Following a $5.8 million hack on April 26, Loopscale is in discussions with the exploiter for the return of stolen USDC and SOL tokens, potentially in exchange for a bounty. Here’s a breakdown of the situation.
Tag: Business
Melania Memecoin Team Sells $1.5M in Tokens: Impact and Market Analysis
The team behind the Melania (MELANIA) memecoin has sold over $1.5 million in tokens, sparking concerns amid a cooling memecoin market. Learn about their DCA strategy, the token’s performance, and broader memecoin trends.
Stacks Asia & Abu Dhabi Global Market: Expanding Bitcoin Adoption in the Middle East
Stacks Asia partners with Abu Dhabi Global Market (ADGM) to promote Bitcoin adoption through education and support for Bitcoin builders in the Middle East and Asia. Learn about the initiative’s goals, regulatory framework, and future plans.
Coinbase Launches Bitcoin Yield Fund for Institutions: A Comprehensive Guide
Coinbase introduces a Bitcoin Yield Fund targeting 4-8% annual returns for institutional investors. Explore the fund’s strategy, benefits, and the growing institutional interest in Bitcoin.
Bitget Pursues Legal Action Over VOXEL Futures Price Manipulation: A Deep Dive
Bitget is taking legal action against eight account holders accused of manipulating the price of VOXEL perpetual futures contracts. This article examines the alleged manipulation, Bitget’s response, and the broader implications for cryptocurrency trading.
El Salvador’s Bitcoin Strategy: Balancing IMF Compliance and Crypto Adoption
Despite an IMF agreement, El Salvador continues acquiring Bitcoin. Experts suggest a ‘flexible interpretation’ allows purchases through non-governmental entities, balancing financial innovation and traditional economic policies.
Michael Saylor’s MicroStrategy and Bitcoin Whales Aggressively Accumulate BTC: What’s Driving the Buying Spree?
MicroStrategy hints at another Bitcoin purchase as whales increase their BTC holdings. Explore the factors driving this accumulation, including ETF inflows and institutional adoption.
Bitcoin Treasury Strategies Fueling $200 Trillion Hyperbitcoinization: Adam Back’s Vision
Investment firms adopting Bitcoin treasuries are anticipating a $200 trillion market capitalization for Bitcoin, driven by global adoption and its unique monetary properties, according to Blockstream CEO Adam Back.
Solana’s Loopscale Hit by $5.8M Exploit, Lending Paused: A Deep Dive
Loopscale, a Solana-based DeFi lending protocol, temporarily suspends lending operations after a $5.8 million hack. This article examines the details of the exploit, the impact on users, and Loopscale’s response, providing insights into the vulnerability and the broader implications for DeFi security.
Deloitte Predicts $4 Trillion Tokenized Real Estate on Blockchain by 2035: A Deep Dive
Deloitte forecasts a surge in tokenized real estate, reaching $4 trillion by 2035, driven by blockchain benefits, evolving property ownership, and innovative use cases. Explore the drivers, challenges, and potential impact of this transformative trend.