The exploiter will retain 20% of the stolen funds as a bug bounty.
ArkotNews
What’s in the House Financial Services Committee’s Stablecoin Bill?
It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.
Winklevoss Twins Lent Their Crypto Platform Gemini $100M: Bloomberg
The brothers had tried to get outside investment, Bloomberg said.
Venture Capital Bitkraft Raises $220.6M for Second 'Token' Fund: Filing
The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.
Bitcoin's Tight Correlation With Nasdaq-SPX Ratio Muddies Safe-Haven Narrative
Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset.
Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad
After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.
Euler Finance Community Weighs Plan to Return Money Recovered From $200M Hack
The goal of the proposal is to let Euler users redeem their funds as soon as possible.
First Mover Asia: Bitcoin Is Flat, Ether in the Red, as a Long Weekend Begins
It's a battle of bulls versus bears as the market gets a grip on reality, says Brent Xu, CEO of DeFi lender Umee. ALSO: CoinDesk columnist Daniel Kuhn writes that Elon Musk had the crypto world's attention again this week, but whether he helps DOGE is questionable at best.
Is Chief Twit Elon Musk Also Top DOGE?
He's done it again, so we're covering it again. Please kill me.
Bitcoin Price Ticker Goes Live on China’s Douyin App
Beijing allowing bitcoin's price to be displayed on one of the country's largest social network platforms shows a growing acceptance of the asset class within the country.