@lookonchain (on X) The seemed to be in a hurry and copied a | kaymyg on Binance Square

Trending Articles

Bookmarked and Liked

--

Bullish

@lookonchain (on X)
The #Poloniexhacker seemed to be in a hurry and copied and pasted the wrong address, transferring 10.5M #GLM  ($2.5M) to the token contract address.

The 10.5M #GLM ($2.5M) was essentially burned. 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

34

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@kaymyg

Explore More From Creator

#fractalbitcoin 📢 Ordinals on Fractal is Now Live!🎉 The block 21,000 has been mined, and #ordinals on #FractalMainnet is officially activated. You can now begin experiencing Ordinals on Fractal with the following supported functionalities: ✅ brc-20 on Fractal inscribing ✅ Files, names and other content inscribing $BTC $FB

--

@Rocky_Bitcoin views #CKB 's recent doubling as a significant event and uses this as a starting point to discuss the current key narratives in the Web3 space. He highlights that the $BTC ecosystem and $TON ecosystem are the most politically correct choices for Web3 investment right now. Investment trends are shifting from AI, DEPIN, RWA, and infrastructure towards these ecosystems, especially among overseas investors. He explains that the #Bitcoin❗ ecosystem has the potential to release hundreds of billions of dollars in incremental funding, which will likely lead to explosive market growth. Similarly, the #TON ecosystem's growth is tied to its ability to attract a large user base, with 1 billion users being a critical threshold for exponential expansion in Web3. Rocky emphasizes the challenges that investment institutions face this year in both primary and secondary markets and the importance of preparing for the next cycle with good performance and data. He acknowledges the criticism toward VCs in Web3 but asserts that they play a crucial role in driving innovation and growth. He advocates for paying attention to new strategies within the #BTC☀ ecosystem and experimenting with #TON mini-games and DeFi, emphasizing that politically correct actions will lead to long-term success in Web3. $SEAL

--

Issues Surrounding @basedangelsbtc and @Magisat_io Collections: 1. Exclusion of @basedangelsbtc: The team removed this user from the collection to protect holders from potential scams, raising concerns about centralization within #ordinals , which are supposed to be decentralized and immutable. 2. Unauthorized Listing on @Magisat_io: The collection was listed without the founder's consent, violating creator rights. Support has failed to update the correct metadata for 3 days, allowing the sale of stolen assets, which undermines the marketplace's credibility. 3. Buyer Responsibility: The platform warns buyers that they are solely responsible for purchasing items on @Magisat_io, even if they are unauthorized. This adds a burden of due diligence to buyers in a decentralized space. 4. Metadata Manipulation: Removing certain collectibles from metadata to prevent scammers from profiting reveals the "ugly side" of Ordinals. Despite claims of decentralization, this shows that collections can still be controlled centrally, contradicting the immutability principle. 5. Centralization Concerns: The actions taken highlight how Ordinals collections are not as decentralized as claimed, raising doubts about their superiority over Ethereum and Solana in terms of decentralization. 6. Focus on Rare Sats: Some argue that the true Bitcoin assets are #RARESATS , not #NFTs or collectibles that can be tampered with. This calls for a shift in focus back to Bitcoin's core value. 7. Need for Better Bitcoin Assets: To avoid repeating past mistakes of centralized NFTs, the community needs to create more decentralized, immutable assets on Bitcoin using models like "parent-child." In conclusion, the current approach to handling Ordinals metadata exposes centralization weaknesses and challenges the promise of Bitcoin's decentralization. #magisats $BTC

--

#Tether 4% of its reserve is in #Bitcoin❗ Of the 84.24% in Cash & Cash Equivalents & Other Short-Term Deposits, 81.13% is government Tbills, 6.37% as MMFs. $BTC

--

#Tether The authorized issuance of $USDT on the $TON chain has exceeded $1 billion, currently reaching $1,030,000,002, of which the authorized unissued amount is approximately $309,325,516.46, and the net circulation is approximately $720,674,485.54. Summary of distribution is as below:

--

Latest News

Vitalik Buterin Discusses Early-Stage Developments In Crypto

--

US Retail Sales Data to Influence Federal Reserve Rate Decision

--

BNB Drops Below 550 USDT with a 0.78% Decrease in 24 Hours

--

Federal Reserve's September Rate Cut Probabilities Revealed

--

Cryptocurrency Market Sees $124 Million Liquidation in 24 Hours

--

Trending Articles

Solana Nears Critical Resistance Levels: Solana Rally Incoming?

EagleEye Economics

Bitcoin Price About $60K! What’s Driving the BTC Price Surge?

XRP Price To Crash To $0.33 Before Surge To $9 Post-SEC Appeal; Analyst Reveals

Crypto Breaking

It’s “Very Late” to Buy Bitcoin, Schiff Says

Fed Warning: Bitcoin And Crypto On The ‘Cusp’ Of A Major Price Shock ⚠️💥

Cookie Preferences

ba-one-trust-cookie