OpenAI Poaches Coinbase Marketing Team Talent
OpenAI has hired several senior marketing executives from @Coinbase, including Kate Rouch and Sarah Russell, amidst a broader trend of talent shifting from crypto to AI. #Update #Crypto
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Kelp DAO Blames LayerZero for $290M Disaster
@KelpDAO disputes @LayerZero’s claims regarding the $290 million exploit, asserting that the compromised infrastructure was LayerZero’s own, not Kelp’s. The incident involved a single-verifier setup. #Update #Crypto $ETH
Coinbase Bybit Launch Tokenization of U.S. Stocks
@Coinbase and @Bybit are collaborating to tokenize and distribute U.S. public and pre-IPO stocks, expanding access to Asian markets; no stake acquisition involved. #Update #Crypto $BTC
Stablecoins Boost Revenue for Businesses
@PaxosLabs raises $12M to build a financial utility stack for stablecoins, enhancing business use cases and turning costs into revenue. #Update #Crypto $USDC
Kraken Acquires Bitnomial for $550 Million
@Payward has agreed to acquire derivatives platform @Bitnomial for up to $550 million, enhancing Kraken’s U.S. regulatory capabilities and infrastructure ahead of its IPO plans. #Update #Crypto $BTC $ETH
Tether Funds Drift $148 Million After Exploit
@DriftProtocol secures $147.5M from Tether to relaunch as a USDT-based exchange after a $270M exploit, replacing USDC amid rising stablecoin competition. #Update #Crypto $USDT
Avalanche Secures Telescope Records with SkyMapper
Avalanche’s @AvaLabs launches SkyMapper L1, a blockchain network for real-time verification of telescope data, enhancing scientific reliability with tamper-proof records. #Update #Crypto $AVAX
Kraken Fends Off Extortion Attempt Successfully
@Kraken is facing an extortion attempt by a criminal group threatening to release client data videos; no breach occurred, and client funds are secure. #Update #Crypto $BTC $ETH
Stablecoins Surge as Commodity Traders Face Debanking
Commodity traders are increasingly turning to stablecoins like Tether’s $USDT due to banks withdrawing from financing amid geopolitical tensions, particularly the Iran conflict. #Update #Crypto $USDT
Bitcoin Forms Strong Base at $65000
Bitcoin is forming a base at $65,000 as selling pressure eases; geopolitical tensions impact markets, with oil prices fluctuating and equities showing resilience amid uncertainty. #Update #Crypto $BTC
Crypto Clarity Bill Faces 30% Passage Chance
Ron Hammond of @Wintermute says the Clarity Act has a 30% chance of passing this year, facing hurdles from banks over stablecoin yield issues. Progress is ongoing but uncertain. #Update #Crypto $BTC
Oil Prices Surge Amid Iran War Crisis
@MichaelAshton highlights the need for a stablecoin that preserves purchasing power amid rising inflation, introducing USDi, which tracks U.S. Consumer Price Index changes. #Update #Crypto $USDi
Crypto Security Crisis Deepens with AI Threats
@Ledger’s CTO Charles Guillemet warns AI is worsening crypto security, following $285M exploit of Drift and $25M loss at Resolv. Over $1.4B lost to hacks in the past year. #Update #Crypto $SOL
Crypto Testnet Hacked But Client Funds Safe
@GalaxyDigital reported a cybersecurity incident affecting an isolated development workspace, with losses under $10K; no client funds were compromised. All services remain operational. #Update #Crypto $BTC