Inside DeFi 007: 💭 Aave Labs in charge, ACI reaches breaking point
DeFi’s largest protocol, has finally voted on the long-awaited Aave Will Win proposal from Aave Labs. Guess who won.
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— Justin Sun, Legal
Justin Sun nears $10M deal to settle SEC’s Tron lawsuit
Tron founder Justin Sun's deal with the SEC would see all wash trading and price manipulation claims dropped.
— Michael Saylor, MicroStrategy
Strategy is paying credit card rates to keep STRC at $100
Strategy founder Michael Saylor has increased the dividend rate on STRC so high that it's now roughly 60% of a typical credit card rate.
The Context 163: ⚠️ TRON is not decentralized
TRX, the token for the TRON blockchain, is often described as decentralized, but one person, Justin Sun, owns more than half the tokens.
— Kalshi, Polymarket
Are Polymarket and Kalshi decentralized?
Polymarket and Kalshi are popular in the cryptocurrency industry, but neither is truly "decentralized" like other projects.
Whoever’s running SBF’s X account keeps following memecoin shills
The proxy currently running Sam Bankman-Fried’s X account is following degenerate memecoin promoters on behalf of the former FTX supremo.
Crypto devs accused of rug pull blame Iran draft for abandoning project
The MONTRA token's market cap dropped from $100K to $20K, and the Montra Finance website now displays a 404 error page.
— Crime, South Korea
Crypto leaked by South Korean tax officials stolen a second time
The person behind the $5M crypto theft confessed to South Korean police and returned the funds — before they were stolen again.
Pig butchering is creating entirely new industries
Pig butchering is expanding so quickly that it's given rise to two entirely new industries: escrowing and selling hostages.
Game developer Sillytuna reports losing $24M of crypto in UK ‘wrench’ attack
Despite being widely reported as an "address poisoning" attack, the victim described a violent robbery and appealed for help recovering funds.