The broader fashion, observed from a safe, snobbish distance, is to stitch together stablecoin blockchains like so many novelty quilts: Plasma raised $373 million while still damp from conception, Stable orbits Tether like a devoted spaniel, and now Tempo enters stage left humming a jaunty “me too”.
Zak Cole, a name respected in the Ethereum community, fell prey to a cunning piece of software from Cursor AI. This digital serpent slithered its way into his system, granting attackers access to his hot wallet for three days before making off with its contents. The culprit? An innocuous-looking plugin named “contractshark.solidity-lang.” It wore the mask of legitimacy well: professional iconography, persuasive descriptions, and over 54,000 downloads. But beneath this polished exterior lay betrayal-a silent thief that read his .env file and spirited away his private key to an attacker’s server.
Shiba Inu, that canine emblem perched atop the temple of memes, has leapt-a most canine leap-over 8% in the span of a single rotation of our weary planet, now prancing at the curious threshold of $0.00001394 (CoinGecko’s digital abacus confirms). Market cap? A voluptuous $8.2 billion-one could buy several respectable European principalities, or at least a modest yacht decorated with emojis.
For a platform that juggles over $4.57 billion in daily spot volume with the nonchalance of a society matron sipping her gin, such internal transfers are as commonplace as a Waugh protagonist’s disdain for the lower orders. Yet, the sheer audacity of this particular maneuver-19 million XRP, no less-managed to raise eyebrows even among the most jaded of observers. XRP, that perennial darling of Upbit’s trading floor, accounts for a staggering 12% of the exchange’s activity, a statistic as impressive as it is irrelevant.
Under the banner of CMB International, a prominent asset manager in Asia, has transformed their HK-Singapore Mutual Recognition Fund into a digital token named CMBMINT. This conversion was achieved in partnership with DigiFT and OnChain in Hong Kong and Singapore.
According to CoinMarketCap, DOGE’s trading volume hit $3.5 billion. That’s right, BILLION. Apparently, people are treating their life savings like they’re betting on which pigeon will poop first at the park. And guess what? The price went up too-9.4% to $0.2456. Congratulations, everyone who bought in thinking “this is my genius moment.” 🎉
Price Jumps on Token Burn and Upgrade
In a desperate act to shield their crumbling temple, Odin.fun’s custodians slammed the gates shut-halting all trading, all withdrawals-thinking perhaps that silence could hide the chaos, or at least delay the inevitable. The founder, sounding like a man who’s just lost his last friend, confirmed the breach-“investigations are underway,” he declared, as if words could undo what has been lost. Meanwhile, security experts and law enforcement are probing the wreckage, attempting to piece together the puzzle-though, like a bad dream, the pieces seem to dissolve the moment you try to grasp them. 🕵️♂️
Prosecutors were pushing for a 10-year sentence, but the founders were like, “Nah, we’re good, thanks,” and somehow won the argument. 🙃 They’ll be monitored in Estonia, which I imagine is basically a holiday compared to prison. 🇪🇪✈️
On the 11th of August, Bitcoin’s value reached the noble height of \$122,190. Yet, much to everyone’s dismay, it could not maintain its upward march, culminating the day with a diminishment of 2.8%. The volume lacked the pizazz needed for a genuine rally; what ensued was merely a blip of hype, followed by an elegant liquidity sweep that swept away four sizeable long clusters-each averaging \$80 million. Truly, a masterstroke of economic theatre!
