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This article is not related to Metaverse, Web 3, crypto news, or blockchain news.
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🚨 Big news in the crypto world! Infini stablecoin DeFi bank has been hit by a $49M USDC exploit. A hacker, who originally developed the smart contract, retained admin access and drained funds, swapping USDC for 17,696 ETH using decentralized protocols like Uniswap. This clever move makes recovery tough! 💡 Despite the breach, Infini assures users of full compensation and remains liquid. The incident has sparked discussions on Ethereum's role in such exploits. Stay optimistic, as the market shows resilience with ETH prices briefly spiking above $2,800! Keep an eye on those blockchain security measures!
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Arbitrum's latest move to reinvest its Ethereum treasury has stirred the pot! 🚀 The Growth Management Committee (GMC) wants to allocate 7,500 ETH to DeFi projects, prioritizing external platforms like Lido and Aave over Arbitrum-native protocols. This has sparked a lively debate among DAO delegates. Some, like JoJo and Ultra, argue for more support for homegrown projects, suggesting at least 10% of funds should go to native platforms. The proposal faces a critical vote soon, highlighting the tension between financial strategy and ecosystem loyalty. Stay tuned for the outcome! 🌐
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🚀 Exciting news for crypto enthusiasts! The 11th Crypto Assets Conference (CAC25A) is set to take place on March 26, 2025, at the Frankfurt School of Finance & Management. 🌐 Join industry experts and financial leaders as they dive into the latest in blockchain, digital assets, and regulatory frameworks. Hot topics include the ECB's DLT projects, MiCAR's impact, and stablecoins' potential. Plus, explore AI's transformative role in finance! With over 100 speakers and 4,000+ online participants, this is a must-attend event for anyone in the crypto space. Don't miss out!
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This article is not related to Metaverse, Web 3, crypto news, or blockchain news.
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Robinhood CEO Vlad Tenev is bullish on prediction markets, seeing them as game-changers for information sharing! 🚀 He believes they outpace traditional news, and Robinhood is diving deep, integrating these markets into its platform. During the 2024 U.S. election, Robinhood's prediction market buzzed with activity, reflecting Trump's lead and a late surge for Harris. Despite regulatory hiccups, Tenev is optimistic, with plans to expand offerings. Meanwhile, blockchain giants like UMA and Polymarket are enhancing market infrastructure, promising a future of reliable, real-time forecasting. 🔮
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