Bitcoin’s Slaughterhouse: Bears Butchered

Just a day after Nvidia reached a $4 trillion market capitalization, bitcoin decided to one-up them and blow past $113K on Thursday afternoon. It’s like the cryptocurrency was saying, “Hey, Nvidia, that’s cute. But let me show you how it’s done” 😏.

DAOs: The Next Generation

Take the Oneida Community, for example. This 19th-century utopian experiment in upstate New York was all about free love, communal living, and collective decision-making 🤝. Sounds like a hippie’s paradise, right? But, as the community grew, it faced internal conflicts, legal troubles, and societal outrage 🚫. In the end, it had to adapt and become more structured to survive 📈.

Ant International and Circle Shake Hands, USDC Might Finally Get a Passport

Bloomberg reports that the integration of USDC by Ant Group will only happen once the stablecoin has passed all the U.S. regulatory hurdles. The timing is as clear as mud, but the partnership will be a significant milestone in Ant’s journey toward becoming a regulated fintech innovator. In 2020, the Chinese government decided Ant needed a bit of a makeover, leading to the cancellation of its massive 37 billion-dollar IPO. 🤦‍♂️ Since then, Ant has shifted its focus to expanding its business abroad, like a tech company playing a global game of hide and seek.

GMX V1 Hack: $42 Million Vanishes in Thin Air, Exchange Goes Dark!

Picture this: an attacker, likely with a penchant for the dramatic, drained around $42 million from GMX’s GLP liquidity pool. The heist, which took place early on a rather unassuming Wednesday, prompted GMX to hit the emergency stop button, halting all trading and disabling the minting and redemption of GLP tokens across both the Arbitrum and Avalanche networks. Because why wouldn’t you stop everything in the wake of a small $42 million theft?