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Mass adoption of stablecoins for global payments seems inevitable, as it is the most efficient and cost-effective method for remittance
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Looks like people are pulling their funds out of Berachain and sending them to Hyperliquid (via Arbitrum). Image credit: DL
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Cyber criminals tried to extort $20 million from Coinbase to keep stolen customer data off the internet. The crypto exchange has now reportedly put out a bounty worth the same amount on the culprits. https://www.theblock.co/post/354457/coinbase-offers-20-million-bounty-on-data-thieves-who-tried-to-extort-exchange...
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It's crazy how @sns (Solana's version of ENS) casually launched another $SNS token, even though the project already had a native token, $FIDA. Now, the FIDA token presumably has no relevance to the project. The team claimed that FIDA's "tokenomics are not sustainable." Can you imagine how many people got burned holding FIDA, thinking it was a vital infrastructure project in the Solana ecosystem? More details here (via @RT_Watson for The Block)
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Wow, $EOS tokens will become $A tokens! Looks like this controversial ticker will be missed
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.@synthetix_io contributors have proposed acquiring @derivexyz (formerly Lyra) via an SNX-for-DRV token swap. The proposed valuation is $27 million, and the swap ratio would be 27 DRV to 1 SNX. Synthetix plans to issue 29.3 million new $SNX tokens ($27 million) for this acquisition if the proposal is approved.
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