Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Investment activity in crypto and blockchain start-ups is surging, with the first quarter of 2024 witnessing a total investment of $2.52 billion, a notable 25% increase from the previous quarter, as reported by PitchBook. Projections indicate that this trend will continue to accelerate throughout the latter half of the year. Almost daily, we observe DePIN, … Read more
Gala Games has received approximately $22 million worth of Ether (ETH) from the individual responsible for a security breach on May 20. During the incident, around $200 million worth of Gala (GALA) tokens were minted, with a small portion sold before the wallet was frozen. On May 21, the attacker’s wallet returned 5913.2 ETH, valued … Read more
The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has completed its investigation into the Worldcoin project, concluding that the project’s activities in Hong Kong violated the territory’s Personal Data (Privacy) Ordinance (PDPO). In a notice issued on May 22, Privacy Commissioner Ada Chung Lai-ling directed Worldcoin to immediately cease all … Read more
YouTube investigator Stephen Findeisen, also known as “Coffeezilla,” has accused Rabbit, an artificial intelligence (AI) company, of orchestrating a scam involving nonfungible tokens (NFTs) and attempting to cover it up. In a video posted on May 21 on the Coffeezilla channel, Findeisen revealed Rabbit AI’s involvement in NFTs. He pointed out that the company, formerly … Read more
As the Fantom (FTM) price surges to its highest levels in a month, investors are pondering whether it’s still a good time to invest in Fantom. Currently priced at $0.8744, FTM has seen a remarkable 35% increase over the past seven days, as reported by CoinMarketCap. The sudden shift in the SEC’s stance on Ethereum … Read more
The blockchain-based social platform Farcaster witnessed a surge of 17% in its community-created token, DEGEN, following confirmation of a $150 million funding round. Led by Paradigm, with participation from other venture firms including Andreessen Horowitz and USV, the Series A round aims to support Farcaster’s long-term development. Former Coinbase executive and Farcaster founder Dan Romero … Read more
The CEO of Gala Games attributed a recent smart contract “security incident,” resulting in the theft and sale of $23 million worth of GALA tokens, to internal control failures within the company. On May 20 at 7:32 pm UTC, reports indicated that a wallet had minted 5 billion GALA tokens, valued at least $200 million … Read more
Martin Gruenberg, the chairman of the FDIC, announced his intention to step down following a damning investigation exposing a toxic workplace culture within the bank regulator. He stated he would resign once a successor is confirmed, emphasizing his commitment to transforming the FDIC’s workplace culture in the interim. The FDIC, an independent U.S. government agency … Read more
Justin Drake, a well-known Ethereum researcher, has recently taken on the role of advisor for Eigen Foundation, a supporter of the EigenLayer protocol and community. On the social media platform X, Drake publicly disclosed the incentives he received upon assuming his new position at Eigen Foundation. Emphasizing the importance of transparency within the community, Drake … Read more
Meet NuChain: a groundbreaking blockchain platform engineered for unmatched speed, cost-effectiveness, and user-friendly experience. Unmatched Performance: 200,000 Transactions Per Second (TPS): Experience lightning-fast transaction processing that outperforms even the most demanding applications. Transactions can cost as little as $0.000001 USD, making NuChain ideal for cost-conscious organizations and high-volume use cases. Empowering businesses: Build Your Own … Read more