According to the hilarious (yet tragic) update from Lookonchain, the attacker crafted a fake address that matched the first and last four characters of Galaxy Digital’s real deposit address. Then, they sent tiny “dust” transactions to the victim’s wallet-basically, crypto breadcrumbs leading to a financial black hole. The goal? To make the address look legit and trick our hero into thinking, “Oh, this looks familiar!” Spoiler alert: it wasn’t.
Meanwhile, the crypto market seems to be on a perpetual coffee break, unable to muster the enthusiasm to chase gold’s glittering tail.
Tether’s principal occupation, the issuance of USDT and the investment of its reserves, is a delicate dance designed to maintain the token’s parity with the US dollar. These reserves, a mélange of assets including the volatile cryptocurrencies, are not immune to the whims of the market. The downturn in digital assets following October’s events has no doubt cast a shadow over Tether’s returns, though the precise extent remains a matter of conjecture, given the company’s penchant for discretion.
The Wall Street Journal reports Dimon interrupted a coffee meeting between Armstrong and former UK Prime Minister Tony Blair. He pointed his finger and said, “You are full of s-.” Subtle? Not exactly the spa day you hoped for.
After a skyward sprint to $5,594.82 per ounce on January 29, our golden hero finally tripped over its own shine. Down it went, a 10% plunge-nearly $500 lost in a blink-halting a rally that had even the most optimistic miners scratching their heads. Trillions vanished, poof! Just like that, leaving the safe-haven crown looking a tad wobbly.
The madness kicked off at the unholy hour of midnight, disrupting federal agencies faster than a cat knocking over a vase, affecting hardworking government employees who now find themselves either unpaid or officially “not working.” Financial markets, ever the drama queens, are watching with bated breath, worried about ripple effects-probably because they can’t resist the drama or the chance to make a quick buck on the chaos.
At present, ADA has suffered a decline of 7.70% over the past twenty-four hours, trading modestly at $0.3251. Despite this lamentable diminution, the market remains spirited, with participation surging by an astonishing 72% to a sum of $831 million-a veritable ballroom of traders eager to make their presence known.
As if the markets were not already a thrilling roller coaster, Binance has taken upon itself the task of reinforcing its user safety net. On January 29, the exchange released an open letter that was presumably dictated by a combination of a crystal ball and a financial advisor’s best guess, outlining their heroic measures toward user protection and long-term industry development.
With great fanfare, Talos proclaimed the arrival of $45 million into its coffers, as if summoning a troupe of strategic investors from the ether. Among these illustrious newcomers are the likes of Robinhood Markets, the Sony Innovation Fund, IMC, QCP, and Karatage, all joining the ranks alongside familiar allies like A16z Crypto, BNY, and Fidelity Investments. This grand extension not only amplifies their financial arsenal but also promises to fund the noble pursuits of product development across realms such as execution, portfolio construction, risk management, treasury, and settlement-what an ambitious agenda! And to sprinkle a touch of modernity upon this endeavor, a portion of the investment was settled using stablecoins, those mystical tokens that promise stability in the ever-fluctuating sea of cryptocurrency.
Consider, if you will, the following curiosities: