayPal to…