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MEV Bot Borrows $12 Million, Nets Just $20

MEV Bot Borrows $12 Million, Nets Just $20

An “unfortunate” MEV bot took out a flash loan of $11.7 million but managed to earn only $20 from the transaction. Analysts at Arkham Intelligence highlighted this incident. An MEV Bot just took out a $12 Million flashloan to make less than $20 in profit. It sandwiched a user trying to swap $5K of SHFL […]

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Ethereum's Return to All-Time Highs Unlikely This Year, Says Expert

Ethereum’s Return to All-Time Highs Unlikely This Year, Says Expert

A return to Ethereum’s peak of $4878 by year-end is “possible, but highly unlikely,” according to Derive founder Nick Forster, as reported by Cointelegraph. The expert asserts that ETFs based on the asset are losing out to tech stocks that offer “higher returns.” Additionally, the second-largest cryptocurrency lacks a “strong narrative capable of driving its […]

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Durov Announces Enhanced Moderation on Telegram

Durov Announces Enhanced Moderation on Telegram

The founder of the messaging app Telegram, Pavel Durov, published his first post following his release. In it, he thanked the community for their support and expressed surprise at having to bear personal responsibility for the unlawful actions of third parties. “Using pre-smartphone era laws to accuse a CEO of crimes committed by third parties […]

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Ethereum Lags Behind Bitcoin by 44% Since Transition to PoS, Says CryptoQuant

Ethereum Lags Behind Bitcoin by 44% Since Transition to PoS, Says CryptoQuant

The price of Ethereum has significantly “lagged” behind that of digital gold since the activation of The Merge and the full transition to the Proof-of-Stake (PoS) consensus algorithm. This is reported by The Block, citing analysts from CryptoQuant.

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New Investors Pose Risk to Bitcoin, Says Glassnode

New Investors Pose Risk to Bitcoin, Says Glassnode

The average new market participant is experiencing unrealized losses, which could increase selling pressure if the price of digital gold continues to correct, according to a report by Glassnode.

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Inside ChatGPT: Porn Generators, Cheating Tools, and Dubious Medical Advice

Inside ChatGPT: Porn Generators, Cheating Tools, and Dubious Medical Advice

Custom versions of ChatGPT are being used to create pornographic content, assist students in bypassing AI-generated text detection systems, and provide ‘authoritative’ medical and legal advice. This was reported by Gizmodo following an investigation. In November 2023, OpenAI introduced the ability to customize ChatGPT for personal purposes, requiring no programming skills. The created GPTs can […]

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Robinhood Crypto Fined $3.9 Million Over Asset Withdrawal Ban

The cryptocurrency division of online broker Robinhood will pay a $3.9 million fine as part of a settlement with the California Department of Justice. The settlement concludes an investigation by the department into the company’s violations of the state’s commodities law. Prosecutors initiated the case following complaints from platform users. Complaints against Robinhood Crypto included: […]

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Euler Finance Relaunches with Enhanced Protocol Following $200 Million Breach

Euler Finance Relaunches with Enhanced Protocol Following $200 Million Breach

The Euler Finance team has launched the second version of its DeFi protocol. The relaunch follows a $200 million attack in March 2023 and comes after 31 audits by Certora, Omniscia, OtterSec, Open Zeppelin, Trail of Bits, and other experts, reports The Block. v2 is positioned as a “meta-lending protocol.” It is designed to allow […]

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Harvard Scientists Develop AI Model with 96% Cancer Detection Accuracy

Researchers at Harvard Medical School have developed an AI model named Chief, capable of accurately identifying various types of cancer, assessing treatment methods, and predicting survival rates. This is detailed in an article on Nature. According to the scientists, their neural network is groundbreaking due to the wide range of tumors it can analyze and […]

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Trump-Linked World Liberty Financial Team to Receive 70% of Tokens, Reports Say

Trump-Linked World Liberty Financial Team to Receive 70% of Tokens, Reports Say

Insiders at World Liberty Financial, a project associated with the Trump family, are set to receive 70% of WLFI tokens, according to a draft white paper. This is a significant allocation for a project that aims to address the issues of “dishonest” TradFi, reports CoinDesk. The document indicates that the founders, team, and service providers […]

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Russian Financial Pyramid Attempts Deceptive Entry into Digital Asset Market

Russian Financial Pyramid Attempts Deceptive Entry into Digital Asset Market

An unnamed Russian platform for issuing digital financial assets (DFA) encountered fraudsters attempting to list their token on the market. This was revealed by the Deputy Chairman of the Bank of Russia, Philip Gabunia, as reported by Interfax. According to the official, the asset belonged to a certain financial pyramid, and the incident occurred “on […]

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Binance Permanently Removes Changpeng Zhao from Management

Binance Permanently Removes Changpeng Zhao from Management

The cryptocurrency exchange Binance has permanently removed former CEO Changpeng Zhao (CZ) from management. This was reported by Axios, citing the current head of the company, Richard Teng. The entrepreneur’s plea agreement with the U.S. Department of Justice mentioned a three-year term. CZ is serving a four-month prison sentence for charges related to money laundering […]

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