An attempt to understand working of Paxos Algorithm. This is the first part of the three part series which walks through the straight case scenario of how the algorithm works.
Venus Protocol paused the platform to conduct security reviews but said the $27 million loss was not linked to a flaw in its contracts.
A trader who made $38 million trading last week’s plasma (XPL) volatility secured another heft payday on Monday, profiting $250 million on the release world liberty financial (WLFI), a decentralized finance (DeFi) token linked to U.S. president Donald Trump’s family. Etherscan data shows that the wallet in question, belonging to a trader known on derivatives … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market action has been pretty muted in majors, mainly due to the quiet aftermath of Monday’s North American holiday. Yet, two clear themes are still playing out — gold continues to surge to record highs, while bitcoin (BTC) is struggling to find upward momentum. … Read more
Note: the following is about vanilla transformers, but the conclusions and metaphors can be extended to reason fruitfully about newer LLMs (which will be covered in a later article). Many people have the intuition that an LLM (Large Language Model, e.g. ChatGPT) doesn’t really understand what it’s saying. It doesn’t really reason, it has no intent … Read more
Bitcoin’s hashrate has reached 1 zettahash per second (1 ZH/s) on a seven day moving average for the first time, setting a new all time high, according to Glassnode data. The hashrate is the average estimated number of hashes per second produced by miners securing the network. Using a seven day moving average is important … Read more
Comments
Bitcoin price sees a modest recovery, but multiple BTC metrics suggest traders are still holding back from making risk moves.
A sequencer failure froze Starknet block production for nearly three hours, forcing transaction resubmissions and raising new doubts about network reliability.
Tate is back in the Hyperliquid trenches, betting on the WLFI token despite his account nearing $700,000 in total losses.
The global post-trade industry is entering a new phase of transformation driven by digital assets and AI, according to Citi’s latest “Securities Services Evolution” whitepaper. The bank’s fifth annual survey, which gathered input from 537 market participants including custodians, broker-dealers and asset managers, highlights how tokenization, accelerated settlements and AI-driven automation are reshaping trade processing. … Read more
Bitcoin speculators are driving a market reversal signal only seen during two long-term BTC price bottoms over the past year.
The Japanese exchange is expanding its global reach with a deal planned to close in October, joining a wave of other crypto acquisitions.
Venus Protocol, one of the largest lending platforms on the BNB Chain, was hit by a suspected exploit on Tuesday with attackers seemingly draining an estimated $27 million worth of assets. On-chain sleuths said they suspect the protocol’s Core Pool Comptroller contract was updated to a malicious address, which then siphoned off tokens including vUSDC … Read more
The think tank argues that lax crypto regulation leaves Ukraine vulnerable to criminals, sanctions evasion and budget shortfalls.
The big question for bitcoin (BTC) is whether the basis trade, an attempt to profit from the difference between the spot price and the futures market, will return if the Federal Reserve cuts interest rates on Sept. 17. There’s a 90% chance the Federal Open Markets Committee will cut the federal funds target rate by … Read more
The update starts rolling out globally in September. Google is updating user profiles for its Play Games service on Android devices to display gaming stats, achievements, and social features. The changes include a suite of new capabilities for “showcasing and tracking your game progress and stats, new ways to build your gaming community, and allowing … Read more
Bunni, a decentralized exchange built on Uniswap v4’, paused all smart contract functions after a security breach drained an estimated $8.4 million in crypto. Blockchain security firm CertiK said the exploit targeted BunniHub, Bunni’s main contract system, and resulted in $2.3 million in losses on Ethereum. An earlier attack on Uniswap Labs’ layer-2 network Unichain … Read more
Comments
Metaplanet charted a path to expand shares and issue dual-class stock, reinforcing its long-term Bitcoin accumulation plan.
A flaw in Bunni’s custom liquidity logic allowed an attacker to drain about $2.4 million in stablecoins, prompting the platform to pause all contracts.
ESMA’s executive director said tokenization could transform markets but warns of risks and the need for safeguards.
Metaplanet Inc (3350) shares gained more than 2.5% to 853 yen on Tuesday after investors approved key amendments at an extraordinary general meeting held on Sep. 1. The company announced that shareholders backed three proposals that expand its financial and governance flexibility. The first resolution increased the maximum number of authorized shares to 2.7 billion … Read more
Falling prices aren’t the only losses World Liberty Financial (WLFI) holders are facing just a day after the token went live for trading. Hackers are apparently exploiting a loophole tied to Ethereum’s recent Pectra upgrade, draining WLFI tokens through what security firms are calling a “classic EIP-7702 phishing exploit.” WLFI, the Donald Trump–linked governance token … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. XRP: Prints spinning bottom XRP (XRP) chalked out a “spinning bottom” candlestick pattern on Monday, which occurs when prices swing back and forth in a broad range, but end the day near the opening price. The shadows representing the intraday high … Read more