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Bitcoin investor sentiment remains pressured by global trade war concerns following new import tariffs announced by the United States and China.
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The series of liquidations for 3AC had a catastrophic impact on crypto lenders such as BlockFi, Voyager and Celsius. Many of the crypto lenders had to eventually file for bankruptcy themselves due to exposure to 3AC.
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3AC exchanged roughly $500 million worth of Bitcoin with the Luna Foundation Guard or the equivalent fiat amount in LUNC just weeks before Terra imploded.
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The collapse of 3AC, a Singapore-based crypto hedge fund that once managed over $10 billion worth of assets, sent shockwaves through the cryptocurrency market in 2022.
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Bitcoin proved significant price resilience, considering that it witnessed the largest daily selling pressure since the collapse of Three Arrows Capital (3AC), according to André Dragosch, head of research at Bitwise Europe.
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Bitcoin is steadily trading above the key $95,000 psychological support despite one of the largest intraday selling events since 2022.
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He says that in his experience, X is “a super interesting platform,” but “it’s still frustratingly hard to build with if you think about the developer tooling; the API is very expensive, very limiting, and you have to wait for X to do certain things, and it’s unclear how to get ideas into the product teams at X unless you know someone.”
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“In the medium term, you will probably drive a lot of users away if it becomes a totally uninformative place,” he says. “The idea behind Community Notes is to create that balance between expression and also accuracy. And so, from a commercial point of view, we have an interest then to drive that KPI of correctness.”
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“If you look at our current costs, you definitely need to be above like $1 or $2 for it to start making sense,” he says, adding he believes it would be in X’s commercial interests to redirect funding from creator rewards to prediction markets.
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While Buterin suggested a spec reward of $10 would be enough to incentivize AI agents to trade a prediction market, Minarsch says it could be even lower.
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https://warpcast.com/mameliab9/0x857c6f8e
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To identify malicious pop-ups, Scam Sniffer suggested right-clicking the links since “phishing pages block right-clicking,” while real Phantom wallet windows will not restrict the action.
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In late January, Scam Sniffer warned Phantom users about pop-ups on malicious websites that mimic the appearance of Phantom’s interface and prompt the user to enter their wallet seed phrase for a fake connection request.
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If the victims approve the request, a prompt appears asking them to input a seed phrase, which, if entered, would allow scammers full access to the wallet to drain it.
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Web3 scam detection platform Scam Sniffer posted to X on Feb. 6 to warn that scammers were connecting to real Phantom wallets and attempting to trick users with a fake “update extension” signature request.
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Phishing scammers are targeting users of the Solana-based crypto wallet Phantom by attempting to steal private keys through pop-ups that spoof legitimate update requests.
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Development of Ondo Chain will be advised by Ondo’s existing members, namely BlackRock, PayPal and Morgan Stanley, and new members, including Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon and McKinsey, Ondo Finance said.
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Ondo announced Ondo Chain on Feb. 6 during its inaugural New York summit. Chase Herro, co-founder of the Trump family’s World Liberty Financial, reportedly told the summit that the crypto platform would create a “strategic reserve” with tokens it holds — including the Ondo (ONDO) token.
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Real-world asset tokenization platform Ondo Finance said it will launch an institution-focused layer-1 blockchain for Wall Street firms to tokenize RWAs.
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In a significant development for the industry’s mainstream acceptance, Mt. Gox completed 41.5% of its Bitcoin distribution to creditors, who received a total of 59,000 Bitcoin, on July 30, 2024.
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