The RiskOnBlast project, a gambling platform based on the Blast layer-2 ecosystem, has come under suspicion following the disappearance of its funds, website, and social media presence, raising concerns of a potential rug pull—the first of its kind on Blast. According to Arkham Intelligence, balances on the RiskOnBlast platform suddenly plummeted to zero on February...
Grayscale’s flagship Bitcoin Trust GBTC has just recorded the lowest daily outflows since it converted to an ETF. According to data posted on X by the research arm of crypto exchange BitMEX, GBTC’s outflow on February 23 was just $44.2 million. Bitcoin ETF Flow – 24 Feb 2024 All data now in, except perhaps for...
Polygon spinoff Avail raised $27m in seed funding led by Peter Thiel’s Founders Fund and Dragonfly, the company announced Monday. The funding will go toward developing three key products within Avail’s platform: Data Availability (DA), Nexus, and Fusion. “These core components, which constitute the Avail Trinity, will allow the network to accelerate the unification of...
The Saudi Arabian government has launched a metaverse platform to display the country’s cultural heritage, including history, arts, and crafts. The Saudi Press Agency recently announced the launch of the metaverse initiative, which is supported by Artificial Intelligence (AI) and Generative Media Intelligence. Saudi’s new metaverse will see users explore the country’s cultural heritage through...
On February 23, popular Bitcoin miner Riot Platforms issued a cautionary statement regarding potential profitability challenges in its business operations. The company cited various factors, including global supply chain disruptions, chip shortages, and increasing regulatory scrutiny around climate change, as key threats to its operations. Higher Bitcoin Mining Difficulty Requires Higher Hash Rate The top...
Digital asset investment funds recorded $598 million in inflows in the last seven days as Assets Under Management (AUM) reached $67.4 billion. A new CoinShares Digital Asset Weekly Funds Flow Report shows increased activity around cryptocurrency investment products and the broader market. Bitcoin ETF inflows continue with a further US$598m last weekhttps://t.co/LxJ6BSBlH0 — James Butterfill...
Hong Kong-based cryptocurrency exchange BitForex has faced a complete blackout since suspending its website and trading application on February 23. Users have been unable to initiate withdrawals or access the exchange, which previously boasted over $2 billion in trading volume as of February 24. Before the halt, approximately $56 million in cryptocurrencies had been withdrawn...
OpenSea, once a dominant force in the NFT marketplace, has hit turbulent waters. The platform finds itself metaphorically shipwrecked along the digital shores of the Web3 game OpenSeason. This dramatic turn of events comes after OpenSea made the controversial decision to delist the game’s NFT passes, sparking widespread discussion in the community. Developer Fractional Uprising...
New Web3 project Dechat has drawn the wrong kind of attention after unintentionally sharing a honeypot scam link during its token announcement on February 26. This mistake was brought to the project’s notice by popular crypto investigator ZachXBT. Dechat Honeypot Scam Mistakingly Promoted The crypto sleuth shared screenshots showing the Dechat team’s mistake in sharing...
The hacker responsible for the November 2023 KyberSwap attack was spotted on February 26 transferring nearly $2.5 million in cryptocurrency. #PeckShieldAlert #KyberSwap Exploiter-labeled address bridged ~800 $ETH (worth ~$2.5m) from #Arbitrum to #Ethereum pic. .com/xTWO7lOLJY — PeckShieldAlert (@PeckShieldAlert) February 26, 2024 According to an X post by blockchain analytics firm PeckShield, the hacker moved 798.8...