MicroStrategy's X Hacked, $440K Scammed
OANDA Unveils FCA-Registered UK Platform, Whales Buy $500M Worth Of Ethereum In 2 Days, Circle Partners With Overdare To Build Metaverse
Welcome to Coinfeeds Daily Digest! Today we cover the Optimism network's major upcoming scalability and efficiency upgrade called Ecotone where Ethereum's EIP-4844 will be implemented, with the blob feature. In the security world, a gambling project powered by the Blast L2 named RiskOnBlast is likely responsible for a theft of $1.3 worth of ETH from users, which would label it the first significant scam on the relatively new Blast. Also, MicroStrategy's Twitter was hacked, and around $440K was defrauded from its followers through fake MSTR token airdrop phishing. OANDA is launching a licensed crypto platform in the UK following its acquisition of a majority stake in the FCA-registered Coinpass last year, and USDC's Circle has entered a partnership with Overdare to create a stablecoin-driven metaverse that's similar to that of Roblox's.
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MicroStrategy's X Account Hacked, $440K Stolen With Fake Token
MicroStrategy's X account was compromised, leading to a sophisticated phishing scam that tricked users into parting with at least $440,000. The scam involved the promotion of a non-existent 'MSTR token,' supposedly backed by MicroStrategy's Bitcoin reserves. Notably, one user reported losing over $420,000 in altcoins to the scam. | Read More
Ethereum Whales Invest $500M In 48 Hours, Price Soars
Ethereum's most significant investors, often referred to as 'whales', have made a bold move by investing a staggering $500 million into Ethereum over a short period of 48 hours. This substantial influx of capital, amounting to the purchase of 170,000 ETH, has propelled the cryptocurrency's price to a new high for the year 2024, reaching approximately $3,050. | Read More
Optimism Network's Major Ecotone EIP-4844 Upgrade
The Ecotone upgrade is not just any update; it's a leap forward in blockchain scalability and efficiency. At the heart of this upgrade is the integration of Ethereum Improvement Proposal (EIP) 4844. This proposal introduces the concept of "blobs," a new way to bundle large amounts of transaction data into compact, efficient packages. | Read More
Circle Partners with Overdare for New Roblox-Like Metaverse
Circle, a leading financial technology firm, has announced a partnership with Overdare, a joint venture between gaming giant Krafton and tech conglomerate Naver Z. This collaboration is set to launch a new 'Roblox-style' metaverse platform, aiming to blend gaming with the burgeoning Web3 space to create an unprecedented UGC ecosystem. | Read More
Blast Ecosystem Hit by $1.3M Scam
RiskOnBlast, a gambling and exchange platform operating inside the Blast ecosystem, has allegedly executed a 'rug pull,' absconding with approximately $1.3 million worth of Ether from unsuspecting investors. This incident has not only left over 750 victims in its wake but also raised serious questions about the due diligence and security measures within DeFi. | Read More
OANDA Launches FCA-Registered Crypto Platform in UK
Global brokerage firm OANDA has announced the launch of a new cryptocurrency trading platform in the UK, named OANDA Crypto. This platform is set to cater to the needs of UK-based private investors and traders. The decision to venture into crypto follows an acquisition of a majority stake in Coinpass, a crypto firm registered with the UK's FCA. | Read More