Moonwell’s third oracle malfunction in six months saw the price of cbETH set at $1.12 instead of $2,200, leading to 1096 cbETH liquidated. Source link
Coinbase
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Coinbase
FTX-linked Effective Ventures sells UK manor at $14.5M loss
by Warren Payneby Warren PayneRecently published accounts from FTX-backed Effective Ventures confirm that it sold the manor amid a rough market for stately homes. Source link
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Peter Thiel and Founders Fund lost tens of millions of dollars investing in ETHZilla, a struggling ETH treasury company. Source link
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Coinbase
Michael Saylor’s Spinal Tap ad says STRC is like a bank account — it isn’t
by Warren Payneby Warren PayneMichael Saylor is using AI slop to liken Strategy’s STRC dividends to the interest payments of regulated money market funds. Source link
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Coinbase
Cambodia has deported 48K foreigners since scam center crackdown began
by Warren Payneby Warren PayneCambodia’s deputy prime minister warned that its police force is stretched thin as it continues to crack down on crypto scam centers. Source link
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NFT artist Beeple is critiquing the collapse of Ethereum with a grim pigeon-infested depiction of this year’s ETH Denver conference. Source link
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Polymarket quietly sunsetted one of its two de facto subsidies for quants adding liquidity to lure retail ‘taker’ orders. Source link
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A monkey called Punch has already been spun into a memecoin that’s pulled in $41 million in trading volume and market manipulation warnings. Source link
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Coinbase
Aave developer BDG Labs to ‘cease contribution’ after DAO drama
by Warren Payneby Warren PayneThe latest in a string of Aave DAO disputes sees BGD Labs quit, citing Aave Labs’ behavior around v4 and centralization concerns. Source link
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Coinbase
Fake Uniswap phishing ad on Google steals trader’s life savings
by Warren Payneby Warren PayneA fake Uniswap website promoted via Google Ads drained a six figure dollar amount worth of crypto savings from a Polymarket trader. Source link
