Sturdy Finance was hacked for $800K PeckShield analysts reported suspicious activity in the Sturdy Finance lending protocol pool. The administration later confirmed the hack. The hacker withdrew 442.6 ETH ($769 thousand) via a Tornado Cash mixer.
A16z will open an office in London Investment fund A16z plans to open an office in London. The firm attributed its choice to the country's "predictable" regulatory climate. The country's prime minister's office said it was thrilled with the company's decision.
Ethereum developers have published a list of changes in the Dencun update The Ethereum Foundation is preparing for an update, Dencun, which will include five offerings (EIPs), including "proto-dunksharing": EIP-1153 - a change aimed at reducing network storage fees; EIP-4788 - would significantly improve bridge and pool infrastructure for steaming; EIP-5656 - aimed at EVM code changes; EIP-6780 - will remove code
EXBI Launches Launchpad Platform and New Promotional Campaign EXBI Exchange has announced the launch of a launchpad to support Web3 products targeting the widest possible audience. To celebrate the launch of the Launchpad, the company is running a promotional campaign on Gleam. It launches on May 22 and will run for two weeks. The campaign includes several types
WSB Coin team member collapses token price by 90% On-chain analyst ZachXBT reported on the collapse of WSB Coin's price. A team member under the nickname ZJZ.eth, who ran the moderation bots of the notorious WallStreetBets community, suddenly sold off most of the tokens, amounting to $635k (334 ETH). As a result, WSB's price fell by 90%. ZachXBT
JPMorgan buys troubled First Republic Bank The FDIC regulator has accepted JPM's takeover bid for the bank. The giant is taking over all of FRB's deposits, which total about $103.9 billion. First Republic Bank's 84 physical branches in eight states will reopen today as branches of JPMorgan. All other FRB assets will also be acquired.
"Government must be involved in AI governance" - OpenAI Mira Murati, technical director of chatbot developer ChatGPT OpenAI, was interviewed by the Associated Press. She believes government agencies should be involved in regulation: "Governments should approve regulations - at least at the company level. They should agree on some level of standards.
Binance launches AI bot for Binance Academy Cryptocurrency exchange Binance is launching chatbot Binance Sensei, which is powered by ChatGPT, for Binance Academy. "Users will be able to enter a few keywords or questions through the chat window and receive an instant response based on Binance Academy articles or other reliable public sources," the exchange said in
Coinbase head ready to move company out of US Coinbase boss Brian Armstrong has not ruled out the company leaving the US altogether unless the authorities offer clear and fair regulation of the crypto industry. "I think the US has the potential to be an important cryptocurrency market. But right now we don't see the regulatory clarity that we