Friday, February 17, 2023
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Have a winning weekend, Geckos! And the DeFi exploits are back. Earlier today, the Avalanche-based stableswap platform, Platypus, suffered an $8.5M flash-loan attack, affecting its main liquidity pool while other pools remained unaffected.
Since the attack, the price of the platform's native stablecoin Platypus USD (USP) has depegged from $1, dropping 52.2% to $0.48.
However, not all is lost, as a suspect has been identified by none other than crypto detective ZachXBT, calling out the deleted Twitter account @retlqw for masterminding the exploit. In today's news, the Binance effect makes its mark on stablecoins, the SEC finally goes after Do Kwon, and earning from Bitcoins from gaming will soon become a reality. Read on! |
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| 24h Hot Searches Worldwide
| | FTX's Deadline to Claw Back Political Donations Imminent FTX and its debtors are urging political figures and PACs to return donations before Feb 28, with the threat of a prospective bankruptcy court lawsuit. We visualized the funds donated by former FTX executives Sam Bankman-Fried, Ryan Salame, and Nishad Singh based on political group and ideology. | | Former FTX Executives contributed more than $80 million to political groups in 2022, of which liberal groups received the majority at 63%. Bankman-Fried even pledged to donate up to $1 billion during the 2024 election cycle. 👀
Read the study: https://gcko.io/hwvfv8e | | | Did you know that Ethereum 2.0 is only 55% completed even after The Merge? Here are 5 more upgrades that you should look out for! | | | The One True Stablecoin TrueFi, a DeFi lending platform, saw the price of its native protocol token, TRU, climb by 140% after Binance, the largest cryptocurrency exchange, seemingly minted $50M worth of the protocol's stablecoin TrueUSD (TUSD). Just last week, the SEC deemed Paxos's BUSD product as an unregistered security, prompting them to halt the issuance of additional tokens. However, the CEO of Binance Changpeng Zhao, otherwise known as CZ, has declared that BUSD will still be supported on the exchange for the 'foreseeable future'.
The Block | | Long Overdue Sue The SEC is on fire this week as they are finally suing Terraform Labs and its founder, Do Kwon, for fraud, selling unregistered securities, and a variety of other transgressions. According to the SEC, Do Kwon and his firm misled investors on the stability of Terra's former native stablecoin, USTC, which was supposed to be pegged to the US dollar. They are also claiming that Terra, together with Anchor Protocol, should have been classified as 'crypto asset securities,'
Coin Desk | | Play to Earn Bitcoin! In a recent tweet, Christian Moss, founder of Play-to-Earn platform Zebedee, has teased a new software that allows users to earn Bitcoin from playing retro games.
Dubbed 'Bit-tendo', the software will feature a QR code where users can send their Bitcoin payment to start playing a game, with a sats counter that keeps track of the player's rewards.
Moss also stated the software would completely be free to use for retro games in 'bars, conferences, and meetups,'
Cointelegraph | | | There are a few crypto investing apps on the market right now, but almost none of them provide the types of features that eToro does. Price charts, stats, news, and more; plus, you get access to 40 of the world's most popular cryptocurrencies. For everything you need to invest in crypto, go eToro. | | Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk. | | | How does Trident's proposed Risk-to-Earn model avoid the common pitfalls of Play-to-Earn games? Also, find out how to try Trident's already-released mini-games and why gamers rage quit.
Continue reading here. | | Here are the top trending coins for this week! | |
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