“That is a strong narrative for TAO in the coming months. A good hype could make it happen,” said one analyst. Bittensor has recorded a 140% price increase over the past six weeks, including a 105% rise since March 8. The latest price action has pushed it to the 26th-largest cryptocurrency by market capitalization,…
An attacker spent about $1,800 on MFAM to push a malicious Moonwell proposal that could seize control of seven markets and $1.08m in assets, testing its veto and governance defenses. Summary An unknown attacker spent just $1,800 to acquire 40 million MFAM tokens and push a malicious governance proposal through quorum in roughly 11 minutes…
Key takeaways The world is shifting from a unipolar to a multipolar power structure. The US is experiencing a decline in global influence, moving towards a multipolar world. Different metrics of empire decline at varying rates, with education quality as an early indicator. Precious metals prices have declined despite geopolitical tensions due to prior price…
Three years later, Bo Shen has opened a recovery hunt, inviting anyone to help trace stolen funds. Bo Shen, co-founder of Fenbushi Capital, has renewed efforts to recover roughly $42 million in digital assets stolen from his personal wallet in a November 2022 hack. This time, he is using a public appeal to mobilize…
The UK has sanctioned crypto marketplace Xinbi and Cambodia’s #8 Park scam compound over a $19.9b fraud and trafficking network, freezing London assets ahead of June’s Illicit Finance Summit. Summary The UK sanctioned Xinbi — the first country to do so — after Chainalysis data showed it processed over $19.9 billion in illicit transactions between…
Elon Musk is considering allocating as much as 30% of SpaceX’s initial public offering to retail investors, according to a Reuters report, a sharp break from the typical 5% to 10% allocation seen in most listings. The move reflects Musk’s strategy to lean on loyal backers and individual investors to stabilize trading after the debut…
They cut off his finger to prove they were serious. The victim was a cryptocurrency entrepreneur. The ransom demand was over $10 million. And the man allegedly behind Europe’s worst crypto kidnapping just ran out of places to hide. Spanish Civil Guard arrested a French fugitive in Benalmádena, Málaga, under a European Arrest Warrant, according…
The launch of the bounty program comes just weeks after Sun settled a long-running SEC case for $10 million, with all claims dismissed. Tron founder Justin Sun has said that his team has built an AI system capable of identifying suspects in crypto fraud cases. He also said that he will put $100 million…
Tether has launched XAU₮ on BNB Chain and Binance, extending its 60% share of a $4b tokenized gold market across 12+ networks via the USDt0 cross-chain system. Summary Tether’s gold-backed token XAU₮ is now live on BNB Chain, bringing the product to the world’s largest cryptocurrency exchange ecosystem and expanding its cross-chain reach to over…
LayerZero said Thursday it has integrated with Canton Network, becoming the first interoperability protocol live on the institutional blockchain and opening a route for tokenized assets on Canton to move across more than 165 public chains. The tie-up is aimed at solving one of tokenization’s biggest bottlenecks, which is how to connect regulated onchain assets…
