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πŸ¦ŽπŸš€ All TAP-ped out! πŸ’§

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!

And we're back, Geckos!
   

Up-tober seems to be in full swing, but will we finally break past 70K once more?

 

In today's news:
 

  • Search and rescue πŸ”

  • Big break for BUIDL πŸ’±

 

Read on!

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24h Hot Searches Worldwide πŸ”₯

Top Company Settlements with US Regulators

  

Crypto companies have racked up $32 billion in lawsuit settlements with US regulators from 2019 to 2024, with $19 billion in settlements recorded this year alone.

 
FTX & Alameda were charged with the highest amount ($12.7 billion), followed by Celsius ($4.7 billion), Do Kwon's Terraform Labs ($4.5 billion) and Binance ($4.3 billion).

Search and rescue πŸ”

 

The omnichain money market protocol Tapioca DAO suffered a $4.4M exploit over the weekend by a potential North Korean hacker.

 

According to the team, the attacker obtained the private keys to the team's token vesting contract via social engineering, allowing them to access 30M of the team's vested TAP tokens.

 

The funds were then sold across various DEXs into ETH and USDT, causing the price of TAP to plunge by 97% from $1.43 to $0.04.

 

The funds were then moved from Arbitrum to the BNB Chain.

 

However, it wasn't a total loss for the Tapioca Foundation.

 

With the help of security engineers from Fuzzland and the emergency response team SEAL911, the DAO managed to secure 1,000 ETH (~$2.7M) that had gone unnoticed by the exploiter.
 
The team has since offered the attacker a $1M bounty in exchange for the rest of the stolen funds.

 

Ever wondered how blockchain nodes come to consensus if they can't trust each other? Learn about the byzantine generals problem and how solving it underpins the public blockchains we have today.

Big break for BUIDL πŸ’±

  

BUIDL may be coming to centralized crypto exchanges soon.

 

According to a Bloomberg report, Blackrock may consider integrating its USD Institutional Digital Liquidity Fund (BUIDL) as collateral on exchanges such as Binance, OKX, and Deribit.

 

This would allow crypto traders to gain exposure to BUIDL and utilize it for crypto derivatives trading.

 

Earlier in the month, a subcommittee of the US Commodities and Futures Trading Commission had voted for a proposal to allow digital assets, including BUIDL, to be used in traditional markets.

 

Looking to accelerate your coding process with AI-powered tools? In today's React guide, we'll walk through how to easily build a crypto price converter app using the Cursor AI code editor and CoinGecko API.

In Other News...

 

  • Restakers Beware! Eigenlayer's Twitter page has been compromised and was seen advertising fake airdrop links.

     

  • Not So Radiant Now. Radiant Capital, a money market DeFi project, was exploited for over $50M in funds through one of the most sophisticated hacks in DeFi history. The attack managed to compromise three hardware developer wallets, leading to the exploit.
     

  • Worldcoin Rebrands, Releases New Iris Scanner. Worldcoin, the project co-founded by OpenAI CEO Sam Altman, is rebranding to 'World' as it pivots to become the 'human layer for the internet'.
      

  • Venmo Me Some Bitcoin?! Crypto users can now use the popular payments app Venmo to buy, sell, and swap crypto through a partnership with MoonPay.
     

  • Pump.fun Tokenization Rumors! The Pump.Fun team announced in a recent X Spaces that they plan to launch a token in the future, stating, "We're going to reward our earliest users," according to one of their members.
     

  • DeBridge Airdrop Live. The token based on Solana has been airdropped to over 491K wallets with a fully diluted valuation of $300M. Phishing links are on the rise, and airdrop recipients are advised to check their links before proceeding.

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