Strategy’s high-yield dividend stock STRC funds record BTC purchases, sparking major social media controversy and scrutiny from Coffezilla. Source link
Deirdre Knox
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Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up. Source link
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Coinbase
Tether challenges USDC Solana hegemony with $127.5M Drift bailout
by Deirdre Knoxby Deirdre KnoxTether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack. Source …
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Coinbase
Solana validator logs 32 delinquencies, foundation still claims ‘100% uptime’
by Deirdre Knoxby Deirdre KnoxSolana’s “100% uptime” claim is true at the cluster level, but anyone in the Harmonic Major validator went delinquent 32 times in …
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Coinbase
Crypto hack goes political as Grinex blames ‘Western special services’
by Deirdre Knoxby Deirdre KnoxKyrgyzstan-registered crypto exchange Grinex has suspended operations. It had previously been linked to sanctions evasion of up to $6B. Source link
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Tether-related companies Northern Data and Rumble are set to begin their merger, with Rumble offering equity for shares of Northern Data. Source …
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It took years of leverage and over $11B in unrealized losses for Michael Saylor’s Strategy to flip green on its BTC bet …
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Coinbase
Vercel breach leaves DeFi frontends dangling on a $2M ransom
by Deirdre Knoxby Deirdre KnoxVercel says attackers accessed its internal systems, sparking fears poisoned Next.js code could be used to drain funds from DeFi apps. Source …
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Coinbase
DeFi sector in $14B meltdown as $290M rsETH hack fallout burns Aave
by Deirdre Knoxby Deirdre KnoxDeFi is in crisis mode with multiple lending markets at full utilization after $290M of Kelp DAO’s rsETH was hacked from Layer …
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Coinbase
Crypto exchanges too slow to react to RAVE collapse, ZachXBT
by Deirdre Knoxby Deirdre KnoxCrypto exchanges Binance, Bitget, and Gate all claimed that they are investigating the RAVE token as it began its -97% downward spiral. …
